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Megaworld (PHS:MEG) Cyclically Adjusted PB Ratio : 0.30 (As of Jun. 01, 2024)


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What is Megaworld Cyclically Adjusted PB Ratio?

As of today (2024-06-01), Megaworld's current share price is ₱1.80. Megaworld's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱6.03. Megaworld's Cyclically Adjusted PB Ratio for today is 0.30.

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

PHS:MEG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.7   Max: 1.81
Current: 0.3

During the past years, Megaworld's highest Cyclically Adjusted PB Ratio was 1.81. The lowest was 0.29. And the median was 0.70.

PHS:MEG's Cyclically Adjusted PB Ratio is ranked better than
74.71% of 1368 companies
in the Real Estate industry
Industry Median: 0.7 vs PHS:MEG: 0.30

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.

Megaworld's adjusted book value per share data for the three months ended in Mar. 2024 was ₱7.438. 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 ₱6.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Megaworld Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Megaworld'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.

Megaworld Cyclically Adjusted PB Ratio Chart

Megaworld Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.00 0.68 0.38 0.34

Megaworld Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.37 0.35 0.35 0.34 0.32

Competitive Comparison of Megaworld's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Megaworld'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.


Megaworld's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Megaworld's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Megaworld 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.

Megaworld's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.80/6.03
=0.30

* 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.

Megaworld's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Megaworld'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)
=7.438/131.7762*131.7762
=7.438

Current CPI (Mar. 2024) = 131.7762.

Megaworld Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.344 100.560 4.382
201409 3.415 100.428 4.481
201412 3.436 99.070 4.570
201503 3.501 99.621 4.631
201506 3.490 100.684 4.568
201509 3.526 100.392 4.628
201512 3.618 99.792 4.778
201603 3.688 100.470 4.837
201606 3.728 101.688 4.831
201609 3.829 101.861 4.954
201612 3.951 101.863 5.111
201703 3.977 102.862 5.095
201706 4.048 103.349 5.161
201709 4.170 104.136 5.277
201712 4.375 104.011 5.543
201803 4.398 105.290 5.504
201806 4.789 106.317 5.936
201809 4.921 106.507 6.089
201812 5.081 105.998 6.317
201903 5.203 107.251 6.393
201906 5.254 108.070 6.407
201909 5.374 108.329 6.537
201912 5.534 108.420 6.726
202003 5.657 108.902 6.845
202006 5.696 108.767 6.901
202009 5.775 109.815 6.930
202012 5.812 109.897 6.969
202103 5.589 111.754 6.590
202106 5.675 114.631 6.524
202109 5.784 115.734 6.586
202112 6.240 117.630 6.990
202203 6.334 121.301 6.881
202206 6.450 125.017 6.799
202209 6.537 125.227 6.879
202212 6.643 125.222 6.991
202303 6.825 127.348 7.062
202306 6.952 128.729 7.117
202309 7.209 129.860 7.315
202312 7.304 129.419 7.437
202403 7.438 131.776 7.438

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.


Megaworld  (PHS:MEG) 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.


Megaworld Cyclically Adjusted PB Ratio Related Terms

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


Megaworld (PHS:MEG) Business Description

Industry
Traded in Other Exchanges
Address
36th Street Cor. 11th Avenue, 25th Floor, Alliance Global Tower, Uptown Bonifacio, Metro Manila, Taguig, PHL, 1634
Megaworld Corp is a general real estate company. The company's core business is property development. The company is focused on large-scale residential and office developments including urban centers integrating office, residential, and commercial components. Megaworld is a holding company that also engages in hotel and leisure operations. The company's operations are focused in the Philippines.