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Genie Music (XKRX:043610) Cyclically Adjusted Book per Share : ₩2,466.45 (As of Mar. 2024)


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What is Genie Music 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.

Genie Music's adjusted book value per share for the three months ended in Mar. 2024 was ₩3,113.986. 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 ₩2,466.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Genie Music's average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.40% 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 Genie Music was 14.20% per year. The lowest was 9.50% per year. And the median was 12.90% per year.

As of today (2024-06-14), Genie Music's current stock price is ₩3015.00. Genie Music's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩2,466.45. Genie Music's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Genie Music was 5.84. The lowest was 1.18. And the median was 2.68.


Genie Music Cyclically Adjusted Book per Share Historical Data

The historical data trend for Genie Music'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.

Genie Music Cyclically Adjusted Book per Share Chart

Genie Music 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 1,485.28 1,688.00 1,954.88 2,193.49 2,427.93

Genie Music 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 2,254.68 2,303.43 2,385.02 2,427.93 2,466.45

Competitive Comparison of Genie Music's Cyclically Adjusted Book per Share

For the Internet Content & Information subindustry, Genie Music'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.


Genie Music's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Genie Music's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Genie Music 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, Genie Music'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)
=3113.986/118.8477*118.8477
=3,113.986

Current CPI (Mar. 2024) = 118.8477.

Genie Music Quarterly Data

Book Value per Share CPI Adj_Book
201406 1,372.958 99.353 1,642.355
201409 1,433.334 99.608 1,710.188
201412 1,346.859 99.098 1,615.281
201503 1,367.852 99.720 1,630.225
201506 1,359.058 100.050 1,614.402
201509 1,398.940 100.110 1,660.781
201512 1,428.960 100.220 1,694.558
201603 1,476.526 100.560 1,745.045
201606 1,489.226 100.790 1,756.038
201609 1,522.428 101.460 1,783.334
201612 1,629.295 101.560 1,906.636
201703 1,647.704 102.850 1,903.994
201706 1,928.663 102.610 2,233.868
201709 1,943.902 103.490 2,232.373
201712 1,849.491 102.990 2,134.263
201803 1,870.297 104.100 2,135.259
201806 1,885.618 104.130 2,152.131
201809 1,920.093 105.650 2,159.949
201812 2,518.304 104.350 2,868.181
201903 2,561.359 104.490 2,913.309
201906 2,588.368 104.880 2,933.081
201909 2,605.191 105.200 2,943.165
201912 2,644.053 105.120 2,989.342
202003 2,673.835 105.540 3,010.983
202006 2,717.233 104.870 3,079.402
202009 2,778.525 106.200 3,109.428
202012 2,806.213 105.765 3,153.318
202103 2,879.698 107.357 3,187.914
202106 2,930.178 107.579 3,237.121
202109 2,976.511 108.759 3,252.612
202112 2,399.450 109.676 2,600.095
202203 2,440.478 111.806 2,594.187
202206 2,592.475 114.083 2,700.755
202209 2,653.823 114.831 2,746.645
202212 2,714.418 115.200 2,800.363
202303 2,746.571 116.550 2,800.727
202306 2,792.773 117.140 2,833.489
202309 2,998.030 119.111 2,991.398
202312 3,087.685 118.848 3,087.685
202403 3,113.986 118.848 3,113.986

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


Genie Music  (XKRX:043610) 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.

Genie Music's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3015.00/2466.45
=1.22

* 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 Genie Music was 5.84. The lowest was 1.18. And the median was 2.68.


Be Aware

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


Genie Music Cyclically Adjusted Book per Share Related Terms

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


Genie Music (XKRX:043610) Business Description

Traded in Other Exchanges
N/A
Address
Yeongdong Daero Road, Gangnam-gu, Seoul, KOR
Genie Music Corp is engaged in wired and wireless Internet music services, content planning, and distribution businesses in South Korea.

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