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Yulon Finance (TPE:9941) Cyclically Adjusted PB Ratio : 3.90 (As of Jun. 09, 2024)


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What is Yulon Finance Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Yulon Finance's current share price is NT$149.00. Yulon Finance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$38.20. Yulon Finance's Cyclically Adjusted PB Ratio for today is 3.90.

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

TPE:9941' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.33   Med: 3.97   Max: 6.95
Current: 3.9

During the past years, Yulon Finance's highest Cyclically Adjusted PB Ratio was 6.95. The lowest was 2.33. And the median was 3.97.

TPE:9941's Cyclically Adjusted PB Ratio is ranked worse than
86.58% of 365 companies
in the Credit Services industry
Industry Median: 0.94 vs TPE:9941: 3.90

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.

Yulon Finance's adjusted book value per share data for the three months ended in Mar. 2024 was NT$67.608. 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$38.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yulon Finance Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yulon Finance'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.

Yulon Finance Cyclically Adjusted PB Ratio Chart

Yulon Finance 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 3.39 2.99 5.09 4.52 5.10

Yulon Finance 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 4.97 5.28 5.16 5.10 3.81

Competitive Comparison of Yulon Finance's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, Yulon Finance'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.


Yulon Finance's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yulon Finance's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Yulon Finance 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.

Yulon Finance's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=149.00/38.2
=3.90

* 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.

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

For example, Yulon Finance'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)
=67.608/131.7762*131.7762
=67.608

Current CPI (Mar. 2024) = 131.7762.

Yulon Finance Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.433 100.560 21.534
201409 17.874 100.428 23.453
201412 18.496 99.070 24.602
201503 19.448 99.621 25.725
201506 17.793 100.684 23.288
201509 18.372 100.392 24.116
201512 18.760 99.792 24.773
201603 19.568 100.470 25.665
201606 17.633 101.688 22.850
201609 18.845 101.861 24.380
201612 19.259 101.863 24.915
201703 19.935 102.862 25.539
201706 18.634 103.349 23.759
201709 19.865 104.136 25.138
201712 21.063 104.011 26.686
201803 22.600 105.290 28.285
201806 20.421 106.317 25.311
201809 21.213 106.507 26.246
201812 31.330 105.998 38.949
201903 32.552 107.251 39.996
201906 30.749 108.070 37.494
201909 31.815 108.329 38.701
201912 32.934 108.420 40.029
202003 34.223 108.902 41.412
202006 32.550 108.767 39.436
202009 34.413 109.815 41.295
202012 36.284 109.897 43.508
202103 38.367 111.754 45.241
202106 37.309 114.631 42.889
202109 39.993 115.734 45.536
202112 42.931 117.630 48.094
202203 46.724 121.301 50.759
202206 44.395 125.017 46.795
202209 57.188 125.227 60.179
202212 58.862 125.222 61.943
202303 61.498 127.348 63.637
202306 58.314 128.729 59.695
202309 62.070 129.860 62.986
202312 64.539 129.419 65.714
202403 67.608 131.776 67.608

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.


Yulon Finance  (TPE:9941) 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.


Yulon Finance Cyclically Adjusted PB Ratio Related Terms

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


Yulon Finance (TPE:9941) Business Description

Traded in Other Exchanges
Address
No. 2, Dunhua South Road, Section 2, 15th Floor, Taipei, TWN
Yulon Finance Corp is mainly focused on purchasing of accounts receivable which are related to products such as new cars and used cars.

Yulon Finance (TPE:9941) Headlines

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