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AK Holdings (XKRX:006840) Cyclically Adjusted Book per Share : ₩56,520.40 (As of Mar. 2024)


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What is AK Holdings 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.

AK Holdings's adjusted book value per share for the three months ended in Mar. 2024 was ₩45,477.709. 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 ₩56,520.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AK Holdings's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.70% 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 AK Holdings was 1.80% per year. The lowest was -0.50% per year. And the median was -0.20% per year.

As of today (2024-06-19), AK Holdings's current stock price is ₩14570.00. AK Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩56,520.40. AK Holdings's Cyclically Adjusted PB Ratio of today is 0.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AK Holdings was 1.61. The lowest was 0.21. And the median was 0.51.


AK Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for AK Holdings'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.

AK Holdings Cyclically Adjusted Book per Share Chart

AK Holdings 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 54,412.00 53,578.20 53,011.30 54,607.90 56,502.90

AK Holdings 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 55,276.50 55,609.20 56,620.70 56,502.90 56,520.40

Competitive Comparison of AK Holdings's Cyclically Adjusted Book per Share

For the Chemicals subindustry, AK Holdings'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.


AK Holdings's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AK Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AK Holdings 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, AK Holdings'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)
=45477.709/118.8477*118.8477
=45,477.709

Current CPI (Mar. 2024) = 118.8477.

AK Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 38,662.444 99.353 46,248.654
201409 42,286.938 99.608 50,454.836
201412 43,373.908 99.098 52,018.095
201503 45,121.253 99.720 53,776.145
201506 44,543.572 100.050 52,912.555
201509 43,740.984 100.110 51,928.033
201512 43,497.706 100.220 51,582.542
201603 44,764.607 100.560 52,905.435
201606 46,118.793 100.790 54,381.511
201609 47,833.115 101.460 56,030.512
201612 48,112.385 101.560 56,302.149
201703 48,940.867 102.850 56,553.325
201706 50,555.101 102.610 58,555.282
201709 54,033.565 103.490 62,052.033
201712 54,400.060 102.990 62,776.211
201803 59,909.383 104.100 68,396.661
201806 62,031.114 104.130 70,798.571
201809 64,413.561 105.650 72,460.043
201812 64,784.938 104.350 73,785.730
201903 66,529.357 104.490 75,670.983
201906 66,733.083 104.880 75,620.456
201909 65,094.962 105.200 73,539.796
201912 63,415.149 105.120 71,696.581
202003 59,158.056 105.540 66,617.386
202006 54,593.299 104.870 61,869.820
202009 52,837.208 106.200 59,129.761
202012 52,722.018 105.765 59,243.293
202103 48,795.871 107.357 54,018.520
202106 47,520.427 107.579 52,498.298
202109 44,499.989 108.759 48,627.807
202112 45,960.788 109.676 49,804.096
202203 44,018.230 111.806 46,790.644
202206 44,278.238 114.083 46,127.609
202209 43,947.004 114.831 45,484.118
202212 41,214.542 115.200 42,519.488
202303 44,430.876 116.550 45,306.954
202306 46,108.418 117.140 46,780.639
202309 45,837.541 119.111 45,736.138
202312 44,338.588 118.848 44,338.588
202403 45,477.709 118.848 45,477.709

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


AK Holdings  (XKRX:006840) 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.

AK Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14570.00/56520.4
=0.26

* 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 AK Holdings was 1.61. The lowest was 0.21. And the median was 0.51.


Be Aware

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


AK Holdings Cyclically Adjusted Book per Share Related Terms

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


AK Holdings (XKRX:006840) Business Description

Industry
Traded in Other Exchanges
N/A
Address
106-3, Guro-Dong, Guro-Ku, Seoul, KOR
AK Holdings Inc is a South Korea based company operates in the chemical business. It is primarily involved in the manufacturing and producing of petrochemical products such as Phthalic Anhydride, Maleic Anhydride, Itaconic Acid, Plasticizer, and Polyol. Geographically the activities are carried out through the region of South Korea.

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