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China Shenhua Energy Co (HKSE:01088) Cyclically Adjusted PB Ratio : 2.74 (As of Jun. 06, 2024)


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What is China Shenhua Energy Co Cyclically Adjusted PB Ratio?

As of today (2024-06-06), China Shenhua Energy Co's current share price is HK$39.25. China Shenhua Energy Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was HK$14.30. China Shenhua Energy Co's Cyclically Adjusted PB Ratio for today is 2.74.

The historical rank and industry rank for China Shenhua Energy Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:01088' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.39   Max: 2.35
Current: 2.35

During the past years, China Shenhua Energy Co's highest Cyclically Adjusted PB Ratio was 2.35. The lowest was 0.93. And the median was 1.39.

HKSE:01088's Cyclically Adjusted PB Ratio is ranked worse than
69.78% of 139 companies
in the Other Energy Sources industry
Industry Median: 1.59 vs HKSE:01088: 2.35

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 Shenhua Energy Co's adjusted book value per share data for the three months ended in Mar. 2024 was HK$23.312. 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 HK$14.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Shenhua Energy Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for China Shenhua Energy 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.

China Shenhua Energy Co Cyclically Adjusted PB Ratio Chart

China Shenhua Energy 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 1.18 1.12 1.34 1.57 1.74

China Shenhua Energy 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 1.59 1.73 1.74 1.74 2.15

Competitive Comparison of China Shenhua Energy Co's Cyclically Adjusted PB Ratio

For the Thermal Coal subindustry, China Shenhua Energy 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 Shenhua Energy Co's Cyclically Adjusted PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, China Shenhua Energy Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



China Shenhua Energy 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.

China Shenhua Energy Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.25/14.3
=2.74

* 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.

China Shenhua Energy Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, China Shenhua Energy 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)
=23.312/115.2271*115.2271
=23.312

Current CPI (Mar. 2024) = 115.2271.

China Shenhua Energy Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.357 98.200 20.367
201409 18.141 98.900 21.136
201412 18.599 99.000 21.648
201503 18.631 99.900 21.489
201506 18.233 99.500 21.115
201509 18.092 100.500 20.743
201512 17.692 100.600 20.264
201603 17.867 102.200 20.144
201606 17.631 101.400 20.035
201609 17.878 102.400 20.117
201612 17.608 102.600 19.775
201703 18.441 103.200 20.590
201706 16.127 103.100 18.024
201709 17.475 104.100 19.343
201712 17.962 104.500 19.806
201803 19.574 105.300 21.419
201806 18.805 104.900 20.656
201809 18.445 106.600 19.938
201812 18.719 106.500 20.253
201903 20.033 107.700 21.433
201906 19.102 107.700 20.437
201909 19.210 109.800 20.159
201912 19.689 111.200 20.402
202003 20.129 112.300 20.654
202006 19.117 110.400 19.953
202009 20.491 111.700 21.138
202012 21.467 111.500 22.185
202103 22.340 112.662 22.849
202106 21.352 111.769 22.013
202109 22.238 112.215 22.835
202112 23.215 113.108 23.650
202203 24.636 114.335 24.828
202206 21.792 114.558 21.919
202209 21.946 115.339 21.925
202212 22.139 115.116 22.160
202303 23.812 115.116 23.835
202306 20.970 114.558 21.093
202309 21.426 115.339 21.405
202312 22.499 114.781 22.586
202403 23.312 115.227 23.312

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.


China Shenhua Energy Co  (HKSE:01088) 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.


China Shenhua Energy Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of China Shenhua Energy Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


China Shenhua Energy Co (HKSE:01088) Business Description

Traded in Other Exchanges
Address
No. 22, Andingmen Xibinhe Road, Dongcheng District, Beijing, CHN, 100011
China Shenhua Energy Co Ltd is a globally-leading integrated coal-based energy company, mainly engaging in seven business segments, namely coal, electricity, new energy, coal-to-chemicals, railway, port handling, and shipping. Focusing on its core coal mining operation, China Shenhua leverages its self-developed transportation and sales network as well as downstream power plants, coal-to-chemicals facilities and new energy projects to achieve cross-sector and cross-industry integrated development and operation.
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you

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