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Premiere Horizon Alliance (PHS:PHA) Cyclically Adjusted PB Ratio : 0.56 (As of May. 31, 2024)


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What is Premiere Horizon Alliance Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Premiere Horizon Alliance's current share price is ₱0.20. Premiere Horizon Alliance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱0.36. Premiere Horizon Alliance's Cyclically Adjusted PB Ratio for today is 0.56.

The historical rank and industry rank for Premiere Horizon Alliance's Cyclically Adjusted PB Ratio or its related term are showing as below:

PHS:PHA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.26   Max: 10.61
Current: 0.55

During the past years, Premiere Horizon Alliance's highest Cyclically Adjusted PB Ratio was 10.61. The lowest was 0.46. And the median was 1.26.

PHS:PHA's Cyclically Adjusted PB Ratio is ranked better than
56.84% of 1360 companies
in the Real Estate industry
Industry Median: 0.69 vs PHS:PHA: 0.55

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.

Premiere Horizon Alliance's adjusted book value per share data for the three months ended in Mar. 2024 was ₱0.381. 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 ₱0.36 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Premiere Horizon Alliance Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Premiere Horizon Alliance's Cyclically Adjusted PB Ratio 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.

Premiere Horizon Alliance Cyclically Adjusted PB Ratio Chart

Premiere Horizon Alliance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.31 3.96 1.80 0.88 0.47

Premiere Horizon Alliance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.87 0.70 0.58 0.47 0.59

Competitive Comparison of Premiere Horizon Alliance's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Premiere Horizon Alliance'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.


Premiere Horizon Alliance's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Premiere Horizon Alliance's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Premiere Horizon Alliance's Cyclically Adjusted PB Ratio falls into.



Premiere Horizon Alliance Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Premiere Horizon Alliance's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.20/0.36
=0.56

* 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.

Premiere Horizon Alliance's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Premiere Horizon Alliance'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)
=0.381/131.7762*131.7762
=0.381

Current CPI (Mar. 2024) = 131.7762.

Premiere Horizon Alliance Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.246 100.560 0.322
201409 0.335 100.428 0.440
201412 0.225 99.070 0.299
201503 0.213 99.621 0.282
201506 0.297 100.684 0.389
201509 0.000 100.392 0.000
201512 0.290 99.792 0.383
201603 0.292 100.470 0.383
201606 0.362 101.688 0.469
201609 0.374 101.861 0.484
201612 0.310 101.863 0.401
201703 0.303 102.862 0.388
201706 0.308 103.349 0.393
201709 0.283 104.136 0.358
201712 0.353 104.011 0.447
201803 0.274 105.290 0.343
201806 0.330 106.317 0.409
201809 0.314 106.507 0.388
201812 0.154 105.998 0.191
201903 0.136 107.251 0.167
201906 0.116 108.070 0.141
201909 0.142 108.329 0.173
201912 0.345 108.420 0.419
202003 0.328 108.902 0.397
202006 0.355 108.767 0.430
202009 0.293 109.815 0.352
202012 0.385 109.897 0.462
202103 0.381 111.754 0.449
202106 0.504 114.631 0.579
202109 0.217 115.734 0.247
202112 0.219 117.630 0.245
202203 0.309 121.301 0.336
202206 0.272 125.017 0.287
202209 0.264 125.227 0.278
202212 0.295 125.222 0.310
202303 0.287 127.348 0.297
202306 0.347 128.729 0.355
202309 0.372 129.860 0.377
202312 0.387 129.419 0.394
202403 0.381 131.776 0.381

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


Premiere Horizon Alliance  (PHS:PHA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Premiere Horizon Alliance Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Premiere Horizon Alliance's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Premiere Horizon Alliance (PHS:PHA) Business Description

Traded in Other Exchanges
N/A
Address
Exchange Road, Ortigas Center, Unit 1705, 17th Floor, East Tower, Philippine Stock Exchange Center, Metro Manila, Pasig, PHL, 1605
Premiere Horizon Alliance Corp engages in the business activities relating to entertainment, gaming, hotel, and leisure. The company business segments are Mining, Real estate, Service contract, and others. Its Mining segment pertains to the operations of RCDC (Redstone Construction and Development Corporation) which provides hauling and excavation for mining companies. The company generates maximum revenue from the Real estate segment.

Premiere Horizon Alliance (PHS:PHA) Headlines

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