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Hanwha (XKRX:000880) Cyclically Adjusted Book per Share : ₩65,084.10 (As of Mar. 2024)


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What is Hanwha 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.

Hanwha's adjusted book value per share for the three months ended in Mar. 2024 was ₩105,403.730. 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 ₩65,084.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hanwha's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Hanwha was 5.60% per year. The lowest was 1.20% per year. And the median was 3.70% per year.

As of today (2024-05-26), Hanwha's current stock price is ₩25550.00. Hanwha's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩65,084.10. Hanwha's Cyclically Adjusted PB Ratio of today is 0.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hanwha was 1.05. The lowest was 0.25. And the median was 0.52.


Hanwha Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hanwha'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.

Hanwha Cyclically Adjusted Book per Share Chart

Hanwha 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 55,419.40 56,478.60 56,718.70 57,436.80 64,109.40

Hanwha 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 59,277.60 60,762.30 63,163.10 64,109.40 65,084.10

Competitive Comparison of Hanwha's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Hanwha'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.


Hanwha's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

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

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



Hanwha 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, Hanwha'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)
=105403.73/118.8477*118.8477
=105,403.730

Current CPI (Mar. 2024) = 118.8477.

Hanwha Quarterly Data

Book Value per Share CPI Adj_Book
201406 50,692.607 99.353 60,639.334
201409 52,268.797 99.608 62,364.733
201412 56,052.472 99.098 67,223.429
201503 59,325.650 99.720 70,705.145
201506 55,985.441 100.050 66,504.157
201509 56,551.878 100.110 67,136.756
201512 53,429.642 100.220 63,360.508
201603 57,683.109 100.560 68,173.278
201606 60,565.280 100.790 71,416.254
201609 69,105.287 101.460 80,948.200
201612 46,652.092 101.560 54,593.283
201703 48,981.142 102.850 56,599.865
201706 51,651.576 102.610 59,825.271
201709 50,030.757 103.490 57,455.217
201712 48,098.837 102.990 55,504.769
201803 43,358.630 104.100 49,501.186
201806 45,243.279 104.130 51,637.949
201809 45,576.508 105.650 51,269.883
201812 44,231.544 104.350 50,376.783
201903 46,693.986 104.490 53,110.086
201906 48,974.976 104.880 55,497.361
201909 50,721.515 105.200 57,301.667
201912 46,838.650 105.120 52,955.345
202003 46,651.706 105.540 52,534.091
202006 50,682.733 104.870 57,438.030
202009 53,104.986 106.200 59,429.430
202012 43,379.183 105.765 48,744.827
202103 45,796.801 107.357 50,698.458
202106 49,540.830 107.579 54,730.343
202109 51,177.957 108.759 55,925.223
202112 58,711.534 109.676 63,621.078
202203 38,986.472 111.806 41,441.969
202206 28,355.737 114.083 29,540.072
202209 21,154.090 114.831 21,893.987
202212 110,546.356 115.200 114,046.505
202303 113,369.395 116.550 115,604.788
202306 113,849.135 117.140 115,508.958
202309 122,656.193 119.111 122,384.851
202312 110,317.666 118.848 110,317.666
202403 105,403.730 118.848 105,403.730

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


Hanwha  (XKRX:000880) 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.

Hanwha's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25550.00/65084.1
=0.39

* 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 Hanwha was 1.05. The lowest was 0.25. And the median was 0.52.


Be Aware

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


Hanwha Cyclically Adjusted Book per Share Related Terms

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


Hanwha (XKRX:000880) Business Description

Industry
Traded in Other Exchanges
Address
1 Janggyo-dong, Jung-gu, Seoul, KOR, 100-797
Hanwha Corp is a global manufacturing and trading company. The company operates in four business areas - Explosives, Defense, Trading, and Machinery. Explosives Division offers a wide range of explosives products and services via three business units: chemical unit, cladding unit, and the fireworks promotion unit. Trading Division engages in trading various products ranging from raw materials to consumer goods, wood pallet manufacturing, landfill gas generation, solar power systems, and other new and renewable energy businesses. Machinery Division offers machine tools, factory automation and plant and machinery. Under its Defense Division, it offers precision-guided munitions, advanced ammunition, and unmanned systems and underwater surveillance equipment.

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