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Nations Technologies (SZSE:300077) Cyclically Adjusted PB Ratio : 2.43 (As of May. 28, 2024)


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What is Nations Technologies Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Nations Technologies's current share price is ¥9.36. Nations Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.85. Nations Technologies's Cyclically Adjusted PB Ratio for today is 2.43.

The historical rank and industry rank for Nations Technologies's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:300077' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2.85   Max: 8.57
Current: 2.3

During the past years, Nations Technologies's highest Cyclically Adjusted PB Ratio was 8.57. The lowest was 1.16. And the median was 2.85.

SZSE:300077's Cyclically Adjusted PB Ratio is ranked better than
53.51% of 684 companies
in the Semiconductors industry
Industry Median: 2.495 vs SZSE:300077: 2.30

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Nations Technologies's adjusted book value per share data for the three months ended in Mar. 2024 was ¥1.848. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ¥3.85 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nations Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nations Technologies's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nations Technologies Cyclically Adjusted PB Ratio Chart

Nations Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.17 1.68 5.50 3.25 2.87

Nations Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.37 3.24 2.90 2.87 2.61

Competitive Comparison of Nations Technologies's Cyclically Adjusted PB Ratio

For the Semiconductors subindustry, Nations Technologies's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nations Technologies's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Nations Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nations Technologies's Cyclically Adjusted PB Ratio falls into.



Nations Technologies Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Nations Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.36/3.85
=2.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nations Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Nations Technologies's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.848/115.2271*115.2271
=1.848

Current CPI (Mar. 2024) = 115.2271.

Nations Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.978 98.200 5.841
201409 4.978 98.900 5.800
201412 4.987 99.000 5.804
201503 5.006 99.900 5.774
201506 5.034 99.500 5.830
201509 4.920 100.500 5.641
201512 4.991 100.600 5.717
201603 4.988 102.200 5.624
201606 5.123 101.400 5.822
201609 5.126 102.400 5.768
201612 5.258 102.600 5.905
201703 5.296 103.200 5.913
201706 5.412 103.100 6.049
201709 5.424 104.100 6.004
201712 4.549 104.500 5.016
201803 4.519 105.300 4.945
201806 4.572 104.900 5.022
201809 4.800 106.600 5.188
201812 1.950 106.500 2.110
201903 2.547 107.700 2.725
201906 2.506 107.700 2.681
201909 1.812 109.800 1.902
201912 2.116 111.200 2.193
202003 2.095 112.300 2.150
202006 2.063 110.400 2.153
202009 2.107 111.700 2.174
202012 2.151 111.500 2.223
202103 1.953 112.662 1.997
202106 2.056 111.769 2.120
202109 2.154 112.215 2.212
202112 2.603 113.108 2.652
202203 2.809 114.335 2.831
202206 2.917 114.558 2.934
202209 3.025 115.339 3.022
202212 2.769 115.116 2.772
202303 2.674 115.116 2.677
202306 2.496 114.558 2.511
202309 2.445 115.339 2.443
202312 1.969 114.781 1.977
202403 1.848 115.227 1.848

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Nations Technologies  (SZSE:300077) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Nations Technologies Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Nations Technologies's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nations Technologies (SZSE:300077) Business Description

Traded in Other Exchanges
N/A
Address
No. 109 Baoshen Road, National Technology Building, Nanshan District, Guangdong, Shenzhen, CHN, 518057
Nations Technologies Inc is a China-based company. It provides secure IC products and services in Internet identification authentication, TPM, secure modules, and personal digital security products and services. Its products include mobile identity, online banking, data encryption, e-Government, financial transaction and many others.
Executives
Liu Hong Jing Directors, executives
Xu Guo Hui Securities Affairs Representative
Luo Zhao Xue Director
Sun Ying Tong Directors, executives
Yu Jun Jie Directors, executives
Guan Shi Yuan Executives
Zhou Jian Bo Supervisors
Zhang Bin Executives
Yu Yun Bo Directors, executives
Wang Tao Securities Affairs Representative
Liu Xiao Yu Executives
Peng Bo Supervisors
Lu Lin Executives
Sun Yuan Executives
Huang Fu Hong Jun Executives

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