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Roxas Holdings (PHS:ROX) Cyclically Adjusted Book per Share : ₱6.64 (As of Dec. 2023)


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What is Roxas 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.

Roxas Holdings's adjusted book value per share for the three months ended in Dec. 2023 was ₱1.798. 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 ₱6.64 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Roxas Holdings'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 -0.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.10% 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 Roxas Holdings was 0.30% per year. The lowest was -0.30% per year. And the median was -0.10% per year.

As of today (2024-05-23), Roxas Holdings's current stock price is ₱1.45. Roxas Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₱6.64. Roxas Holdings's Cyclically Adjusted PB Ratio of today is 0.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Roxas Holdings was 0.50. The lowest was 0.07. And the median was 0.20.


Roxas Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Roxas 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.

Roxas Holdings Cyclically Adjusted Book per Share Chart

Roxas Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.88 6.88 7.07 6.82

Roxas Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.96 6.96 6.90 6.82 6.64

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

For the Confectioners subindustry, Roxas 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.


Roxas Holdings's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Roxas Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Roxas 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, Roxas Holdings's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.798/129.4194*129.4194
=1.798

Current CPI (Dec. 2023) = 129.4194.

Roxas Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.256 99.695 8.121
201406 6.403 100.560 8.241
201409 7.394 100.428 9.529
201412 7.329 99.070 9.574
201503 7.322 99.621 9.512
201506 7.605 100.684 9.775
201509 7.079 100.392 9.126
201512 7.117 99.792 9.230
201603 7.142 100.470 9.200
201606 6.734 101.688 8.570
201609 6.828 101.861 8.675
201612 6.750 101.863 8.576
201703 6.881 102.862 8.658
201706 6.954 103.349 8.708
201709 6.782 104.136 8.429
201712 6.711 104.011 8.350
201803 6.834 105.290 8.400
201806 6.784 106.317 8.258
201809 6.914 106.507 8.401
201812 6.787 105.998 8.287
201903 6.681 107.251 8.062
201906 6.496 108.070 7.779
201909 5.885 108.329 7.031
201912 5.897 108.420 7.039
202003 5.837 108.902 6.937
202006 5.617 108.767 6.684
202009 3.756 109.815 4.427
202012 3.602 109.897 4.242
202103 3.371 111.754 3.904
202106 3.268 114.631 3.690
202109 3.308 115.734 3.699
202112 3.231 117.630 3.555
202203 3.004 121.301 3.205
202206 2.942 125.017 3.046
202209 3.377 125.227 3.490
202212 3.250 125.222 3.359
202303 2.998 127.348 3.047
202306 2.749 128.729 2.764
202309 2.035 129.860 2.028
202312 1.798 129.419 1.798

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


Roxas Holdings  (PHS:ROX) 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.

Roxas Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.45/6.64
=0.22

* 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 Roxas Holdings was 0.50. The lowest was 0.07. And the median was 0.20.


Be Aware

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


Roxas Holdings Cyclically Adjusted Book per Share Related Terms

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


Roxas Holdings (PHS:ROX) Business Description

Traded in Other Exchanges
N/A
Address
26th Corner 3rd Avenue, 14th Floor, Net one Center, Bonifacio Global City, Metro Manila, Taguig, PHL, 1634
Roxas Holdings Inc produces, markets, and sells raw and refined sugar, molasses, and related products to food and beverage, and pharmaceutical companies in the Philippines. It operates in two segments namely Sugar and Alcohol. The company generates maximum revenue from the Sugar segment. The alcohol segment is engaged in the manufacture and sale of bio-ethanol fuel. Geographically, it operates only in the Philippines.

Roxas Holdings (PHS:ROX) Headlines

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