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Malakoff Bhd (XKLS:5264) Cyclically Adjusted Book per Share : RM1.45 (As of Dec. 2023)


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What is Malakoff 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.

Malakoff Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM1.082. 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 RM1.45 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Malakoff Bhd's average Cyclically Adjusted Book Growth Rate was 2.80% 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.

As of today (2024-05-17), Malakoff Bhd's current stock price is RM0.675. Malakoff Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM1.45. Malakoff Bhd's Cyclically Adjusted PB Ratio of today is 0.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Malakoff Bhd was 0.52. The lowest was 0.40. And the median was 0.45.


Malakoff Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Malakoff 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.

Malakoff Bhd Cyclically Adjusted Book per Share Chart

Malakoff 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 - - - 1.41 1.45

Malakoff Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.41 1.44 1.45 1.46 1.45

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

For the Utilities - Diversified subindustry, Malakoff 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.


Malakoff Bhd's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Malakoff Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Malakoff 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, Malakoff Bhd's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.082/129.4194*129.4194
=1.082

Current CPI (Dec. 2023) = 129.4194.

Malakoff Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.785 99.070 1.025
201503 0.787 99.621 1.022
201506 1.149 100.684 1.477
201509 1.158 100.392 1.493
201512 1.153 99.792 1.495
201603 1.164 100.470 1.499
201606 1.159 101.688 1.475
201609 1.141 101.861 1.450
201612 1.180 101.863 1.499
201703 1.364 102.862 1.716
201706 1.343 103.349 1.682
201709 1.363 104.136 1.694
201712 1.331 104.011 1.656
201803 1.373 105.290 1.688
201806 1.325 106.317 1.613
201809 1.331 106.507 1.617
201812 1.318 105.998 1.609
201903 1.314 107.251 1.586
201906 1.280 108.070 1.533
201909 1.290 108.329 1.541
201912 1.291 108.420 1.541
202003 1.265 108.902 1.503
202006 1.265 108.767 1.505
202009 1.265 109.815 1.491
202012 1.250 109.897 1.472
202103 1.270 111.754 1.471
202106 1.273 114.631 1.437
202109 1.288 115.734 1.440
202112 1.268 117.630 1.395
202203 1.286 121.301 1.372
202206 1.297 125.017 1.343
202209 1.320 125.227 1.364
202212 1.302 125.222 1.346
202303 1.277 127.348 1.298
202306 1.192 128.729 1.198
202309 1.185 129.860 1.181
202312 1.082 129.419 1.082

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


Malakoff Bhd  (XKLS:5264) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.675/1.45
=0.47

* 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 Malakoff Bhd was 0.52. The lowest was 0.40. And the median was 0.45.


Be Aware

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


Malakoff Bhd Cyclically Adjusted Book per Share Related Terms

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


Malakoff Bhd (XKLS:5264) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Stesen Sentral 5, Level 12, Block 4, Plaza Sentral, Kuala Lumpur, SGR, MYS, 50470
Malakoff Corp Bhd is an investment holding company. Along with the subsidiaries, the company acts as an independent power and water producer in Asia. Its core business activities include the provision of power generation, water desalination and operation and maintenance services. In addition, the group also provides project management services for in-house and external projects. It derives a majority of the revenue from electricity generation and distribution activities. The group operates in Malaysia, Australia, Indonesia and the Middle East, of which key revenue is derived from Malaysia.

Malakoff Bhd (XKLS:5264) Headlines

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