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FGV Holdings Bhd (XKLS:5222) Cyclically Adjusted Book per Share : RM1.78 (As of Dec. 2023)


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What is FGV Holdings Bhd 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.

FGV Holdings Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM1.637. 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 RM1.78 for the trailing ten years ended in Dec. 2023.

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 (2024-05-29), FGV Holdings Bhd's current stock price is RM1.34. FGV Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM1.78. FGV Holdings Bhd's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FGV Holdings Bhd was 1.16. The lowest was 0.72. And the median was 0.81.


FGV Holdings Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for FGV Holdings Bhd'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.

FGV Holdings Bhd Cyclically Adjusted Book per Share Chart

FGV Holdings Bhd 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 - - 1.68 1.78 1.78

FGV Holdings Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.78 1.80 1.80 1.80 1.78

Competitive Comparison of FGV Holdings Bhd's Cyclically Adjusted Book per Share

For the Farm Products subindustry, FGV Holdings Bhd'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.


FGV Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, FGV Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FGV Holdings Bhd 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, FGV Holdings Bhd's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.637/129.4194*129.4194
=1.637

Current CPI (Dec. 2023) = 129.4194.

FGV Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.834 99.695 2.381
201406 1.780 100.560 2.291
201409 1.715 100.428 2.210
201412 1.557 99.070 2.034
201503 1.747 99.621 2.270
201506 1.725 100.684 2.217
201509 1.756 100.392 2.264
201512 1.597 99.792 2.071
201603 1.725 100.470 2.222
201606 1.727 101.688 2.198
201609 1.708 101.861 2.170
201612 1.595 101.863 2.026
201703 1.587 102.862 1.997
201706 1.575 103.349 1.972
201709 1.581 104.136 1.965
201712 1.531 104.011 1.905
201803 1.528 105.290 1.878
201806 1.528 106.317 1.860
201809 1.302 106.507 1.582
201812 1.226 105.998 1.497
201903 1.214 107.251 1.465
201906 1.199 108.070 1.436
201909 1.130 108.329 1.350
201912 1.145 108.420 1.367
202003 1.113 108.902 1.323
202006 1.101 108.767 1.310
202009 1.131 109.815 1.333
202012 1.169 109.897 1.377
202103 1.137 111.754 1.317
202106 1.228 114.631 1.386
202109 1.339 115.734 1.497
202112 1.487 117.630 1.636
202203 1.511 121.301 1.612
202206 1.604 125.017 1.660
202209 1.638 125.227 1.693
202212 1.708 125.222 1.765
202303 1.599 127.348 1.625
202306 1.610 128.729 1.619
202309 1.628 129.860 1.622
202312 1.637 129.419 1.637

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


FGV Holdings Bhd  (XKLS:5222) 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.

FGV Holdings Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.34/1.78
=0.75

* 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 FGV Holdings Bhd was 1.16. The lowest was 0.72. And the median was 0.81.


Be Aware

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


FGV Holdings Bhd Cyclically Adjusted Book per Share Related Terms

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


FGV Holdings Bhd (XKLS:5222) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Raja Laut, Level 21, Wisma FGV, Kuala Lumpur, SGR, MYS, 50350
FGV Holdings Bhd operates an agri-business conglomerate and specializes in oil palm plantations and refineries, rubber production, and sugar products. It has four operating segments; Plantation Sector includes cultivation, harvesting, and production of fresh fruit bunches (FFB) and processing of FFB into crude palm oil and palm kernel, refining of CPO, fractionation of refined bleached deodorized palm oil and Palm Olein, fertilizers processing, rubber processing and production, sale of planting materials and security, Sugar Sector includes refining, sales, and marketing of refined sugar and molasses, Logistics and Other sectors include Bulking and transportation facilities and services, engineering services, information technology, and travel, and Corporate HQ, Others, and Elimination.

FGV Holdings Bhd (XKLS:5222) Headlines

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