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Kenon Holdings (STU:76N) Cyclically Adjusted PB Ratio : 1.05 (As of Jun. 23, 2024)


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What is Kenon Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-23), Kenon Holdings's current share price is €22.20. Kenon Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €21.24. Kenon Holdings's Cyclically Adjusted PB Ratio for today is 1.05.

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

STU:76N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1   Max: 1.11
Current: 0.98

During the past years, Kenon Holdings's highest Cyclically Adjusted PB Ratio was 1.11. The lowest was 0.74. And the median was 1.00.

STU:76N's Cyclically Adjusted PB Ratio is ranked better than
56.36% of 275 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.2 vs STU:76N: 0.98

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 adjusted book value per share data for the three months ended in Mar. 2024 was €17.537. 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 €21.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kenon Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kenon Holdings'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.

Kenon Holdings Cyclically Adjusted PB Ratio Chart

Kenon Holdings 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 - - - - 1.01

Kenon 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 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 - 0.97 0.94 1.01 1.09

Competitive Comparison of Kenon Holdings's Cyclically Adjusted PB Ratio

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.



Kenon Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.20/21.24
=1.05

* 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.

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

For example, Kenon 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)
=17.537/131.7762*131.7762
=17.537

Current CPI (Mar. 2024) = 131.7762.

Kenon Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 18.608 99.070 24.751
201503 21.985 99.621 29.081
201506 21.553 100.684 28.209
201509 19.616 100.392 25.748
201512 18.143 99.792 23.958
201603 17.106 100.470 22.436
201606 12.163 101.688 15.762
201609 11.909 101.861 15.407
201612 12.022 101.863 15.552
201703 11.679 102.862 14.962
201706 11.415 103.349 14.555
201709 11.492 104.136 14.542
201712 15.439 104.011 19.560
201803 12.460 105.290 15.594
201806 13.040 106.317 16.163
201809 12.944 106.507 16.015
201812 10.599 105.998 13.177
201903 10.424 107.251 12.808
201906 10.703 108.070 13.051
201909 12.054 108.329 14.663
201912 10.416 108.420 12.660
202003 10.567 108.902 12.787
202006 14.687 108.767 17.794
202009 15.129 109.815 18.155
202012 16.278 109.897 19.519
202103 20.486 111.754 24.156
202106 21.413 114.631 24.616
202109 24.942 115.734 28.399
202112 29.463 117.630 33.006
202203 41.049 121.301 44.594
202206 37.430 125.017 39.454
202209 45.601 125.227 47.986
202212 28.002 125.222 29.468
202303 25.475 127.348 26.361
202306 24.319 128.729 24.895
202309 21.309 129.860 21.624
202312 20.912 129.419 21.293
202403 17.537 131.776 17.537

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.


Kenon Holdings  (STU:76N) 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.


Kenon Holdings Cyclically Adjusted PB Ratio Related Terms

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


Kenon Holdings (STU:76N) 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; CPV Group; Quantum and ZIM. It generates maximum revenue from the OPC segment. OPC operates in the Israeli electricity generation sector, including the initiation, development, construction, and operation of power plants and the sale and supply of electricity. Geographically, it derives a majority of revenue from Israel.

Kenon Holdings (STU:76N) Headlines

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