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Pacific Online Systems (PHS:LOTO) Cyclically Adjusted Book per Share : ₱2.02 (As of Mar. 2024)


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What is Pacific Online Systems 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.

Pacific Online Systems's adjusted book value per share for the three months ended in Mar. 2024 was ₱1.355. 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 ₱2.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pacific Online Systems's average Cyclically Adjusted Book Growth Rate was -1.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.90% 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 Pacific Online Systems was 3.30% per year. The lowest was 0.70% per year. And the median was 2.40% per year.

As of today (2024-06-05), Pacific Online Systems's current stock price is ₱4.80. Pacific Online Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱2.02. Pacific Online Systems's Cyclically Adjusted PB Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pacific Online Systems was 3.17. The lowest was 0.63. And the median was 1.06.


Pacific Online Systems Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pacific Online Systems'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.

Pacific Online Systems Cyclically Adjusted Book per Share Chart

Pacific Online Systems 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 1.91 1.97 2.04 2.05 2.01

Pacific Online Systems 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 2.06 2.04 2.04 2.01 2.02

Competitive Comparison of Pacific Online Systems's Cyclically Adjusted Book per Share

For the Gambling subindustry, Pacific Online Systems'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.


Pacific Online Systems's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pacific Online Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pacific Online Systems's Cyclically Adjusted PB Ratio falls into.



Pacific Online Systems 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, Pacific Online Systems'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)
=1.355/131.7762*131.7762
=1.355

Current CPI (Mar. 2024) = 131.7762.

Pacific Online Systems Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 2.292 100.428 3.007
201412 2.079 99.070 2.765
201503 2.073 99.621 2.742
201506 1.917 100.684 2.509
201509 1.966 100.392 2.581
201512 1.961 99.792 2.590
201603 1.965 100.470 2.577
201606 0.000 101.688 0.000
201609 2.215 101.861 2.866
201612 2.208 101.863 2.856
201703 2.422 102.862 3.103
201706 2.227 103.349 2.840
201709 2.420 104.136 3.062
201712 2.377 104.011 3.012
201803 2.375 105.290 2.972
201806 2.176 106.317 2.697
201809 2.214 106.507 2.739
201812 2.076 105.998 2.581
201903 2.078 107.251 2.553
201906 1.876 108.070 2.288
201909 1.676 108.329 2.039
201912 1.548 108.420 1.881
202003 1.379 108.902 1.669
202006 1.231 108.767 1.491
202009 1.093 109.815 1.312
202012 1.019 109.897 1.222
202103 0.958 111.754 1.130
202106 0.940 114.631 1.081
202109 0.870 115.734 0.991
202112 0.849 117.630 0.951
202203 0.874 121.301 0.949
202206 0.892 125.017 0.940
202209 1.001 125.227 1.053
202212 1.106 125.222 1.164
202303 1.118 127.348 1.157
202306 1.215 128.729 1.244
202309 1.321 129.860 1.340
202312 1.387 129.419 1.412
202403 1.355 131.776 1.355

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


Pacific Online Systems  (PHS:LOTO) 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.

Pacific Online Systems's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.80/2.02
=2.38

* 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 Pacific Online Systems was 3.17. The lowest was 0.63. And the median was 1.06.


Be Aware

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


Pacific Online Systems Cyclically Adjusted Book per Share Related Terms

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


Pacific Online Systems (PHS:LOTO) Business Description

Traded in Other Exchanges
N/A
Address
28th Floor, East Tower, Exchange Road, Philippine Stock Exchange, Ortigas Center, Metro Manila, Pasig, PHL, 1605
Pacific Online Systems Corp is a Philippines-based company operating in the gaming industry. Along with its subsidiaries, the firm is engaged in the development, design, and management of online computer systems, terminals, and software for the gaming industry. It provides leasing of gaming equipment, Keno terminals, an online operating system, and the sale of the lottery, sweepstakes, and instant tickets. It also offers consultancy services related to online gaming.

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