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Aboitiz Power (PHS:AP) Cyclically Adjusted Book per Share : ₱19.91 (As of Mar. 2024)


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What is Aboitiz Power 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.

Aboitiz Power's adjusted book value per share for the three months ended in Mar. 2024 was ₱23.893. 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 ₱19.91 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aboitiz Power's average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Aboitiz Power was 11.10% per year. The lowest was 9.80% per year. And the median was 10.50% per year.

As of today (2024-06-07), Aboitiz Power's current stock price is ₱34.95. Aboitiz Power's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱19.91. Aboitiz Power's Cyclically Adjusted PB Ratio of today is 1.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aboitiz Power was 4.24. The lowest was 1.52. And the median was 2.04.


Aboitiz Power Cyclically Adjusted Book per Share Historical Data

The historical data trend for Aboitiz Power'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.

Aboitiz Power Cyclically Adjusted Book per Share Chart

Aboitiz Power 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 13.07 14.12 15.98 17.90 19.38

Aboitiz Power Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 18.37 18.80 19.21 19.38 19.91

Competitive Comparison of Aboitiz Power's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Aboitiz Power'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.


Aboitiz Power's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Aboitiz Power's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aboitiz Power's Cyclically Adjusted PB Ratio falls into.



Aboitiz Power 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, Aboitiz Power'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)
=23.893/131.7762*131.7762
=23.893

Current CPI (Mar. 2024) = 131.7762.

Aboitiz Power Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.318 100.560 14.831
201409 11.921 100.428 15.642
201412 12.497 99.070 16.623
201503 11.424 99.621 15.111
201506 11.930 100.684 15.614
201509 12.527 100.392 16.443
201512 13.259 99.792 17.509
201603 12.270 100.470 16.093
201606 12.939 101.688 16.767
201609 13.631 101.861 17.634
201612 14.285 101.863 18.480
201703 13.521 102.862 17.322
201706 14.291 103.349 18.222
201709 15.165 104.136 19.190
201712 15.682 104.011 19.868
201803 14.974 105.290 18.741
201806 15.771 106.317 19.548
201809 16.946 106.507 20.967
201812 17.356 105.998 21.577
201903 16.258 107.251 19.976
201906 16.034 108.070 19.551
201909 16.556 108.329 20.139
201912 17.061 108.420 20.736
202003 16.137 108.902 19.527
202006 16.234 108.767 19.668
202009 16.476 109.815 19.771
202012 17.280 109.897 20.720
202103 17.439 111.754 20.563
202106 18.249 114.631 20.978
202109 19.924 115.734 22.686
202112 20.037 117.630 22.447
202203 19.866 121.301 21.582
202206 21.797 125.017 22.976
202209 23.384 125.227 24.607
202212 22.975 125.222 24.178
202303 21.659 127.348 22.412
202306 23.116 128.729 23.663
202309 24.456 129.860 24.817
202312 24.999 129.419 25.454
202403 23.893 131.776 23.893

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


Aboitiz Power  (PHS:AP) 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.

Aboitiz Power's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.95/19.91
=1.76

* 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 Aboitiz Power was 4.24. The lowest was 1.52. And the median was 2.04.


Be Aware

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


Aboitiz Power Cyclically Adjusted Book per Share Related Terms

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


Aboitiz Power (PHS:AP) Business Description

Industry
Traded in Other Exchanges
Address
NAC Tower, 32nd Street, Bonifacio Global City, Metro Manila, Taguig, PHL, 1634
Aboitiz Power Corp is an electric utility company operating in the Philippines of which Aboitiz Equity Ventures is the majority shareholder. Through its subsidiaries, Aboitiz Power generates and distributes electricity. The company controls a portfolio of geothermal, hydroelectric, solar, wind, oil-fired, and coal-fired power plants. most of Aboitiz Power's energy production comes from its non-renewable facilities. The company's sites, meanwhile, are mainly hydroelectric. The vast majority of Aboitiz Power's income is derived from its power generation business, while a sizable portion also comes from its distribution segment. Almost all sales are made through bilateral contracts with private utilities, the country's state-owned power provider, and industrial and commercial customers.