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TWC Enterprises (TSX:TWC) Cyclically Adjusted PB Ratio : 1.10 (As of May. 01, 2024)


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What is TWC Enterprises Cyclically Adjusted PB Ratio?

As of today (2024-05-01), TWC Enterprises's current share price is C$17.05. TWC Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was C$15.46. TWC Enterprises's Cyclically Adjusted PB Ratio for today is 1.10.

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

TSX:TWC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.57   Max: 2.53
Current: 1.1

During the past years, TWC Enterprises's highest Cyclically Adjusted PB Ratio was 2.53. The lowest was 0.84. And the median was 1.57.

TSX:TWC's Cyclically Adjusted PB Ratio is ranked better than
56.63% of 588 companies
in the Travel & Leisure industry
Industry Median: 1.385 vs TSX:TWC: 1.10

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.

TWC Enterprises's adjusted book value per share data for the three months ended in Dec. 2023 was C$21.627. 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 C$15.46 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TWC Enterprises Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TWC Enterprises'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.

TWC Enterprises Cyclically Adjusted PB Ratio Chart

TWC Enterprises 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 1.40 1.53 1.51 1.27 1.06

TWC Enterprises 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 1.22 1.23 1.15 1.06 -

Competitive Comparison of TWC Enterprises's Cyclically Adjusted PB Ratio

For the Leisure subindustry, TWC Enterprises'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.


TWC Enterprises's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TWC Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TWC Enterprises 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.

TWC Enterprises's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.05/15.46
=1.10

* 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.

TWC Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, TWC Enterprises's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=21.627/125.4675*125.4675
=21.627

Current CPI (Dec. 2023) = 125.4675.

TWC Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.246 98.604 9.220
201406 7.156 99.473 9.026
201409 7.807 99.394 9.855
201412 7.591 98.367 9.682
201503 7.626 99.789 9.588
201506 7.672 100.500 9.578
201509 8.589 100.421 10.731
201512 8.299 99.947 10.418
201603 7.843 101.054 9.738
201606 7.986 102.002 9.823
201609 8.658 101.765 10.675
201612 8.695 101.449 10.754
201703 8.512 102.634 10.406
201706 8.632 103.029 10.512
201709 9.208 103.345 11.179
201712 8.526 103.345 10.351
201803 8.334 105.004 9.958
201806 8.646 105.557 10.277
201809 15.852 105.636 18.828
201812 16.073 105.399 19.133
201903 15.908 106.979 18.657
201906 15.858 107.690 18.476
201909 16.178 107.611 18.862
201912 16.328 107.769 19.009
202003 15.179 107.927 17.646
202006 15.244 108.401 17.644
202009 16.237 108.164 18.834
202012 16.563 108.559 19.143
202103 16.542 110.298 18.817
202106 16.677 111.720 18.729
202109 17.611 112.905 19.571
202112 20.153 113.774 22.224
202203 20.051 117.646 21.384
202206 20.269 120.806 21.051
202209 20.865 120.648 21.699
202212 20.946 120.964 21.726
202303 20.567 122.702 21.031
202306 20.781 124.203 20.993
202309 21.520 125.230 21.561
202312 21.627 125.468 21.627

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.


TWC Enterprises  (TSX:TWC) 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.


TWC Enterprises Cyclically Adjusted PB Ratio Related Terms

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


TWC Enterprises (TSX:TWC) Business Description

Traded in Other Exchanges
Address
15675 Dufferin Street, King City, ON, CAN, L7B 1K5
TWC Enterprises Ltd is a leisure services provider in Canada. Its core business is Golf club operations under the brand name ClubLink One Membership More Golf. The company's geographical segment includes Canadian golf club operation and United States golf club operation. It generates maximum revenue from the Canadian golf club operation segment.