Huicheng International Holdings (HKSE:01146) Cyclically Adjusted PB Ratio : 0.13 (As of Jan. 18, 2025)

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What is Huicheng International Holdings Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Huicheng International Holdings's current share price is HK$0.075. Huicheng International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was HK$0.57. Huicheng International Holdings's Cyclically Adjusted PB Ratio for today is 0.13.

The historical rank and industry rank for Huicheng International Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:01146' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.19 Max: 0.37
Current: 0.13

During the past 13 years, Huicheng International Holdings's highest Cyclically Adjusted PB Ratio was 0.37. The lowest was 0.05. And the median was 0.19.

HKSE:01146's Cyclically Adjusted PB Ratio is ranked better than
97.37% of 797 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.16 vs HKSE:01146: 0.13

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.

Huicheng International Holdings's adjusted book value per share data of for the fiscal year that ended in Dec23 was HK$0.358. 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 HK$0.57 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Huicheng International Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Huicheng International Holdings'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.

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Huicheng International Holdings Cyclically Adjusted PB Ratio Chart

Huicheng International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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0.28

0.15

0.35

0.27

0.08

Huicheng International Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	0.27	-	0.08	-

Competitive Comparison of Huicheng International Holdings's Cyclically Adjusted PB Ratio

For the Apparel Manufacturing subindustry, Huicheng International Holdings'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.

Huicheng International Holdings's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Huicheng International Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Huicheng International Holdings's Cyclically Adjusted PB Ratio falls into.

Huicheng International Holdings 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.

Huicheng International Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	0.075	/	0.57
	=	0.13

Huicheng International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Huicheng International Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec23 (Change)	*	Current CPI (Dec23)
	=	0.358	/	114.7809	*	114.7809
	=	0.358

Current CPI (Dec23) = 114.7809.

Huicheng International Holdings Annual Data

	Book Value per Share	CPI	Adj_Book
201412	0.594	99.000	0.689
201512	0.565	100.600	0.645
201612	0.539	102.600	0.603
201712	0.597	104.500	0.656
201812	0.586	106.500	0.632
201912	0.586	111.200	0.605
202012	0.570	111.500	0.587
202112	0.529	113.108	0.537
202212	0.410	115.116	0.409
202312	0.358	114.781	0.358

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.

Huicheng International Holdings (HKSE:01146) 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.

Huicheng International Holdings Cyclically Adjusted PB Ratio Related Terms

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Huicheng International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Huicheng International Holdings Ltd (HKSE:01146) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tong Pu Road, No. 9 Lane 1225, Pu Tuo District, Shanghai, CHN, 200333

Website

https://www.hcihl.com

Huicheng International Holdings Ltd formerly China Outfitters Holdings Ltd is engaged in designing, manufacturing, marketing and selling apparel products and accessories in the People's Republic of China, with a focus on menswear. The company offers range of men's casual wear, including smart casual wear, outdoor casual wear, leisure wear and accessories, under several international brands. It sell products under the Santa Barbara Polo & Racquet Club ("SBPRC") brands under license.

Executives

Huang Xiaoyun	2101 Beneficial owner
Zhang Yongli	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Kravis Henry Roberts	2201 Interest of corporation controlled by you
Kkr China Growth Fund L.p.	2201 Interest of corporation controlled by you
Kkr China Apparel Limited	2101 Beneficial owner
Kkr Associates China Growth L.p.	2201 Interest of corporation controlled by you
Roberts George R.	2201 Interest of corporation controlled by you
Kkr Management Llp (formerly Known As Kkr Management Llc)	2201 Interest of corporation controlled by you
Kkr Group Partnership L.p. (formerly Known As Kkr Fund Holdings L.p.)	2201 Interest of corporation controlled by you
Kkr Group Holdings L.p. (formerly Known As Kkr Holdings L.p.)	2201 Interest of corporation controlled by you
Kkr Group Holdings Corp.	2201 Interest of corporation controlled by you
Kkr Group Co. Inc. (formerly Known As Kkr & Co. Inc.)	2201 Interest of corporation controlled by you
Kkr China Growth Limited	2201 Interest of corporation controlled by you
Kkr & Co. Inc. (formerly Known As Kkr Aubergine Inc.)	2201 Interest of corporation controlled by you

Huicheng International Holdings Headlines

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