GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Shanghai Runda Medical Technology Co Ltd (SHSE:603108) » Definitions » Cyclically Adjusted PB Ratio

Shanghai Runda Medical Technology Co (SHSE:603108) Cyclically Adjusted PB Ratio : 3.30 (As of Jun. 07, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Shanghai Runda Medical Technology Co Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Shanghai Runda Medical Technology Co's current share price is ¥15.33. Shanghai Runda Medical Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥4.64. Shanghai Runda Medical Technology Co's Cyclically Adjusted PB Ratio for today is 3.30.

The historical rank and industry rank for Shanghai Runda Medical Technology Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:603108' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.82   Med: 3.79   Max: 5.71
Current: 3.5

During the past years, Shanghai Runda Medical Technology Co's highest Cyclically Adjusted PB Ratio was 5.71. The lowest was 2.82. And the median was 3.79.

SHSE:603108's Cyclically Adjusted PB Ratio is ranked worse than
72.59% of 135 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.01 vs SHSE:603108: 3.50

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.

Shanghai Runda Medical Technology Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥7.220. 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 ¥4.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Runda Medical Technology Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shanghai Runda Medical Technology 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.

Shanghai Runda Medical Technology Co Cyclically Adjusted PB Ratio Chart

Shanghai Runda Medical Technology 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 - - - - 4.47

Shanghai Runda Medical Technology 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 3.84 4.39 3.36 4.47 4.55

Competitive Comparison of Shanghai Runda Medical Technology Co's Cyclically Adjusted PB Ratio

For the Diagnostics & Research subindustry, Shanghai Runda Medical Technology 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.


Shanghai Runda Medical Technology Co's Cyclically Adjusted PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Shanghai Runda Medical Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Runda Medical Technology Co's Cyclically Adjusted PB Ratio falls into.



Shanghai Runda Medical Technology 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.

Shanghai Runda Medical Technology Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.33/4.64
=3.30

* 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.

Shanghai Runda Medical Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shanghai Runda Medical Technology 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)
=7.22/115.2271*115.2271
=7.220

Current CPI (Mar. 2024) = 115.2271.

Shanghai Runda Medical Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.121 98.200 1.315
201409 0.000 98.900 0.000
201412 0.935 99.000 1.088
201503 0.953 99.900 1.099
201506 1.707 99.500 1.977
201509 1.758 100.500 2.016
201512 1.818 100.600 2.082
201603 1.849 102.200 2.085
201606 1.876 101.400 2.132
201609 1.708 102.400 1.922
201612 3.653 102.600 4.103
201703 3.711 103.200 4.143
201706 3.730 103.100 4.169
201709 3.860 104.100 4.273
201712 3.946 104.500 4.351
201803 4.044 105.300 4.425
201806 4.120 104.900 4.526
201809 4.290 106.600 4.637
201812 4.413 106.500 4.775
201903 4.529 107.700 4.846
201906 4.617 107.700 4.940
201909 4.732 109.800 4.966
201912 4.760 111.200 4.932
202003 4.817 112.300 4.943
202006 5.145 110.400 5.370
202009 5.362 111.700 5.531
202012 5.528 111.500 5.713
202103 5.686 112.662 5.815
202106 5.771 111.769 5.950
202109 5.875 112.215 6.033
202112 5.975 113.108 6.087
202203 6.046 114.335 6.093
202206 6.246 114.558 6.282
202209 6.499 115.339 6.493
202212 6.709 115.116 6.715
202303 6.850 115.116 6.857
202306 6.854 114.558 6.894
202309 7.042 115.339 7.035
202312 7.167 114.781 7.195
202403 7.220 115.227 7.220

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.


Shanghai Runda Medical Technology Co  (SHSE:603108) 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.


Shanghai Runda Medical Technology Co Cyclically Adjusted PB Ratio Related Terms

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


Shanghai Runda Medical Technology Co (SHSE:603108) Business Description

Traded in Other Exchanges
N/A
Address
Orient International Science & Technology Mansion, Room D-I, 15th Floor, 58 Xiangcheng Road, Pudong District, Shanghai, CHN, 200122
Shanghai Runda Medical Technology Co Ltd is a medical laboratory integrated service provider based in East China. The company provides in-vitro diagnostic products and professional technical support to various medical laboratories.
Executives
Liu Hui Directors, senior managers
Chen Zheng Directors, senior managers
Lu Xiao Yan senior management
Hu Zhen Ning Director
Wei Ming Supervisors
Tong Wen Bin Director
Xu Jing Zhi Director

Shanghai Runda Medical Technology Co (SHSE:603108) Headlines

No Headlines