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Telekom Malaysia Bhd (XKLS:4863) Cyclically Adjusted PB Ratio : 2.70 (As of May. 22, 2024)


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What is Telekom Malaysia Bhd Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Telekom Malaysia Bhd's current share price is RM6.49. Telekom Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM2.40. Telekom Malaysia Bhd's Cyclically Adjusted PB Ratio for today is 2.70.

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

XKLS:4863' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.17   Med: 2.24   Max: 2.88
Current: 2.58

During the past years, Telekom Malaysia Bhd's highest Cyclically Adjusted PB Ratio was 2.88. The lowest was 1.17. And the median was 2.24.

XKLS:4863's Cyclically Adjusted PB Ratio is ranked worse than
72.82% of 287 companies
in the Telecommunication Services industry
Industry Median: 1.45 vs XKLS:4863: 2.58

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.

Telekom Malaysia Bhd's adjusted book value per share data for the three months ended in Dec. 2023 was RM2.388. 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 RM2.40 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telekom Malaysia Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Telekom Malaysia 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.

Telekom Malaysia Bhd Cyclically Adjusted PB Ratio Chart

Telekom Malaysia Bhd 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 - 2.36 2.44 2.30 2.31

Telekom Malaysia Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.30 2.06 2.05 2.03 2.31

Competitive Comparison of Telekom Malaysia Bhd's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Telekom Malaysia 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.


Telekom Malaysia Bhd's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telekom Malaysia Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Telekom Malaysia 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.49/2.4
=2.70

* 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.

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

For example, Telekom Malaysia Bhd'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)
=2.388/129.4194*129.4194
=2.388

Current CPI (Dec. 2023) = 129.4194.

Telekom Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.050 99.695 2.661
201406 2.085 100.560 2.683
201409 1.886 100.428 2.430
201412 2.036 99.070 2.660
201503 2.074 99.621 2.694
201506 2.069 100.684 2.659
201509 2.010 100.392 2.591
201512 2.070 99.792 2.685
201603 2.007 100.470 2.585
201606 2.047 101.688 2.605
201609 2.002 101.861 2.544
201612 2.047 101.863 2.601
201703 1.987 102.862 2.500
201706 2.043 103.349 2.558
201709 2.004 104.136 2.491
201712 2.087 104.011 2.597
201803 2.013 105.290 2.474
201806 2.041 106.317 2.485
201809 1.996 106.507 2.425
201812 2.002 105.998 2.444
201903 1.861 107.251 2.246
201906 1.892 108.070 2.266
201909 1.967 108.329 2.350
201912 1.953 108.420 2.331
202003 1.896 108.902 2.253
202006 1.972 108.767 2.346
202009 1.822 109.815 2.147
202012 1.888 109.897 2.223
202103 1.900 111.754 2.200
202106 1.960 114.631 2.213
202109 1.965 115.734 2.197
202112 1.988 117.630 2.187
202203 2.019 121.301 2.154
202206 2.115 125.017 2.189
202209 2.076 125.227 2.146
202212 2.077 125.222 2.147
202303 2.087 127.348 2.121
202306 2.230 128.729 2.242
202309 2.276 129.860 2.268
202312 2.388 129.419 2.388

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.


Telekom Malaysia Bhd  (XKLS:4863) 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.


Telekom Malaysia Bhd Cyclically Adjusted PB Ratio Related Terms

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


Telekom Malaysia Bhd (XKLS:4863) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Pantai Baharu, Level 51, North Wing, Menara TM, Kuala Lumpur, SGR, MYS, 50672
Telekom Malaysia Bhd is a triple-play telecommunications company. It generates revenue from the provision of fixed-line voice services, data, and broadband, and multimedia services to businesses and individual households, and consumers. Broadband and multimedia services are the majority of company revenue. Data is composed of products such as Ethernet and Internet protocol services. Additionally, the company's voice product generates revenue from providing business and residential telephony services. The company owns telecommunications infrastructure. Its segments include Unifi; TM ONE; TM Global; and Shared Services/Others. It generates the vast majority of its revenue in Malaysia.

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