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Health Empire (BKK:HEALTH) Cyclically Adjusted Book per Share : ฿1.44 (As of Mar. 2024)


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What is Health Empire 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.

Health Empire's adjusted book value per share for the three months ended in Mar. 2024 was ฿1.782. 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 ฿1.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Health Empire's average Cyclically Adjusted Book Growth Rate was 102.80% 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 Health Empire was -8.40% per year. The lowest was -8.40% per year. And the median was -8.40% per year.

As of today (2024-05-21), Health Empire's current stock price is ฿1.40. Health Empire's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ฿1.44. Health Empire's Cyclically Adjusted PB Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Health Empire was 33.13. The lowest was 0.91. And the median was 3.20.


Health Empire Cyclically Adjusted Book per Share Historical Data

The historical data trend for Health Empire'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.

Health Empire Cyclically Adjusted Book per Share Chart

Health Empire Annual Data
Trend Dec13 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 -1.55 -1.32 -0.51 0.47 1.40

Health Empire Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 0.71 0.95 1.19 1.40 1.44

Competitive Comparison of Health Empire's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, Health Empire'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.


Health Empire's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Health Empire's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Health Empire 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, Health Empire'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)
=1.782/131.7762*131.7762
=1.782

Current CPI (Mar. 2024) = 131.7762.

Health Empire Quarterly Data

Book Value per Share CPI Adj_Book
201306 1.361 98.518 1.820
201309 1.376 98.790 1.835
201312 1.383 98.326 1.853
201503 1.318 99.621 1.743
201506 1.216 100.684 1.592
201509 1.818 100.392 2.386
201512 1.717 99.792 2.267
201603 1.601 100.470 2.100
201606 1.401 101.688 1.816
201609 1.262 101.861 1.633
201612 1.104 101.863 1.428
201703 0.996 102.862 1.276
201706 0.903 103.349 1.151
201709 0.812 104.136 1.028
201712 0.701 104.011 0.888
201803 0.590 105.290 0.738
201806 0.477 106.317 0.591
201809 0.380 106.507 0.470
201812 0.295 105.998 0.367
201903 0.192 107.251 0.236
201906 0.091 108.070 0.111
201909 0.027 108.329 0.033
201912 0.016 108.420 0.019
202003 -0.050 108.902 -0.061
202006 -0.080 108.767 -0.097
202009 -0.130 109.815 -0.156
202012 -0.136 109.897 -0.163
202103 0.702 111.754 0.828
202106 0.673 114.631 0.774
202109 0.639 115.734 0.728
202112 3.435 117.630 3.848
202203 3.382 121.301 3.674
202206 3.394 125.017 3.578
202209 3.283 125.227 3.455
202212 2.499 125.222 2.630
202303 2.477 127.348 2.563
202306 2.427 128.729 2.484
202309 2.402 129.860 2.437
202312 1.814 129.419 1.847
202403 1.782 131.776 1.782

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


Health Empire  (BKK:HEALTH) 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.

Health Empire's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.40/1.44
=0.97

* 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 Health Empire was 33.13. The lowest was 0.91. And the median was 3.20.


Be Aware

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


Health Empire Cyclically Adjusted Book per Share Related Terms

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


Health Empire (BKK:HEALTH) Business Description

Traded in Other Exchanges
N/A
Address
Rama 9 Road, 20th Floor, Room No., Office 2, No. 51 Major Tower Rama 9 - Ramkhamhaeng, Hua Mak Sub-District, Bangkapi District, Bangkok, THA, 10240
Health Empire Corp PLC, formerly MPG Corporation PCL is engaged in wholesale, retail, distribution, import, export, production, contract production, and distribution of medication, modern medicine, traditional medicine, Thai traditional medicine, herbal medicine, herbal products, chemicals, medical supplies, pharmaceutical products, cosmeceutical products, medical equipment, health and beauty products, cosmetics, beauty products, personal hygiene products, dietary supplements, vitamins, minerals, food and beverage for dietary. Geographically, all the operations function through the regions of Thailand.

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