GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » First Gen Corp (PHS:FGEN) » Definitions » Cyclically Adjusted Book per Share

First Gen (PHS:FGEN) Cyclically Adjusted Book per Share : ₱38.04 (As of Mar. 2025)


View and export this data going back to 2006. Start your Free Trial

What is First Gen 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.

First Gen's adjusted book value per share for the three months ended in Mar. 2025 was ₱43.050. 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 ₱38.04 for the trailing ten years ended in Mar. 2025.

During the past 12 months, First Gen's average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 First Gen was 9.40% per year. The lowest was 7.00% per year. And the median was 8.85% per year.

As of today (2025-05-29), First Gen's current stock price is ₱16.42. First Gen's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₱38.04. First Gen's Cyclically Adjusted PB Ratio of today is 0.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of First Gen was 1.17. The lowest was 0.42. And the median was 0.67.


First Gen Cyclically Adjusted Book per Share Historical Data

The historical data trend for First Gen'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.

First Gen Cyclically Adjusted Book per Share Chart

First Gen Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.06 30.46 33.37 35.44 37.32

First Gen Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 36.37 36.73 37.05 37.32 38.04

Competitive Comparison of First Gen's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, First Gen'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.


First Gen's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

First Gen 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, First Gen's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=43.05/134.9266*134.9266
=43.050

Current CPI (Mar. 2025) = 134.9266.

First Gen Quarterly Data

Book Value per Share CPI Adj_Book
201506 25.517 100.684 34.195
201509 24.873 100.392 33.429
201512 23.620 99.792 31.936
201603 25.052 100.470 33.644
201606 25.065 101.688 33.258
201609 24.845 101.861 32.910
201612 24.635 101.863 32.631
201703 25.059 102.862 32.870
201706 25.009 103.349 32.650
201709 27.564 104.136 35.714
201712 28.033 104.011 36.365
201803 27.254 105.290 34.926
201806 27.247 106.317 34.579
201809 25.876 106.507 32.781
201812 27.752 105.998 35.326
201903 29.096 107.251 36.604
201906 30.226 108.070 37.738
201909 30.361 108.329 37.815
201912 31.960 108.420 39.774
202003 32.983 108.902 40.865
202006 33.546 108.767 41.614
202009 35.179 109.815 43.223
202012 36.623 109.897 44.964
202103 35.947 111.754 43.401
202106 36.338 114.631 42.772
202109 36.255 115.734 42.267
202112 36.396 117.630 41.748
202203 37.066 121.301 41.230
202206 36.019 125.017 38.874
202209 34.042 125.227 36.679
202212 36.024 125.222 38.816
202303 38.048 127.348 40.312
202306 38.430 128.729 40.280
202309 39.035 129.860 40.558
202312 40.081 129.419 41.787
202403 40.802 131.776 41.777
202406 40.027 132.554 40.744
202409 42.415 133.029 43.020
202412 41.423 133.157 41.973
202503 43.050 134.927 43.050

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


First Gen  (PHS:FGEN) 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.

First Gen's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.42/38.04
=0.43

* 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 First Gen was 1.17. The lowest was 0.42. And the median was 0.67.


Be Aware

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


First Gen Cyclically Adjusted Book per Share Related Terms

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


First Gen Business Description

Traded in Other Exchanges
N/A
Address
Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604
First Gen Corporation is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FG Hydro, FNPC, and Prime Meridian. The company only operates in Philippines.