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PT United Tractors Tbk (ISX:UNTR) Cyclically Adjusted Book per Share : Rp17,193.30 (As of Mar. 2024)


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What is PT United Tractors 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 United Tractors Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp23,466.898. 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 Rp17,193.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT United Tractors Tbk's average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.00% 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 United Tractors Tbk was 10.10% per year. The lowest was 9.20% per year. And the median was 9.40% per year.

As of today (2024-05-24), PT United Tractors Tbk's current stock price is Rp22600.00. PT United Tractors Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp17,193.30. PT United Tractors Tbk's Cyclically Adjusted PB Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT United Tractors Tbk was 2.84. The lowest was 1.19. And the median was 1.75.


PT United Tractors Tbk Cyclically Adjusted Book per Share Historical Data

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

PT United Tractors 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 11,759.90 12,820.10 13,646.30 15,411.40 16,775.20

PT United Tractors 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 15,822.50 16,109.00 16,386.60 16,775.20 17,193.30

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

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

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

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



PT United Tractors 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 United Tractors 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)
=23466.898/130.6070*130.6070
=23,466.898

Current CPI (Mar. 2024) = 130.6070.

PT United Tractors Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 9,413.198 93.015 13,217.569
201409 9,664.226 94.576 13,346.045
201412 9,815.500 98.819 12,972.888
201503 10,305.996 98.388 13,680.944
201506 10,274.334 99.766 13,450.460
201509 10,743.710 101.037 13,888.074
201512 10,165.764 102.133 12,999.937
201603 10,327.648 102.764 13,125.846
201606 10,189.749 103.212 12,894.321
201609 10,324.516 104.142 12,948.175
201612 10,954.027 105.222 13,596.719
201703 11,350.003 106.476 13,922.304
201706 11,469.991 107.722 13,906.798
201709 11,795.023 108.020 14,261.311
201712 12,161.061 109.017 14,569.481
201803 12,983.331 110.097 15,402.069
201806 13,199.829 111.085 15,519.600
201809 13,917.012 111.135 16,355.490
201812 14,417.510 112.430 16,748.460
201903 15,073.645 112.829 17,448.814
201906 14,691.303 114.730 16,724.341
201909 14,975.364 114.905 17,021.837
201912 15,605.864 115.486 17,649.212
202003 16,915.779 116.252 19,004.520
202006 15,742.871 116.630 17,629.535
202009 16,283.346 116.397 18,271.315
202012 16,161.963 117.318 17,992.667
202103 17,159.570 117.840 19,018.701
202106 17,315.045 118.184 19,135.145
202109 17,723.458 118.262 19,573.604
202112 18,379.987 119.516 20,085.620
202203 19,707.157 120.948 21,280.950
202206 20,848.676 123.322 22,080.198
202209 21,255.344 125.298 22,155.883
202212 23,321.187 126.098 24,155.161
202303 24,296.386 126.953 24,995.790
202306 19,780.693 127.663 20,236.866
202309 20,578.457 128.151 20,972.775
202312 21,821.227 129.395 22,025.670
202403 23,466.898 130.607 23,466.898

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


PT United Tractors Tbk  (ISX:UNTR) 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 United Tractors Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22600.00/17193.3
=1.31

* 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 United Tractors Tbk was 2.84. The lowest was 1.19. And the median was 1.75.


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 United Tractors Tbk Cyclically Adjusted Book per Share Related Terms

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


PT United Tractors Tbk (ISX:UNTR) Business Description

Traded in Other Exchanges
Address
Jalan Raya Bekasi Km. 22, Cakung, Jakarta Timur, Jakarta, IDN, 13910
PT United Tractors Tbk is one of the largest distributors of heavy equipment in Indonesia. It manufactures construction machinery and provides mining services to help customers tap natural resources. The machinery is distributed under various brands and works in the mining, construction, forestry, material handling, and transportation sectors. The company operates contact centers to deliver spare parts, mechanics support, and repair machines for customers. United Tractors operates five business segments: construction machinery, mining contracting (a majority of total revenues), coal mining, gold mining, and construction industry. Mining services pertain to mine design, exploration, extracting, and hauling commodities. The majority of total sales are generated in Indonesia.

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