GURUFOCUS.COM » STOCK LIST » Industrials » Construction » House of Investments Inc (PHS:HI) » Definitions » Cyclically Adjusted Book per Share

House of Investments (PHS:HI) Cyclically Adjusted Book per Share : ₱22.45 (As of Mar. 2024)


View and export this data going back to 1962. Start your Free Trial

What is House of Investments 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.

House of Investments's adjusted book value per share for the three months ended in Mar. 2024 was ₱21.546. 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 ₱22.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, House of Investments's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.20% 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 House of Investments was 13.20% per year. The lowest was 11.20% per year. And the median was 12.20% per year.

As of today (2024-05-25), House of Investments's current stock price is ₱3.43. House of Investments's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱22.45. House of Investments's Cyclically Adjusted PB Ratio of today is 0.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of House of Investments was 0.54. The lowest was 0.15. And the median was 0.22.


House of Investments Cyclically Adjusted Book per Share Historical Data

The historical data trend for House of Investments'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.

House of Investments Cyclically Adjusted Book per Share Chart

House of Investments 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 14.31 15.10 17.29 19.68 21.88

House of Investments 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 20.32 20.82 21.27 21.88 22.45

Competitive Comparison of House of Investments's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, House of Investments'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.


House of Investments's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, House of Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



House of Investments 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, House of Investments'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)
=21.546/131.7762*131.7762
=21.546

Current CPI (Mar. 2024) = 131.7762.

House of Investments Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.405 100.560 14.945
201409 11.902 100.428 15.617
201412 12.779 99.070 16.998
201503 13.260 99.621 17.540
201506 13.671 100.684 17.893
201509 13.839 100.392 18.165
201512 14.803 99.792 19.547
201603 15.295 100.470 20.061
201606 15.621 101.688 20.243
201609 15.576 101.861 20.150
201612 15.859 101.863 20.516
201703 16.516 102.862 21.159
201706 16.805 103.349 21.427
201709 17.026 104.136 21.545
201712 17.761 104.011 22.502
201803 18.315 105.290 22.922
201806 18.898 106.317 23.423
201809 19.791 106.507 24.487
201812 19.771 105.998 24.579
201903 20.359 107.251 25.015
201906 22.495 108.070 27.430
201909 22.900 108.329 27.856
201912 18.981 108.420 23.070
202003 19.126 108.902 23.143
202006 18.335 108.767 22.214
202009 18.125 109.815 21.750
202012 18.238 109.897 21.869
202103 18.654 111.754 21.996
202106 19.047 114.631 21.896
202109 19.482 115.734 22.182
202112 20.186 117.630 22.614
202203 21.792 121.301 23.674
202206 22.106 125.017 23.301
202209 24.499 125.227 25.780
202212 23.654 125.222 24.892
202303 23.610 127.348 24.431
202306 23.254 128.729 23.805
202309 23.689 129.860 24.039
202312 41.216 129.419 41.967
202403 21.546 131.776 21.546

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


House of Investments  (PHS:HI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.43/22.45
=0.15

* 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 House of Investments was 0.54. The lowest was 0.15. And the median was 0.22.


Be Aware

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


House of Investments Cyclically Adjusted Book per Share Related Terms

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


House of Investments (PHS:HI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
221 Sen. Gil J. Puyat Avenue, 9th Floor, Grepalife Building, Metro Manila, Makati, PHL, 1200
House of Investments Inc is an investment company. Its investments are organized into four segments: Automotive Business, Construction and Property, Education, and Property Services. The company's portfolio includes Energy, Pharmaceuticals, and Deathcare.