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MWTCY (Manila Water Co) Cyclically Adjusted Book per Share : $8.31 (As of Jun. 2024)


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What is Manila Water Co 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.

Manila Water Co's adjusted book value per share for the three months ended in Jun. 2024 was $10.841. 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 $8.31 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Manila Water Co's average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.90% 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 Manila Water Co was 12.00% per year. The lowest was 10.40% per year. And the median was 11.30% per year.

As of today (2024-09-21), Manila Water Co's current stock price is $12.60. Manila Water Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $8.31. Manila Water Co's Cyclically Adjusted PB Ratio of today is 1.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Manila Water Co was 2.49. The lowest was 0.47. And the median was 0.91.


Manila Water Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Manila Water Co'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.

Manila Water Co Cyclically Adjusted Book per Share Chart

Manila Water Co 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 7.68 8.53 9.73 10.53 10.60

Manila Water Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 10.45 10.21 10.60 9.90 8.31

Competitive Comparison of Manila Water Co's Cyclically Adjusted Book per Share

For the Utilities - Regulated Water subindustry, Manila Water Co'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.


Manila Water Co's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Water Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Manila Water Co's Cyclically Adjusted PB Ratio falls into.



Manila Water Co 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, Manila Water Co'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)
=10.841/132.5538*132.5538
=10.841

Current CPI (Jun. 2024) = 132.5538.

Manila Water Co Quarterly Data

Book Value per Share CPI Adj_Book
201409 6.301 100.428 8.317
201412 6.344 99.070 8.488
201503 6.433 99.621 8.560
201506 6.636 100.684 8.737
201509 6.781 100.392 8.953
201512 7.035 99.792 9.345
201603 7.123 100.470 9.398
201606 7.428 101.688 9.683
201609 7.753 101.861 10.089
201612 9.402 101.863 12.235
201703 9.513 102.862 12.259
201706 8.302 103.349 10.648
201709 8.787 104.136 11.185
201712 10.313 104.011 13.143
201803 8.803 105.290 11.083
201806 9.139 106.317 11.394
201809 9.446 106.507 11.756
201812 9.493 105.998 11.871
201903 9.508 107.251 11.751
201906 9.783 108.070 11.999
201909 12.045 108.329 14.738
201912 11.816 108.420 14.446
202003 12.082 108.902 14.706
202006 12.319 108.767 15.013
202009 12.437 109.815 15.012
202012 10.653 109.897 12.849
202103 10.905 111.754 12.935
202106 9.117 114.631 10.542
202109 9.260 115.734 10.606
202112 9.101 117.630 10.256
202203 12.423 121.301 13.575
202206 9.509 125.017 10.082
202209 12.990 125.227 13.750
202212 9.834 125.222 10.410
202303 9.880 127.348 10.284
202306 10.197 128.729 10.500
202309 10.388 129.860 10.604
202312 10.428 129.419 10.681
202403 10.397 131.776 10.458
202406 10.841 132.554 10.841

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


Manila Water Co  (OTCPK:MWTCY) 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.

Manila Water Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.60/8.31
=1.52

* 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 Manila Water Co was 2.49. The lowest was 0.47. And the median was 0.91.


Be Aware

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


Manila Water Co Cyclically Adjusted Book per Share Related Terms

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


Manila Water Co Business Description

Traded in Other Exchanges
Address
489 Katipunan Road, 2nd Floor, MWSS Administration Building, Balara, Quezon, PHL, 1105
Manila Water Co Inc is a water and wastewater management company. Its operations can be divided among Metro Manila East Zone and Manila Water Philippine Ventures, which operate across municipalities in the Philippines, and Manila Water Asia Pacific, which operates in Vietnam, Myanmar, and Indonesia. The segments of the company consist of Manila Concession and Head Office, Domestic Subsidiaries, and Foreign Subsidiaries. The Manila Concession and Head Office generate maximum revenue for the company.

Manila Water Co Headlines

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