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Kingdom Holding Co (SAU:4280) Cyclically Adjusted Book per Share : ﷼9.85 (As of Mar. 2024)


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What is Kingdom Holding Co 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.

Kingdom Holding Co's adjusted book value per share for the three months ended in Mar. 2024 was ﷼10.002. 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 ﷼9.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kingdom Holding Co's average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.60% 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 Kingdom Holding Co was 4.60% per year. The lowest was 4.60% per year. And the median was 4.60% per year.

As of today (2024-06-18), Kingdom Holding Co's current stock price is ﷼6.98. Kingdom Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ﷼9.85. Kingdom Holding Co's Cyclically Adjusted PB Ratio of today is 0.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kingdom Holding Co was 1.29. The lowest was 0.71. And the median was 0.91.


Kingdom Holding Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kingdom Holding Co'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.

Kingdom Holding Co Cyclically Adjusted Book per Share Chart

Kingdom Holding Co 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 - 8.46 9.07 9.57 9.69

Kingdom Holding Co 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 9.69 9.75 9.77 9.69 9.85

Competitive Comparison of Kingdom Holding Co's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Kingdom Holding Co'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.


Kingdom Holding Co's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kingdom Holding Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kingdom Holding Co's Cyclically Adjusted PB Ratio falls into.



Kingdom Holding Co 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, Kingdom Holding Co'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)
=10.002/131.7762*131.7762
=10.002

Current CPI (Mar. 2024) = 131.7762.

Kingdom Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.555 100.560 11.211
201409 8.705 100.428 11.422
201412 8.704 99.070 11.578
201503 8.324 99.621 11.011
201506 8.402 100.684 10.997
201509 7.760 100.392 10.186
201512 7.722 99.792 10.197
201603 7.152 100.470 9.381
201606 7.153 101.688 9.269
201609 7.312 101.861 9.459
201612 7.618 101.863 9.855
201703 7.725 102.862 9.896
201706 8.000 103.349 10.200
201709 8.301 104.136 10.504
201712 8.506 104.011 10.777
201803 8.289 105.290 10.374
201806 8.366 106.317 10.369
201809 8.315 106.507 10.288
201812 7.542 105.998 9.376
201903 7.913 107.251 9.723
201906 8.175 108.070 9.968
201909 8.120 108.329 9.877
201912 8.494 108.420 10.324
202003 7.123 108.902 8.619
202006 7.423 108.767 8.993
202009 7.357 109.815 8.828
202012 8.310 109.897 9.964
202103 8.731 111.754 10.295
202106 8.828 114.631 10.148
202109 8.772 115.734 9.988
202112 8.335 117.630 9.337
202203 8.929 121.301 9.700
202206 8.795 125.017 9.271
202209 7.775 125.227 8.182
202212 8.291 125.222 8.725
202303 8.710 127.348 9.013
202306 8.445 128.729 8.645
202309 8.349 129.860 8.472
202312 9.490 129.419 9.663
202403 10.002 131.776 10.002

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


Kingdom Holding Co  (SAU:4280) 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.

Kingdom Holding Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.98/9.85
=0.71

* 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 Kingdom Holding Co was 1.29. The lowest was 0.71. And the median was 0.91.


Be Aware

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


Kingdom Holding Co Cyclically Adjusted Book per Share Related Terms

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


Kingdom Holding Co (SAU:4280) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Kingdom Centre, 66th Floor, P.O. Box 1, Riyadh, SAU, 11321
Kingdom Holding Co is an investment holding company with its operations based in the Kingdom of Saudi Arabia. The principal activities are Equity Investment, Private Equity, Hotel management and operation, commercial services, Real estate, Healthcare, and other segments. The company derives maximum revenue from equity investment.

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