GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tk Hold (XBUL:TCH) » Definitions » Cyclically Adjusted Book per Share

Tk Hold (XBUL:TCH) Cyclically Adjusted Book per Share : лв5.75 (As of Dec. 2024)


View and export this data going back to 1999. Start your Free Trial

What is Tk Hold 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.

Tk Hold's adjusted book value per share for the three months ended in Dec. 2024 was лв5.306. 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 лв5.75 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Tk Hold's average Cyclically Adjusted Book Growth Rate was 3.00% 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 (2025-05-13), Tk Hold's current stock price is лв8.00. Tk Hold's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was лв5.75. Tk Hold's Cyclically Adjusted PB Ratio of today is 1.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tk Hold was 1.52. The lowest was 0.31. And the median was 1.26.


Tk Hold Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tk Hold'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.

Tk Hold Cyclically Adjusted Book per Share Chart

Tk Hold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 5.39 5.58 5.75

Tk Hold Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.58 5.67 5.71 5.75 5.75

Competitive Comparison of Tk Hold's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Tk Hold'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.


Tk Hold's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tk Hold's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Tk Hold 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, Tk Hold's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=5.306/133.1571*133.1571
=5.306

Current CPI (Dec. 2024) = 133.1571.

Tk Hold Quarterly Data

Book Value per Share CPI Adj_Book
201503 4.166 99.621 5.568
201506 4.255 100.684 5.627
201509 4.204 100.392 5.576
201512 4.356 99.792 5.812
201603 4.373 100.470 5.796
201606 4.417 101.688 5.784
201609 4.434 101.861 5.796
201612 4.451 101.863 5.818
201703 4.535 102.862 5.871
201706 4.556 103.349 5.870
201709 4.542 104.136 5.808
201712 4.506 104.011 5.769
201803 4.610 105.290 5.830
201806 4.893 106.317 6.128
201809 4.967 106.507 6.210
201812 4.733 105.998 5.946
201903 4.780 107.251 5.935
201906 4.825 108.070 5.945
201909 4.964 108.329 6.102
201912 4.929 108.420 6.054
202003 4.936 108.902 6.035
202006 4.948 108.767 6.058
202009 4.973 109.815 6.030
202012 4.975 109.897 6.028
202103 5.027 111.754 5.990
202106 5.149 114.631 5.981
202109 5.164 115.734 5.941
202112 5.136 117.630 5.814
202203 5.225 121.301 5.736
202206 5.282 125.017 5.626
202209 5.326 125.227 5.663
202212 5.085 125.222 5.407
202303 5.121 127.348 5.355
202306 5.163 128.729 5.341
202309 5.242 129.860 5.375
202312 5.106 129.419 5.253
202403 5.220 131.776 5.275
202406 5.217 132.554 5.241
202409 5.263 133.029 5.268
202412 5.306 133.157 5.306

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


Tk Hold  (XBUL:TCH) 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.

Tk Hold's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.00/5.75
=1.39

* 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 Tk Hold was 1.52. The lowest was 0.31. And the median was 1.26.


Be Aware

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


Tk Hold Cyclically Adjusted Book per Share Related Terms

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


Tk Hold Business Description

Industry
Traded in Other Exchanges
N/A
Address
Tsar Boris ??? -140, Sofia, BGR, 1618
Tk Hold is a holding company engaged in purchase and exchange of shares and bonds, and development of acquired businesses. It focuses on restructuring, management, and establishment of its subsidiaries.

Tk Hold Headlines

No Headlines