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Kuala Lumpur Kepong Bhd (XKLS:2445) Cyclically Adjusted Book per Share : RM12.17 (As of Dec. 2023)


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What is Kuala Lumpur Kepong Bhd 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.

Kuala Lumpur Kepong Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM13.120. 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 RM12.17 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kuala Lumpur Kepong Bhd's average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% 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 Kuala Lumpur Kepong Bhd was 9.20% per year. The lowest was 9.20% per year. And the median was 9.20% per year.

As of today (2024-04-27), Kuala Lumpur Kepong Bhd's current stock price is RM23.00. Kuala Lumpur Kepong Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM12.17. Kuala Lumpur Kepong Bhd's Cyclically Adjusted PB Ratio of today is 1.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kuala Lumpur Kepong Bhd was 2.75. The lowest was 1.75. And the median was 1.99.


Kuala Lumpur Kepong Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kuala Lumpur Kepong Bhd'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.

Kuala Lumpur Kepong Bhd Cyclically Adjusted Book per Share Chart

Kuala Lumpur Kepong Bhd Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.31 10.10 11.29 12.13

Kuala Lumpur Kepong 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 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 11.38 11.68 11.92 12.13 12.17

Competitive Comparison of Kuala Lumpur Kepong Bhd's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Kuala Lumpur Kepong 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.


Kuala Lumpur Kepong Bhd's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kuala Lumpur Kepong Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kuala Lumpur Kepong Bhd's Cyclically Adjusted PB Ratio falls into.



Kuala Lumpur Kepong Bhd 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, Kuala Lumpur Kepong 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)
=13.12/129.4194*129.4194
=13.120

Current CPI (Dec. 2023) = 129.4194.

Kuala Lumpur Kepong Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.539 99.695 9.787
201406 7.292 100.560 9.385
201409 7.279 100.428 9.380
201412 7.753 99.070 10.128
201503 7.865 99.621 10.218
201506 8.236 100.684 10.587
201509 9.077 100.392 11.702
201512 9.651 99.792 12.516
201603 9.213 100.470 11.868
201606 9.211 101.688 11.723
201609 9.807 101.861 12.460
201612 10.475 101.863 13.309
201703 10.747 102.862 13.522
201706 10.651 103.349 13.338
201709 10.580 104.136 13.149
201712 10.874 104.011 13.530
201803 10.396 105.290 12.779
201806 10.552 106.317 12.845
201809 10.486 106.507 12.742
201812 10.106 105.998 12.339
201903 9.983 107.251 12.047
201906 9.847 108.070 11.792
201909 9.728 108.329 11.622
201912 9.594 108.420 11.452
202003 9.518 108.902 11.311
202006 9.967 108.767 11.859
202009 10.039 109.815 11.831
202012 10.107 109.897 11.902
202103 10.595 111.754 12.270
202106 11.173 114.631 12.614
202109 11.002 115.734 12.303
202112 11.490 117.630 12.642
202203 12.282 121.301 13.104
202206 12.528 125.017 12.969
202209 13.251 125.227 13.695
202212 12.624 125.222 13.047
202303 13.093 127.348 13.306
202306 13.405 128.729 13.477
202309 13.277 129.860 13.232
202312 13.120 129.419 13.120

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


Kuala Lumpur Kepong Bhd  (XKLS:2445) 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.

Kuala Lumpur Kepong Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.00/12.17
=1.89

* 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 Kuala Lumpur Kepong Bhd was 2.75. The lowest was 1.75. And the median was 1.99.


Be Aware

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


Kuala Lumpur Kepong Bhd Cyclically Adjusted Book per Share Related Terms

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


Kuala Lumpur Kepong Bhd (XKLS:2445) Business Description

Industry
Traded in Other Exchanges
Address
No. 1, Jalan S.P. Seenivasagam, Wisma Taiko, Ipoh, PRK, MYS, 30000
Kuala Lumpur Kepong Bhd harvests oil palm and rubber plantations in Southeast Asia. On top of utilizing the plantations, the company manufactures fatty acids and alcohols, oleochemicals, soaps, rubber gloves, and other specialty chemicals and is also engaged in the business of Property development. Its reportable segments include, Plantation, Manufacturing, Property Development , Investment Holding and Others. Majority of the revenue is generated from its manufacturing segment which is involved in manufacturing of oleochemicals, non-ionic surfactants and esters, rubber gloves, parquet flooring products, pharmaceutical products, storing and distribution of bulk liquid, refining of palm products, kernel crushing and trading of palm products.

Kuala Lumpur Kepong Bhd (XKLS:2445) Headlines

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