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Sunway Bhd (XKLS:5211) Cyclically Adjusted Book per Share : RM2.23 (As of Mar. 2024)


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What is Sunway 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.

Sunway Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM2.388. 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 RM2.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sunway Bhd's average Cyclically Adjusted Book Growth Rate was 8.30% 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.

As of today (2024-06-20), Sunway Bhd's current stock price is RM3.72. Sunway Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM2.23. Sunway Bhd's Cyclically Adjusted PB Ratio of today is 1.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sunway Bhd was 1.71. The lowest was 0.74. And the median was 0.95.


Sunway Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sunway 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.

Sunway Bhd Cyclically Adjusted Book per Share Chart

Sunway 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 - - 1.76 2.00 2.17

Sunway 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 2.06 2.11 2.15 2.17 2.23

Competitive Comparison of Sunway Bhd's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Sunway 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.


Sunway Bhd's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sunway Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sunway 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, Sunway 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)
=2.388/131.7762*131.7762
=2.388

Current CPI (Mar. 2024) = 131.7762.

Sunway Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.160 100.560 1.520
201409 1.366 100.428 1.792
201412 1.434 99.070 1.907
201503 1.479 99.621 1.956
201506 1.514 100.684 1.982
201509 1.604 100.392 2.105
201512 1.533 99.792 2.024
201603 1.643 100.470 2.155
201606 1.681 101.688 2.178
201609 1.524 101.861 1.972
201612 1.548 101.863 2.003
201703 1.562 102.862 2.001
201706 1.578 103.349 2.012
201709 3.763 104.136 4.762
201712 1.560 104.011 1.976
201803 1.629 105.290 2.039
201806 1.633 106.317 2.024
201809 1.660 106.507 2.054
201812 1.609 105.998 2.000
201903 1.851 107.251 2.274
201906 1.912 108.070 2.331
201909 1.934 108.329 2.353
201912 1.706 108.420 2.074
202003 1.902 108.902 2.302
202006 1.843 108.767 2.233
202009 1.868 109.815 2.242
202012 1.746 109.897 2.094
202103 1.765 111.754 2.081
202106 1.768 114.631 2.032
202109 1.781 115.734 2.028
202112 2.258 117.630 2.530
202203 2.297 121.301 2.495
202206 2.317 125.017 2.442
202209 2.350 125.227 2.473
202212 2.361 125.222 2.485
202303 2.395 127.348 2.478
202306 2.381 128.729 2.437
202309 2.428 129.860 2.464
202312 2.359 129.419 2.402
202403 2.388 131.776 2.388

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


Sunway Bhd  (XKLS:5211) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.72/2.23
=1.67

* 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 Sunway Bhd was 1.71. The lowest was 0.74. And the median was 0.95.


Be Aware

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


Sunway Bhd Cyclically Adjusted Book per Share Related Terms

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


Sunway Bhd (XKLS:5211) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sunway Bhd (XKLS:5211) » Definitions » Cyclically Adjusted Book per Share
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Address
Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, Subang Jaya, MYS, 47500
Sunway is a Malaysian property-construction corporation with business divisions in property, construction, hospitality, retail, leisure, trading and manufacturing, building materials, healthcare, Property Investment / REIT. While based in Malaysia, Sunway has expanded its activities throughout Southeast Asia and the United Kingdom. The property development division develops residential and non-residential properties, including retail, healthcare, hospitality, and leisure assets. The construction division is involved in civil engineering, industrial building systems, geotechnical solutions, machinery, and logistics. Other segments include property investment and strategic investments, which consist of trading and manufacturing, quarry, and others.

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