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Finance House PJSC (ADX:FH) Cyclically Adjusted Book per Share : د.إ2.85 (As of Jun. 2023)


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What is Finance House PJSC Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Finance House PJSC's adjusted book value per share for the three months ended in Jun. 2023 was د.إ2.262. 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 د.إ2.85 for the trailing ten years ended in Jun. 2023.

During the past 12 months, Finance House PJSC's average Cyclically Adjusted Book Growth Rate was 6.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2024-05-20), Finance House PJSC's current stock price is د.إ1.93. Finance House PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was د.إ2.85. Finance House PJSC's Cyclically Adjusted PB Ratio of today is 0.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Finance House PJSC was 0.81. The lowest was 0.60. And the median was 0.75.


Finance House PJSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Finance House PJSC's Cyclically Adjusted Book per Share 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.

Finance House PJSC Cyclically Adjusted Book per Share Chart

Finance House PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.58 2.77

Finance House PJSC Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
Cyclically Adjusted Book per Share 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 2.67 2.76 2.77 2.77 2.85

Competitive Comparison of Finance House PJSC's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Finance House PJSC'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.


Finance House PJSC's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Finance House PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Finance House PJSC's Cyclically Adjusted PB Ratio falls into.



Finance House PJSC Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Finance House PJSC's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book= Book Value per Share /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=2.262/128.7287*128.7287
=2.262

Current CPI (Jun. 2023) = 128.7287.

Finance House PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201306 1.755 98.518 2.293
201309 1.844 98.790 2.403
201312 1.776 98.326 2.325
201403 1.772 99.695 2.288
201406 1.823 100.560 2.334
201409 2.000 100.428 2.564
201412 1.755 99.070 2.280
201503 2.054 99.621 2.654
201506 2.172 100.684 2.777
201509 2.608 100.392 3.344
201512 2.860 99.792 3.689
201603 3.005 100.470 3.850
201606 2.865 101.688 3.627
201609 2.895 101.861 3.659
201612 2.879 101.863 3.638
201703 2.928 102.862 3.664
201706 2.845 103.349 3.544
201709 2.831 104.136 3.500
201712 2.763 104.011 3.420
201803 2.506 105.290 3.064
201806 2.432 106.317 2.945
201809 2.443 106.507 2.953
201812 2.302 105.998 2.796
201903 0.000 107.251 0.000
201906 2.350 108.070 2.799
201909 2.340 108.329 2.781
201912 2.350 108.420 2.790
202003 2.251 108.902 2.661
202006 2.222 108.767 2.630
202009 2.246 109.815 2.633
202012 2.249 109.897 2.634
202103 2.307 111.754 2.657
202106 2.316 114.631 2.601
202109 2.335 115.734 2.597
202112 2.444 117.630 2.675
202203 2.507 121.301 2.661
202206 2.382 125.017 2.453
202209 2.359 125.227 2.425
202212 2.339 125.222 2.405
202306 2.262 128.729 2.262

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Finance House PJSC  (ADX:FH) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Finance House PJSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.93/2.85
=0.68

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Finance House PJSC was 0.81. The lowest was 0.60. And the median was 0.75.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Finance House PJSC Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Finance House PJSC's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Finance House PJSC (ADX:FH) Business Description

Traded in Other Exchanges
N/A
Address
Zayed 1st Street, Khalidiya Area, P.O.Box: 7878, Orjowan Tower Building, Abu Dhabi, ARE
Finance House PJSC is a provider of financial products and services. The group is organised into six major business segments: Commercial and Retail Financing, which provides loans and other credit facilities for institutional and individual customers; Investment, which involves the management of the investment portfolio and treasury activities; Islamic Financing and Investing, which provides investment, consumer and commercial financing; Insurance, which involves non-life insurance services; Construction, involves construction related activities; and Brokerage Services. The group primarily operates in the United Arab Emirates.

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