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Leon Fuat Bhd (XKLS:5232) Cyclically Adjusted Book per Share : RM1.32 (As of Dec. 2023)


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What is Leon Fuat 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.

Leon Fuat Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM1.726. 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 RM1.32 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Leon Fuat Bhd's average Cyclically Adjusted Book Growth Rate was 10.00% 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 (2024-05-24), Leon Fuat Bhd's current stock price is RM0.595. Leon Fuat Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM1.32. Leon Fuat Bhd's Cyclically Adjusted PB Ratio of today is 0.45.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Leon Fuat Bhd was 0.50. The lowest was 0.37. And the median was 0.42.


Leon Fuat Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Leon Fuat 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.

Leon Fuat Bhd Cyclically Adjusted Book per Share Chart

Leon Fuat 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 - - - 1.20 1.32

Leon Fuat 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 1.20 1.24 1.27 1.30 1.32

Competitive Comparison of Leon Fuat Bhd's Cyclically Adjusted Book per Share

For the Steel subindustry, Leon Fuat 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.


Leon Fuat Bhd's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Leon Fuat Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Leon Fuat 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, Leon Fuat 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)
=1.726/129.4194*129.4194
=1.726

Current CPI (Dec. 2023) = 129.4194.

Leon Fuat Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.667 99.695 0.866
201406 0.678 100.560 0.873
201409 0.706 100.428 0.910
201412 0.717 99.070 0.937
201503 0.739 99.621 0.960
201506 0.731 100.684 0.940
201509 0.746 100.392 0.962
201512 0.757 99.792 0.982
201603 0.759 100.470 0.978
201606 0.781 101.688 0.994
201609 0.799 101.861 1.015
201612 0.823 101.863 1.046
201703 0.860 102.862 1.082
201706 0.942 103.349 1.180
201709 0.986 104.136 1.225
201712 1.065 104.011 1.325
201803 1.097 105.290 1.348
201806 1.109 106.317 1.350
201809 1.137 106.507 1.382
201812 1.134 105.998 1.385
201903 1.133 107.251 1.367
201906 1.142 108.070 1.368
201909 1.145 108.329 1.368
201912 1.132 108.420 1.351
202003 1.135 108.902 1.349
202006 1.144 108.767 1.361
202009 1.165 109.815 1.373
202012 1.224 109.897 1.441
202103 1.340 111.754 1.552
202106 1.370 114.631 1.547
202109 1.483 115.734 1.658
202112 1.568 117.630 1.725
202203 1.639 121.301 1.749
202206 1.660 125.017 1.718
202209 1.650 125.227 1.705
202212 1.635 125.222 1.690
202303 1.667 127.348 1.694
202306 1.702 128.729 1.711
202309 1.703 129.860 1.697
202312 1.726 129.419 1.726

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


Leon Fuat Bhd  (XKLS:5232) 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.

Leon Fuat Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.595/1.32
=0.45

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Leon Fuat Bhd was 0.50. The lowest was 0.37. And the median was 0.42.


Be Aware

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


Leon Fuat Bhd Cyclically Adjusted Book per Share Related Terms

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


Leon Fuat Bhd (XKLS:5232) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Leon Fuat Bhd (XKLS:5232) » Definitions » Cyclically Adjusted Book per Share
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Address
Wisma Leon Fuat, No. 11, Lorong Keluli 1B, Seksyen 7, Kawasan Perindustrian Bukit Raja Selatan, Shah Alam, SGR, MYS, 40000
Leon Fuat Bhd is engaged in the provision of management services through its subsidiaries. It operates through three segments: Trading of Steel Products, Processing and/or manufacturing of Steel Products, and Others. It mainly involves the buying and selling of flat and long steel products and also offers value-added services to flat and long steel products in the form of cutting, leveling, shearing, profiling, bending, and finishing as well as the production of expanded metal and Other segment includes steel materials such as tool steel and non-ferrous metal products such as bronze, brass, aluminum, and copper. It operates in two geographical areas; Malaysia and the Republic of Singapore.

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