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Carlsberg Brewery Malaysia Bhd (XKLS:2836) Cyclically Adjusted Book per Share : RM0.90 (As of Mar. 2024)


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What is Carlsberg Brewery 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.

Carlsberg Brewery Malaysia Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM1.071. 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 RM0.90 for the trailing ten years ended in Mar. 2024.

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 (2024-05-25), Carlsberg Brewery Malaysia Bhd's current stock price is RM20.00. Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM0.90. Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted PB Ratio of today is 22.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Carlsberg Brewery Malaysia Bhd was 27.00. The lowest was 20.31. And the median was 23.37.


Carlsberg Brewery Malaysia Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Carlsberg Brewery 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.

Carlsberg Brewery Malaysia Bhd Cyclically Adjusted Book per Share Chart

Carlsberg Brewery Malaysia Bhd 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 - - 0.90 0.90 0.89

Carlsberg Brewery Malaysia 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 0.90 0.90 0.91 0.89 0.90

Competitive Comparison of Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Carlsberg Brewery 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.


Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Carlsberg Brewery 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, Carlsberg Brewery Malaysia 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)
=1.071/131.7762*131.7762
=1.071

Current CPI (Mar. 2024) = 131.7762.

Carlsberg Brewery Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.635 100.560 0.832
201409 0.822 100.428 1.079
201412 1.021 99.070 1.358
201503 1.187 99.621 1.570
201506 0.641 100.684 0.839
201509 0.923 100.392 1.212
201512 1.098 99.792 1.450
201603 1.261 100.470 1.654
201606 0.774 101.688 1.003
201609 0.927 101.861 1.199
201612 1.052 101.863 1.361
201703 1.271 102.862 1.628
201706 0.787 103.349 1.003
201709 0.826 104.136 1.045
201712 0.978 104.011 1.239
201803 1.221 105.290 1.528
201806 0.468 106.317 0.580
201809 0.513 106.507 0.635
201812 0.553 105.998 0.687
201903 0.684 107.251 0.840
201906 0.371 108.070 0.452
201909 0.432 108.329 0.526
201912 0.486 108.420 0.591
202003 0.547 108.902 0.662
202006 0.592 108.767 0.717
202009 0.429 109.815 0.515
202012 0.549 109.897 0.658
202103 0.651 111.754 0.768
202106 0.481 114.631 0.553
202109 0.470 115.734 0.535
202112 0.691 117.630 0.774
202203 0.907 121.301 0.985
202206 0.438 125.017 0.462
202209 0.466 125.227 0.490
202212 0.483 125.222 0.508
202303 0.806 127.348 0.834
202306 0.659 128.729 0.675
202309 0.685 129.860 0.695
202312 0.749 129.419 0.763
202403 1.071 131.776 1.071

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


Carlsberg Brewery Malaysia Bhd  (XKLS:2836) 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.

Carlsberg Brewery Malaysia Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.00/0.9
=22.22

* 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 Carlsberg Brewery Malaysia Bhd was 27.00. The lowest was 20.31. And the median was 23.37.


Be Aware

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


Carlsberg Brewery Malaysia Bhd Cyclically Adjusted Book per Share Related Terms

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


Carlsberg Brewery Malaysia Bhd (XKLS:2836) Business Description

Traded in Other Exchanges
N/A
Address
No. 55, Persiaran Selangor, Section 15, Shah Alam, SGR, MYS, 40200
Carlsberg Brewery Malaysia Bhd is a Carlsberg Group subsidiary that produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. Carlsberg Brewery Malaysia also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra.

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