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AMMB Holdings Bhd (XKLS:1015) Cyclically Adjusted Book per Share : RM6.46 (As of Mar. 2024)


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What is AMMB Holdings Bhd 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.

AMMB Holdings Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM5.879. 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 RM6.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AMMB Holdings Bhd's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of AMMB Holdings Bhd was 7.60% per year. The lowest was 6.00% per year. And the median was 6.60% per year.

As of today (2024-06-15), AMMB Holdings Bhd's current stock price is RM4.27. AMMB Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM6.46. AMMB Holdings Bhd's Cyclically Adjusted PB Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AMMB Holdings Bhd was 0.99. The lowest was 0.51. And the median was 0.63.


AMMB Holdings Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for AMMB Holdings Bhd'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.

AMMB Holdings Bhd Cyclically Adjusted Book per Share Chart

AMMB Holdings Bhd Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.15 5.43 5.91 6.23 6.46

AMMB Holdings Bhd 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 6.23 6.30 6.36 6.35 6.46

Competitive Comparison of AMMB Holdings Bhd's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, AMMB Holdings Bhd'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.


AMMB Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, AMMB Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AMMB Holdings Bhd 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, AMMB Holdings Bhd'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)
=5.879/131.7762*131.7762
=5.879

Current CPI (Mar. 2024) = 131.7762.

AMMB Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.598 100.560 6.025
201409 4.586 100.428 6.018
201412 4.604 99.070 6.124
201503 4.796 99.621 6.344
201506 4.922 100.684 6.442
201509 4.910 100.392 6.445
201512 4.939 99.792 6.522
201603 5.032 100.470 6.600
201606 5.141 101.688 6.662
201609 5.164 101.861 6.681
201612 5.200 101.863 6.727
201703 5.317 102.862 6.812
201706 5.417 103.349 6.907
201709 5.397 104.136 6.830
201712 5.409 104.011 6.853
201803 5.479 105.290 6.857
201806 5.598 106.317 6.939
201809 5.635 106.507 6.972
201812 5.707 105.998 7.095
201903 5.869 107.251 7.211
201906 6.032 108.070 7.355
201909 6.025 108.329 7.329
201912 6.083 108.420 7.393
202003 6.175 108.902 7.472
202006 6.379 108.767 7.728
202009 6.425 109.815 7.710
202012 6.504 109.897 7.799
202103 4.429 111.754 5.222
202106 4.807 114.631 5.526
202109 4.867 115.734 5.542
202112 4.972 117.630 5.570
202203 5.062 121.301 5.499
202206 5.140 125.017 5.418
202209 5.214 125.227 5.487
202212 5.318 125.222 5.596
202303 5.485 127.348 5.676
202306 5.591 128.729 5.723
202309 5.597 129.860 5.680
202312 5.789 129.419 5.894
202403 5.879 131.776 5.879

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


AMMB Holdings Bhd  (XKLS:1015) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.27/6.46
=0.66

* 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 AMMB Holdings Bhd was 0.99. The lowest was 0.51. And the median was 0.63.


Be Aware

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


AMMB Holdings Bhd Cyclically Adjusted Book per Share Related Terms

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


AMMB Holdings Bhd (XKLS:1015) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 55, Jalan Raja Chulan, 22nd Floor, Bangunan AmBank Group, Kuala Lumpur, SGR, MYS, 50200
AMMB Holdings Bhd is a provider of banking and financial services in Malaysia through its subsidiaries: AmBank and AmBank Islamic. The bank's largest segments, which contributes the vast majority of revenue, are retail banking. The retail banking segment provides individuals and small businesses with services such as credit, auto financing, mortgages, credit cards, capital financing, personal loans, deposits, current accounts, and savings accounts. The wholesale banking business engages with corporate finance and advisory services, restructuring, security issuance, futures market services, stockbroking, and derivatives services. The insurance division offers life and general insurance products via its partnership with MetLife International. Investment banking, Fund management.

AMMB Holdings Bhd (XKLS:1015) Headlines

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