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Waterfront Philippines (PHS:WPI) Cyclically Adjusted Book per Share : ₱3.00 (As of Mar. 2024)


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What is Waterfront Philippines 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.

Waterfront Philippines's adjusted book value per share for the three months ended in Mar. 2024 was ₱2.955. 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 ₱3.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Waterfront Philippines's average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.00% 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 Waterfront Philippines was 13.00% per year. The lowest was 8.30% per year. And the median was 11.80% per year.

As of today (2024-06-10), Waterfront Philippines's current stock price is ₱0.39. Waterfront Philippines's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱3.00. Waterfront Philippines's Cyclically Adjusted PB Ratio of today is 0.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Waterfront Philippines was 0.46. The lowest was 0.13. And the median was 0.21.


Waterfront Philippines Cyclically Adjusted Book per Share Historical Data

The historical data trend for Waterfront Philippines'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.

Waterfront Philippines Cyclically Adjusted Book per Share Chart

Waterfront Philippines 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 1.92 2.03 2.34 2.68 2.93

Waterfront Philippines 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 2.76 2.82 2.88 2.93 3.00

Competitive Comparison of Waterfront Philippines's Cyclically Adjusted Book per Share

For the Resorts & Casinos subindustry, Waterfront Philippines'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.


Waterfront Philippines's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

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

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



Waterfront Philippines 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, Waterfront Philippines'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)
=2.955/131.7762*131.7762
=2.955

Current CPI (Mar. 2024) = 131.7762.

Waterfront Philippines Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.573 100.560 2.061
201409 1.610 100.428 2.113
201412 1.577 99.070 2.098
201503 1.621 99.621 2.144
201506 1.526 100.684 1.997
201509 1.592 100.392 2.090
201512 1.635 99.792 2.159
201603 1.680 100.470 2.203
201606 1.728 101.688 2.239
201609 1.791 101.861 2.317
201612 1.977 101.863 2.558
201703 2.033 102.862 2.604
201706 2.080 103.349 2.652
201709 2.112 104.136 2.673
201712 2.061 104.011 2.611
201803 2.109 105.290 2.640
201806 2.157 106.317 2.674
201809 2.178 106.507 2.695
201812 2.084 105.998 2.591
201903 2.141 107.251 2.631
201906 2.164 108.070 2.639
201909 2.045 108.329 2.488
201912 2.652 108.420 3.223
202003 2.697 108.902 3.264
202006 2.680 108.767 3.247
202009 2.681 109.815 3.217
202012 3.329 109.897 3.992
202103 3.392 111.754 4.000
202106 3.390 114.631 3.897
202109 3.335 115.734 3.797
202112 4.184 117.630 4.687
202203 3.473 121.301 3.773
202206 3.492 125.017 3.681
202209 4.052 125.227 4.264
202212 4.418 125.222 4.649
202303 3.591 127.348 3.716
202306 3.116 128.729 3.190
202309 3.059 129.860 3.104
202312 4.500 129.419 4.582
202403 2.955 131.776 2.955

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


Waterfront Philippines  (PHS:WPI) 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.

Waterfront Philippines's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.39/3
=0.13

* 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 Waterfront Philippines was 0.46. The lowest was 0.13. And the median was 0.21.


Be Aware

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


Waterfront Philippines Cyclically Adjusted Book per Share Related Terms

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


Waterfront Philippines (PHS:WPI) Business Description

Traded in Other Exchanges
N/A
Address
No.1 Waterfront Drive, Off Salinas Drive Lahug, Cebu, CEB, PHL, 6000
Waterfront Philippines Inc is an investment holding company for hotel, leisure, and tourism business. The company holds equity interests in hotels and resorts, a fitness gym, and entities engaged in the international marketing and promotion of casinos. The group's operating businesses are organized and managed separately according to hotel property location, with each segment representing a strategic business unit. Its segments are WCCCHI, WMCHI, DIHCI, Parent Company and Others, and APHC and Subsidiaries. The majority is from the WCCCHI segment.

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