GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Emperador Inc (SGX:EMI) » Definitions » Cyclically Adjusted Book per Share

Emperador (SGX:EMI) Cyclically Adjusted Book per Share : S$0.11 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Emperador 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.

Emperador's adjusted book value per share for the three months ended in Mar. 2024 was S$0.144. 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 S$0.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Emperador's average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -22.50% 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 Emperador was -22.50% per year. The lowest was -22.50% per year. And the median was -22.50% per year.

As of today (2024-05-26), Emperador's current stock price is S$0.43. Emperador's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was S$0.11. Emperador's Cyclically Adjusted PB Ratio of today is 3.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Emperador was 5.08. The lowest was 0.82. And the median was 2.35.


Emperador Cyclically Adjusted Book per Share Historical Data

The historical data trend for Emperador'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.

Emperador Cyclically Adjusted Book per Share Chart

Emperador 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 - - - 0.10 0.12

Emperador 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 0.10 0.11 0.11 0.12 0.11

Competitive Comparison of Emperador's Cyclically Adjusted Book per Share

For the Beverages - Wineries & Distilleries subindustry, Emperador'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.


Emperador's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Emperador's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Emperador 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, Emperador'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)
=0.144/131.7762*131.7762
=0.144

Current CPI (Mar. 2024) = 131.7762.

Emperador Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.053 100.560 0.069
201409 0.051 100.428 0.067
201412 0.066 99.070 0.088
201503 0.068 99.621 0.090
201506 0.067 100.684 0.088
201509 0.069 100.392 0.091
201512 0.072 99.792 0.095
201603 0.073 100.470 0.096
201606 0.074 101.688 0.096
201609 0.069 101.861 0.089
201612 0.076 101.863 0.098
201703 0.073 102.862 0.094
201706 0.075 103.349 0.096
201709 0.077 104.136 0.097
201712 0.083 104.011 0.105
201803 0.088 105.290 0.110
201806 0.087 106.317 0.108
201809 0.091 106.507 0.113
201812 0.088 105.998 0.109
201903 0.092 107.251 0.113
201906 0.092 108.070 0.112
201909 0.095 108.329 0.116
201912 0.094 108.420 0.114
202003 0.095 108.902 0.115
202006 0.095 108.767 0.115
202009 0.096 109.815 0.115
202012 0.098 109.897 0.118
202103 0.098 111.754 0.116
202106 0.102 114.631 0.117
202109 0.105 115.734 0.120
202112 0.115 117.630 0.129
202203 0.119 121.301 0.129
202206 0.123 125.017 0.130
202209 0.127 125.227 0.134
202212 0.129 125.222 0.136
202303 0.134 127.348 0.139
202306 0.132 128.729 0.135
202309 0.136 129.860 0.138
202312 0.139 129.419 0.142
202403 0.144 131.776 0.144

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


Emperador  (SGX:EMI) 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.

Emperador's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.43/0.11
=3.91

* 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 Emperador was 5.08. The lowest was 0.82. And the median was 2.35.


Be Aware

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


Emperador Cyclically Adjusted Book per Share Related Terms

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


Emperador (SGX:EMI) Business Description

Traded in Other Exchanges
Address
1880 Eastwood Avenue, Eastwood City CyberPark, 7th Floor, 188 East Rodriguez, Junior Avenue, Bagumbayan, Quezon, PHL, 1110
Emperador Inc manufactures, sells, and distributes spirits and other alcoholic beverages through two main business segments: brandy and Scotch whiskey. The brandy segment, which accounts for more than half of the company's total revenue focuses on sales in the Philippines and Spain. This segment also has a distribution network for its operations, which includes sales offices and distribution outlets throughout the Philippines. The Scotch whiskey business sells in the United Kingdom. Brands that Emperador owns or licenses include The Dalmore, Fundador, Jura, Emperador, Andy Player, Whyte and Mackay, Smirnoff, and BaR. The company produces in the Philippines and Europe.

Emperador (SGX:EMI) Headlines

No Headlines