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Heineken Malaysia Bhd (XKLS:3255) Cyclically Adjusted PB Ratio : 15.89 (As of Jun. 01, 2024)


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What is Heineken Malaysia Bhd Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Heineken Malaysia Bhd's current share price is RM24.00. Heineken Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM1.51. Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio for today is 15.89.

The historical rank and industry rank for Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio or its related term are showing as below:

XKLS:3255' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.03   Med: 16.33   Max: 20.3
Current: 16.26

During the past years, Heineken Malaysia Bhd's highest Cyclically Adjusted PB Ratio was 20.30. The lowest was 13.03. And the median was 16.33.

XKLS:3255's Cyclically Adjusted PB Ratio is ranked worse than
96.34% of 164 companies
in the Beverages - Alcoholic industry
Industry Median: 1.955 vs XKLS:3255: 16.26

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.

Heineken Malaysia Bhd's adjusted book value per share data for the three months ended in Mar. 2024 was RM1.924. 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 RM1.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heineken Malaysia Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Heineken Malaysia Bhd'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.

Heineken Malaysia Bhd Cyclically Adjusted PB Ratio Chart

Heineken Malaysia Bhd Annual Data
Trend Jun13 Jun14 Jun15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 16.80 14.85 17.37 16.29

Heineken Malaysia Bhd 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 17.93 17.53 16.34 16.29 15.43

Competitive Comparison of Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio

For the Beverages - Brewers subindustry, Heineken Malaysia 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.


Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Heineken Malaysia Bhd 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.

Heineken Malaysia Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.00/1.51
=15.89

* 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.

Heineken Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Heineken Malaysia 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)
=1.924/131.7762*131.7762
=1.924

Current CPI (Mar. 2024) = 131.7762.

Heineken Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201312 1.108 98.326 1.485
201403 1.226 99.695 1.621
201406 1.181 100.560 1.548
201409 1.362 100.428 1.787
201412 1.169 99.070 1.555
201503 1.299 99.621 1.718
201506 1.245 100.684 1.629
201509 1.454 100.392 1.909
201512 1.245 99.792 1.644
201603 0.913 100.470 1.197
201609 0.953 101.861 1.233
201703 1.462 102.862 1.873
201706 1.065 103.349 1.358
201709 0.883 104.136 1.117
201712 1.193 104.011 1.511
201803 1.355 105.290 1.696
201806 1.036 106.317 1.284
201809 0.898 106.507 1.111
201812 1.229 105.998 1.528
201903 1.403 107.251 1.724
201906 1.081 108.070 1.318
201909 1.003 108.329 1.220
201912 1.305 108.420 1.586
202003 1.493 108.902 1.807
202006 1.433 108.767 1.736
202009 0.978 109.815 1.174
202012 1.157 109.897 1.387
202103 1.400 111.754 1.651
202106 0.974 114.631 1.120
202109 0.992 115.734 1.130
202112 1.310 117.630 1.468
202203 1.685 121.301 1.831
202206 1.311 125.017 1.382
202209 1.271 125.227 1.337
202212 1.617 125.222 1.702
202303 1.981 127.348 2.050
202306 1.301 128.729 1.332
202309 1.190 129.860 1.208
202312 1.518 129.419 1.546
202403 1.924 131.776 1.924

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.


Heineken Malaysia Bhd  (XKLS:3255) 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.


Heineken Malaysia Bhd Cyclically Adjusted PB Ratio Related Terms

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


Heineken Malaysia Bhd (XKLS:3255) Business Description

Traded in Other Exchanges
N/A
Address
Batu 9, Jalan Klang Lama, Sungei Way Brewery, Lot 1135, Petaling Jaya, SGR, MYS, 46000
Heineken Malaysia Bhd is engaged in the production, packaging, marketing and distribution of beverages, mainly alcoholic. The portfolio of the company includes various iconic brands such as The World-acclaimed iconic Asian beer - Tiger Beer, The crystal-cold filtered beer - Tiger Crystal, The New Zealand inspired cider - Apple Fox Cider, The premium Irish ale - Kilkenny, The real shandy - Anglia and others.

Heineken Malaysia Bhd (XKLS:3255) Headlines

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