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Crystal International Group (HKSE:02232) Cyclically Adjusted PB Ratio : 1.43 (As of Jun. 08, 2024)


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What is Crystal International Group Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Crystal International Group's current share price is HK$3.99. Crystal International Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$2.80. Crystal International Group's Cyclically Adjusted PB Ratio for today is 1.43.

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

HKSE:02232' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 1.09   Max: 1.6
Current: 1.44

During the past 10 years, Crystal International Group's highest Cyclically Adjusted PB Ratio was 1.60. The lowest was 1.00. And the median was 1.09.

HKSE:02232's Cyclically Adjusted PB Ratio is ranked worse than
60.74% of 833 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.04 vs HKSE:02232: 1.44

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.

Crystal International Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$3.927. 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$2.80 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crystal International Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Crystal International Group'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.

Crystal International Group Cyclically Adjusted PB Ratio Chart

Crystal International Group 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 - - - - 1.04

Crystal International Group Semi-Annual Data
Dec14 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 - - - - 1.04

Competitive Comparison of Crystal International Group's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, Crystal International Group'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.


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

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

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



Crystal International Group 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.

Crystal International Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.99/2.8
=1.43

* 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.

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

For example, Crystal International Group'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)
=3.927/117.2957*117.2957
=3.927

Current CPI (Dec23) = 117.2957.

Crystal International Group Annual Data

Book Value per Share CPI Adj_Book
201412 1.480 99.707 1.741
201512 1.457 102.015 1.675
201612 0.838 103.225 0.952
201712 2.494 104.984 2.786
201812 2.704 107.622 2.947
201912 2.977 110.700 3.154
202012 3.164 109.711 3.383
202112 3.523 112.349 3.678
202212 3.661 114.548 3.749
202312 3.927 117.296 3.927

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.


Crystal International Group  (HKSE:02232) 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.


Crystal International Group Cyclically Adjusted PB Ratio Related Terms

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


Crystal International Group (HKSE:02232) Business Description

Traded in Other Exchanges
Address
No. 100 How Ming Street, 5-7th Floor, AXA Tower, Landmark East, Kowloon, Hong Kong, HKG
Crystal International Group Ltd is principally engaged in the manufacturing and trading of garments. Its operating segments include Lifestyle wear, Denim, Intimate, Sweater, Sportswear, and Outdoor Apparel. It generates a majority of its revenue from Lifestyle wear. Geographically, it generates the majority of revenue from the Asia Pacific which includes Japan, China, Hong Kong, and South Korea.
Executives
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Lo Choy Yuk Ching Yvonne 2101 Beneficial owner
Lo Lok Fung Kenneth 2101 Beneficial owner
Schroders Plc 2102 Investment manager

Crystal International Group (HKSE:02232) Headlines

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