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FDC International Hotels (TPE:2748) Cyclically Adjusted PB Ratio : 3.65 (As of Jun. 07, 2024)


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What is FDC International Hotels Cyclically Adjusted PB Ratio?

As of today (2024-06-07), FDC International Hotels's current share price is NT$70.20. FDC International Hotels's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$19.23. FDC International Hotels's Cyclically Adjusted PB Ratio for today is 3.65.

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

TPE:2748' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.55   Med: 3.72   Max: 3.88
Current: 3.69

During the past years, FDC International Hotels's highest Cyclically Adjusted PB Ratio was 3.88. The lowest was 3.55. And the median was 3.72.

TPE:2748's Cyclically Adjusted PB Ratio is ranked worse than
80.13% of 614 companies
in the Travel & Leisure industry
Industry Median: 1.385 vs TPE:2748: 3.69

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.

FDC International Hotels's adjusted book value per share data for the three months ended in Mar. 2024 was NT$26.220. 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 NT$19.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FDC International Hotels Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FDC International Hotels'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.

FDC International Hotels Cyclically Adjusted PB Ratio Chart

FDC International Hotels Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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FDC International Hotels 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 - - - - 3.72

Competitive Comparison of FDC International Hotels's Cyclically Adjusted PB Ratio

For the Lodging subindustry, FDC International Hotels'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.


FDC International Hotels's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, FDC International Hotels's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FDC International Hotels's Cyclically Adjusted PB Ratio falls into.



FDC International Hotels 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.

FDC International Hotels's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=70.20/19.23
=3.65

* 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.

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

For example, FDC International Hotels'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)
=26.22/131.7762*131.7762
=26.220

Current CPI (Mar. 2024) = 131.7762.

FDC International Hotels Quarterly Data

Book Value per Share CPI Adj_Book
201312 8.333 98.326 11.168
201406 0.000 100.560 0.000
201412 9.916 99.070 13.190
201503 0.000 99.621 0.000
201506 9.880 100.684 12.931
201509 0.000 100.392 0.000
201512 11.216 99.792 14.811
201603 12.133 100.470 15.914
201606 10.483 101.688 13.585
201609 11.048 101.861 14.293
201612 14.420 101.863 18.655
201703 15.279 102.862 19.574
201706 13.744 103.349 17.524
201709 14.170 104.136 17.931
201712 15.246 104.011 19.316
201803 16.089 105.290 20.136
201806 14.042 106.317 17.405
201809 14.322 106.507 17.720
201812 16.363 105.998 20.342
201903 17.339 107.251 21.304
201906 15.392 108.070 18.768
201909 15.480 108.329 18.830
201912 16.408 108.420 19.943
202003 16.510 108.902 19.978
202006 15.632 108.767 18.939
202009 16.033 109.815 19.239
202012 16.983 109.897 20.364
202103 16.360 111.754 19.291
202106 15.662 114.631 18.004
202109 14.707 115.734 16.746
202112 19.103 117.630 21.400
202203 19.355 121.301 21.026
202206 19.006 125.017 20.034
202209 19.494 125.227 20.514
202212 21.675 125.222 22.810
202303 23.962 127.348 24.795
202306 24.692 128.729 25.277
202309 25.830 129.860 26.211
202312 26.784 129.419 27.272
202403 26.220 131.776 26.220

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.


FDC International Hotels  (TPE:2748) 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.


FDC International Hotels Cyclically Adjusted PB Ratio Related Terms

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


FDC International Hotels (TPE:2748) Business Description

Traded in Other Exchanges
N/A
Address
No.66, Wugong Road, 6-7th floor, Xinzhuang District, New Taipei, TWN, 242
FDC International Hotels Corp is mainly in the business of international tourist hotels.

FDC International Hotels (TPE:2748) Headlines

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