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Ayala (AYALY) Cyclically Adjusted Book per Share : $6.30 (As of Mar. 2025)


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What is Ayala 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.

Ayala's adjusted book value per share for the three months ended in Mar. 2025 was $7.703. 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 $6.30 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ayala's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ayala was 9.10% per year. The lowest was 7.00% per year. And the median was 8.00% per year.

As of today (2025-05-19), Ayala's current stock price is $9.60. Ayala's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $6.30. Ayala's Cyclically Adjusted PB Ratio of today is 1.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ayala was 4.89. The lowest was 1.49. And the median was 2.61.


Ayala Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ayala'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.

Ayala Cyclically Adjusted Book per Share Chart

Ayala Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.97 6.20 5.45 5.51 5.84

Ayala Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.18 5.94 6.23 5.84 6.30

Competitive Comparison of Ayala's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Ayala'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.


Ayala's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ayala's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Ayala 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, Ayala's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=7.703/134.9266*134.9266
=7.703

Current CPI (Mar. 2025) = 134.9266.

Ayala Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.781 100.684 7.747
201509 5.786 100.392 7.776
201512 3.539 99.792 4.785
201603 3.644 100.470 4.894
201606 3.770 101.688 5.002
201609 3.885 101.861 5.146
201612 3.927 101.863 5.202
201703 4.055 102.862 5.319
201706 4.176 103.349 5.452
201709 4.324 104.136 5.603
201712 4.369 104.011 5.668
201803 4.440 105.290 5.690
201806 4.550 106.317 5.774
201809 4.877 106.507 6.178
201812 4.925 105.998 6.269
201903 5.178 107.251 6.514
201906 5.781 108.070 7.218
201909 5.864 108.329 7.304
201912 5.610 108.420 6.982
202003 5.678 108.902 7.035
202006 5.622 108.767 6.974
202009 5.745 109.815 7.059
202012 5.787 109.897 7.105
202103 5.915 111.754 7.141
202106 5.995 114.631 7.056
202109 6.091 115.734 7.101
202112 6.244 117.630 7.162
202203 6.344 121.301 7.057
202206 6.284 125.017 6.782
202209 6.325 125.227 6.815
202212 6.324 125.222 6.814
202303 6.464 127.348 6.849
202306 6.780 128.729 7.106
202309 6.992 129.860 7.265
202312 6.837 129.419 7.128
202403 7.136 131.776 7.307
202406 7.233 132.554 7.362
202409 7.483 133.029 7.590
202412 7.527 133.157 7.627
202503 7.703 134.927 7.703

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


Ayala  (OTCPK:AYALY) 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.

Ayala's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.60/6.30
=1.52

* 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 Ayala was 4.89. The lowest was 1.49. And the median was 2.61.


Be Aware

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


Ayala Cyclically Adjusted Book per Share Related Terms

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


Ayala Business Description

Industry
Traded in Other Exchanges
Address
Paseo de Roxas corner, Makati Avenue, 37th Floor to 39th Floor, Ayala Triangle Gardens Tower 2, Makati, PHL, 1226
Ayala Corporation is a general real estate company. The group is organized into a variety of business units. Ayala's real estate business is predominantly conducted through its subsidiary, Ayala Land, Inc. Its involvement in financial services is through an affiliate, the Bank of the Philippine Islands. The group's business has the following main segments: Parent Company; Real estate and hotels; Financial services and insurance; Telecommunications; Industrial Technologies; Power Generation; and Automotive and Others.

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