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Daechang Forging Co (XKRX:015230) Cyclically Adjusted PB Ratio : (As of Apr. 02, 2025)


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What is Daechang Forging Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Daechang Forging Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Daechang Forging 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.

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Daechang Forging Co Cyclically Adjusted PB Ratio Chart

Daechang Forging Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.68 1.23 0.83 -

Daechang Forging Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.83 0.75 - - -

Competitive Comparison of Daechang Forging Co's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, Daechang Forging 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.


Daechang Forging Co's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Daechang Forging Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Daechang Forging 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.

Daechang Forging Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Daechang Forging Co's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=11880.173/121.1352*121.1352
=11,880.173

Current CPI (Dec. 2024) = 121.1352.

Daechang Forging Co Quarterly Data

Book Value per Share CPI Adj_Book
201503 4,611.151 99.721 5,601.372
201506 4,711.299 100.051 5,704.149
201509 4,820.545 100.111 5,832.914
201512 4,955.006 100.220 5,989.057
201603 4,933.806 100.561 5,943.240
201606 5,099.627 100.791 6,128.982
201609 5,142.236 101.461 6,139.350
201612 5,356.006 101.561 6,388.269
201703 5,306.745 102.851 6,250.169
201706 5,469.984 102.611 6,457.453
201709 5,606.963 103.491 6,562.927
201712 5,651.611 102.991 6,647.283
201803 5,687.870 104.101 6,618.597
201806 5,849.575 104.130 6,804.834
201809 5,921.988 105.651 6,789.946
201812 6,022.398 104.351 6,991.083
201903 6,120.798 104.491 7,095.777
201906 6,396.093 104.881 7,387.351
201909 6,580.523 105.200 7,577.288
201912 6,681.437 105.121 7,699.269
202003 6,898.869 105.354 7,932.250
202006 7,011.543 105.112 8,080.393
202009 7,167.336 106.198 8,175.483
202012 7,236.016 105.765 8,287.552
202103 7,576.385 107.357 8,548.723
202106 7,668.811 107.579 8,635.202
202109 7,938.901 108.759 8,842.290
202112 8,238.628 109.676 9,099.386
202203 8,439.469 111.848 9,140.233
202206 8,993.953 114.072 9,550.823
202209 9,584.324 114.715 10,120.699
202212 9,160.850 115.179 9,634.564
202303 9,437.159 116.507 9,812.013
202306 9,942.899 117.182 10,278.319
202309 10,320.950 118.964 10,509.352
202312 10,293.655 118.837 10,492.716
202403 10,572.744 120.123 10,661.816
202406 11,156.456 120.007 11,261.311
202409 11,197.352 120.861 11,222.737
202412 11,880.173 121.135 11,880.173

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.


Daechang Forging Co  (XKRX:015230) 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.


Daechang Forging Co Cyclically Adjusted PB Ratio Related Terms

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Daechang Forging Co Business Description

Traded in Other Exchanges
N/A
Address
1072-3 Bongnim-ri, Saengnim-myeon, Gyeongsangnam-do, Gimhae-si, KOR, 621-823
Daechang Forging Co Ltd operates in the auto manufactures industry in South Korea. The products manufactured by the company are track group assembly, track roller and idler, segment and sprocket, crankshafts, and mini excavator.

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