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China Life Insurance Co (BUE:LFCHY) Cyclically Adjusted Book per Share : ARS0.00 (As of Mar. 2024)


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What is China Life Insurance Co Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

China Life Insurance Co's adjusted book value per share for the three months ended in Mar. 2024 was ARS4,971.074. 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 ARS0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Life Insurance Co's average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of China Life Insurance Co was 8.50% per year. The lowest was 6.90% per year. And the median was 8.10% per year.

As of today (2024-05-27), China Life Insurance Co's current stock price is ARS1074.50. China Life Insurance Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS0.00. China Life Insurance Co's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of China Life Insurance Co was 5.13. The lowest was 1.85. And the median was 2.73.


China Life Insurance Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for China Life Insurance Co's Cyclically Adjusted Book per Share 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.

China Life Insurance Co Cyclically Adjusted Book per Share Chart

China Life Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.84 76.56 350.67 384.70 -

China Life Insurance 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 Book per Share 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 - - - - -

Competitive Comparison of China Life Insurance Co's Cyclically Adjusted Book per Share

For the Insurance - Life subindustry, China Life Insurance 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.


China Life Insurance Co's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, China Life Insurance Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Life Insurance Co's Cyclically Adjusted PB Ratio falls into.



China Life Insurance Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, China Life Insurance 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)
=4971.074/115.2271*115.2271
=4,971.074

Current CPI (Mar. 2024) = 115.2271.

China Life Insurance Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 27.750 98.200 32.562
201409 31.287 98.900 36.452
201412 34.723 99.000 40.414
201503 37.773 99.900 43.568
201506 40.274 99.500 46.640
201509 39.023 100.500 44.741
201512 57.247 100.600 65.571
201603 62.479 102.200 70.443
201606 56.850 101.400 64.602
201609 61.115 102.400 68.771
201612 61.522 102.600 69.094
201703 61.137 103.200 68.262
201706 66.118 103.100 73.895
201709 76.164 104.100 84.305
201712 82.212 104.500 90.651
201803 94.601 105.300 103.519
201806 110.212 104.900 121.062
201809 156.869 106.600 169.564
201812 154.243 106.500 166.882
201903 187.690 107.700 200.808
201906 211.083 107.700 225.835
201909 270.326 109.800 283.687
201912 304.358 111.200 315.380
202003 323.523 112.300 331.956
202006 355.628 110.400 371.177
202009 402.537 111.700 415.248
202012 495.391 111.500 511.950
202103 572.392 112.662 585.427
202106 614.814 111.769 633.835
202109 630.706 112.215 647.633
202112 671.850 113.108 684.439
202203 696.203 114.335 701.637
202206 762.800 114.558 767.257
202209 793.913 115.339 793.145
202212 927.715 115.116 928.614
202303 1,168.861 115.116 1,169.993
202306 1,332.001 114.558 1,339.783
202309 1,874.154 115.339 1,872.341
202312 2,057.564 114.781 2,065.563
202403 4,971.074 115.227 4,971.074

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


China Life Insurance Co  (BUE:LFCHY) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of China Life Insurance Co was 5.13. The lowest was 1.85. And the median was 2.73.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


China Life Insurance Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of China Life Insurance Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


China Life Insurance Co (BUE:LFCHY) Business Description

Address
No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033
With headquarters in Beijing and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.

China Life Insurance Co (BUE:LFCHY) Headlines