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Geo Jade Petroleum (SHSE:600759) Cyclically Adjusted PB Ratio : 1.10 (As of Jun. 09, 2024)


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What is Geo Jade Petroleum Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Geo Jade Petroleum's current share price is ¥2.53. Geo Jade Petroleum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.29. Geo Jade Petroleum's Cyclically Adjusted PB Ratio for today is 1.10.

The historical rank and industry rank for Geo Jade Petroleum's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:600759' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.92   Max: 16.72
Current: 1.11

During the past years, Geo Jade Petroleum's highest Cyclically Adjusted PB Ratio was 16.72. The lowest was 0.72. And the median was 1.92.

SHSE:600759's Cyclically Adjusted PB Ratio is ranked worse than
57.75% of 826 companies
in the Oil & Gas industry
Industry Median: 1.025 vs SHSE:600759: 1.11

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.

Geo Jade Petroleum's adjusted book value per share data for the three months ended in Mar. 2024 was ¥1.947. 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 ¥2.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Geo Jade Petroleum Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Geo Jade Petroleum'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.

Geo Jade Petroleum Cyclically Adjusted PB Ratio Chart

Geo Jade Petroleum 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 1.37 0.84 1.27 0.95 1.09

Geo Jade Petroleum 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 0.98 1.12 1.12 1.09 1.18

Competitive Comparison of Geo Jade Petroleum's Cyclically Adjusted PB Ratio

For the Oil & Gas E&P subindustry, Geo Jade Petroleum'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.


Geo Jade Petroleum's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Geo Jade Petroleum's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Geo Jade Petroleum's Cyclically Adjusted PB Ratio falls into.



Geo Jade Petroleum 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.

Geo Jade Petroleum's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.53/2.29
=1.10

* 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.

Geo Jade Petroleum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Geo Jade Petroleum'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)
=1.947/115.2271*115.2271
=1.947

Current CPI (Mar. 2024) = 115.2271.

Geo Jade Petroleum Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.421 98.200 1.667
201409 0.991 98.900 1.155
201412 2.373 99.000 2.762
201503 2.369 99.900 2.732
201506 2.397 99.500 2.776
201509 2.155 100.500 2.471
201512 2.315 100.600 2.652
201603 2.257 102.200 2.545
201606 2.277 101.400 2.587
201609 2.303 102.400 2.591
201612 2.466 102.600 2.769
201703 2.410 103.200 2.691
201706 2.290 103.100 2.559
201709 2.349 104.100 2.600
201712 2.258 104.500 2.490
201803 2.278 105.300 2.493
201806 2.297 104.900 2.523
201809 2.330 106.600 2.519
201812 2.330 106.500 2.521
201903 2.309 107.700 2.470
201906 2.332 107.700 2.495
201909 2.371 109.800 2.488
201912 2.370 111.200 2.456
202003 2.367 112.300 2.429
202006 2.309 110.400 2.410
202009 2.273 111.700 2.345
202012 2.340 111.500 2.418
202103 2.330 112.662 2.383
202106 2.332 111.769 2.404
202109 2.233 112.215 2.293
202112 1.897 113.108 1.933
202203 1.919 114.335 1.934
202206 2.021 114.558 2.033
202209 2.099 115.339 2.097
202212 1.689 115.116 1.691
202303 1.634 115.116 1.636
202306 1.722 114.558 1.732
202309 0.954 115.339 0.953
202312 1.916 114.781 1.923
202403 1.947 115.227 1.947

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.


Geo Jade Petroleum  (SHSE:600759) 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.


Geo Jade Petroleum Cyclically Adjusted PB Ratio Related Terms

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


Geo Jade Petroleum (SHSE:600759) Business Description

Traded in Other Exchanges
N/A
Address
26 Xiayun Road, Eagle building, Abloack level3 (3A), Chaoyang District, Beijing, CHN
Geo Jade Petroleum Corp is a China-based oil and gas exploration and development company. Its projects include Maten Petroleum, KoZhaN JSC, North Caspian Petroleum and Sozak Oil and Gas. In addition, the company is also involved in the investment management business.
Executives
Zhang Shi Ming Director
Guo Yi Director
Wang Wen Tao Director
Liu Jian Feng senior management
Lang Ying Director
Liao Yong Supervisors
Tan Xuan senior management
Huang Jie Supervisors
Yu Yang Supervisors
He Xi senior management
Hu Hui Ping senior management
Chen Xue Yun senior management
Qu Ning senior management
Wu Guang Da Supervisors
Fan Hui senior management

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