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Shanghai Jin Jiang Online Network Service Co (SHSE:900914) Cyclically Adjusted PB Ratio : 0.93 (As of Jun. 09, 2024)


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What is Shanghai Jin Jiang Online Network Service Co Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Shanghai Jin Jiang Online Network Service Co's current share price is $0.362. Shanghai Jin Jiang Online Network Service Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $0.39. Shanghai Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio for today is 0.93.

The historical rank and industry rank for Shanghai Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SHSE:900914' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.11   Med: 2.09   Max: 12.21
Current: 1.15

During the past years, Shanghai Jin Jiang Online Network Service Co's highest Cyclically Adjusted PB Ratio was 12.21. The lowest was 1.11. And the median was 2.09.

SHSE:900914's Cyclically Adjusted PB Ratio is ranked better than
51.59% of 723 companies
in the Transportation industry
Industry Median: 1.25 vs SHSE:900914: 1.15

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 Jin Jiang Online Network Service Co's adjusted book value per share data for the three months ended in Mar. 2024 was $0.983. 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 $0.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shanghai Jin Jiang Online Network Service Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Shanghai Jin Jiang Online Network Service 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 Jin Jiang Online Network Service Co Cyclically Adjusted PB Ratio Chart

Shanghai Jin Jiang Online Network Service 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 1.86 1.60 1.62 1.73 1.48

Shanghai Jin Jiang Online Network Service 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 1.64 1.51 1.47 1.48 1.21

Competitive Comparison of Shanghai Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio

For the Trucking subindustry, Shanghai Jin Jiang Online Network Service 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 Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Shanghai Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio falls into.



Shanghai Jin Jiang Online Network Service 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 Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.362/0.39
=0.93

* 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 Jin Jiang Online Network Service Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Shanghai Jin Jiang Online Network Service 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)
=0.983/115.2271*115.2271
=0.983

Current CPI (Mar. 2024) = 115.2271.

Shanghai Jin Jiang Online Network Service Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.633 98.200 0.743
201409 0.664 98.900 0.774
201412 0.681 99.000 0.793
201503 0.690 99.900 0.796
201506 1.128 99.500 1.306
201509 0.897 100.500 1.028
201512 0.978 100.600 1.120
201603 0.923 102.200 1.041
201606 0.869 101.400 0.987
201609 0.855 102.400 0.962
201612 0.852 102.600 0.957
201703 0.872 103.200 0.974
201706 0.889 103.100 0.994
201709 0.951 104.100 1.053
201712 0.924 104.500 1.019
201803 0.967 105.300 1.058
201806 0.898 104.900 0.986
201809 0.863 106.600 0.933
201812 0.853 106.500 0.923
201903 0.953 107.700 1.020
201906 0.892 107.700 0.954
201909 0.868 109.800 0.911
201912 0.908 111.200 0.941
202003 0.890 112.300 0.913
202006 0.860 110.400 0.898
202009 0.910 111.700 0.939
202012 0.982 111.500 1.015
202103 0.984 112.662 1.006
202106 0.992 111.769 1.023
202109 0.988 112.215 1.015
202112 1.013 113.108 1.032
202203 1.152 114.335 1.161
202206 1.058 114.558 1.064
202209 0.995 115.339 0.994
202212 1.002 115.116 1.003
202303 1.027 115.116 1.028
202306 0.960 114.558 0.966
202309 0.959 115.339 0.958
202312 0.991 114.781 0.995
202403 0.983 115.227 0.983

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 Jin Jiang Online Network Service Co  (SHSE:900914) 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 Jin Jiang Online Network Service Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Shanghai Jin Jiang Online Network Service Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Shanghai Jin Jiang Online Network Service Co (SHSE:900914) Business Description

Traded in Other Exchanges
Address
No. 1 Pudong Avenue, Shanghai Pilot Free Trade Zone, Shanghai, CHN, 200002
Shanghai Jin Jiang Online Network Service Co Ltd, formerly Shanghai Jin Jiang International Industrial Investment Co Ltd is principally engaged in passenger transportation services, automobile sales, and low-temperature logistics services.

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