Pou Sheng International (Holdings) (HKSE:03813) Cyclically Adjusted PB Ratio : 0.41 (As of May. 27, 2024)

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What is Pou Sheng International (Holdings) Cyclically Adjusted PB Ratio?

As of today (2024-05-27), Pou Sheng International (Holdings)'s current share price is HK$0.67. Pou Sheng International (Holdings)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$1.65. Pou Sheng International (Holdings)'s Cyclically Adjusted PB Ratio for today is 0.41.

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

HKSE:03813' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36 Med: 0.42 Max: 0.6
Current: 0.4

During the past 13 years, Pou Sheng International (Holdings)'s highest Cyclically Adjusted PB Ratio was 0.60. The lowest was 0.36. And the median was 0.42.

HKSE:03813's Cyclically Adjusted PB Ratio is ranked better than
81.09% of 698 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.055 vs HKSE:03813: 0.40

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.

Pou Sheng International (Holdings)'s adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$1.749. 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$1.65 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Pou Sheng International (Holdings) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pou Sheng 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.

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Pou Sheng International (Holdings) Cyclically Adjusted PB Ratio Chart

Pou Sheng International (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.55

1.18

0.73

0.47

0.41

Pou Sheng International (Holdings) Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.47	-	-	0.41	-

Competitive Comparison of Pou Sheng International (Holdings)'s Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, Pou Sheng 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.

Pou Sheng International (Holdings)'s Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Pou Sheng International (Holdings)'s Cyclically Adjusted PB Ratio falls into.

Pou Sheng 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.

Pou Sheng International (Holdings)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.67	/	1.65
	=	0.41

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

For example, Pou Sheng 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)
	=	1.749	/	117.2957	*	117.2957
	=	1.749

Current CPI (Dec23) = 117.2957.

Pou Sheng International (Holdings) Annual Data

	Book Value per Share	CPI	Adj_Book
201412	1.244	99.707	1.463
201512	1.283	102.015	1.475
201612	1.282	103.225	1.457
201712	1.419	104.984	1.585
201812	1.459	107.622	1.590
201912	1.581	110.700	1.675
202012	1.719	109.711	1.838
202112	1.861	112.349	1.943
202212	1.701	114.548	1.742
202312	1.749	117.296	1.749

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.

Pou Sheng International (Holdings) (HKSE:03813) 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.

Pou Sheng International (Holdings) Cyclically Adjusted PB Ratio Related Terms

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Pou Sheng International (Holdings) (HKSE:03813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pou Sheng International (Holdings) Ltd (HKSE:03813) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

P5C:Germany

Address

108 Wai Yip Street, 22nd Floor, C-Bons International Center, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.pousheng.com

Pou Sheng International (Holdings) Ltd is an investment holding company. The principal activities of the Group are the distribution and retailing of sportswear and footwear products, the provision of sports services, and the provision of large-scale commercial spaces to retailers and distributors for commissions from concessionaire sales. The group's operations are mainly located in the PRC.

Executives

Pou Chen Corporation	2201 Interest of corporation controlled by you
Yue Yuen Industrial (holdings) Limited	2201 Interest of corporation controlled by you

Pou Sheng International (Holdings) (HKSE:03813) Headlines

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