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FSBM Holdings Bhd (XKLS:9377) Cyclically Adjusted Book per Share : RM0.05 (As of Dec. 2023)


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What is FSBM 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.

FSBM Holdings Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM0.054. 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 RM0.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, FSBM Holdings Bhd's average Cyclically Adjusted Book Growth Rate was -28.60% 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 (2024-06-09), FSBM Holdings Bhd's current stock price is RM0.39. FSBM Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM0.05. FSBM Holdings Bhd's Cyclically Adjusted PB Ratio of today is 7.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of FSBM Holdings Bhd was 8.60. The lowest was 1.32. And the median was 2.53.


FSBM Holdings Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for FSBM 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.

FSBM Holdings Bhd Cyclically Adjusted Book per Share Chart

FSBM Holdings Bhd Annual Data
Trend Dec12 Dec13 Jun15 Jun16 Jun17 Jun18 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.07 0.05

FSBM Holdings Bhd Quarterly Data
Sep18 Dec18 Mar19 Sep19 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 0.07 0.06 0.05 0.05 0.05

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

For the Electronics & Computer Distribution subindustry, FSBM 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.


FSBM Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FSBM Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FSBM 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, FSBM 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)
=0.054/129.4194*129.4194
=0.054

Current CPI (Dec. 2023) = 129.4194.

FSBM Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201306 0.128 98.518 0.168
201309 0.121 98.790 0.159
201312 0.087 98.326 0.115
201403 0.081 99.695 0.105
201406 0.078 100.560 0.100
201409 0.074 100.428 0.095
201503 0.074 99.621 0.096
201506 0.048 100.684 0.062
201509 0.046 100.392 0.059
201512 0.044 99.792 0.057
201603 0.044 100.470 0.057
201606 0.026 101.688 0.033
201609 0.023 101.861 0.029
201612 0.025 101.863 0.032
201703 0.026 102.862 0.033
201706 0.025 103.349 0.031
201709 0.025 104.136 0.031
201712 0.024 104.011 0.030
201803 0.023 105.290 0.028
201806 0.022 106.317 0.027
201809 0.022 106.507 0.027
201812 0.022 105.998 0.027
201903 0.021 107.251 0.025
201909 0.020 108.329 0.024
202003 0.019 108.902 0.023
202006 0.018 108.767 0.021
202009 0.018 109.815 0.021
202012 0.017 109.897 0.020
202103 0.017 111.754 0.020
202106 0.016 114.631 0.018
202109 0.016 115.734 0.018
202112 -0.011 117.630 -0.012
202203 -0.009 121.301 -0.010
202206 0.029 125.017 0.030
202209 0.032 125.227 0.033
202212 0.038 125.222 0.039
202303 0.039 127.348 0.040
202306 0.040 128.729 0.040
202309 0.051 129.860 0.051
202312 0.054 129.419 0.054

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


FSBM Holdings Bhd  (XKLS:9377) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.39/0.05
=7.80

* 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 FSBM Holdings Bhd was 8.60. The lowest was 1.32. And the median was 2.53.


Be Aware

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


FSBM Holdings Bhd Cyclically Adjusted Book per Share Related Terms

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


FSBM Holdings Bhd (XKLS:9377) Business Description

Industry
Traded in Other Exchanges
N/A
Address
699, Jalan Damansara, A-2-6, Glomac Damansara, Wilayah Persekutuan Kuala Lumpur, Kuala Lumpur, SGR, MYS, 60000
FSBM Holdings Bhd is an investment holding company. Its principal activities consist of the distribution of computers, computer-related products, education-related products, and the provision of related services. The company has four reportable segments. The platform design and development include the development of web-based and mobile platforms for customers. The Refurbishment services include refurbishment of pre-owned IT hardware. The lease services include the leasing of IT hardware. The technical support and maintenance services include after-sales service following the completion of the platform design and development projects. The other segment includes activities related to managing security solutions, provision of smart manufacturing solutions, and other services.

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