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Korea Electric Power (Korea Electric Power) Cyclically Adjusted Book per Share : $39.17 (As of Sep. 2023)


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What is Korea Electric Power Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Korea Electric Power's adjusted book value per share for the three months ended in Sep. 2023 was $20.311. 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 $39.17 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Korea Electric Power's average Cyclically Adjusted Book Growth Rate was 0.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Korea Electric Power was 5.30% per year. The lowest was 1.90% per year. And the median was 3.10% per year.

As of today (2024-04-27), Korea Electric Power's current stock price is $7.71. Korea Electric Power's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was $39.17. Korea Electric Power's Cyclically Adjusted PB Ratio of today is 0.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Korea Electric Power was 0.75. The lowest was 0.15. And the median was 0.33.


Korea Electric Power Cyclically Adjusted Book per Share Historical Data

The historical data trend for Korea Electric Power's Cyclically Adjusted Book per Share 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.

Korea Electric Power Cyclically Adjusted Book per Share Chart

Korea Electric Power Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.34 45.48 43.68 43.20 -

Korea Electric Power Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 43.20 42.11 40.94 39.17 -

Competitive Comparison of Korea Electric Power's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Korea Electric Power'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.


Korea Electric Power's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Korea Electric Power's Cyclically Adjusted PB Ratio falls into.



Korea Electric Power Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Korea Electric Power's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=20.311/119.1112*119.1112
=20.311

Current CPI (Sep. 2023) = 119.1112.

Korea Electric Power Quarterly Data

Book Value per Share CPI Adj_Book
201312 38.209 98.279 46.308
201403 38.006 99.253 45.610
201406 39.843 99.353 47.767
201409 40.566 99.608 48.509
201412 37.862 99.098 45.508
201503 38.036 99.720 45.432
201506 39.065 100.050 46.508
201509 42.817 100.110 50.944
201512 44.360 100.220 52.722
201603 43.975 100.560 52.087
201606 45.679 100.790 53.982
201609 49.896 101.460 58.577
201612 47.218 101.560 55.378
201703 48.852 102.850 56.576
201706 49.265 102.610 57.188
201709 50.301 103.490 57.894
201712 51.556 102.990 59.626
201803 51.628 104.100 59.073
201806 49.800 104.130 56.965
201809 49.123 105.650 55.382
201812 48.396 104.350 55.242
201903 47.444 104.490 54.083
201906 45.399 104.880 51.559
201909 44.764 105.200 50.683
201912 44.752 105.120 50.708
202003 43.117 105.540 48.661
202006 43.584 104.870 49.503
202009 45.490 106.200 51.020
202012 49.344 105.765 55.570
202103 47.424 107.357 52.616
202106 47.347 107.579 52.423
202109 44.709 108.759 48.965
202112 41.960 109.676 45.570
202203 37.120 111.806 39.545
202206 32.815 114.083 34.261
202209 27.132 114.831 28.143
202212 24.413 115.200 25.242
202303 21.182 116.550 21.648
202306 20.247 117.140 20.588
202309 20.311 119.111 20.311

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Korea Electric Power  (NYSE:KEP) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Korea Electric Power's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.71/39.17
=0.20

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Korea Electric Power was 0.75. The lowest was 0.15. And the median was 0.33.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Korea Electric Power Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Korea Electric Power's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Korea Electric Power (Korea Electric Power) Business Description

Traded in Other Exchanges
Address
55 Jeollyeok-ro, Jeollanam-do, Naju-si, KOR, 58322
Korea Electric Power Corp is an electric utility company in which the government of South Korea holds a controlling stake. The firm operates in the following segments: Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-Nuclear), Plant maintenance & engineering service, and Others. Most of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue primarily through the Transmission and distribution segment.