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Alliance Bank Malaysia Bhd (XKLS:2488) Cyclically Adjusted Book per Share : RM4.59 (As of Mar. 2025)


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What is Alliance Bank Malaysia 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.

Alliance Bank Malaysia Bhd's adjusted book value per share for the three months ended in Mar. 2025 was RM4.953. 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 RM4.59 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Alliance Bank Malaysia Bhd's average Cyclically Adjusted Book Growth Rate was 4.80% 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 7.70% 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 Alliance Bank Malaysia Bhd was 9.00% per year. The lowest was 6.00% per year. And the median was 8.20% per year.

As of today (2025-06-02), Alliance Bank Malaysia Bhd's current stock price is RM4.33. Alliance Bank Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was RM4.59. Alliance Bank Malaysia Bhd's Cyclically Adjusted PB Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alliance Bank Malaysia Bhd was 1.20. The lowest was 0.54. And the median was 0.83.


Alliance Bank Malaysia Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alliance Bank Malaysia 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.

Alliance Bank Malaysia Bhd Cyclically Adjusted Book per Share Chart

Alliance Bank Malaysia Bhd Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.46 3.85 4.13 4.38 4.59

Alliance Bank Malaysia Bhd Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 4.38 4.43 4.47 4.50 4.59

Competitive Comparison of Alliance Bank Malaysia Bhd's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Alliance Bank Malaysia 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.


Alliance Bank Malaysia Bhd's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Alliance Bank Malaysia Bhd's Cyclically Adjusted PB Ratio falls into.


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Alliance Bank Malaysia 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, Alliance Bank Malaysia Bhd's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=4.953/134.9266*134.9266
=4.953

Current CPI (Mar. 2025) = 134.9266.

Alliance Bank Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.920 100.684 3.913
201509 3.019 100.392 4.058
201512 3.017 99.792 4.079
201603 3.128 100.470 4.201
201606 3.161 101.688 4.194
201609 3.272 101.861 4.334
201612 3.225 101.863 4.272
201703 3.304 102.862 4.334
201706 3.330 103.349 4.347
201709 3.426 104.136 4.439
201712 3.438 104.011 4.460
201803 3.527 105.290 4.520
201806 3.481 106.317 4.418
201809 3.588 106.507 4.545
201812 3.600 105.998 4.583
201903 3.703 107.251 4.659
201906 3.690 108.070 4.607
201909 3.797 108.329 4.729
201912 3.821 108.420 4.755
202003 3.869 108.902 4.794
202006 4.033 108.767 5.003
202009 4.143 109.815 5.090
202012 4.159 109.897 5.106
202103 4.042 111.754 4.880
202106 4.091 114.631 4.815
202109 4.159 115.734 4.849
202112 4.137 117.630 4.745
202203 4.145 121.301 4.611
202206 4.086 125.017 4.410
202209 4.189 125.227 4.513
202212 4.231 125.222 4.559
202303 4.358 127.348 4.617
202306 4.364 128.729 4.574
202309 4.467 129.860 4.641
202312 4.511 129.419 4.703
202403 4.635 131.776 4.746
202406 4.633 132.554 4.716
202409 4.785 133.029 4.853
202412 4.795 133.157 4.859
202503 4.953 134.927 4.953

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


Alliance Bank Malaysia Bhd  (XKLS:2488) 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.

Alliance Bank Malaysia Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.33/4.59
=0.94

* 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 Alliance Bank Malaysia Bhd was 1.20. The lowest was 0.54. And the median was 0.83.


Be Aware

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


Alliance Bank Malaysia Bhd Cyclically Adjusted Book per Share Related Terms

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


Alliance Bank Malaysia Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Jalan Munshi Abdullah, 3rd Floor, Menara Multi-Purpose, Capital Square, Kuala Lumpur, SGR, MYS, 50100
Alliance Bank Malaysia Bhd is a Malaysia-based company engaged in providing banking and financial services. Its segments consist of its consumer banking segment, which offers personal banking solutions, including mortgages, credit cards, and wealth management. The business banking segment consists of small and midsize enterprise and wholesale banking and offers products and services, such as cash management, trade finance, treasury, and structured solutions. The financial markets segment offers money market, hedging, foreign exchange, wealth management, stockbroking, and corporate advisory segments. The stockbroking and corporate advisory cover stockbroking activities and corporate advisory and other segments. It generates maximum revenue from the business banking segment.

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