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United Gulf Investment BSC (BAH:UGIC) Cyclically Adjusted Book per Share : BHD0.18 (As of Dec. 2023)


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What is United Gulf Investment BSC 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.

United Gulf Investment BSC's adjusted book value per share for the three months ended in Dec. 2023 was BHD0.155. 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 BHD0.18 for the trailing ten years ended in Dec. 2023.

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 (2024-05-18), United Gulf Investment BSC's current stock price is BHD0.052. United Gulf Investment BSC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was BHD0.18. United Gulf Investment BSC's Cyclically Adjusted PB Ratio of today is 0.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Gulf Investment BSC was 0.36. The lowest was 0.29. And the median was 0.32.


United Gulf Investment BSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Gulf Investment BSC'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.

United Gulf Investment BSC Cyclically Adjusted Book per Share Chart

United Gulf Investment BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.21 0.18 0.18

United Gulf Investment BSC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.18 0.18 0.18 0.18 0.18

Competitive Comparison of United Gulf Investment BSC's Cyclically Adjusted Book per Share

For the Asset Management subindustry, United Gulf Investment BSC'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.


United Gulf Investment BSC's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, United Gulf Investment BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Gulf Investment BSC's Cyclically Adjusted PB Ratio falls into.



United Gulf Investment BSC 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, United Gulf Investment BSC's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.155/129.4194*129.4194
=0.155

Current CPI (Dec. 2023) = 129.4194.

United Gulf Investment BSC Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 0.156 100.560 0.201
201409 0.156 100.428 0.201
201412 0.166 99.070 0.217
201503 0.163 99.621 0.212
201506 0.162 100.684 0.208
201509 0.155 100.392 0.200
201512 0.147 99.792 0.191
201603 0.149 100.470 0.192
201606 0.149 101.688 0.190
201609 0.145 101.861 0.184
201612 0.152 101.863 0.193
201703 0.154 102.862 0.194
201706 0.152 103.349 0.190
201709 0.154 104.136 0.191
201712 0.151 104.011 0.188
201803 0.154 105.290 0.189
201806 0.151 106.317 0.184
201809 0.152 106.507 0.185
201812 0.147 105.998 0.179
201903 0.143 107.251 0.173
201906 0.140 108.070 0.168
201909 0.136 108.329 0.162
201912 0.125 108.420 0.149
202003 0.000 108.902 0.000
202006 0.126 108.767 0.150
202009 0.124 109.815 0.146
202012 0.121 109.897 0.142
202103 0.122 111.754 0.141
202106 0.124 114.631 0.140
202109 0.136 115.734 0.152
202112 0.135 117.630 0.149
202203 0.151 121.301 0.161
202206 0.172 125.017 0.178
202209 0.176 125.227 0.182
202212 0.149 125.222 0.154
202303 0.153 127.348 0.155
202306 0.157 128.729 0.158
202309 0.156 129.860 0.155
202312 0.155 129.419 0.155

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


United Gulf Investment BSC  (BAH:UGIC) 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.

United Gulf Investment BSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.052/0.18
=0.29

* 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 United Gulf Investment BSC was 0.36. The lowest was 0.29. And the median was 0.32.


Be Aware

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


United Gulf Investment BSC Cyclically Adjusted Book per Share Related Terms

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


United Gulf Investment BSC (BAH:UGIC) Business Description

Traded in Other Exchanges
N/A
Address
Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR
United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes Smelting and Investment activities. The company generates maximum revenue from the Smelting segment. the company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.