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China Vanke Co (China Vanke Co) Cyclically Adjusted Book per Share : $1.13 (As of Mar. 2024)


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What is China Vanke Co Cyclically Adjusted Book per Share?

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 Vanke Co's adjusted book value per share for the three months ended in Mar. 2024 was $2.917. 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 $1.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Vanke Co's average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 16.30% 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 Vanke Co was 27.50% per year. The lowest was 12.80% per year. And the median was 18.90% per year.

As of today (2024-05-24), China Vanke Co's current stock price is $0.87315. China Vanke Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $1.13. China Vanke Co's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of China Vanke Co was 6.07. The lowest was 0.44. And the median was 2.99.


China Vanke Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for China Vanke 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 Vanke Co Cyclically Adjusted Book per Share Chart

China Vanke 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 - - 1.42 1.46 1.31

China Vanke 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 1.48 1.64 1.16 1.31 1.13

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

For the Real Estate - Development subindustry, China Vanke 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 Vanke Co's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Vanke Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



China Vanke 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 Vanke 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)
=2.917/115.2271*115.2271
=2.917

Current CPI (Mar. 2024) = 115.2271.

China Vanke Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.120 98.200 1.314
201409 1.161 98.900 1.353
201412 1.291 99.000 1.503
201503 1.290 99.900 1.488
201506 1.273 99.500 1.474
201509 1.264 100.500 1.449
201512 1.406 100.600 1.610
201603 1.402 102.200 1.581
201606 1.340 101.400 1.523
201609 1.364 102.400 1.535
201612 1.485 102.600 1.668
201703 1.498 103.200 1.673
201706 1.499 103.100 1.675
201709 1.605 104.100 1.777
201712 1.823 104.500 2.010
201803 1.953 105.300 2.137
201806 1.890 104.900 2.076
201809 1.850 106.600 2.000
201812 2.050 106.500 2.218
201903 2.077 107.700 2.222
201906 2.065 107.700 2.209
201909 2.081 109.800 2.184
201912 2.372 111.200 2.458
202003 2.313 112.300 2.373
202006 2.378 110.400 2.482
202009 2.562 111.700 2.643
202012 2.955 111.500 3.054
202103 2.984 112.662 3.052
202106 2.972 111.769 3.064
202109 3.033 112.215 3.114
202112 3.187 113.108 3.247
202203 3.211 114.335 3.236
202206 3.009 114.558 3.027
202209 2.953 115.339 2.950
202212 3.001 115.116 3.004
202303 2.992 115.116 2.995
202306 2.918 114.558 2.935
202309 2.905 115.339 2.902
202312 2.944 114.781 2.955
202403 2.917 115.227 2.917

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


China Vanke Co  (OTCPK:CHVKF) 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.

China Vanke Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.87315/1.13
=0.77

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of China Vanke Co was 6.07. The lowest was 0.44. And the median was 2.99.


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 Vanke Co Cyclically Adjusted Book per Share Related Terms

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


China Vanke Co (China Vanke Co) Business Description

Industry
Address
Vanke Center, No. 33 Huanmei Road, Dameisha, Yantian District, Shenzhen, CHN, 518083
China Vanke is a large real estate developer in China with residential property sales among the top three of all peers through the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with a 27.2% stake.

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