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PT Merdeka Copper Gold Tbk (ISX:MDKA) Cyclically Adjusted Book per Share : Rp350.99 (As of Mar. 2024)


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What is PT Merdeka Copper Gold 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 Merdeka Copper Gold Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp607.366. 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 Rp350.99 for the trailing ten years ended in Mar. 2024.

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 (2024-09-21), PT Merdeka Copper Gold Tbk's current stock price is Rp2260.00. PT Merdeka Copper Gold Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp350.99. PT Merdeka Copper Gold Tbk's Cyclically Adjusted PB Ratio of today is 6.44.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of PT Merdeka Copper Gold Tbk was 8.03. The lowest was 6.30. And the median was 6.83.


PT Merdeka Copper Gold Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Merdeka Copper Gold 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 Merdeka Copper Gold Tbk Cyclically Adjusted Book per Share Chart

PT Merdeka Copper Gold Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
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PT Merdeka Copper Gold 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 - - - - 350.99

Competitive Comparison of PT Merdeka Copper Gold Tbk's Cyclically Adjusted Book per Share

For the Other Industrial Metals & Mining subindustry, PT Merdeka Copper Gold 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 Merdeka Copper Gold Tbk's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Merdeka Copper Gold Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Merdeka Copper Gold Tbk's Cyclically Adjusted PB Ratio falls into.



PT Merdeka Copper Gold 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 Merdeka Copper Gold 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)
=607.366/130.6070*130.6070
=607.366

Current CPI (Mar. 2024) = 130.6070.

PT Merdeka Copper Gold Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 93.015 0.000
201409 0.000 94.576 0.000
201412 13.019 98.819 17.207
201503 0.000 98.388 0.000
201506 112.999 99.766 147.931
201509 121.622 101.037 157.217
201512 115.233 102.133 147.359
201603 109.960 102.764 139.753
201606 101.756 103.212 128.764
201609 99.532 104.142 124.825
201612 111.917 105.222 138.917
201703 109.730 106.476 134.599
201706 103.654 107.722 125.675
201709 119.592 108.020 144.598
201712 134.455 109.017 161.083
201803 153.216 110.097 181.759
201806 183.793 111.085 216.093
201809 256.102 111.135 300.975
201812 241.086 112.430 280.064
201903 249.924 112.829 289.305
201906 264.892 114.730 301.549
201909 302.855 114.905 344.242
201912 305.299 115.486 345.273
202003 364.683 116.252 409.714
202006 332.413 116.630 372.250
202009 361.226 116.397 405.327
202012 336.198 117.318 374.280
202103 430.870 117.840 477.552
202106 448.032 118.184 495.128
202109 472.589 118.262 521.922
202112 459.209 119.516 501.823
202203 487.934 120.948 526.900
202206 635.857 123.322 673.417
202209 644.270 125.298 671.566
202212 656.385 126.098 679.858
202303 629.716 126.953 647.843
202306 570.724 127.663 583.886
202309 599.421 128.151 610.907
202312 594.255 129.395 599.823
202403 607.366 130.607 607.366

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


PT Merdeka Copper Gold Tbk  (ISX:MDKA) 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 Merdeka Copper Gold Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2260.00/350.99
=6.44

* 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 10 years, the highest Cyclically Adjusted PB Ratio of PT Merdeka Copper Gold Tbk was 8.03. The lowest was 6.30. And the median was 6.83.


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 Merdeka Copper Gold Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Merdeka Copper Gold Tbk Business Description

Traded in Other Exchanges
Address
Jalan Jenderal Sudirman Kav. 52-53, Treasury Tower, 67th-68th Floor, District 8 SCBD Lot. 28, Senayan, Kebayoran Baru, South Jakarta, Jakarta, IDN, 12190
PT Merdeka Copper Gold Tbk is a holding company. It is engaged in the mining businesses, encompassing the exploration and future production of gold, silver, copper and other related minerals. The company's operations and projects consist of Tujuh Bukit Gold, Wetar Copper, Tujuh Bukit Copper, Pani Gold, and Wetar Morowali AIM. Its geographical segment includes Hong Kong, Singapore, Switzerland, Korea, Monaco, Indonesia, and China.

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