GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taekwang Industrial Co Ltd (XKRX:003240) » Definitions » Cyclically Adjusted PB Ratio

Taekwang Industrial Co (XKRX:003240) Cyclically Adjusted PB Ratio : 0.16 (As of Jun. 07, 2024)


View and export this data going back to 1975. Start your Free Trial

What is Taekwang Industrial Co Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Taekwang Industrial Co's current share price is ₩654000.00. Taekwang Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩4,173,810.00. Taekwang Industrial Co's Cyclically Adjusted PB Ratio for today is 0.16.

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

XKRX:003240' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.3   Max: 0.59
Current: 0.16

During the past years, Taekwang Industrial Co's highest Cyclically Adjusted PB Ratio was 0.59. The lowest was 0.14. And the median was 0.30.

XKRX:003240's Cyclically Adjusted PB Ratio is ranked better than
98.75% of 1196 companies
in the Chemicals industry
Industry Median: 1.695 vs XKRX:003240: 0.16

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.

Taekwang Industrial Co's adjusted book value per share data for the three months ended in Mar. 2024 was ₩4,581,823.104. 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 ₩4,173,810.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taekwang Industrial Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Taekwang Industrial Co'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.

Taekwang Industrial Co Cyclically Adjusted PB Ratio Chart

Taekwang Industrial Co 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 0.34 0.24 0.29 0.19 0.15

Taekwang Industrial Co 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 0.18 0.16 0.14 0.15 0.17

Competitive Comparison of Taekwang Industrial Co's Cyclically Adjusted PB Ratio

For the Chemicals subindustry, Taekwang Industrial Co'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.


Taekwang Industrial Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Taekwang Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Taekwang Industrial Co's Cyclically Adjusted PB Ratio falls into.



Taekwang Industrial Co 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.

Taekwang Industrial Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=654000.00/4173810
=0.16

* 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.

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

For example, Taekwang Industrial Co'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)
=4581823.104/118.8477*118.8477
=4,581,823.104

Current CPI (Mar. 2024) = 118.8477.

Taekwang Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2,852,204.728 99.353 3,411,854.417
201409 2,919,691.319 99.608 3,483,641.856
201412 2,949,415.535 99.098 3,537,218.235
201503 2,978,198.599 99.720 3,549,459.022
201506 3,033,861.375 100.050 3,603,872.529
201509 3,053,857.579 100.110 3,625,451.497
201512 3,017,477.659 100.220 3,578,330.469
201603 3,022,402.805 100.560 3,572,052.723
201606 3,033,631.431 100.790 3,577,141.762
201609 3,030,333.639 101.460 3,549,656.842
201612 3,021,104.856 101.560 3,535,361.989
201703 3,090,039.856 102.850 3,570,677.003
201706 3,182,394.815 102.610 3,685,998.482
201709 3,216,687.402 103.490 3,694,037.099
201712 3,215,566.387 102.990 3,710,677.438
201803 3,258,721.090 104.100 3,720,379.505
201806 3,437,195.523 104.130 3,923,007.609
201809 3,551,309.454 105.650 3,994,935.737
201812 3,667,051.750 104.350 4,176,527.707
201903 3,692,474.949 104.490 4,199,848.359
201906 3,768,159.763 104.880 4,269,995.433
201909 3,824,621.205 105.200 4,320,793.095
201912 3,777,150.020 105.120 4,270,410.887
202003 3,826,298.160 105.540 4,308,761.946
202006 3,932,850.264 104.870 4,457,044.039
202009 3,976,580.704 106.200 4,450,164.506
202012 3,984,594.148 105.765 4,477,455.292
202103 4,091,881.555 107.357 4,529,837.882
202106 4,375,337.923 107.579 4,833,664.399
202109 4,524,294.452 108.759 4,943,967.864
202112 4,625,198.656 109.676 5,011,964.491
202203 4,589,871.099 111.806 4,878,956.400
202206 4,553,419.000 114.083 4,743,601.799
202209 4,515,500.381 114.831 4,673,436.899
202212 4,804,975.754 115.200 4,957,112.200
202303 4,941,623.585 116.550 5,039,061.458
202306 4,893,635.859 117.140 4,964,980.903
202309 4,860,446.127 119.111 4,849,693.758
202312 4,689,726.493 118.848 4,689,726.493
202403 4,581,823.104 118.848 4,581,823.104

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.


Taekwang Industrial Co  (XKRX:003240) 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.


Taekwang Industrial Co Cyclically Adjusted PB Ratio Related Terms

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


Taekwang Industrial Co (XKRX:003240) Business Description

Traded in Other Exchanges
N/A
Address
162-1 Jangchung-dong 2-Ga, Jung-gu, Seoul, KOR, 100-392
Taekwang Industrial Co Ltd functions basically in the oil & gas industry in Korea. Its scope of business includes petrochemical products, fibers, and textiles. Its petrochemicals include purified terephthalic acid (PTA), propylene, acrylonitrile, sodium cyanide. The company's fiber products derived from its chemicals include acrylic fibers, nylons, spandex, spun yarns, worsted fabrics, cotton fabrics. Apart from its core business, the company also ventures into property renting and broadcast communication businesses.

Taekwang Industrial Co (XKRX:003240) Headlines

No Headlines