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Ho Wah Genting Bhd (XKLS:9601) Cyclically Adjusted Book per Share : RM0.93 (As of Mar. 2024)


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What is Ho Wah Genting 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.

Ho Wah Genting Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM0.438. 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 RM0.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ho Wah Genting Bhd's average Cyclically Adjusted Book Growth Rate was -18.40% 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 (2024-06-08), Ho Wah Genting Bhd's current stock price is RM0.245. Ho Wah Genting Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM0.93. Ho Wah Genting Bhd's Cyclically Adjusted PB Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ho Wah Genting Bhd was 0.75. The lowest was 0.20. And the median was 0.37.


Ho Wah Genting Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ho Wah Genting 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.

Ho Wah Genting Bhd Cyclically Adjusted Book per Share Chart

Ho Wah Genting Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Apr22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.30 0.97

Ho Wah Genting Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Mar21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 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 1.14 1.09 1.04 0.97 0.93

Competitive Comparison of Ho Wah Genting Bhd's Cyclically Adjusted Book per Share

For the Electrical Equipment & Parts subindustry, Ho Wah Genting 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.


Ho Wah Genting Bhd's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ho Wah Genting Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ho Wah Genting Bhd's Cyclically Adjusted PB Ratio falls into.



Ho Wah Genting 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, Ho Wah Genting Bhd'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)
=0.438/131.7762*131.7762
=0.438

Current CPI (Mar. 2024) = 131.7762.

Ho Wah Genting Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.909 98.326 2.558
201403 1.739 99.695 2.299
201406 1.677 100.560 2.198
201409 1.634 100.428 2.144
201412 1.360 99.070 1.809
201503 1.254 99.621 1.659
201506 1.184 100.684 1.550
201509 0.695 100.392 0.912
201512 0.625 99.792 0.825
201603 0.943 100.470 1.237
201606 0.902 101.688 1.169
201609 0.911 101.861 1.179
201612 0.974 101.863 1.260
201703 0.946 102.862 1.212
201706 0.929 103.349 1.185
201709 0.919 104.136 1.163
201712 0.777 104.011 0.984
201803 0.720 105.290 0.901
201806 0.734 106.317 0.910
201809 0.724 106.507 0.896
201812 0.370 105.998 0.460
201903 0.355 107.251 0.436
201906 0.356 108.070 0.434
201909 0.350 108.329 0.426
201912 0.290 108.420 0.352
202003 0.281 108.902 0.340
202006 0.304 108.767 0.368
202009 0.308 109.815 0.370
202103 0.441 111.754 0.520
202107 0.458 115.183 0.524
202110 0.432 116.696 0.488
202201 0.468 118.619 0.520
202204 0.456 121.978 0.493
202207 0.481 125.002 0.507
202210 0.507 125.734 0.531
202303 0.446 127.348 0.462
202306 0.471 128.729 0.482
202309 0.431 129.860 0.437
202312 0.429 129.419 0.437
202403 0.438 131.776 0.438

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


Ho Wah Genting Bhd  (XKLS:9601) 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.

Ho Wah Genting Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.245/0.93
=0.26

* 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 Ho Wah Genting Bhd was 0.75. The lowest was 0.20. And the median was 0.37.


Be Aware

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


Ho Wah Genting Bhd Cyclically Adjusted Book per Share Related Terms

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


Ho Wah Genting Bhd (XKLS:9601) Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Jalan Maharajalela, 1st Floor, Wisma Ho Wah Genting, Kuala Lumpur, SGR, MYS, 50150
Ho Wah Genting Bhd is engaged in investment holdings and the provision of management services to its subsidiaries. The group has four operating segments, namely, Investment, Moulded power supply cord sets, Healthcare and Travelling Services. Moulded power supply cord sets is engaged in manufacturing and trading of wires and cables, moulded power supply cord sets and cable assemblies for electrical and electronic devices and equipment. The group earns a majority of the revenue from Moulded power supply cord sets. Geographically, the group has a presence in North America, Malaysia and the Rest of Asia; with a majority of the revenue being generated from North America.

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