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Lee Swee Kiat Group Bhd (XKLS:8079) Cyclically Adjusted Book per Share : RM0.34 (As of Dec. 2023)


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What is Lee Swee Kiat Group 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.

Lee Swee Kiat Group Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM0.455. 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 RM0.34 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Lee Swee Kiat Group Bhd's average Cyclically Adjusted Book Growth Rate was 9.70% 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 (2024-05-23), Lee Swee Kiat Group Bhd's current stock price is RM1.06. Lee Swee Kiat Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM0.34. Lee Swee Kiat Group Bhd's Cyclically Adjusted PB Ratio of today is 3.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lee Swee Kiat Group Bhd was 3.31. The lowest was 1.99. And the median was 2.36.


Lee Swee Kiat Group Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lee Swee Kiat Group 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.

Lee Swee Kiat Group Bhd Cyclically Adjusted Book per Share Chart

Lee Swee Kiat Group 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 - - 0.27 0.31 0.34

Lee Swee Kiat Group 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 0.31 0.32 0.33 0.34 0.34

Competitive Comparison of Lee Swee Kiat Group Bhd's Cyclically Adjusted Book per Share

For the Furnishings, Fixtures & Appliances subindustry, Lee Swee Kiat Group 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.


Lee Swee Kiat Group Bhd's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Lee Swee Kiat Group Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lee Swee Kiat Group Bhd's Cyclically Adjusted PB Ratio falls into.



Lee Swee Kiat Group 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, Lee Swee Kiat Group 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)
=0.455/129.4194*129.4194
=0.455

Current CPI (Dec. 2023) = 129.4194.

Lee Swee Kiat Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.163 99.695 0.212
201406 0.166 100.560 0.214
201409 0.172 100.428 0.222
201412 0.183 99.070 0.239
201503 0.191 99.621 0.248
201506 0.193 100.684 0.248
201509 0.198 100.392 0.255
201512 0.212 99.792 0.275
201603 0.217 100.470 0.280
201606 0.223 101.688 0.284
201609 0.230 101.861 0.292
201612 0.242 101.863 0.307
201703 0.245 102.862 0.308
201706 0.250 103.349 0.313
201709 0.250 104.136 0.311
201712 0.266 104.011 0.331
201803 0.276 105.290 0.339
201806 0.288 106.317 0.351
201809 0.304 106.507 0.369
201812 0.310 105.998 0.378
201903 0.323 107.251 0.390
201906 0.308 108.070 0.369
201909 0.317 108.329 0.379
201912 0.333 108.420 0.397
202003 0.318 108.902 0.378
202006 0.316 108.767 0.376
202009 0.339 109.815 0.400
202012 0.347 109.897 0.409
202103 0.341 111.754 0.395
202106 0.351 114.631 0.396
202109 0.357 115.734 0.399
202112 0.368 117.630 0.405
202203 0.366 121.301 0.390
202206 0.384 125.017 0.398
202209 0.399 125.227 0.412
202212 0.408 125.222 0.422
202303 0.394 127.348 0.400
202306 0.410 128.729 0.412
202309 0.431 129.860 0.430
202312 0.455 129.419 0.455

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


Lee Swee Kiat Group Bhd  (XKLS:8079) 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.

Lee Swee Kiat Group Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.06/0.34
=3.12

* 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 Lee Swee Kiat Group Bhd was 3.31. The lowest was 1.99. And the median was 2.36.


Be Aware

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


Lee Swee Kiat Group Bhd Cyclically Adjusted Book per Share Related Terms

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


Lee Swee Kiat Group Bhd (XKLS:8079) Business Description

Traded in Other Exchanges
N/A
Address
Wisma LSK, Jalan Haji Abdul Manan, Lot 6122, Off Jalan Meru, Klang, SGR, MYS, 41050
Lee Swee Kiat Group Bhd operates in the Mattresses and bedsprings sector in Malaysia. The Group is organized into two business segments: Investment holding, and Natural latex and mattress-related products. The Natural latex and mattress related products segment which generates majority revenue engages in the manufacturing, trading, and distribution of mattresses, bedding accessories, laminated foam, polyurethane foam, natural latex foam, and other related products. The investment holding segment engages in investment holding activity.

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