GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hsin Kuang Steel Co Ltd (TPE:2031) » Definitions » Cyclically Adjusted PB Ratio

Hsin Kuang Steel Co (TPE:2031) Cyclically Adjusted PB Ratio : 2.17 (As of Jun. 07, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Hsin Kuang Steel Co Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Hsin Kuang Steel Co's current share price is NT$60.40. Hsin Kuang Steel Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was NT$27.89. Hsin Kuang Steel Co's Cyclically Adjusted PB Ratio for today is 2.17.

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

TPE:2031' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.8   Max: 3.85
Current: 2.17

During the past years, Hsin Kuang Steel Co's highest Cyclically Adjusted PB Ratio was 3.85. The lowest was 0.88. And the median was 1.80.

TPE:2031's Cyclically Adjusted PB Ratio is ranked worse than
77.41% of 509 companies
in the Steel industry
Industry Median: 1 vs TPE:2031: 2.17

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.

Hsin Kuang Steel Co's adjusted book value per share data for the three months ended in Mar. 2024 was NT$36.980. 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$27.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hsin Kuang Steel Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hsin Kuang 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.

Hsin Kuang Steel Co Cyclically Adjusted PB Ratio Chart

Hsin Kuang 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 1.48 1.84 2.48 1.68 2.13

Hsin Kuang 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 1.84 1.74 1.73 2.13 2.20

Competitive Comparison of Hsin Kuang Steel Co's Cyclically Adjusted PB Ratio

For the Steel subindustry, Hsin Kuang 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.


Hsin Kuang Steel Co's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hsin Kuang Steel Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hsin Kuang Steel Co's Cyclically Adjusted PB Ratio falls into.



Hsin Kuang 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.

Hsin Kuang Steel Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.40/27.89
=2.17

* 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.

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

For example, Hsin Kuang 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)
=36.98/131.7762*131.7762
=36.980

Current CPI (Mar. 2024) = 131.7762.

Hsin Kuang Steel Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.781 100.560 24.611
201409 19.361 100.428 25.405
201412 19.471 99.070 25.899
201503 20.420 99.621 27.011
201506 18.575 100.684 24.311
201509 16.047 100.392 21.064
201512 14.985 99.792 19.788
201603 16.925 100.470 22.199
201606 16.370 101.688 21.214
201609 17.536 101.861 22.686
201612 18.532 101.863 23.974
201703 19.782 102.862 25.343
201706 18.382 103.349 23.438
201709 19.096 104.136 24.165
201712 20.480 104.011 25.947
201803 23.161 105.290 28.987
201806 21.311 106.317 26.414
201809 23.245 106.507 28.760
201812 21.599 105.998 26.852
201903 22.315 107.251 27.418
201906 20.145 108.070 24.564
201909 20.259 108.329 24.644
201912 20.226 108.420 24.583
202003 18.984 108.902 22.972
202006 19.156 108.767 23.208
202009 20.947 109.815 25.136
202012 24.889 109.897 29.844
202103 27.325 111.754 32.221
202106 33.477 114.631 38.484
202109 32.423 115.734 36.917
202112 33.914 117.630 37.993
202203 35.364 121.301 38.418
202206 29.583 125.017 31.182
202209 27.357 125.227 28.788
202212 29.154 125.222 30.680
202303 30.993 127.348 32.071
202306 31.434 128.729 32.178
202309 32.861 129.860 33.346
202312 35.307 129.419 35.950
202403 36.980 131.776 36.980

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.


Hsin Kuang Steel Co  (TPE:2031) 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.


Hsin Kuang Steel Co Cyclically Adjusted PB Ratio Related Terms

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


Hsin Kuang Steel Co (TPE:2031) Business Description

Traded in Other Exchanges
N/A
Address
25th Floor, 97 Chongming Road, Section 4, Sanchong District, New Taipei City, TWN
Hsin Kuang Steel Co Ltd manufactures and sells steel products. The business activities of the group include cutting, stamping, and sale of steel products, including steel coils, steel plates, stainless steel, alloy steel and special steel. Geographically, the business activities are carried out across Taiwan.

Hsin Kuang Steel Co (TPE:2031) Headlines

No Headlines