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Kenon Holdings (XTAE:KEN) Cyclically Adjusted Book per Share : ₪90.93 (As of Mar. 2025)


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What is Kenon 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.

Kenon Holdings's adjusted book value per share for the three months ended in Mar. 2025 was ₪107.619. 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 ₪90.93 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Kenon Holdings's average Cyclically Adjusted Book Growth Rate was -100.00% 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 (2025-05-29), Kenon Holdings's current stock price is ₪125.30. Kenon Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₪90.93. Kenon Holdings's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kenon Holdings was 1.43. The lowest was 0.74. And the median was 1.05.


Kenon Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kenon 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.

Kenon Holdings Cyclically Adjusted Book per Share Chart

Kenon Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 87.50 87.80

Kenon Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 88.98 93.61 92.14 87.80 90.93

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

For the Utilities - Independent Power Producers subindustry, Kenon 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.


Kenon Holdings's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Kenon 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, Kenon Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=107.619/134.9266*134.9266
=107.619

Current CPI (Mar. 2025) = 134.9266.

Kenon Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201506 84.745 100.684 113.567
201509 77.127 100.392 103.659
201512 69.240 99.792 93.618
201603 66.734 100.470 89.620
201606 47.877 101.688 63.526
201609 46.824 101.861 62.024
201612 44.427 101.863 58.848
201703 43.759 102.862 57.400
201706 44.933 103.349 58.662
201709 47.984 104.136 62.172
201712 64.009 104.011 83.035
201803 53.825 105.290 68.976
201806 53.370 106.317 67.732
201809 52.914 106.507 67.033
201812 42.242 105.998 53.771
201903 41.264 107.251 51.912
201906 42.370 108.070 52.900
201909 46.509 108.329 57.928
201912 40.547 108.420 50.460
202003 40.905 108.902 50.680
202006 57.943 108.767 71.879
202009 62.430 109.815 76.706
202012 69.377 109.897 85.178
202103 85.439 111.754 103.155
202106 90.381 114.631 106.383
202109 102.800 115.734 119.847
202112 116.629 117.630 133.779
202203 158.379 121.301 176.170
202206 138.614 125.017 149.602
202209 158.175 125.227 170.427
202212 103.921 125.222 111.975
202303 95.556 127.348 101.243
202306 92.306 128.729 96.750
202309 79.672 129.860 82.781
202312 79.892 129.419 83.292
202403 66.778 131.776 68.374
202406 74.146 132.554 75.473
202409 78.420 133.029 79.539
202412 108.015 133.157 109.450
202503 107.619 134.927 107.619

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


Kenon Holdings  (XTAE:KEN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=125.30/90.93
=1.38

* 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 Kenon Holdings was 1.43. The lowest was 0.74. And the median was 1.05.


Be Aware

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


Kenon Holdings Cyclically Adjusted Book per Share Related Terms

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


Kenon Holdings Business Description

Traded in Other Exchanges
Address
1 Temasek Avenue, No. 37-02B, Millenia Tower, Singapore, SGP, 039192
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include OPC Power Plants, CPV Group, and ZIM. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.