GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pal Holdings Inc (PHS:PAL) » Definitions » Cyclically Adjusted Book per Share

Pal Holdings (PHS:PAL) Cyclically Adjusted Book per Share : ₱-0.40 (As of Mar. 2024)


View and export this data going back to 1954. Start your Free Trial

What is Pal Holdings 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.

Pal Holdings's adjusted book value per share for the three months ended in Mar. 2024 was ₱1.887. 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 ₱-0.40 for the trailing ten years ended in Mar. 2024.

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 Pal Holdings was -69.60% per year. The lowest was -69.60% per year. And the median was -69.60% per year.

As of today (2024-06-23), Pal Holdings's current stock price is ₱5.40. Pal Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱-0.40. Pal Holdings's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pal Holdings was 330.00. The lowest was 4.47. And the median was 7.04.


Pal Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pal Holdings'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.

Pal Holdings Cyclically Adjusted Book per Share Chart

Pal Holdings 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 1.34 0.84 0.04 -0.54 -0.43

Pal Holdings 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 -0.57 -0.53 -0.49 -0.43 -0.40

Competitive Comparison of Pal Holdings's Cyclically Adjusted Book per Share

For the Airlines subindustry, Pal Holdings'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.


Pal Holdings's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pal Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pal Holdings 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, Pal Holdings'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)
=1.887/131.7762*131.7762
=1.887

Current CPI (Mar. 2024) = 131.7762.

Pal Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.285 100.560 0.373
201409 0.268 100.428 0.352
201412 0.358 99.070 0.476
201503 0.655 99.621 0.866
201506 0.845 100.684 1.106
201509 0.898 100.392 1.179
201512 0.876 99.792 1.157
201603 1.250 100.470 1.639
201606 1.437 101.688 1.862
201609 1.275 101.861 1.649
201612 1.344 101.863 1.739
201703 1.283 102.862 1.644
201706 1.269 103.349 1.618
201709 1.028 104.136 1.301
201712 0.697 104.011 0.883
201803 0.653 105.290 0.817
201806 0.604 106.317 0.749
201809 0.350 106.507 0.433
201812 0.666 105.998 0.828
201903 0.687 107.251 0.844
201906 0.402 108.070 0.490
201909 -0.057 108.329 -0.069
201912 -0.300 108.420 -0.365
202003 -1.232 108.902 -1.491
202006 -2.200 108.767 -2.665
202009 -2.791 109.815 -3.349
202012 -6.378 109.897 -7.648
202103 -7.230 111.754 -8.525
202106 -7.976 114.631 -9.169
202109 -8.831 115.734 -10.055
202112 -0.606 117.630 -0.679
202203 -0.457 121.301 -0.496
202206 -0.271 125.017 -0.286
202209 0.007 125.227 0.007
202212 0.151 125.222 0.159
202303 0.539 127.348 0.558
202306 1.096 128.729 1.122
202309 1.483 129.860 1.505
202312 1.550 129.419 1.578
202403 1.887 131.776 1.887

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


Pal Holdings  (PHS:PAL) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pal Holdings was 330.00. The lowest was 4.47. And the median was 7.04.


Be Aware

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


Pal Holdings Cyclically Adjusted Book per Share Related Terms

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


Pal Holdings (PHS:PAL) Business Description

Industry
Traded in Other Exchanges
N/A
Address
President Diosdado Macapagal Avenue, 8th Floor, PNB Financial Center, CCP Complex, Metro Manila, Pasay City, PHL, 1300
Pal Holdings Inc through its subsidiaries, provides air transportation for passengers and cargo within and outside the Philippines. The services provided by the company include Group Booking, Charter Services, Corporate Sales, General Sales Agent, Travel Insurance, Cargo, and Swingaround.

Pal Holdings (PHS:PAL) Headlines

From GuruFocus