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Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Cyclically Adjusted Book per Share : KWD0.37 (As of Mar. 2024)


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What is Heavy Engineering Industries and Shipbuilding Co KSC 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.

Heavy Engineering Industries and Shipbuilding Co KSC's adjusted book value per share for the three months ended in Mar. 2024 was KWD0.419. 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 KWD0.37 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 (2024-06-09), Heavy Engineering Industries and Shipbuilding Co KSC's current stock price is KWD0.91. Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was KWD0.37. Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PB Ratio of today is 2.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Heavy Engineering Industries and Shipbuilding Co KSC was 2.46. The lowest was 2.18. And the median was 2.34.


Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Heavy Engineering Industries and Shipbuilding Co KSC'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.

Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted Book per Share Chart

Heavy Engineering Industries and Shipbuilding Co KSC 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 - - - - 0.36

Heavy Engineering Industries and Shipbuilding Co KSC 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 - - - 0.36 0.37

Competitive Comparison of Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Heavy Engineering Industries and Shipbuilding Co KSC'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.


Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PB Ratio falls into.



Heavy Engineering Industries and Shipbuilding Co KSC 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, Heavy Engineering Industries and Shipbuilding Co KSC'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)
=0.419/131.7762*131.7762
=0.419

Current CPI (Mar. 2024) = 131.7762.

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data

Book Value per Share CPI Adj_Book
201203 0.182 96.783 0.248
201206 0.173 96.819 0.235
201209 0.175 97.633 0.236
201212 0.178 96.871 0.242
201312 0.198 98.326 0.265
201412 0.202 99.070 0.269
201512 0.223 99.792 0.294
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 0.255 101.863 0.330
201703 0.263 102.862 0.337
201706 0.263 103.349 0.335
201709 0.272 104.136 0.344
201712 0.279 104.011 0.353
201803 0.288 105.290 0.360
201806 0.283 106.317 0.351
201809 0.297 106.507 0.367
201812 0.310 105.998 0.385
201903 0.326 107.251 0.401
201906 0.312 108.070 0.380
201909 0.327 108.329 0.398
201912 0.346 108.420 0.421
202003 0.355 108.902 0.430
202006 0.373 108.767 0.452
202009 0.357 109.815 0.428
202012 0.367 109.897 0.440
202103 0.376 111.754 0.443
202106 0.362 114.631 0.416
202109 0.369 115.734 0.420
202112 0.382 117.630 0.428
202203 0.389 121.301 0.423
202206 0.373 125.017 0.393
202209 0.379 125.227 0.399
202212 0.392 125.222 0.413
202303 0.396 127.348 0.410
202306 0.385 128.729 0.394
202309 0.393 129.860 0.399
202312 0.411 129.419 0.418
202403 0.419 131.776 0.419

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


Heavy Engineering Industries and Shipbuilding Co KSC  (KUW:SHIP) 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.

Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.91/0.37
=2.46

* 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 Heavy Engineering Industries and Shipbuilding Co KSC was 2.46. The lowest was 2.18. And the median was 2.34.


Be Aware

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


Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Business Description

Traded in Other Exchanges
N/A
Address
Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080
Heavy Engineering Industries and Shipbuilding Company is an Engineering, Procurement and Construction Contracting company based in Kuwait with a diversified range of business in Oil and Gas, Refineries, Petrochemicals, Power, Distillation and Desalination, Shipbuilding and Repair, Marine Services, and Construction sectors. It delivers diversified services to the industry with civil, mechanical, electrical and instrumentation constructions, maintenance, fabrication, galvanizing, shipyard services, and onshore & offshore operations.