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Timberwell Bhd (XKLS:7854) Cyclically Adjusted Book per Share : RM0.61 (As of Dec. 2023)


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What is Timberwell 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.

Timberwell Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM0.691. 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 RM0.61 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Timberwell Bhd's average Cyclically Adjusted Book Growth Rate was 8.90% 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 (2024-06-22), Timberwell Bhd's current stock price is RM0.54. Timberwell Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM0.61. Timberwell Bhd's Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Timberwell Bhd was 1.50. The lowest was 0.78. And the median was 0.90.


Timberwell Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Timberwell 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.

Timberwell Bhd Cyclically Adjusted Book per Share Chart

Timberwell 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 - - 0.51 0.56 0.61

Timberwell 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 0.56 0.58 0.59 0.61 0.61

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

For the Lumber & Wood Production subindustry, Timberwell 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.


Timberwell Bhd's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Timberwell Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Timberwell 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, Timberwell 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)
=0.691/129.4194*129.4194
=0.691

Current CPI (Dec. 2023) = 129.4194.

Timberwell Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.373 99.695 0.484
201406 0.378 100.560 0.486
201409 0.377 100.428 0.486
201412 0.382 99.070 0.499
201503 0.380 99.621 0.494
201506 0.380 100.684 0.488
201509 0.397 100.392 0.512
201512 0.393 99.792 0.510
201603 0.396 100.470 0.510
201606 0.397 101.688 0.505
201609 0.393 101.861 0.499
201612 0.437 101.863 0.555
201703 0.383 102.862 0.482
201706 0.400 103.349 0.501
201709 0.414 104.136 0.515
201712 0.489 104.011 0.608
201803 0.440 105.290 0.541
201806 0.460 106.317 0.560
201809 0.477 106.507 0.580
201812 0.550 105.998 0.672
201903 0.554 107.251 0.669
201906 0.570 108.070 0.683
201909 0.557 108.329 0.665
201912 0.588 108.420 0.702
202003 0.583 108.902 0.693
202006 0.575 108.767 0.684
202009 0.582 109.815 0.686
202012 0.583 109.897 0.687
202103 0.579 111.754 0.671
202106 0.594 114.631 0.671
202109 0.610 115.734 0.682
202112 0.653 117.630 0.718
202203 0.654 121.301 0.698
202206 0.676 125.017 0.700
202209 0.686 125.227 0.709
202212 0.713 125.222 0.737
202303 0.708 127.348 0.720
202306 0.701 128.729 0.705
202309 0.706 129.860 0.704
202312 0.691 129.419 0.691

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


Timberwell Bhd  (XKLS:7854) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.54/0.61
=0.89

* 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 Timberwell Bhd was 1.50. The lowest was 0.78. And the median was 0.90.


Be Aware

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


Timberwell Bhd Cyclically Adjusted Book per Share Related Terms

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


Timberwell Bhd (XKLS:7854) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Jalan Kemajuan, Wisma BSN Sabah, 2nd Floor, P.O.Box 15826, Karamunsing, Kota Kinabalu, SBH, MYS, 88000
Timberwell Bhd is a Malaysia-based company engaged in the business of investment holding, forest management, harvesting, and trading of timber. The primary operations of the company are timber harvesting, rehabilitation mainly involving silviculture treatment, and mosaic timber planting. It operates under the business units of Forestry Division, Plantation Division, Trading Division, and Property Division. Geographically, it operates in Malaysia.

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