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BW LPG (CHIX:BWLPGO) Cyclically Adjusted Book per Share : kr101.42 (As of Mar. 2025)


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What is BW LPG 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.

BW LPG's adjusted book value per share for the three months ended in Mar. 2025 was kr125.198. 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 kr101.42 for the trailing ten years ended in Mar. 2025.

During the past 12 months, BW LPG's average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.90% 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 BW LPG was 13.90% per year. The lowest was 13.90% per year. And the median was 13.90% per year.

As of today (2025-05-22), BW LPG's current stock price is kr102.60. BW LPG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr101.42. BW LPG's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BW LPG was 2.37. The lowest was 0.68. And the median was 1.20.


BW LPG Cyclically Adjusted Book per Share Historical Data

The historical data trend for BW LPG'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.

BW LPG Cyclically Adjusted Book per Share Chart

BW LPG 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 - 54.82 84.26 90.67 96.60

BW LPG 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 91.77 94.42 97.49 96.60 101.42

Competitive Comparison of BW LPG's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, BW LPG'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.


BW LPG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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


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BW LPG 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, BW LPG'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)
=125.198/134.9266*134.9266
=125.198

Current CPI (Mar. 2025) = 134.9266.

BW LPG Quarterly Data

Book Value per Share CPI Adj_Book
201506 61.905 100.684 82.959
201509 65.438 100.392 87.949
201512 74.126 99.792 100.224
201603 74.891 100.470 100.575
201606 65.047 101.688 86.309
201609 60.067 101.861 79.566
201612 67.007 101.863 88.757
201703 67.247 102.862 88.209
201706 66.376 103.349 86.657
201709 60.087 104.136 77.854
201712 62.873 104.011 81.561
201803 58.701 105.290 75.224
201806 59.871 106.317 75.982
201809 60.917 106.507 77.172
201812 60.932 105.998 77.561
201903 58.893 107.251 74.090
201906 59.882 108.070 74.764
201909 69.118 108.329 86.088
201912 76.643 108.420 95.381
202003 85.380 108.902 105.784
202006 82.174 108.767 101.937
202009 79.280 109.815 97.409
202012 78.912 109.897 96.885
202103 80.127 111.754 96.741
202106 79.250 114.631 93.281
202109 83.098 115.734 96.878
202112 89.987 117.630 103.219
202203 91.635 121.301 101.928
202206 100.369 125.017 108.325
202209 108.086 125.227 116.458
202212 109.388 125.222 117.866
202303 119.812 127.348 126.942
202306 116.902 128.729 122.530
202309 115.109 129.860 119.601
202312 118.289 129.419 123.323
202403 124.833 131.776 127.817
202406 119.823 132.554 121.968
202409 121.579 133.029 123.313
202412 133.651 133.157 135.427
202503 125.198 134.927 125.198

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


BW LPG  (CHIX:BWLPGo) 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.

BW LPG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=102.60/101.42
=1.01

* 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 BW LPG was 2.37. The lowest was 0.68. And the median was 1.20.


Be Aware

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


BW LPG Cyclically Adjusted Book per Share Related Terms

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


BW LPG Business Description

Industry
Address
c/o BW LPG Holding Pte Ltd, No.17-02, 10 Pasir Panjang Road, Mapletree Business City, Singapore, SGP, 117438
BW LPG Ltd is an LPG shipping. It uses pioneering technology to power its vessels with cleaner-burning liquefied petroleum gas (LPG) and invest in R&D to take towards a zero-carbon future. The company is organized into two main segments: The shipping segment and the product services segment which buy and sell liquid petroleum gas and deliver it to customers. It generates the majority of its revenue from the shipping segment.

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