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CSG Holding Co (SZSE:000012) Cyclically Adjusted Book per Share : ¥3.43 (As of Mar. 2024)


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What is CSG Holding 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.

CSG Holding Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥4.681. 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 ¥3.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CSG Holding Co's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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 CSG Holding Co was 15.00% per year. The lowest was 4.50% per year. And the median was 9.30% per year.

As of today (2024-05-24), CSG Holding Co's current stock price is ¥5.82. CSG Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥3.43. CSG Holding Co's Cyclically Adjusted PB Ratio of today is 1.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CSG Holding Co was 5.75. The lowest was 1.40. And the median was 2.64.


CSG Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for CSG Holding 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.

CSG Holding Co Cyclically Adjusted Book per Share Chart

CSG Holding 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 2.83 2.92 3.05 3.23 3.38

CSG Holding 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 3.26 3.29 3.36 3.38 3.43

Competitive Comparison of CSG Holding Co's Cyclically Adjusted Book per Share

For the Building Materials subindustry, CSG Holding 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.


CSG Holding Co's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, CSG Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CSG Holding 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, CSG Holding 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)
=4.681/115.2271*115.2271
=4.681

Current CPI (Mar. 2024) = 115.2271.

CSG Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.656 98.200 3.117
201409 2.736 98.900 3.188
201412 2.765 99.000 3.218
201503 2.812 99.900 3.243
201506 2.490 99.500 2.884
201509 2.553 100.500 2.927
201512 2.532 100.600 2.900
201603 2.676 102.200 3.017
201606 2.556 101.400 2.905
201609 2.637 102.400 2.967
201612 2.587 102.600 2.905
201703 2.643 103.200 2.951
201706 2.677 103.100 2.992
201709 2.764 104.100 3.059
201712 2.692 104.500 2.968
201803 2.757 105.300 3.017
201806 2.797 104.900 3.072
201809 2.844 106.600 3.074
201812 2.890 106.500 3.127
201903 2.934 107.700 3.139
201906 3.010 107.700 3.220
201909 3.071 109.800 3.223
201912 3.055 111.200 3.166
202003 3.091 112.300 3.172
202006 3.150 110.400 3.288
202009 3.310 111.700 3.415
202012 3.326 111.500 3.437
202103 3.513 112.662 3.593
202106 3.666 111.769 3.779
202109 3.717 112.215 3.817
202112 3.721 113.108 3.791
202203 3.845 114.335 3.875
202206 3.848 114.558 3.870
202209 4.062 115.339 4.058
202212 4.186 115.116 4.190
202303 4.315 115.116 4.319
202306 4.479 114.558 4.505
202309 4.515 115.339 4.511
202312 4.576 114.781 4.594
202403 4.681 115.227 4.681

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


CSG Holding Co  (SZSE:000012) 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.

CSG Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.82/3.43
=1.70

* 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 CSG Holding Co was 5.75. The lowest was 1.40. And the median was 2.64.


Be Aware

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


CSG Holding Co Cyclically Adjusted Book per Share Related Terms

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


CSG Holding Co (SZSE:000012) Business Description

Traded in Other Exchanges
Address
6th Industrial Road, CSG Building, Number 1, Shekou, Shenzhen, CHN, 518067
CSG Holding Co Ltd produces and sells glass products. The company's operating segment includes Flat glass; Solar energy; Electronic glass and displays and others. It generates maximum revenue from the Flat glass segment. The flat glass segment is engaged in production and sales of float glass and engineering glass and the silica for the production thereof. Its glass products include Float Glass; Ultra-clear Float Glass; Solar Patterned Low Iron Glass and AR Coating Solar Glass. Geographically, it derives revenue from Mainland China.
Executives
Pan Yong Hong Directors, executives
Yan Wen Dou Supervisors
Li Tao Securities Affairs Representative
Ding Jiu Ru Executives
Wang Tian Guang Director
Wu Guo Bin Directors, executives
Lu Wen Hui Executives
Ke Han Qi Executives
Ceng Nan Directors, executives
Luo You Ming Executives
Zhang Fan Executives
Zhao Xi Jun Supervisors
Zhang Li Qing Director

CSG Holding Co (SZSE:000012) Headlines

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