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Sichuan Lutianhua Co (SZSE:000912) Cyclically Adjusted PB Ratio : 1.61 (As of Jun. 10, 2024)


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What is Sichuan Lutianhua Co Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Sichuan Lutianhua Co's current share price is ¥3.75. Sichuan Lutianhua Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ¥2.33. Sichuan Lutianhua Co's Cyclically Adjusted PB Ratio for today is 1.61.

The historical rank and industry rank for Sichuan Lutianhua Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

SZSE:000912' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.88   Max: 4.28
Current: 1.61

During the past years, Sichuan Lutianhua Co's highest Cyclically Adjusted PB Ratio was 4.28. The lowest was 0.93. And the median was 1.88.

SZSE:000912's Cyclically Adjusted PB Ratio is ranked worse than
51.03% of 194 companies
in the Agriculture industry
Industry Median: 1.555 vs SZSE:000912: 1.61

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.

Sichuan Lutianhua Co's adjusted book value per share data for the three months ended in Mar. 2024 was ¥4.101. 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 ¥2.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sichuan Lutianhua Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sichuan Lutianhua 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.

Sichuan Lutianhua Co Cyclically Adjusted PB Ratio Chart

Sichuan Lutianhua 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 1.83 1.61 2.61 2.01 2.01

Sichuan Lutianhua 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 2.02 1.98 1.85 2.01 1.79

Competitive Comparison of Sichuan Lutianhua Co's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, Sichuan Lutianhua 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.


Sichuan Lutianhua Co's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sichuan Lutianhua Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sichuan Lutianhua Co's Cyclically Adjusted PB Ratio falls into.



Sichuan Lutianhua 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.

Sichuan Lutianhua Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.75/2.33
=1.61

* 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.

Sichuan Lutianhua Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sichuan Lutianhua 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)
=4.101/115.2271*115.2271
=4.101

Current CPI (Mar. 2024) = 115.2271.

Sichuan Lutianhua Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.938 98.200 3.447
201409 2.660 98.900 3.099
201412 1.292 99.000 1.504
201503 1.217 99.900 1.404
201506 1.209 99.500 1.400
201509 1.255 100.500 1.439
201512 1.273 100.600 1.458
201603 1.211 102.200 1.365
201606 0.970 101.400 1.102
201609 0.643 102.400 0.724
201612 0.198 102.600 0.222
201703 0.206 103.200 0.230
201706 0.136 103.100 0.152
201709 0.001 104.100 0.001
201712 -2.336 104.500 -2.576
201803 -2.181 105.300 -2.387
201806 -1.179 104.900 -1.295
201809 0.244 106.600 0.264
201812 3.035 106.500 3.284
201903 3.056 107.700 3.270
201906 3.109 107.700 3.326
201909 3.164 109.800 3.320
201912 3.219 111.200 3.336
202003 3.241 112.300 3.325
202006 3.291 110.400 3.435
202009 3.328 111.700 3.433
202012 3.456 111.500 3.572
202103 3.490 112.662 3.569
202106 3.655 111.769 3.768
202109 3.750 112.215 3.851
202112 3.747 113.108 3.817
202203 3.834 114.335 3.864
202206 3.974 114.558 3.997
202209 3.968 115.339 3.964
202212 3.992 115.116 3.996
202303 4.105 115.116 4.109
202306 4.097 114.558 4.121
202309 4.146 115.339 4.142
202312 4.082 114.781 4.098
202403 4.101 115.227 4.101

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.


Sichuan Lutianhua Co  (SZSE:000912) 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.


Sichuan Lutianhua Co Cyclically Adjusted PB Ratio Related Terms

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Sichuan Lutianhua Co (SZSE:000912) Business Description

Traded in Other Exchanges
N/A
Address
Naxi District, Sichuan province, Quzhou, CHN, 646300
Sichuan Lutianhua Co Ltd is a chemical fertilizer enterprise that introduces international advanced technology and uses natural gas as raw material. It is primarily involved in the production and sales of fertilizers and chemical products. The company's main products include urea, compound fertilizers, methyl alcohol, concentrated nitric acid, ammonium nitrate, dimethyl ether, liquefied petroleum gas and other chemicals. Further, it is also engaged in chemical engineering, equipment installation, and maintenance activities. Geographically the business activities are carried out through China.

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