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Telecom EgyptE (CAI:ETEL) Cyclically Adjusted Book per Share : E£23.81 (As of Dec. 2023)


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What is Telecom EgyptE 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.

Telecom EgyptE's adjusted book value per share for the three months ended in Dec. 2023 was E£29.798. 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 E£23.81 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Telecom EgyptE's average Cyclically Adjusted Book Growth Rate was 6.30% 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.

As of today (2024-05-20), Telecom EgyptE's current stock price is E£33.35. Telecom EgyptE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was E£23.81. Telecom EgyptE's Cyclically Adjusted PB Ratio of today is 1.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Telecom EgyptE was 1.75. The lowest was 0.60. And the median was 1.01.


Telecom EgyptE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Telecom EgyptE'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.

Telecom EgyptE Cyclically Adjusted Book per Share Chart

Telecom EgyptE 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 - - 20.57 22.39 23.81

Telecom EgyptE Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 22.39 22.91 23.31 23.69 23.81

Competitive Comparison of Telecom EgyptE's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Telecom EgyptE'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.


Telecom EgyptE's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telecom EgyptE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Telecom EgyptE 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, Telecom EgyptE's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=29.798/129.4194*129.4194
=29.798

Current CPI (Dec. 2023) = 129.4194.

Telecom EgyptE Quarterly Data

Book Value per Share CPI Adj_Book
201403 15.591 99.695 20.240
201406 16.162 100.560 20.800
201409 15.908 100.428 20.500
201412 15.675 99.070 20.477
201503 15.926 99.621 20.690
201506 15.756 100.684 20.253
201509 16.463 100.392 21.223
201512 16.967 99.792 22.004
201603 16.573 100.470 21.348
201606 17.128 101.688 21.799
201609 17.638 101.861 22.410
201612 17.419 101.863 22.131
201703 16.846 102.862 21.195
201706 17.595 103.349 22.033
201709 18.143 104.136 22.548
201712 17.854 104.011 22.215
201803 13.891 105.290 17.074
201806 18.353 106.317 22.341
201809 19.038 106.507 23.134
201812 18.913 105.998 23.092
201903 19.257 107.251 23.237
201906 19.524 108.070 23.381
201909 20.103 108.329 24.017
201912 20.623 108.420 24.617
202003 20.639 108.902 24.528
202006 20.695 108.767 24.624
202009 21.403 109.815 25.224
202012 22.697 109.897 26.729
202103 22.577 111.754 26.146
202106 23.433 114.631 26.456
202109 24.733 115.734 27.658
202112 25.960 117.630 28.562
202203 24.404 121.301 26.037
202206 25.741 125.017 26.647
202209 27.168 125.227 28.078
202212 27.095 125.222 28.003
202303 25.408 127.348 25.821
202306 26.919 128.729 27.063
202309 28.513 129.860 28.416
202312 29.798 129.419 29.798

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


Telecom EgyptE  (CAI:ETEL) 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.

Telecom EgyptE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.35/23.81
=1.40

* 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 Telecom EgyptE was 1.75. The lowest was 0.60. And the median was 1.01.


Be Aware

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


Telecom EgyptE Cyclically Adjusted Book per Share Related Terms

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


Telecom EgyptE (CAI:ETEL) Business Description

Traded in Other Exchanges
N/A
Address
B7 Building, Smart Village, K28 Cairo-Alexandria Desert Road, Cairo, EGY, 12577
Telecom Egypt SAE is the country's sole provider of fixed-line voice telecommunication services, where it generates the vast majority of its revenue. The company provides voice services, Internet, and data services in three segments: Communications marine cables and infrastructure services, Internet services, Outsourcing services. Additionally, because of Telecom Egypt's ownership of telecommunication infrastructure, there is wholesale revenue. This constitutes the majority of overall company revenue.

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