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CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Cyclically Adjusted PB Ratio : 3.86 (As of Jun. 01, 2024)


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What is CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PB Ratio?

As of today (2024-06-01), CSSC Offshore & Marine Engineering (Group) Co's current share price is €1.70. CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €0.44. CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio for today is 3.86.

The historical rank and industry rank for CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:GSZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 3.07   Max: 14.84
Current: 2.93

During the past years, CSSC Offshore & Marine Engineering (Group) Co's highest Cyclically Adjusted PB Ratio was 14.84. The lowest was 1.31. And the median was 3.07.

FRA:GSZ's Cyclically Adjusted PB Ratio is ranked worse than
59.71% of 206 companies
in the Aerospace & Defense industry
Industry Median: 2.38 vs FRA:GSZ: 2.93

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.

CSSC Offshore & Marine Engineering (Group) Co's adjusted book value per share data for the three months ended in Mar. 2024 was €1.597. 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 €0.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PB Ratio Chart

CSSC Offshore & Marine Engineering (Group) 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 1.98 3.43 2.86 2.42 2.86

CSSC Offshore & Marine Engineering (Group) 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 2.83 3.44 2.64 2.86 2.85

Competitive Comparison of CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, CSSC Offshore & Marine Engineering (Group) 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.


CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio falls into.



CSSC Offshore & Marine Engineering (Group) 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.

CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.70/0.44
=3.86

* 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.

CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, CSSC Offshore & Marine Engineering (Group) 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)
=1.597/115.2271*115.2271
=1.597

Current CPI (Mar. 2024) = 115.2271.

CSSC Offshore & Marine Engineering (Group) Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.592 98.200 0.695
201409 0.593 98.900 0.691
201412 1.102 99.000 1.283
201503 1.051 99.900 1.212
201506 0.987 99.500 1.143
201509 0.919 100.500 1.054
201512 1.039 100.600 1.190
201603 1.008 102.200 1.136
201606 0.986 101.400 1.120
201609 0.972 102.400 1.094
201612 1.003 102.600 1.126
201703 0.995 103.200 1.111
201706 0.959 103.100 1.072
201709 0.916 104.100 1.014
201712 0.979 104.500 1.079
201803 1.057 105.300 1.157
201806 1.060 104.900 1.164
201809 0.976 106.600 1.055
201812 0.879 106.500 0.951
201903 0.888 107.700 0.950
201906 0.919 107.700 0.983
201909 0.872 109.800 0.915
201912 0.921 111.200 0.954
202003 1.169 112.300 1.199
202006 1.189 110.400 1.241
202009 1.216 111.700 1.254
202012 1.283 111.500 1.326
202103 1.288 112.662 1.317
202106 1.278 111.769 1.318
202109 1.444 112.215 1.483
202112 1.526 113.108 1.555
202203 1.446 114.335 1.457
202206 1.439 114.558 1.447
202209 1.525 115.339 1.524
202212 1.493 115.116 1.494
202303 1.474 115.116 1.475
202306 1.545 114.558 1.554
202309 1.470 115.339 1.469
202312 1.492 114.781 1.498
202403 1.597 115.227 1.597

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.


CSSC Offshore & Marine Engineering (Group) Co  (FRA:GSZ) 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.


CSSC Offshore & Marine Engineering (Group) Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of CSSC Offshore & Marine Engineering (Group) Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Business Description

Traded in Other Exchanges
Address
No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250
CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (FRA:GSZ) Headlines

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