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Tamdeen Investment Co (KSCC) (KUW:TAMINV) Cyclically Adjusted Book per Share : KWD1.34 (As of Jun. 2024)


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What is Tamdeen Investment Co (KSCC) 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.

Tamdeen Investment Co (KSCC)'s adjusted book value per share for the three months ended in Jun. 2024 was KWD1.704. 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 KWD1.34 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Tamdeen Investment Co (KSCC)'s average Cyclically Adjusted Book Growth Rate was 10.70% 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 (2024-09-22), Tamdeen Investment Co (KSCC)'s current stock price is KWD1.04. Tamdeen Investment Co (KSCC)'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was KWD1.34. Tamdeen Investment Co (KSCC)'s Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tamdeen Investment Co (KSCC) was 0.95. The lowest was 0.03. And the median was 0.71.


Tamdeen Investment Co (KSCC) Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tamdeen Investment Co (KSCC)'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.

Tamdeen Investment Co (KSCC) Cyclically Adjusted Book per Share Chart

Tamdeen Investment Co (KSCC) 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 - - 16.22 1.16 1.27

Tamdeen Investment Co (KSCC) Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 1.21 1.24 1.27 1.32 1.34

Competitive Comparison of Tamdeen Investment Co (KSCC)'s Cyclically Adjusted Book per Share

For the Asset Management subindustry, Tamdeen Investment Co (KSCC)'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.


Tamdeen Investment Co (KSCC)'s Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tamdeen Investment Co (KSCC)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tamdeen Investment Co (KSCC)'s Cyclically Adjusted PB Ratio falls into.



Tamdeen Investment Co (KSCC) 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, Tamdeen Investment Co (KSCC)'s adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=1.704/132.5538*132.5538
=1.704

Current CPI (Jun. 2024) = 132.5538.

Tamdeen Investment Co (KSCC) Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.735 100.560 0.969
201409 0.807 100.428 1.065
201412 0.819 99.070 1.096
201503 0.934 99.621 1.243
201506 0.809 100.684 1.065
201509 0.675 100.392 0.891
201512 0.802 99.792 1.065
201603 0.789 100.470 1.041
201606 0.801 101.688 1.044
201609 0.803 101.861 1.045
201612 0.799 101.863 1.040
201703 0.958 102.862 1.235
201706 0.910 103.349 1.167
201709 0.933 104.136 1.188
201712 0.878 104.011 1.119
201803 0.981 105.290 1.235
201806 0.875 106.317 1.091
201809 0.964 106.507 1.200
201812 0.955 105.998 1.194
201903 1.190 107.251 1.471
201906 1.231 108.070 1.510
201909 1.246 108.329 1.525
201912 1.405 108.420 1.718
202003 1.135 108.902 1.382
202006 0.979 108.767 1.193
202009 1.151 109.815 1.389
202012 1.102 109.897 1.329
202103 1.081 111.754 1.282
202106 1.222 114.631 1.413
202109 1.398 115.734 1.601
202112 1.391 117.630 1.567
202203 1.588 121.301 1.735
202206 1.486 125.017 1.576
202209 1.599 125.227 1.693
202212 1.642 125.222 1.738
202303 1.652 127.348 1.720
202306 1.673 128.729 1.723
202312 1.658 129.419 1.698
202403 1.761 131.776 1.771
202406 1.704 132.554 1.704

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


Tamdeen Investment Co (KSCC)  (KUW:TAMINV) 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.

Tamdeen Investment Co (KSCC)'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.04/1.34
=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 Tamdeen Investment Co (KSCC) was 0.95. The lowest was 0.03. 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.


Tamdeen Investment Co (KSCC) Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Tamdeen Investment Co (KSCC)'s Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Tamdeen Investment Co (KSCC) Business Description

Traded in Other Exchanges
N/A
Address
South Al Sura - Al Zahra’a Area, 360 Mall- 6th Ring Road, 4th Floor, Box No. 22509, Safat, Kuwait, KWT, 13066
Tamdeen Investment Co (KSCC) conducts financial investment transactions in all economic sectors inside and outside Kuwait, performing transactions related to dealing in securities such as the purchase and sale of shares and bonds of both companies and government authorities, carrying out investment and portfolio management activities. Geographically, it derives a majority of its revenue from Kuwait.

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