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Holcim Philippines (PHS:HLCM) Cyclically Adjusted PB Ratio : 0.81 (As of Jun. 10, 2024)


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What is Holcim Philippines Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Holcim Philippines's current share price is ₱3.87. Holcim Philippines's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₱4.78. Holcim Philippines's Cyclically Adjusted PB Ratio for today is 0.81.

The historical rank and industry rank for Holcim Philippines's Cyclically Adjusted PB Ratio or its related term are showing as below:

PHS:HLCM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 1.5   Max: 4.24
Current: 0.81

During the past years, Holcim Philippines's highest Cyclically Adjusted PB Ratio was 4.24. The lowest was 0.81. And the median was 1.50.

PHS:HLCM's Cyclically Adjusted PB Ratio is not ranked
in the Building Materials industry.
Industry Median: 1.09 vs PHS:HLCM: 0.81

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.

Holcim Philippines's adjusted book value per share data for the three months ended in Sep. 2023 was ₱4.862. 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 ₱4.78 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Holcim Philippines Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Holcim Philippines's Cyclically Adjusted PB Ratio 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.

Holcim Philippines Cyclically Adjusted PB Ratio Chart

Holcim Philippines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.63 3.67 1.88 1.30 0.85

Holcim Philippines Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted PB Ratio 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 0.83 0.85 0.83 0.82 0.81

Competitive Comparison of Holcim Philippines's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, Holcim Philippines'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.


Holcim Philippines's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Holcim Philippines's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Holcim Philippines Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Holcim Philippines's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.87/4.78
=0.81

* 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.

Holcim Philippines's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Holcim Philippines's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=4.862/129.8595*129.8595
=4.862

Current CPI (Sep. 2023) = 129.8595.

Holcim Philippines Quarterly Data

Book Value per Share CPI Adj_Book
201312 3.327 98.326 4.394
201403 3.586 99.695 4.671
201406 3.142 100.560 4.057
201409 3.254 100.428 4.208
201412 3.423 99.070 4.487
201503 3.656 99.621 4.766
201506 3.072 100.684 3.962
201509 3.307 100.392 4.278
201512 3.869 99.792 5.035
201603 4.102 100.470 5.302
201606 3.567 101.688 4.555
201609 3.840 101.861 4.895
201612 4.069 101.863 5.187
201703 4.214 102.862 5.320
201706 3.414 103.349 4.290
201709 3.446 104.136 4.297
201712 3.464 104.011 4.325
201803 3.572 105.290 4.406
201806 3.286 106.317 4.014
201809 3.314 106.507 4.041
201812 3.915 105.998 4.796
201903 3.914 107.251 4.739
201906 4.024 108.070 4.835
201909 4.095 108.329 4.909
201912 4.302 108.420 5.153
202003 4.380 108.902 5.223
202006 4.366 108.767 5.213
202009 4.461 109.815 5.275
202012 4.590 109.897 5.424
202103 4.731 111.754 5.497
202106 4.413 114.631 4.999
202109 4.517 115.734 5.068
202112 4.617 117.630 5.097
202203 4.682 121.301 5.012
202206 4.792 125.017 4.978
202209 4.750 125.227 4.926
202212 4.757 125.222 4.933
202303 4.728 127.348 4.821
202306 4.783 128.729 4.825
202309 4.862 129.860 4.862

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


Holcim Philippines  (PHS:HLCM) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Holcim Philippines Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Holcim Philippines's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Holcim Philippines (PHS:HLCM) Business Description

Traded in Other Exchanges
N/A
Address
7th Floor, Two World Square, McKinley Hill, Fort Bonifacio, Taguig City, PHL, 1634
Holcim Philippines Inc is a cement manufacturer. The company manufactures, sells and distributes cement and clinker, along with it also provides aggregates, concrete and construction related services. The company's product line includes xcement, dry mix mortar products, clinker, and ready mix concrete. Its cement brands are Holcim Premium (Type 1 portland cement), Holcim 4X (Type 1 high-performance Portland cement), Holcim Excel (Type 1P blended cement), and Holcim WallRight (Type S Masonry cement). Its assets include four production facilities, one cement grinding mill, five ports, and various storage and distribution points.

Holcim Philippines (PHS:HLCM) Headlines

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