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Esterad Investment Co BSC (BAH:ESTERAD) Cyclically Adjusted Book per Share : BHD0.29 (As of Jun. 2024)


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What is Esterad Investment Co BSC 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.

Esterad Investment Co BSC's adjusted book value per share for the three months ended in Jun. 2024 was BHD0.253. 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 BHD0.29 for the trailing ten years ended in Jun. 2024.

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 (2024-09-25), Esterad Investment Co BSC's current stock price is BHD0.262. Esterad Investment Co BSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was BHD0.29. Esterad Investment Co BSC's Cyclically Adjusted PB Ratio of today is 0.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Esterad Investment Co BSC was 0.91. The lowest was 0.31. And the median was 0.46.


Esterad Investment Co BSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Esterad Investment Co BSC'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.

Esterad Investment Co BSC Cyclically Adjusted Book per Share Chart

Esterad Investment Co BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.28 0.29 0.29

Esterad Investment Co BSC Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.29 0.29 0.29 0.29 0.29

Competitive Comparison of Esterad Investment Co BSC's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Esterad Investment Co BSC'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.


Esterad Investment Co BSC's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Esterad Investment Co BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Esterad Investment Co BSC's Cyclically Adjusted PB Ratio falls into.



Esterad Investment Co BSC 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, Esterad Investment Co BSC's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.253/132.5538*132.5538
=0.253

Current CPI (Jun. 2024) = 132.5538.

Esterad Investment Co BSC Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.263 100.428 0.347
201412 0.262 99.070 0.351
201503 0.256 99.621 0.341
201506 0.255 100.684 0.336
201509 0.254 100.392 0.335
201512 0.252 99.792 0.335
201603 0.242 100.470 0.319
201606 0.240 101.688 0.313
201609 0.231 101.861 0.301
201612 0.233 101.863 0.303
201703 0.237 102.862 0.305
201706 0.235 103.349 0.301
201709 0.236 104.136 0.300
201712 0.238 104.011 0.303
201803 0.237 105.290 0.298
201806 0.233 106.317 0.291
201809 0.243 106.507 0.302
201812 0.220 105.998 0.275
201903 0.233 107.251 0.288
201906 0.237 108.070 0.291
201909 0.239 108.329 0.292
201912 0.247 108.420 0.302
202003 0.000 108.902 0.000
202006 0.218 108.767 0.266
202009 0.225 109.815 0.272
202012 0.231 109.897 0.279
202103 0.229 111.754 0.272
202106 0.232 114.631 0.268
202109 0.233 115.734 0.267
202112 0.234 117.630 0.264
202203 0.230 121.301 0.251
202206 0.229 125.017 0.243
202209 0.231 125.227 0.245
202212 0.242 125.222 0.256
202303 0.236 127.348 0.246
202306 0.240 128.729 0.247
202309 0.237 129.860 0.242
202312 0.261 129.419 0.267
202403 0.251 131.776 0.252
202406 0.253 132.554 0.253

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


Esterad Investment Co BSC  (BAH:ESTERAD) 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.

Esterad Investment Co BSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.262/0.29
=0.90

* 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 Esterad Investment Co BSC was 0.91. The lowest was 0.31. And the median was 0.46.


Be Aware

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


Esterad Investment Co BSC Cyclically Adjusted Book per Share Related Terms

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


Esterad Investment Co BSC Business Description

Traded in Other Exchanges
N/A
Address
GBCORP Tower, 3rd Floor, P.O. Box 1080, Manama, BHR
Esterad Investment Co BSC is a Bahrain company operating in the financial sector. The principal activity of the company is to invest in public and private equities, fixed income, real estate, and other asset classes in both local and international markets. It owns four key portfolio investment models including a strategic equity portfolio, fixed income portfolio, properties & income-producing assets, and a trading portfolio. The company generates the majority of its revenue from Investment income.

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