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Guangdong Yantang Dairy Co (SZSE:002732) Cyclically Adjusted Book per Share : ¥6.61 (As of Mar. 2024)


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What is Guangdong Yantang Dairy 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.

Guangdong Yantang Dairy Co's adjusted book value per share for the three months ended in Mar. 2024 was ¥8.972. 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 ¥6.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Guangdong Yantang Dairy Co's average Cyclically Adjusted Book Growth Rate was 5.30% 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.

As of today (2024-06-10), Guangdong Yantang Dairy Co's current stock price is ¥15.22. Guangdong Yantang Dairy Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥6.61. Guangdong Yantang Dairy Co's Cyclically Adjusted PB Ratio of today is 2.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Guangdong Yantang Dairy Co was 3.97. The lowest was 2.30. And the median was 3.16.


Guangdong Yantang Dairy Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Guangdong Yantang Dairy 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.

Guangdong Yantang Dairy Co Cyclically Adjusted Book per Share Chart

Guangdong Yantang Dairy 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 - - - 6.14 6.52

Guangdong Yantang Dairy 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 6.28 6.31 6.41 6.52 6.61

Competitive Comparison of Guangdong Yantang Dairy Co's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Guangdong Yantang Dairy 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.


Guangdong Yantang Dairy Co's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guangdong Yantang Dairy Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guangdong Yantang Dairy Co's Cyclically Adjusted PB Ratio falls into.



Guangdong Yantang Dairy 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, Guangdong Yantang Dairy 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)
=8.972/115.2271*115.2271
=8.972

Current CPI (Mar. 2024) = 115.2271.

Guangdong Yantang Dairy Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.370 98.200 2.781
201409 2.295 98.900 2.674
201412 4.581 99.000 5.332
201503 4.651 99.900 5.365
201506 4.673 99.500 5.412
201509 4.894 100.500 5.611
201512 4.992 100.600 5.718
201603 5.049 102.200 5.693
201606 5.051 101.400 5.740
201609 5.312 102.400 5.977
201612 5.416 102.600 6.083
201703 5.493 103.200 6.133
201706 5.649 103.100 6.313
201709 5.940 104.100 6.575
201712 6.034 104.500 6.653
201803 6.094 105.300 6.669
201806 5.703 104.900 6.264
201809 5.845 106.600 6.318
201812 5.702 106.500 6.169
201903 5.771 107.700 6.174
201906 6.024 107.700 6.445
201909 6.305 109.800 6.617
201912 6.389 111.200 6.620
202003 6.395 112.300 6.562
202006 6.371 110.400 6.650
202009 6.600 111.700 6.808
202012 6.656 111.500 6.878
202103 6.867 112.662 7.023
202106 7.209 111.769 7.432
202109 7.504 112.215 7.705
202112 7.509 113.108 7.650
202203 7.635 114.335 7.695
202206 7.676 114.558 7.721
202209 7.842 115.339 7.834
202212 7.923 115.116 7.931
202303 8.120 115.116 8.128
202306 8.348 114.558 8.397
202309 8.632 115.339 8.624
202312 8.869 114.781 8.903
202403 8.972 115.227 8.972

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


Guangdong Yantang Dairy Co  (SZSE:002732) 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.

Guangdong Yantang Dairy Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.22/6.61
=2.30

* 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 Guangdong Yantang Dairy Co was 3.97. The lowest was 2.30. And the median was 3.16.


Be Aware

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


Guangdong Yantang Dairy Co Cyclically Adjusted Book per Share Related Terms

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


Guangdong Yantang Dairy Co (SZSE:002732) Business Description

Traded in Other Exchanges
N/A
Address
Shahe Yantang, Tianhe District, Guangzhou, CHN, 510507
Guangdong Yantang Dairy Co Ltd is a dairy producer. The company along with its subsidiaries covers forage planting, dairy farming, food research and development, logistics, transportation, marketing, e-commerce and other fields.
Executives
Wu Cheng Yun Executives
Xie Li Min Director
Li Chun Feng Directors, executives
Feng Li Ke Directors, executives
Huang Xuan Director
Yu Bao Ning Executives
Liu Shi Kun Executives
Xie Yong Director
Wu Shu Rong Directors, executives
Chen Chen Supervisors

Guangdong Yantang Dairy Co (SZSE:002732) Headlines

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