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Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Cyclically Adjusted Book per Share : RM1.68 (As of Mar. 2024)


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What is Malaysia Marine and Heavy Engineering 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.

Malaysia Marine and Heavy Engineering Holdings Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM0.798. 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 RM1.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Malaysia Marine and Heavy Engineering Holdings Bhd's average Cyclically Adjusted Book Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.20% 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 Malaysia Marine and Heavy Engineering Holdings Bhd was 2.00% per year. The lowest was 0.20% per year. And the median was 1.10% per year.

As of today (2024-06-04), Malaysia Marine and Heavy Engineering Holdings Bhd's current stock price is RM0.485. Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM1.68. Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PB Ratio of today is 0.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Malaysia Marine and Heavy Engineering Holdings Bhd was 0.56. The lowest was 0.18. And the median was 0.27.


Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Malaysia Marine and Heavy Engineering 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.

Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted Book per Share Chart

Malaysia Marine and Heavy Engineering Holdings 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 1.65 1.67 1.73 1.75 1.68

Malaysia Marine and Heavy Engineering 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 1.75 1.74 1.72 1.68 1.68

Competitive Comparison of Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted Book per Share

For the Oil & Gas Equipment & Services subindustry, Malaysia Marine and Heavy Engineering 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.


Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PB Ratio falls into.



Malaysia Marine and Heavy Engineering 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, Malaysia Marine and Heavy Engineering 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)
=0.798/131.7762*131.7762
=0.798

Current CPI (Mar. 2024) = 131.7762.

Malaysia Marine and Heavy Engineering Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.612 100.560 2.112
201409 1.636 100.428 2.147
201412 1.646 99.070 2.189
201503 1.668 99.621 2.206
201506 1.679 100.684 2.197
201509 1.689 100.392 2.217
201512 1.673 99.792 2.209
201603 1.669 100.470 2.189
201606 1.666 101.688 2.159
201609 1.662 101.861 2.150
201612 1.585 101.863 2.050
201703 1.580 102.862 2.024
201706 1.571 103.349 2.003
201709 1.580 104.136 1.999
201712 1.610 104.011 2.040
201803 1.567 105.290 1.961
201806 1.536 106.317 1.904
201809 1.521 106.507 1.882
201812 1.504 105.998 1.870
201903 1.486 107.251 1.826
201906 1.480 108.070 1.805
201909 1.478 108.329 1.798
201912 1.483 108.420 1.802
202003 1.492 108.902 1.805
202006 1.241 108.767 1.504
202009 1.237 109.815 1.484
202012 1.226 109.897 1.470
202103 1.173 111.754 1.383
202106 1.150 114.631 1.322
202109 1.134 115.734 1.291
202112 1.067 117.630 1.195
202203 1.068 121.301 1.160
202206 1.083 125.017 1.142
202209 1.096 125.227 1.153
202212 1.105 125.222 1.163
202303 1.094 127.348 1.132
202306 0.831 128.729 0.851
202309 0.774 129.860 0.785
202312 0.792 129.419 0.806
202403 0.798 131.776 0.798

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


Malaysia Marine and Heavy Engineering Holdings Bhd  (XKLS:5186) 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.

Malaysia Marine and Heavy Engineering Holdings Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.485/1.68
=0.29

* 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 Malaysia Marine and Heavy Engineering Holdings Bhd was 0.56. The lowest was 0.18. And the median was 0.27.


Be Aware

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


Malaysia Marine and Heavy Engineering Holdings Bhd Cyclically Adjusted Book per Share Related Terms

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


Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Sultan Hishamuddin, Level 31, Menara Dayabumi, Kuala Lumpur, MYS, 50050
Malaysia Marine and Heavy Engineering Holdings Bhd is a marine and heavy engineering solutions provider for a range of offshore and onshore facilities and vessels. The company operates through three segments. Its Heavy engineering Business segment is engaged in the provision of service for oil and gas engineering, construction and conversion works. The Marine segment offers repair services and dry docking of liquefied natural gas carriers. Its Other segment comprises of supporting divisions to the group operations and sludge disposal management. The company generates maximum revenue from the Heavy engineering Business segment.

Malaysia Marine and Heavy Engineering Holdings Bhd (XKLS:5186) Headlines

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