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HF Group (NAI:HFCK) Cyclically Adjusted Book per Share : KES31.01 (As of Mar. 2024)


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What is HF Group 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.

HF Group's adjusted book value per share for the three months ended in Mar. 2024 was KES23.407. 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 KES31.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, HF Group's average Cyclically Adjusted Book Growth Rate was 2.20% 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 (2024-06-19), HF Group's current stock price is KES4.04. HF Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was KES31.01. HF Group's Cyclically Adjusted PB Ratio of today is 0.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of HF Group was 0.65. The lowest was 0.10. And the median was 0.13.


HF Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for HF Group'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.

HF Group Cyclically Adjusted Book per Share Chart

HF Group 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 - - 28.47 29.86 30.64

HF Group 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 30.34 30.65 30.85 30.64 31.01

Competitive Comparison of HF Group's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, HF Group'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.


HF Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, HF Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where HF Group's Cyclically Adjusted PB Ratio falls into.



HF Group 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, HF Group'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)
=23.407/131.7762*131.7762
=23.407

Current CPI (Mar. 2024) = 131.7762.

HF Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.578 100.560 26.966
201409 20.597 100.428 27.026
201412 22.951 99.070 30.528
201503 35.384 99.621 46.805
201506 34.807 100.684 45.556
201509 22.790 100.392 29.915
201512 27.679 99.792 36.550
201603 28.653 100.470 37.581
201606 28.623 101.688 37.092
201609 29.200 101.861 37.776
201612 29.375 101.863 38.001
201703 29.611 102.862 37.934
201706 29.413 103.349 37.503
201709 29.387 104.136 37.187
201712 29.773 104.011 37.721
201803 29.382 105.290 36.773
201806 28.961 106.317 35.896
201809 28.111 106.507 34.781
201812 26.965 105.998 33.523
201903 26.689 107.251 32.792
201906 26.966 108.070 32.881
201909 27.147 108.329 33.023
201912 26.498 108.420 32.206
202003 26.564 108.902 32.144
202006 25.807 108.767 31.266
202009 24.838 109.815 29.805
202012 22.261 109.897 26.693
202103 21.543 111.754 25.403
202106 21.336 114.631 24.527
202109 20.791 115.734 23.673
202112 21.400 117.630 23.974
202203 20.462 121.301 22.229
202206 20.679 125.017 21.797
202209 20.650 125.227 21.730
202212 22.686 125.222 23.873
202303 22.859 127.348 23.654
202306 23.030 128.729 23.575
202309 22.635 129.860 22.969
202312 23.050 129.419 23.470
202403 23.407 131.776 23.407

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


HF Group  (NAI:HFCK) 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.

HF Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.04/31.01
=0.13

* 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 HF Group was 0.65. The lowest was 0.10. And the median was 0.13.


Be Aware

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


HF Group Cyclically Adjusted Book per Share Related Terms

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


HF Group (NAI:HFCK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HF Group PLC (NAI:HFCK) » Definitions » Cyclically Adjusted Book per Share
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Address
Rehani House, Kenyatta Avenue/Koinange Street, Plot No. LR 209/9054, P.O. Box 30088, Nairobi, KEN, 00100
HF Group PLC is a provider of integrated property and financial solutions. It is engaged in the business of mortgage lending, corporate and retail banking solutions, property development, bancassurance services, and social investment. The company operates through four segments namely Retail banking, Corporate banking and Property development, and Bancassurance. Its Retail segment is further split between Retail loans and Retail deposits. The Corporate segment is moreover divided into Schemes mortgages, Projects, Corporate deposits and Short-term loans. Property development consists of the development of housing projects and the sale of houses. Bancassurance includes procuring insurance business and earning commissions.

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