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Kenon Holdings (STU:76N) Cyclically Adjusted Book per Share : €21.93 (As of Jun. 2024)


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What is Kenon 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.

Kenon Holdings's adjusted book value per share for the three months ended in Jun. 2024 was €19.662. 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 €21.93 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Kenon Holdings's average Cyclically Adjusted Book Growth Rate was 2.50% 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.

As of today (2024-09-25), Kenon Holdings's current stock price is €23.20. Kenon Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €21.93. Kenon Holdings's Cyclically Adjusted PB Ratio of today is 1.06.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Kenon Holdings was 1.11. The lowest was 0.74. And the median was 1.01.


Kenon Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kenon 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.

Kenon Holdings Cyclically Adjusted Book per Share Chart

Kenon 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 - - - - 21.21

Kenon Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 21.18 22.05 21.21 21.24 21.93

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

For the Utilities - Independent Power Producers subindustry, Kenon 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.


Kenon Holdings's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kenon 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, Kenon Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=19.662/132.5538*132.5538
=19.662

Current CPI (Jun. 2024) = 132.5538.

Kenon Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.000 100.428 0.000
201412 18.608 99.070 24.897
201503 21.985 99.621 29.253
201506 21.553 100.684 28.375
201509 19.616 100.392 25.900
201512 18.143 99.792 24.099
201603 17.106 100.470 22.568
201606 12.163 101.688 15.855
201609 11.909 101.861 15.497
201612 12.022 101.863 15.644
201703 11.679 102.862 15.050
201706 11.415 103.349 14.641
201709 11.492 104.136 14.628
201712 15.439 104.011 19.676
201803 12.460 105.290 15.686
201806 13.040 106.317 16.258
201809 12.944 106.507 16.110
201812 10.599 105.998 13.254
201903 10.424 107.251 12.883
201906 10.703 108.070 13.128
201909 12.054 108.329 14.749
201912 10.416 108.420 12.735
202003 10.567 108.902 12.862
202006 14.687 108.767 17.899
202009 15.129 109.815 18.262
202012 16.278 109.897 19.634
202103 20.486 111.754 24.299
202106 21.413 114.631 24.761
202109 24.942 115.734 28.567
202112 29.463 117.630 33.201
202203 41.049 121.301 44.857
202206 37.430 125.017 39.687
202209 45.601 125.227 48.269
202212 28.002 125.222 29.642
202303 25.475 127.348 26.516
202306 24.319 128.729 25.042
202309 21.309 129.860 21.751
202312 20.912 129.419 21.418
202403 17.537 131.776 17.640
202406 19.662 132.554 19.662

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


Kenon Holdings  (STU:76N) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.20/21.93
=1.06

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Kenon Holdings was 1.11. The lowest was 0.74. And the median was 1.01.


Be Aware

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


Kenon Holdings Cyclically Adjusted Book per Share Related Terms

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


Kenon Holdings Business Description

Traded in Other Exchanges
Address
1 Temasek Avenue, No. 37-02B, Millenia Tower, Singapore, SGP, 039192
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented, businesses. The company's operating segments include OPC; CPV Group; Quantum and ZIM. It generates maximum revenue from the OPC segment. OPC operates in the Israeli electricity generation sector, including the initiation, development, construction, and operation of power plants and the sale and supply of electricity. Geographically, it derives a majority of revenue from Israel.

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