/term/cyclically-adjusted-book/ISX:MDLN PT Modernland Realty Tbk (ISX:MDLN) Cyclically Adjusted Boo
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PT Modernland Realty Tbk (ISX:MDLN) Cyclically Adjusted Book per Share : Rp536.75 (As of Mar. 2024)


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What is PT Modernland Realty 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 Modernland Realty Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp322.933. 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 Rp536.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Modernland Realty Tbk's average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 Modernland Realty Tbk was 3.20% per year. The lowest was 3.20% per year. And the median was 3.20% per year.

As of today (2024-06-20), PT Modernland Realty Tbk's current stock price is Rp50.00. PT Modernland Realty Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp536.75. PT Modernland Realty Tbk's Cyclically Adjusted PB Ratio of today is 0.09.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Modernland Realty Tbk was 0.25. The lowest was 0.09. And the median was 0.13.

PT Modernland Realty Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Modernland Realty 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 Modernland Realty Tbk Cyclically Adjusted Book per Share Chart

PT Modernland Realty 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 - 489.71 487.39 525.73 537.90

PT Modernland Realty 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 531.02 534.88 537.29 537.90 536.75

Competitive Comparison of PT Modernland Realty Tbk's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, PT Modernland Realty 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 Modernland Realty Tbk's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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


PT Modernland Realty 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 Modernland Realty 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)
=322.933/130.6070*130.6070
=322.933

Current CPI (Mar. 2024) = 130.6070.

PT Modernland Realty Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 409.204 93.015 574.585
201409 411.313 94.576 568.013
201412 424.701 98.819 561.316
201503 440.032 98.388 584.131
201506 431.411 99.766 564.774
201509 438.397 101.037 566.703
201512 483.317 102.133 618.064
201603 487.962 102.764 620.172
201606 484.990 103.212 613.716
201609 485.192 104.142 608.489
201612 526.233 105.222 653.188
201703 544.159 106.476 667.484
201706 538.159 107.722 652.491
201709 539.598 108.020 652.426
201712 564.701 109.017 676.536
201803 578.982 110.097 686.844
201806 573.018 111.085 673.722
201809 581.964 111.135 683.933
201812 510.336 112.430 592.845
201903 629.392 112.829 728.566
201906 587.423 114.730 668.713
201909 592.721 114.905 673.720
201912 500.695 115.486 566.253
202003 590.408 116.252 663.311
202006 577.276 116.630 646.458
202009 492.937 116.397 553.118
202012 353.235 117.318 393.247
202103 328.391 117.840 363.970
202106 318.538 118.184 352.022
202109 314.445 118.262 347.270
202112 350.213 119.516 382.712
202203 354.361 120.948 382.660
202206 380.233 123.322 402.693
202209 370.947 125.298 386.663
202212 353.681 126.098 366.329
202303 368.627 126.953 379.238
202306 359.864 127.663 368.163
202309 347.855 128.151 354.520
202312 344.613 129.395 347.842
202403 322.933 130.607 322.933

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

PT Modernland Realty Tbk  (ISX:MDLN) 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 Modernland Realty Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.00/536.75
=0.09

* 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 Modernland Realty Tbk was 0.25. The lowest was 0.09. And the median was 0.13.

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 Modernland Realty Tbk Cyclically Adjusted Book per Share Related Terms

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

PT Modernland Realty Tbk (ISX:MDLN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Modernland Realty Tbk (ISX:MDLN) » Definitions » Cyclically Adjusted Book per Share
Comparable Companies
ISX:SMDM ISX:RODA ISX:GRIA ISX:AMAN ISX:TRIN ISX:URBN ISX:ROCK ISX:HOMI ISX:POLL ISX:CITY HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979
Traded in Other Exchanges
N/A
Address
Jalan Gajah Mada No. 188, Commercial Area, 5th Floor, Green Central City, Jakarta Barat, Jakarta, IDN, 11120
Website
https://www.modernland.co.id
PT Modernland Realty Tbk is engaged in property development of residential housing, industrial areas, warehousing, and apartments; management of the hotel and office buildings; the panel manufacturing industry; golf-course services and management; and investment in property, facilities, and infrastructure. The company's segment comprises Residential, Industrial and Hospitality. The majority of its revenue gets derived from the Residential segment.

PT Modernland Realty Tbk (ISX:MDLN) Headlines

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