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Robinsons Retail Holdings (PHS:RRHI) Cyclically Adjusted Book per Share : ₱48.75 (As of Mar. 2024)


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What is Robinsons Retail Holdings 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.

Robinsons Retail Holdings's adjusted book value per share for the three months ended in Mar. 2024 was ₱58.558. 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 ₱48.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Robinsons Retail Holdings's average Cyclically Adjusted Book Growth Rate was 10.70% 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), Robinsons Retail Holdings's current stock price is ₱38.60. Robinsons Retail Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱48.75. Robinsons Retail Holdings's Cyclically Adjusted PB Ratio of today is 0.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Robinsons Retail Holdings was 1.84. The lowest was 0.72. And the median was 1.27.


Robinsons Retail Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Robinsons Retail Holdings'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.

Robinsons Retail Holdings Cyclically Adjusted Book per Share Chart

Robinsons Retail Holdings 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 - - 38.09 43.12 47.32

Robinsons Retail Holdings 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 44.03 45.58 47.06 47.32 48.75

Competitive Comparison of Robinsons Retail Holdings's Cyclically Adjusted Book per Share

For the Department Stores subindustry, Robinsons Retail Holdings'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.


Robinsons Retail Holdings's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Robinsons Retail Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Robinsons Retail Holdings's Cyclically Adjusted PB Ratio falls into.



Robinsons Retail Holdings 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, Robinsons Retail Holdings'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)
=58.558/131.7762*131.7762
=58.558

Current CPI (Mar. 2024) = 131.7762.

Robinsons Retail Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 27.347 100.560 35.836
201409 27.961 100.428 36.689
201412 28.627 99.070 38.078
201503 29.230 99.621 38.665
201506 30.142 100.684 39.450
201509 30.394 100.392 39.896
201512 31.425 99.792 41.497
201603 32.190 100.470 42.220
201606 32.652 101.688 42.313
201609 33.605 101.861 43.474
201612 34.359 101.863 44.449
201703 35.159 102.862 45.042
201706 35.297 103.349 45.006
201709 36.236 104.136 45.854
201712 37.208 104.011 47.140
201803 37.916 105.290 47.454
201806 38.020 106.317 47.125
201809 38.715 106.507 47.900
201812 43.464 105.998 54.034
201903 44.263 107.251 54.385
201906 44.263 108.070 53.973
201909 45.215 108.329 55.001
201912 45.748 108.420 55.603
202003 46.180 108.902 55.880
202006 45.711 108.767 55.381
202009 46.185 109.815 55.421
202012 46.725 109.897 56.027
202103 47.064 111.754 55.496
202106 45.763 114.631 52.608
202109 46.225 115.734 52.632
202112 47.598 117.630 53.322
202203 47.845 121.301 51.977
202206 46.947 125.017 49.485
202209 47.837 125.227 50.339
202212 48.966 125.222 51.529
202303 51.212 127.348 52.993
202306 50.998 128.729 52.205
202309 51.791 129.860 52.555
202312 51.647 129.419 52.588
202403 58.558 131.776 58.558

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


Robinsons Retail Holdings  (PHS:RRHI) 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.

Robinsons Retail Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.60/48.75
=0.79

* 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 Robinsons Retail Holdings was 1.84. The lowest was 0.72. And the median was 1.27.


Be Aware

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


Robinsons Retail Holdings Cyclically Adjusted Book per Share Related Terms

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


Robinsons Retail Holdings (PHS:RRHI) Business Description

Traded in Other Exchanges
Address
ADB Avenue corner Poveda Street, 43rd Floor, Robinsons Equitable Tower, Ortigas Center, Metro Manila, Pasig, PHL, 1600
Robinsons Retail Holdings Inc is a multiformat retailer in the Philippines. The company operates in six business segments: Supermarkets (Robinsons Supermarket, Robinsons Easymart, and Robinsons Selections), Department stores (Robinsons Department Store), Drugstores (Southstar Drug and Manson Drug), DIY stores (True Home by True Value, A.M. Builders' Depot, Handyman Do it Best, True Value), Convenience stores (Ministop) and Specialty stores (toys retailer Toys "R" Us, one-price-point retailer Daiso Japan, consumer electronics and appliances retailers Robinsons Appliances and Savers Appliances and international fashion brands, such as Topshop, Topman, Dorothy Perkins, and international cosmetics brands such as Shiseido).

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