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BRC Asia (SGX:BEC) Cyclically Adjusted Book per Share : S$1.39 (As of Mar. 2025)


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What is BRC Asia 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.

BRC Asia's adjusted book value per share data for the fiscal year that ended in Sep. 2024 was S$1.732. 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 S$1.39 for the trailing ten years ended in Sep. 2024.

During the past 12 months, BRC Asia's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.80% 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 BRC Asia was 13.10% per year. The lowest was 8.50% per year. And the median was 10.60% per year.

As of today (2025-05-27), BRC Asia's current stock price is S$ 3.14. BRC Asia's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep. 2024 was S$1.39. BRC Asia's Cyclically Adjusted PB Ratio of today is 2.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BRC Asia was 2.50. The lowest was 0.74. And the median was 1.49.


BRC Asia Cyclically Adjusted Book per Share Historical Data

The historical data trend for BRC Asia'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.

BRC Asia Cyclically Adjusted Book per Share Chart

BRC Asia Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 1.06 1.21 1.30 1.39

BRC Asia Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 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 1.21 1.30 1.28 1.39 -

Competitive Comparison of BRC Asia's Cyclically Adjusted Book per Share

For the Steel subindustry, BRC Asia'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.


BRC Asia's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BRC Asia's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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BRC Asia 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, BRC Asia's adjusted Book Value per Share data for the fiscal year that ended in Sep. 2024 was:

Adj_Book=Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.732/133.0289*133.0289
=1.732

Current CPI (Sep. 2024) = 133.0289.

BRC Asia Annual Data

Book Value per Share CPI Adj_Book
201509 0.893 100.392 1.183
201609 0.920 101.861 1.202
201709 0.900 104.136 1.150
201809 1.016 106.507 1.269
201909 1.127 108.329 1.384
202009 1.134 109.815 1.374
202109 1.237 115.734 1.422
202209 1.454 125.227 1.545
202309 1.558 129.860 1.596
202409 1.732 133.029 1.732

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


BRC Asia  (SGX:BEC) 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.

BRC Asia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.14/1.39
=2.26

* 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 BRC Asia was 2.50. The lowest was 0.74. And the median was 1.49.


Be Aware

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


BRC Asia Cyclically Adjusted Book per Share Related Terms

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


BRC Asia Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BRC Asia Ltd (SGX:BEC) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
7 Tuas Avenue 16, Singapore, SGP, 638934
BRC Asia Ltd is engaged in prefabrication of steel reinforcement for use in concrete, trading of steel reinforcing bars, and manufacturing and sale of wire mesh fences. The company operates into 3 segments: The fabrication and manufacturing segment is involved in the business of processing and prefabrication of steel reinforcement. Trading segment is involved in trading of steel and steel related products. Others relates to property development and interest in associate who operates in the business of management of airport, hotel and resort and property development. Key revenue is generated from Fabrication and manufacturing. Geographically, it derives a majority of its revenue from Singapore and also has a presence in Malaysia, Thailand, Hong Kong, Australia and others.

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