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KLCC Property & Holdings Bhd (XKLS:5235SS) Cyclically Adjusted Book per Share : RM8.54 (As of Mar. 2024)


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What is KLCC Property & 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.

KLCC Property & Holdings Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM7.349. 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 RM8.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KLCC Property & Holdings Bhd's average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 KLCC Property & Holdings Bhd was 4.60% per year. The lowest was 3.20% per year. And the median was 3.90% per year.

As of today (2024-06-22), KLCC Property & Holdings Bhd's current stock price is RM7.48. KLCC Property & Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM8.54. KLCC Property & Holdings Bhd's Cyclically Adjusted PB Ratio of today is 0.88.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of KLCC Property & Holdings Bhd was 1.13. The lowest was 0.78. And the median was 0.84.


KLCC Property & Holdings Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for KLCC Property & 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.

KLCC Property & Holdings Bhd Cyclically Adjusted Book per Share Chart

KLCC Property & 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 7.27 7.66 8.16 8.33 8.41

KLCC Property & 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 8.36 8.42 8.47 8.41 8.54

Competitive Comparison of KLCC Property & Holdings Bhd's Cyclically Adjusted Book per Share

For the REIT - Diversified subindustry, KLCC Property & 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.


KLCC Property & Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, KLCC Property & Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where KLCC Property & Holdings Bhd's Cyclically Adjusted PB Ratio falls into.



KLCC Property & 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, KLCC Property & 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)
=7.349/131.7762*131.7762
=7.349

Current CPI (Mar. 2024) = 131.7762.

KLCC Property & Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.490 100.560 8.505
201409 6.504 100.428 8.534
201412 6.661 99.070 8.860
201503 6.673 99.621 8.827
201506 6.689 100.684 8.755
201509 6.689 100.392 8.780
201512 6.952 99.792 9.180
201603 6.955 100.470 9.122
201606 6.968 101.688 9.030
201609 6.981 101.861 9.031
201612 7.087 101.863 9.168
201703 7.086 102.862 9.078
201706 7.099 103.349 9.052
201709 7.111 104.136 8.998
201712 7.217 104.011 9.144
201803 7.213 105.290 9.028
201806 7.225 106.317 8.955
201809 7.239 106.507 8.957
201812 7.254 105.998 9.018
201903 7.247 107.251 8.904
201906 7.258 108.070 8.850
201909 7.271 108.329 8.845
201912 7.318 108.420 8.894
202003 7.300 108.902 8.833
202006 7.295 108.767 8.838
202009 7.307 109.815 8.768
202012 7.209 109.897 8.644
202103 7.223 111.754 8.517
202106 7.232 114.631 8.314
202109 7.237 115.734 8.240
202112 7.206 117.630 8.073
202203 7.170 121.301 7.789
202206 7.181 125.017 7.569
202209 7.199 125.227 7.576
202212 7.274 125.222 7.655
202303 7.234 127.348 7.486
202306 7.249 128.729 7.421
202309 7.264 129.860 7.371
202312 7.389 129.419 7.524
202403 7.349 131.776 7.349

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


KLCC Property & Holdings Bhd  (XKLS:5235SS) 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.

KLCC Property & Holdings Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.48/8.54
=0.88

* 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 KLCC Property & Holdings Bhd was 1.13. The lowest was 0.78. And the median was 0.84.


Be Aware

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


KLCC Property & Holdings Bhd Cyclically Adjusted Book per Share Related Terms

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


KLCC Property & Holdings Bhd (XKLS:5235SS) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Sultan Hishamuddin, Levels 33 & 34, Menara Dayabumi, Kuala Lumpur, MYS, 50050
KLCC Property & Holdings Bhd is a real estate investment company engaged in the ownership, management, and redevelopment of office and retail space in Malaysia. Its property portfolio consists of offices, retail, and hotel. Through its subsidiaries, it also provides facility management services and car parking management services. Its segments are Property investment providing office rental of office spaces and other related activities; Property investment providing retail rental of retail spaces and other related activities; Hotel operations providing rental of hotel rooms, the sale of food and beverages and other related activities; and, car park operations, management of a real estate investment trust and general management services.

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