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Miko International Holdings (HKSE:01247) Cyclically Adjusted PB Ratio : 0.18 (As of May. 28, 2024)


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What is Miko International Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Miko International Holdings's current share price is HK$1.26. Miko International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$6.88. Miko International Holdings's Cyclically Adjusted PB Ratio for today is 0.18.

The historical rank and industry rank for Miko International Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:01247' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.09   Max: 0.21
Current: 0.18

During the past 12 years, Miko International Holdings's highest Cyclically Adjusted PB Ratio was 0.21. The lowest was 0.04. And the median was 0.09.

HKSE:01247's Cyclically Adjusted PB Ratio is ranked better than
93.7% of 698 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.055 vs HKSE:01247: 0.18

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.

Miko International Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$1.045. 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$6.88 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Miko International Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Miko International Holdings'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.

Miko International Holdings Cyclically Adjusted PB Ratio Chart

Miko International Holdings 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 - - 0.06 0.08 0.18

Miko International Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.06 - 0.08 - 0.18

Competitive Comparison of Miko International Holdings's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, Miko International Holdings'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.


Miko International Holdings's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Miko International Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Miko International Holdings's Cyclically Adjusted PB Ratio falls into.



Miko International Holdings 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.

Miko International Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.26/6.88
=0.18

* 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.

Miko International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Miko International Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.045/114.7809*114.7809
=1.045

Current CPI (Dec23) = 114.7809.

Miko International Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 14.068 99.000 16.310
201512 13.757 100.600 15.696
201612 10.862 102.600 12.152
201712 9.459 104.500 10.390
201812 5.550 106.500 5.982
201912 2.619 111.200 2.703
202012 1.866 111.500 1.921
202112 1.433 113.108 1.454
202212 1.110 115.116 1.107
202312 1.045 114.781 1.045

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.


Miko International Holdings  (HKSE:01247) 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.


Miko International Holdings Cyclically Adjusted PB Ratio Related Terms

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


Miko International Holdings (HKSE:01247) Business Description

Traded in Other Exchanges
N/A
Address
No. 168, Chong Rong Street, Economic Technology Development Zone, Hongbaber Industrial Park, Fujian Province, Quanzhou, CHN, 362000
Miko International Holdings Ltd along with its subsidiaries is principally engaged in the business of design, manufacture, and sales of children's apparel products. The business operates in two segments namely manufacture and wholesale of children's apparel products and retail outlets of children's apparel products. The wholesaler segment generates maximum revenue for the company. All of its revenue is generated from Mainland China.
Executives
Chen Hsin Fu 2201 Interest of corporation controlled by you
Goldrun Limited 2101 Beneficial owner
Ding Peiji 2201 Interest of corporation controlled by you
Ding Peiji 2101 Beneficial owner
Ding Peiyuan 2201 Interest of corporation controlled by you
Ding Lizhen 2101 Beneficial owner
Think Wise Holdings Investment Limited 2101 Beneficial owner

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