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Sime Darby Bhd (XKLS:4197) Cyclically Adjusted Book per Share : RM4.07 (As of Mar. 2024)


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What is Sime Darby 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.

Sime Darby Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM2.974. 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 RM4.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sime Darby Bhd's average Cyclically Adjusted Book Growth Rate was -4.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.80% 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 Sime Darby Bhd was -0.80% per year. The lowest was -1.50% per year. And the median was -1.15% per year.

As of today (2024-06-12), Sime Darby Bhd's current stock price is RM2.65. Sime Darby Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM4.07. Sime Darby Bhd's Cyclically Adjusted PB Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sime Darby Bhd was 0.72. The lowest was 0.38. And the median was 0.52.


Sime Darby Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sime Darby 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.

Sime Darby Bhd Cyclically Adjusted Book per Share Chart

Sime Darby Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.62 4.31 4.32 4.42 4.21

Sime Darby 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 4.25 4.21 4.15 4.07 4.07

Competitive Comparison of Sime Darby Bhd's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Sime Darby 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.


Sime Darby Bhd's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sime Darby Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sime Darby 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, Sime Darby 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)
=2.974/131.7762*131.7762
=2.974

Current CPI (Mar. 2024) = 131.7762.

Sime Darby Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.692 100.560 6.149
201409 4.766 100.428 6.254
201412 4.466 99.070 5.940
201503 4.665 99.621 6.171
201506 4.891 100.684 6.401
201509 5.154 100.392 6.765
201512 4.887 99.792 6.453
201603 5.277 100.470 6.921
201606 5.473 101.688 7.092
201609 5.238 101.861 6.776
201612 5.765 101.863 7.458
201703 5.803 102.862 7.434
201706 5.819 103.349 7.420
201709 5.990 104.136 7.580
201712 2.142 104.011 2.714
201803 2.077 105.290 2.599
201806 2.113 106.317 2.619
201809 2.089 106.507 2.585
201812 2.124 105.998 2.641
201903 2.125 107.251 2.611
201906 2.163 108.070 2.637
201909 2.088 108.329 2.540
201912 2.137 108.420 2.597
202003 2.103 108.902 2.545
202006 2.205 108.767 2.671
202009 2.163 109.815 2.596
202012 2.284 109.897 2.739
202103 2.301 111.754 2.713
202106 2.335 114.631 2.684
202109 2.258 115.734 2.571
202112 2.310 117.630 2.588
202203 2.344 121.301 2.546
202206 2.351 125.017 2.478
202209 2.306 125.227 2.427
202212 2.321 125.222 2.442
202303 2.328 127.348 2.409
202306 2.483 128.729 2.542
202309 2.438 129.860 2.474
202312 2.961 129.419 3.015
202403 2.974 131.776 2.974

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


Sime Darby Bhd  (XKLS:4197) 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.

Sime Darby Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.65/4.07
=0.65

* 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 Sime Darby Bhd was 0.72. The lowest was 0.38. And the median was 0.52.


Be Aware

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


Sime Darby Bhd Cyclically Adjusted Book per Share Related Terms

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


Sime Darby Bhd (XKLS:4197) Business Description

Industry
Traded in Other Exchanges
Address
Jalan PJU 1A/2, Level 9, Menara Sime Darby, Oasis Corporate Park, Ara Damansara, Petaling Jaya, SGR, MYS, 47301
Sime Darby Bhd is a Malaysia-based investment holding company. It organizes itself into five segments, based on business type: motors, industrial, healthcare, and others. The Industrial segment sells, rents, and services equipment and engineering services; the Motors segment, the largest contributor to revenue, assembles sells and rents out vehicles and provides after-sales services; the Healthcare segment invests in the Ramsay Sime Darby Health Care Group, providers of healthcare services; and Others include insurance broking and other general investments. Sime Darby derives revenue from Malaysia, Greater China, Other Countries in Asia, and Australasia.

Sime Darby Bhd (XKLS:4197) Headlines

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