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PT Megapolitan Developments Tbk (ISX:EMDE) Cyclically Adjusted Book per Share : Rp302.25 (As of Mar. 2024)


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What is PT Megapolitan Developments Tbk 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.

PT Megapolitan Developments Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp400.452. 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 Rp302.25 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.80% 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 PT Megapolitan Developments Tbk was 9.80% per year. The lowest was 9.80% per year. And the median was 9.80% per year.

As of today (2024-06-20), PT Megapolitan Developments Tbk's current stock price is Rp78.00. PT Megapolitan Developments Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp302.25. PT Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Megapolitan Developments Tbk was 0.91. The lowest was 0.25. And the median was 0.65.


PT Megapolitan Developments Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Megapolitan Developments Tbk'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.

PT Megapolitan Developments Tbk Cyclically Adjusted Book per Share Chart

PT Megapolitan Developments Tbk 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 - 223.12 229.16 269.10 295.20

PT Megapolitan Developments Tbk 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 - 280.19 287.82 295.20 302.25

Competitive Comparison of PT Megapolitan Developments Tbk's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, PT Megapolitan Developments Tbk'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.


PT Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio falls into.



PT Megapolitan Developments Tbk 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, PT Megapolitan Developments Tbk'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)
=400.452/130.6070*130.6070
=400.452

Current CPI (Mar. 2024) = 130.6070.

PT Megapolitan Developments Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 169.711 93.015 238.300
201409 169.900 94.576 234.627
201412 174.447 98.819 230.562
201503 182.588 98.388 242.381
201506 184.973 99.766 242.154
201509 183.419 101.037 237.100
201512 191.316 102.133 244.654
201603 195.784 102.764 248.830
201606 199.152 103.212 252.011
201609 198.967 104.142 249.528
201612 204.539 105.222 253.885
201703 0.000 106.476 0.000
201706 212.831 107.722 258.047
201709 212.311 108.020 256.704
201712 233.796 109.017 280.098
201803 237.828 110.097 282.134
201806 239.592 111.085 281.698
201809 235.204 111.135 276.415
201812 239.022 112.430 277.666
201903 235.025 112.829 272.058
201906 240.340 114.730 273.599
201909 240.355 114.905 273.201
201912 229.408 115.486 259.445
202003 225.444 116.252 253.282
202006 220.562 116.630 246.995
202009 214.082 116.397 240.218
202012 162.849 117.318 181.295
202103 160.932 117.840 178.368
202106 157.404 118.184 173.950
202109 148.590 118.262 164.101
202112 503.001 119.516 549.679
202203 496.544 120.948 536.197
202206 492.028 123.322 521.092
202209 486.362 125.298 506.968
202212 482.544 126.098 499.800
202303 0.000 126.953 0.000
202306 473.099 127.663 484.009
202309 468.290 128.151 477.263
202312 402.806 129.395 406.580
202403 400.452 130.607 400.452

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


PT Megapolitan Developments Tbk  (ISX:EMDE) 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.

PT Megapolitan Developments Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=78.00/302.25
=0.26

* 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 PT Megapolitan Developments Tbk was 0.91. The lowest was 0.25. And the median was 0.65.


Be Aware

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


PT Megapolitan Developments Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Megapolitan Developments Tbk (ISX:EMDE) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Kawasan Mega Kuningan Barat, The Bellagio Residence and Mall, Lantai 1, Kav. E4 No. 3, Kuningan Timur, Jakarta, IDN, 12950
PT Megapolitan Developments Tbk engages in real estate and property development and management. The firm operates through two segments namely: Property and Shopping Center. It generates revenue through home sales, shophouse sales, land plot sales, rental income, shop and kiosk sales, and apartment sales. The company earns the majority of its revenue from the Shopping Center segment.

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