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YTL Bhd (TSE:1773) Cyclically Adjusted PB Ratio : 2.48 (As of Jun. 19, 2024)


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What is YTL Bhd Cyclically Adjusted PB Ratio?

As of today (2024-06-19), YTL Bhd's current share price is 円119.00. YTL Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was 円47.97. YTL Bhd's Cyclically Adjusted PB Ratio for today is 2.48.

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

TSE:1773' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.53   Max: 2.51
Current: 2.31

During the past years, YTL Bhd's highest Cyclically Adjusted PB Ratio was 2.51. The lowest was 0.36. And the median was 0.53.

TSE:1773's Cyclically Adjusted PB Ratio is ranked worse than
74.89% of 458 companies
in the Utilities - Regulated industry
Industry Median: 1.37 vs TSE:1773: 2.31

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.

YTL Bhd's adjusted book value per share data for the three months ended in Mar. 2024 was 円46.387. 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 円47.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


YTL Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for YTL Bhd'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.

YTL Bhd Cyclically Adjusted PB Ratio Chart

YTL Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.61 0.48 0.39 0.69

YTL Bhd 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 0.41 0.69 1.01 1.26 1.74

Competitive Comparison of YTL Bhd's Cyclically Adjusted PB Ratio

For the Utilities - Diversified subindustry, YTL Bhd'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.


YTL Bhd's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, YTL Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



YTL Bhd 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.

YTL Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=119.00/47.97
=2.48

* 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.

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

For example, YTL Bhd'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)
=46.387/131.7762*131.7762
=46.387

Current CPI (Mar. 2024) = 131.7762.

YTL Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 41.751 100.560 54.712
201409 44.051 100.428 57.801
201412 42.707 99.070 56.806
201503 42.227 99.621 55.857
201506 44.077 100.684 57.688
201509 39.905 100.392 52.380
201512 37.274 99.792 49.220
201603 35.364 100.470 46.383
201606 34.362 101.688 44.529
201609 34.086 101.861 44.097
201612 34.673 101.863 44.855
201703 34.239 102.862 43.863
201706 34.574 103.349 44.084
201709 35.800 104.136 45.302
201712 35.577 104.011 45.074
201803 34.601 105.290 43.305
201806 35.042 106.317 43.433
201809 35.364 106.507 43.754
201812 33.186 105.998 41.257
201903 34.284 107.251 42.124
201906 31.546 108.070 38.466
201909 30.591 108.329 37.212
201912 31.409 108.420 38.175
202003 29.334 108.902 35.496
202006 28.506 108.767 34.536
202009 28.715 109.815 34.458
202012 29.477 109.897 35.346
202103 31.373 111.754 36.994
202106 31.072 114.631 35.719
202109 29.627 115.734 33.734
202112 29.111 117.630 32.612
202203 32.570 121.301 35.383
202206 36.358 125.017 38.324
202209 36.581 125.227 38.494
202212 35.053 125.222 36.888
202303 35.838 127.348 37.084
202306 40.281 128.729 41.235
202309 43.222 129.860 43.860
202312 42.869 129.419 43.650
202403 46.387 131.776 46.387

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.


YTL Bhd  (TSE:1773) 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.


YTL Bhd Cyclically Adjusted PB Ratio Related Terms

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


YTL Bhd (TSE:1773) Business Description

Traded in Other Exchanges
Address
205 Jalan Bukit Bintang, 33rd Floor, Menara YTL, Kuala Lumpur, SGR, MYS, 55100
YTL Corp Bhd is a global holding company that operates in the infrastructure development space through its subsidiaries. YTL Corp has a wide variety of operations, including activities in the construction, power generation and transmission, water and sewage facilities, communications, cement manufacturing, property development and investment, hotel development and management, e-commerce, and Internet education services industries. The company's largest segment is its Utility division, which houses its electricity generation and water management businesses. YTL mainly generates revenue from selling electricity, water, and other goods, such as cement and real estate. The company's primary geographic areas include Malaysia, the U.K., and Singapore.

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