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PT Equity Development Investment Tbk (ISX:GSMF) Cyclically Adjusted Book per Share : Rp185.29 (As of Mar. 2024)


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What is PT Equity Development Investment 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 Equity Development Investment Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp169.808. 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 Rp185.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Equity Development Investment Tbk's average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.60% 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 Equity Development Investment Tbk was 4.60% per year. The lowest was 4.60% per year. And the median was 4.60% per year.

As of today (2024-05-23), PT Equity Development Investment Tbk's current stock price is Rp51.00. PT Equity Development Investment Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp185.29. PT Equity Development Investment Tbk's Cyclically Adjusted PB Ratio of today is 0.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Equity Development Investment Tbk was 1.80. The lowest was 0.27. And the median was 0.47.


PT Equity Development Investment Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Equity Development Investment 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 Equity Development Investment Tbk Cyclically Adjusted Book per Share Chart

PT Equity Development Investment 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 - 160.63 168.67 178.22 183.68

PT Equity Development Investment 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 179.66 180.90 181.85 183.68 185.29

Competitive Comparison of PT Equity Development Investment Tbk's Cyclically Adjusted Book per Share

For the Insurance - Diversified subindustry, PT Equity Development Investment 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 Equity Development Investment Tbk's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PT Equity Development Investment Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Equity Development Investment Tbk's Cyclically Adjusted PB Ratio falls into.



PT Equity Development Investment 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 Equity Development Investment 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)
=169.808/130.6070*130.6070
=169.808

Current CPI (Mar. 2024) = 130.6070.

PT Equity Development Investment Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 127.001 93.015 178.329
201409 130.267 94.576 179.895
201412 132.015 98.819 174.481
201503 138.729 98.388 184.159
201506 139.957 99.766 183.222
201509 141.311 101.037 182.669
201512 144.792 102.133 185.159
201603 136.667 102.764 173.696
201606 139.251 103.212 176.211
201609 141.573 104.142 177.549
201612 150.317 105.222 186.581
201703 153.078 106.476 187.771
201706 154.765 107.722 187.645
201709 156.770 108.020 189.550
201712 160.860 109.017 192.717
201803 162.988 110.097 193.352
201806 164.412 111.085 193.306
201809 166.051 111.135 195.146
201812 169.372 112.430 196.755
201903 171.266 112.829 198.253
201906 0.000 114.730 0.000
201909 175.757 114.905 199.775
201912 175.595 115.486 198.586
202003 172.948 116.252 194.303
202006 172.315 116.630 192.966
202009 176.592 116.397 198.151
202012 167.961 117.318 186.986
202103 167.602 117.840 185.761
202106 166.582 118.184 184.093
202109 164.570 118.262 181.749
202112 173.699 119.516 189.818
202203 173.204 120.948 187.036
202206 172.250 123.322 182.425
202209 172.620 125.298 179.934
202212 173.340 126.098 179.539
202303 171.690 126.953 176.632
202306 172.019 127.663 175.986
202309 171.729 128.151 175.020
202312 169.630 129.395 171.219
202403 169.808 130.607 169.808

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


PT Equity Development Investment Tbk  (ISX:GSMF) 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 Equity Development Investment Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=51.00/185.29
=0.28

* 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 Equity Development Investment Tbk was 1.80. The lowest was 0.27. And the median was 0.47.


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 Equity Development Investment Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Equity Development Investment Tbk (ISX:GSMF) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Hayam Wuruk No. 8, Wisma Hayam Wuruk, 3rd Floor, Central Jakarta, IDN, 10120
PT Equity Development Investment Tbk is an Indonesia-based investment holding company engaged in the insurance business through its subsidiaries. It is also engaged in providing leasing, consumer financing, and factoring services. The company and its subsidiaries have categorized their business activity into four segments by the nature of the business which include Insurance, Financing, Securities & Stock Administration, Equity Participation, Travel Services, & Venture Capital, out of which the majority of the revenue is generated from the Insurance segment. The company's geographical segments include Java Island and Outside Java Island.

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