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FENG HSIN STEEL CO (TPE:2015) Cyclically Adjusted PB Ratio : 1.90 (As of Jun. 07, 2024)


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What is FENG HSIN STEEL CO Cyclically Adjusted PB Ratio?

As of today (2024-06-07), FENG HSIN STEEL CO's current share price is NT$71.60. FENG HSIN STEEL CO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$37.68. FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio for today is 1.90.

The historical rank and industry rank for FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2015' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.49   Med: 1.87   Max: 2.88
Current: 1.95

During the past years, FENG HSIN STEEL CO's highest Cyclically Adjusted PB Ratio was 2.88. The lowest was 1.49. And the median was 1.87.

TPE:2015's Cyclically Adjusted PB Ratio is ranked worse than
72.5% of 509 companies
in the Steel industry
Industry Median: 1 vs TPE:2015: 1.95

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.

FENG HSIN STEEL CO's adjusted book value per share data for the three months ended in Mar. 2024 was NT$35.173. 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 NT$37.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FENG HSIN STEEL CO Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FENG HSIN STEEL 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.

FENG HSIN STEEL CO Cyclically Adjusted PB Ratio Chart

FENG HSIN STEEL 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 1.76 2.29 2.49 1.78 1.86

FENG HSIN STEEL 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 1.87 1.94 1.81 1.86 1.88

Competitive Comparison of FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio

For the Steel subindustry, FENG HSIN STEEL 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.


FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio falls into.



FENG HSIN STEEL 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.

FENG HSIN STEEL CO's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=71.60/37.68
=1.90

* 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.

FENG HSIN STEEL CO's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, FENG HSIN STEEL 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)
=35.173/131.7762*131.7762
=35.173

Current CPI (Mar. 2024) = 131.7762.

FENG HSIN STEEL CO Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.645 100.560 33.606
201409 26.225 100.428 34.411
201412 27.122 99.070 36.076
201503 27.958 99.621 36.982
201506 26.386 100.684 34.534
201509 26.971 100.392 35.403
201512 28.011 99.792 36.989
201603 28.916 100.470 37.926
201606 27.197 101.688 35.244
201609 28.049 101.861 36.287
201612 28.514 101.863 36.888
201703 29.759 102.862 38.124
201706 27.825 103.349 35.479
201709 28.707 104.136 36.327
201712 30.272 104.011 38.353
201803 31.662 105.290 39.627
201806 29.391 106.317 36.429
201809 30.776 106.507 38.078
201812 32.046 105.998 39.839
201903 33.238 107.251 40.839
201906 29.980 108.070 36.557
201909 30.535 108.329 37.144
201912 31.443 108.420 38.217
202003 32.192 108.902 38.954
202006 30.623 108.767 37.101
202009 31.989 109.815 38.386
202012 33.474 109.897 40.138
202103 35.013 111.754 41.286
202106 37.776 114.631 43.426
202109 36.024 115.734 41.017
202112 37.998 117.630 42.568
202203 34.717 121.301 37.715
202206 35.169 125.017 37.071
202209 35.840 125.227 37.715
202212 37.458 125.222 39.419
202303 34.791 127.348 36.001
202306 35.802 128.729 36.650
202309 36.435 129.860 36.973
202312 37.705 129.419 38.392
202403 35.173 131.776 35.173

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.


FENG HSIN STEEL CO  (TPE:2015) 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.


FENG HSIN STEEL CO Cyclically Adjusted PB Ratio Related Terms

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


FENG HSIN STEEL CO (TPE:2015) Business Description

Traded in Other Exchanges
N/A
Address
No. 998, Jiahou Road, Section 1, Houli district, Taichung, TWN, 421
FENG HSIN STEEL CO LTD is a company that is primarily engaged in the manufacturing and processing of angle irons, steel channels, flat structural frames, and shafts. These products are used in a wide range of applications, including bridge-building, structural uses for power transmission towers, assembling frames for machinery, shipbuilding, oil storage containers, mechanical constructions, woodworking machinery, lock components, machine parts, hand tools, piping components, auto-transmission parts, civil construction, and tunnel construction. The company generates most of its revenue from the Taiwan market.

FENG HSIN STEEL CO (TPE:2015) Headlines

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