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Hap Seng Plantations Holdings Bhd (XKLS:5138) Cyclically Adjusted PB Ratio : 0.66 (As of May. 16, 2024)


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What is Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Hap Seng Plantations Holdings Bhd's current share price is RM1.79. Hap Seng Plantations Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM2.71. Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio for today is 0.66.

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

XKLS:5138' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.73   Max: 1.23
Current: 0.67

During the past years, Hap Seng Plantations Holdings Bhd's highest Cyclically Adjusted PB Ratio was 1.23. The lowest was 0.63. And the median was 0.73.

XKLS:5138's Cyclically Adjusted PB Ratio is ranked better than
76.4% of 1254 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs XKLS:5138: 0.67

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.

Hap Seng Plantations Holdings Bhd's adjusted book value per share data for the three months ended in Dec. 2023 was RM2.442. 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 RM2.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hap Seng Plantations Holdings 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.

Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio Chart

Hap Seng Plantations Holdings 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 - - 0.76 0.72 0.63

Hap Seng Plantations Holdings 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 0.72 0.65 0.68 0.69 0.63

Competitive Comparison of Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, Hap Seng Plantations Holdings 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.


Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio falls into.



Hap Seng Plantations Holdings 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.

Hap Seng Plantations Holdings Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.79/2.71
=0.66

* 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.

Hap Seng Plantations Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Hap Seng Plantations Holdings 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)
=2.442/129.4194*129.4194
=2.442

Current CPI (Dec. 2023) = 129.4194.

Hap Seng Plantations Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.388 99.695 3.100
201406 2.421 100.560 3.116
201409 2.390 100.428 3.080
201412 2.435 99.070 3.181
201503 2.412 99.621 3.133
201506 2.433 100.684 3.127
201509 2.430 100.392 3.133
201512 2.476 99.792 3.211
201603 2.447 100.470 3.152
201606 2.472 101.688 3.146
201609 2.495 101.861 3.170
201612 2.081 101.863 2.644
201703 2.514 102.862 3.163
201706 2.550 103.349 3.193
201709 2.532 104.136 3.147
201712 2.087 104.011 2.597
201803 2.042 105.290 2.510
201806 2.046 106.317 2.491
201809 2.036 106.507 2.474
201812 2.049 105.998 2.502
201903 2.039 107.251 2.460
201906 2.033 108.070 2.435
201909 2.028 108.329 2.423
201912 2.066 108.420 2.466
202003 2.039 108.902 2.423
202006 2.082 108.767 2.477
202009 2.098 109.815 2.473
202012 2.144 109.897 2.525
202103 2.126 111.754 2.462
202106 2.185 114.631 2.467
202109 2.237 115.734 2.502
202112 2.355 117.630 2.591
202203 2.327 121.301 2.483
202206 2.410 125.017 2.495
202209 2.389 125.227 2.469
202212 2.413 125.222 2.494
202303 2.372 127.348 2.411
202306 2.384 128.729 2.397
202309 2.416 129.860 2.408
202312 2.442 129.419 2.442

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.


Hap Seng Plantations Holdings Bhd  (XKLS:5138) 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.


Hap Seng Plantations Holdings Bhd Cyclically Adjusted PB Ratio Related Terms

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


Hap Seng Plantations Holdings Bhd (XKLS:5138) Business Description

Traded in Other Exchanges
N/A
Address
Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250
Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills, and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. The majority of the group sales were local delivered sales to refiners within Malaysia.

Hap Seng Plantations Holdings Bhd (XKLS:5138) Headlines

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