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Attock Cement Pakistan (KAR:ACPL) Cyclically Adjusted Book per Share : ₨132.86 (As of Mar. 2024)


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What is Attock Cement Pakistan 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.

Attock Cement Pakistan's adjusted book value per share for the three months ended in Mar. 2024 was ₨155.554. 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 ₨132.86 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Attock Cement Pakistan's average Cyclically Adjusted Book Growth Rate was 9.70% 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.

As of today (2024-06-13), Attock Cement Pakistan's current stock price is ₨103.30. Attock Cement Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨132.86. Attock Cement Pakistan's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Attock Cement Pakistan was 1.44. The lowest was 0.44. And the median was 0.71.


Attock Cement Pakistan Cyclically Adjusted Book per Share Historical Data

The historical data trend for Attock Cement Pakistan'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.

Attock Cement Pakistan Cyclically Adjusted Book per Share Chart

Attock Cement Pakistan Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 113.92 125.23

Attock Cement Pakistan 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 121.07 125.23 126.90 128.53 132.86

Competitive Comparison of Attock Cement Pakistan's Cyclically Adjusted Book per Share

For the Building Materials subindustry, Attock Cement Pakistan'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.


Attock Cement Pakistan's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Attock Cement Pakistan's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Attock Cement Pakistan's Cyclically Adjusted PB Ratio falls into.



Attock Cement Pakistan 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, Attock Cement Pakistan'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)
=155.554/131.7762*131.7762
=155.554

Current CPI (Mar. 2024) = 131.7762.

Attock Cement Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201406 61.458 100.560 80.536
201409 56.548 100.428 74.199
201412 60.582 99.070 80.582
201503 61.337 99.621 81.135
201506 65.017 100.684 85.095
201509 59.770 100.392 78.455
201512 64.656 99.792 85.378
201603 71.504 100.470 93.784
201606 76.017 101.688 98.509
201609 81.044 101.861 104.846
201612 75.628 101.863 97.837
201703 81.687 102.862 104.649
201706 86.934 103.349 110.846
201709 91.353 104.136 115.601
201712 84.494 104.011 107.049
201803 89.960 105.290 112.590
201806 109.802 106.317 136.096
201809 113.189 106.507 140.044
201812 110.955 105.998 137.939
201903 116.699 107.251 143.385
201906 123.377 108.070 150.442
201909 121.776 108.329 148.133
201912 125.933 108.420 153.062
202003 132.410 108.902 160.223
202006 133.633 108.767 161.902
202009 137.000 109.815 164.398
202012 135.771 109.897 162.802
202103 138.778 111.754 163.641
202106 142.209 114.631 163.478
202109 144.628 115.734 164.675
202112 146.828 117.630 164.486
202203 148.066 121.301 160.853
202206 154.523 125.017 162.878
202209 156.062 125.227 164.224
202212 162.998 125.222 171.530
202303 166.984 127.348 172.791
202306 185.463 128.729 189.854
202309 149.259 129.860 151.462
202312 156.564 129.419 159.415
202403 155.554 131.776 155.554

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


Attock Cement Pakistan  (KAR:ACPL) 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.

Attock Cement Pakistan's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=103.30/132.86
=0.78

* 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 Attock Cement Pakistan was 1.44. The lowest was 0.44. And the median was 0.71.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Attock Cement Pakistan Cyclically Adjusted Book per Share Related Terms

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


Attock Cement Pakistan (KAR:ACPL) Business Description

Traded in Other Exchanges
N/A
Address
Kehkashan-5, D-70, Block-4, Clifton, Karachi, SD, PAK, 75600
Attock Cement Pakistan Ltd is engaged in the business of producing and marketing of cement. Its product offering includes Falcon Ordinary Portland cement, Falcon Sulphate resistant cement, Falcon Rock Cement, and Falcon Block cement.

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