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BW LPG (OSL:BWLPG) Cyclically Adjusted Book per Share : kr88.33 (As of Dec. 2023)


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What is BW LPG 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.

BW LPG's adjusted book value per share for the three months ended in Dec. 2023 was kr118.289. 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 kr88.33 for the trailing ten years ended in Dec. 2023.

During the past 12 months, BW LPG's average Cyclically Adjusted Book Growth Rate was 12.30% 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.

As of today (2024-04-27), BW LPG's current stock price is kr154.80. BW LPG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was kr88.33. BW LPG's Cyclically Adjusted PB Ratio of today is 1.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BW LPG was 1.90. The lowest was 0.66. And the median was 1.06.


BW LPG Cyclically Adjusted Book per Share Historical Data

The historical data trend for BW LPG'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.

BW LPG Cyclically Adjusted Book per Share Chart

BW LPG 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 - - 67.44 78.66 88.33

BW LPG 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 78.66 80.99 83.65 87.10 88.33

Competitive Comparison of BW LPG's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, BW LPG'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.


BW LPG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BW LPG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BW LPG 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, BW LPG'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)
=118.289/129.4194*129.4194
=118.289

Current CPI (Dec. 2023) = 129.4194.

BW LPG Quarterly Data

Book Value per Share CPI Adj_Book
201403 43.817 99.695 56.881
201406 46.432 100.560 59.758
201409 48.061 100.428 61.935
201412 58.670 99.070 76.643
201503 67.654 99.621 87.890
201506 61.905 100.684 79.573
201509 65.438 100.392 84.359
201512 74.126 99.792 96.133
201603 74.891 100.470 96.470
201606 65.047 101.688 82.786
201609 60.067 101.861 76.318
201612 67.007 101.863 85.134
201703 67.247 102.862 84.609
201706 66.376 103.349 83.120
201709 60.087 104.136 74.676
201712 62.873 104.011 78.232
201803 58.701 105.290 72.154
201806 59.871 106.317 72.881
201809 60.917 106.507 74.022
201812 60.932 105.998 74.396
201903 58.893 107.251 71.066
201906 59.882 108.070 71.712
201909 69.118 108.329 82.574
201912 76.643 108.420 91.488
202003 85.380 108.902 101.466
202006 82.174 108.767 97.777
202009 79.280 109.815 93.433
202012 78.912 109.897 92.930
202103 80.127 111.754 92.793
202106 79.250 114.631 89.474
202109 83.098 115.734 92.924
202112 89.987 117.630 99.006
202203 91.634 121.301 97.767
202206 100.369 125.017 103.904
202209 108.086 125.227 111.705
202212 109.388 125.222 113.055
202303 119.812 127.348 121.761
202306 116.902 128.729 117.529
202309 115.109 129.860 114.719
202312 118.289 129.419 118.289

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


BW LPG  (OSL:BWLPG) 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.

BW LPG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=154.80/88.33
=1.75

* 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 BW LPG was 1.90. The lowest was 0.66. And the median was 1.06.


Be Aware

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


BW LPG Cyclically Adjusted Book per Share Related Terms

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


BW LPG (OSL:BWLPG) Business Description

Industry
Address
10 Pasir Panjang Road, Mapletree Business City, No.17-02, Singapore, SGP, 117438
BW LPG Ltd is a transportation and logistics company that ships liquified petroleum gas through its fleet of maritime vessels. Liquified petroleum gas is used in homes, agriculture, transportation, and chemical production. The company is organized into two main segments: The shipping segment and the product services segment which buy and sell liquid petroleum gas and deliver it to customers.

BW LPG (OSL:BWLPG) Headlines

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