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PT Paninvest Tbk (ISX:PNIN) Cyclically Adjusted Book per Share : Rp4,094.41 (As of Mar. 2024)


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What is PT Paninvest 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 Paninvest Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp4,954.348. 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 Rp4,094.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Paninvest Tbk's average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.00% 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 Paninvest Tbk was 11.00% per year. The lowest was 11.00% per year. And the median was 11.00% per year.

As of today (2024-06-10), PT Paninvest Tbk's current stock price is Rp900.00. PT Paninvest Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp4,094.41. PT Paninvest Tbk's Cyclically Adjusted PB Ratio of today is 0.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Paninvest Tbk was 0.56. The lowest was 0.21. And the median was 0.26.


PT Paninvest Tbk Cyclically Adjusted Book per Share Historical Data

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

PT Paninvest 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 - 2,919.83 3,144.81 3,605.59 3,996.60

PT Paninvest 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 3,705.13 3,805.14 3,898.89 3,996.60 4,094.41

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

For the Insurance - Life subindustry, PT Paninvest 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 Paninvest Tbk's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



PT Paninvest 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 Paninvest 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)
=4954.348/130.6070*130.6070
=4,954.348

Current CPI (Mar. 2024) = 130.6070.

PT Paninvest Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,856.920 93.015 2,607.400
201409 1,901.577 94.576 2,626.028
201412 1,967.026 98.819 2,599.766
201503 2,017.577 98.388 2,678.281
201506 2,068.653 99.766 2,708.140
201509 2,428.871 101.037 3,139.729
201512 2,112.525 102.133 2,701.488
201603 2,203.245 102.764 2,800.198
201606 2,271.532 103.212 2,874.444
201609 2,751.438 104.142 3,450.632
201612 2,912.441 105.222 3,615.076
201703 2,982.053 106.476 3,657.889
201706 3,045.113 107.722 3,692.049
201709 3,110.562 108.020 3,760.967
201712 3,173.683 109.017 3,802.211
201803 3,229.938 110.097 3,831.661
201806 3,274.573 111.085 3,850.055
201809 3,370.383 111.135 3,960.927
201812 3,680.689 112.430 4,275.764
201903 3,792.920 112.829 4,390.574
201906 3,902.307 114.730 4,442.323
201909 3,979.395 114.905 4,523.203
201912 4,075.571 115.486 4,609.204
202003 3,893.917 116.252 4,374.733
202006 4,015.525 116.630 4,496.755
202009 4,090.249 116.397 4,589.611
202012 4,329.659 117.318 4,820.090
202103 4,256.201 117.840 4,717.334
202106 4,393.617 118.184 4,855.459
202109 4,453.377 118.262 4,918.264
202112 4,171.993 119.516 4,559.147
202203 4,569.457 120.948 4,934.369
202206 4,805.889 123.322 5,089.771
202209 4,891.569 125.298 5,098.813
202212 4,672.634 126.098 4,839.729
202303 5,086.352 126.953 5,232.770
202306 5,283.407 127.663 5,405.250
202309 5,260.832 128.151 5,361.639
202312 4,884.698 129.395 4,930.463
202403 4,954.348 130.607 4,954.348

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


PT Paninvest Tbk  (ISX:PNIN) 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 Paninvest Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=900.00/4094.41
=0.22

* 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 Paninvest Tbk was 0.56. The lowest was 0.21. And the median was 0.26.


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 Paninvest Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Paninvest Tbk (ISX:PNIN) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan. Palmerah Utara No. 52, Panin Bank Plaza 6th Floor, Jakarta, IDN, 11480
PT Paninvest Tbk is an Indonesia-based company primarily engaged in providing life insurance products. The group classifies their lines of business into life insurance which comprises death, personal health, personal accident, unit link, and others. Geographically, all the business activity functions through the region of Indonesia and it derives most of the income in the form of premiums and commissions.

PT Paninvest Tbk (ISX:PNIN) Headlines

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