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PT PP Properti Tbk (ISX:PPRO) Cyclically Adjusted Book per Share : Rp69.65 (As of Mar. 2024)


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What is PT PP Properti 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 PP Properti Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp40.234. 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 Rp69.65 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 (2024-06-05), PT PP Properti Tbk's current stock price is Rp10.00. PT PP Properti Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp69.65. PT PP Properti Tbk's Cyclically Adjusted PB Ratio of today is 0.14.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of PT PP Properti Tbk was 0.32. The lowest was 0.14. And the median was 0.19.


PT PP Properti Tbk Cyclically Adjusted Book per Share Historical Data

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

PT PP Properti Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
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PT PP Properti 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 - - - - 69.65

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

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

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

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



PT PP Properti 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 PP Properti 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)
=40.234/130.6070*130.6070
=40.234

Current CPI (Mar. 2024) = 130.6070.

PT PP Properti 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 18.960 98.819 25.059
201503 0.000 98.388 0.000
201506 36.685 99.766 48.026
201509 37.753 101.037 48.802
201512 44.756 102.133 57.234
201603 46.368 102.764 58.931
201606 46.484 103.212 58.822
201609 48.321 104.142 60.600
201612 50.606 105.222 62.815
201703 50.509 106.476 61.956
201706 71.896 107.722 87.170
201709 73.750 108.020 89.171
201712 77.533 109.017 92.888
201803 79.078 110.097 93.810
201806 79.025 111.085 92.913
201809 81.063 111.135 95.267
201812 61.962 112.430 71.980
201903 0.000 112.829 0.000
201906 86.527 114.730 98.501
201909 87.466 114.905 99.419
201912 63.328 115.486 71.620
202003 65.161 116.252 73.207
202006 68.778 116.630 77.021
202009 65.097 116.397 73.044
202012 63.516 117.318 70.711
202103 65.022 117.840 72.067
202106 65.033 118.184 71.869
202109 64.633 118.262 71.380
202112 64.248 119.516 70.210
202203 64.269 120.948 69.401
202206 64.741 123.322 68.565
202209 64.750 125.298 67.493
202212 64.726 126.098 67.041
202303 64.758 126.953 66.622
202306 64.068 127.663 65.546
202309 62.780 128.151 63.983
202312 43.598 129.395 44.006
202403 40.234 130.607 40.234

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


PT PP Properti Tbk  (ISX:PPRO) 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 PP Properti Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.00/69.65
=0.14

* 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 11 years, the highest Cyclically Adjusted PB Ratio of PT PP Properti Tbk was 0.32. The lowest was 0.14. And the median was 0.19.


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 PP Properti Tbk Cyclically Adjusted Book per Share Related Terms

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


PT PP Properti Tbk (ISX:PPRO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Letjend. TB. Simatupang No. 57, Plaza PP, 7th Floor, Pasar Rebo, Jakarta Timur, Jakarta, IDN, 13760
PP Properti TBK is an Indonesian property development company that specializes in developing residential, mall/entertainment, and hotel properties. PT PP Persero Tbk is the majority shareholder in PP Properti TBK and is PP Properti TBK's parent company with almost 65% of shares held. The Government of the Republic of Indonesia holds 51% of PT PP Persero TBK; therefore, it is the ultimate owner of PP Properti TBK.

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