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Tuan Sing Holdings (SGX:T24) Cyclically Adjusted Book per Share : S$1.05 (As of Jun. 2024)


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What is Tuan Sing 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.

Tuan Sing Holdings's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was S$0.990. 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$1.05 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.80% 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 Tuan Sing Holdings was 11.80% per year. The lowest was 3.50% per year. And the median was 9.10% per year.

As of today (2024-09-23), Tuan Sing Holdings's current stock price is S$ 0.26. Tuan Sing Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was S$1.05. Tuan Sing Holdings's Cyclically Adjusted PB Ratio of today is 0.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tuan Sing Holdings was 1.00. The lowest was 0.20. And the median was 0.49.


Tuan Sing Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tuan Sing 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.

Tuan Sing Holdings Cyclically Adjusted Book per Share Chart

Tuan Sing 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 0.77 0.82 0.92 1.00 1.05

Tuan Sing Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 1.00 - 1.05 -

Competitive Comparison of Tuan Sing Holdings's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Tuan Sing 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.


Tuan Sing Holdings's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tuan Sing Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Tuan Sing 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, Tuan Sing Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_Book=Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.99/129.4194*129.4194
=0.990

Current CPI (Dec. 2023) = 129.4194.

Tuan Sing Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 0.683 99.070 0.892
201512 0.744 99.792 0.965
201612 0.781 101.863 0.992
201712 0.832 104.011 1.035
201812 0.917 105.998 1.120
201912 0.931 108.420 1.111
202012 0.987 109.897 1.162
202112 1.051 117.630 1.156
202212 1.004 125.222 1.038
202312 0.990 129.419 0.990

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


Tuan Sing Holdings  (SGX:T24) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.26/1.05
=0.25

* 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 Tuan Sing Holdings was 1.00. The lowest was 0.20. And the median was 0.49.


Be Aware

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


Tuan Sing Holdings Cyclically Adjusted Book per Share Related Terms

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


Tuan Sing Holdings Business Description

Industry
Traded in Other Exchanges
N/A
Address
9 Oxley Rise, No.03-02 The Oxley, Singapore, SGP, 238697
Tuan Sing Holdings Ltd is a regional investment holding company with interests mainly in real estate investment, real estate development, and hospitality. The operating segments of the group are Real Estate Investment; Real Estate Development; Hospitality; Industrial Services and Other Investments. It derives key revenue from the Real estate development segment which involves the property development and provision of construction management services in Singapore and Indonesia. The group has a business presence in Singapore, Australia, China, Malaysia, and Indonesia.

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