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GMA Network (PHS:GMA7) Cyclically Adjusted Book per Share : ₱3.25 (As of Mar. 2024)


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What is GMA Network 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.

GMA Network's adjusted book value per share for the three months ended in Mar. 2024 was ₱4.038. 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 ₱3.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GMA Network's average Cyclically Adjusted Book Growth Rate was 4.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.50% 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 GMA Network was 5.10% per year. The lowest was 0.50% per year. And the median was 2.70% per year.

As of today (2024-06-21), GMA Network's current stock price is ₱7.21. GMA Network's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱3.25. GMA Network's Cyclically Adjusted PB Ratio of today is 2.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GMA Network was 5.64. The lowest was 1.69. And the median was 2.61.


GMA Network Cyclically Adjusted Book per Share Historical Data

The historical data trend for GMA Network'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.

GMA Network Cyclically Adjusted Book per Share Chart

GMA Network 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 2.80 2.74 2.87 3.03 3.18

GMA Network 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 3.12 3.15 3.17 3.18 3.25

Competitive Comparison of GMA Network's Cyclically Adjusted Book per Share

For the Broadcasting subindustry, GMA Network'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.


GMA Network's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, GMA Network's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GMA Network 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, GMA Network'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)
=4.038/131.7762*131.7762
=4.038

Current CPI (Mar. 2024) = 131.7762.

GMA Network Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.397 100.560 3.141
201409 2.522 100.428 3.309
201412 2.437 99.070 3.242
201503 2.195 99.621 2.903
201506 2.399 100.684 3.140
201509 2.608 100.392 3.423
201512 2.689 99.792 3.551
201603 2.988 100.470 3.919
201606 2.814 101.688 3.647
201609 3.032 101.861 3.922
201612 2.650 101.863 3.428
201703 1.843 102.862 2.361
201706 2.054 103.349 2.619
201709 2.283 104.136 2.889
201712 2.351 104.011 2.979
201803 2.477 105.290 3.100
201806 1.992 106.317 2.469
201809 2.211 106.507 2.736
201812 2.388 105.998 2.969
201903 1.950 107.251 2.396
201906 2.137 108.070 2.606
201909 2.384 108.329 2.900
201912 2.406 108.420 2.924
202003 2.576 108.902 3.117
202006 2.388 108.767 2.893
202009 3.131 109.815 3.757
202012 3.365 109.897 4.035
202103 2.006 111.754 2.365
202106 2.475 114.631 2.845
202109 3.172 115.734 3.612
202112 3.859 117.630 4.323
202203 2.390 121.301 2.596
202206 2.945 125.017 3.104
202209 3.270 125.227 3.441
202212 4.128 125.222 4.344
202303 4.307 127.348 4.457
202306 2.890 128.729 2.958
202309 3.270 129.860 3.318
202312 3.977 129.419 4.049
202403 4.038 131.776 4.038

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


GMA Network  (PHS:GMA7) 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.

GMA Network's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.21/3.25
=2.22

* 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 GMA Network was 5.64. The lowest was 1.69. And the median was 2.61.


Be Aware

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


GMA Network Cyclically Adjusted Book per Share Related Terms

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


GMA Network (PHS:GMA7) Business Description

Traded in Other Exchanges
N/A
Address
GMA Network Center, Timog Avenue EDSA corner, Diliman, Quezon, PHL, 1103
GMA Network Inc is a media broadcasting company. The company has three operating segments namely, Television and Radio airtime, International Subscription, and Other Businesses. Its television and Radio segment is engaged in broadcasting activities and the sale of national and regional advertising time. The International Subscription segment is engaged in subscription arrangements with international cable companies and the Other Businesses segment includes movie production, consumer products, and other services. Geographically, it operates in the Philippines and other countries, of which a majority of the revenue is derived from the Philippines.

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