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PPB Group Bhd (XKLS:4065) Cyclically Adjusted Book per Share : RM17.85 (As of Dec. 2023)


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What is PPB Group 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.

PPB Group Bhd's adjusted book value per share for the three months ended in Dec. 2023 was RM19.075. 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 RM17.85 for the trailing ten years ended in Dec. 2023.

During the past 12 months, PPB Group Bhd's average Cyclically Adjusted Book Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% 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 PPB Group Bhd was 9.00% per year. The lowest was 9.00% per year. And the median was 9.00% per year.

As of today (2024-04-28), PPB Group Bhd's current stock price is RM15.90. PPB Group Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM17.85. PPB Group Bhd's Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PPB Group Bhd was 1.49. The lowest was 0.78. And the median was 1.08.


PPB Group Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for PPB Group 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.

PPB Group Bhd Cyclically Adjusted Book per Share Chart

PPB Group Bhd 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 - 13.77 15.26 16.79 17.85

PPB Group 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 16.79 17.20 17.52 17.80 17.85

Competitive Comparison of PPB Group Bhd's Cyclically Adjusted Book per Share

For the Farm Products subindustry, PPB Group 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.


PPB Group Bhd's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

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



PPB Group 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, PPB Group 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)
=19.075/129.4194*129.4194
=19.075

Current CPI (Dec. 2023) = 129.4194.

PPB Group Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.040 99.695 14.332
201406 10.868 100.560 13.987
201409 11.123 100.428 14.334
201412 11.824 99.070 15.446
201503 12.410 99.621 16.122
201506 12.611 100.684 16.210
201509 14.094 100.392 18.169
201512 14.000 99.792 18.156
201603 13.215 100.470 17.023
201606 13.151 101.688 16.737
201609 13.705 101.861 17.413
201612 14.540 101.863 18.473
201703 15.063 102.862 18.952
201706 14.716 103.349 18.428
201709 14.815 104.136 18.412
201712 14.537 104.011 18.088
201803 14.220 105.290 17.479
201806 14.494 106.317 17.644
201809 14.671 106.507 17.827
201812 14.790 105.998 18.058
201903 14.948 107.251 18.038
201906 14.899 108.070 17.842
201909 14.979 108.329 17.895
201912 15.068 108.420 17.986
202003 15.502 108.902 18.423
202006 15.472 108.767 18.410
202009 15.487 109.815 18.252
202012 16.040 109.897 18.889
202103 16.721 111.754 19.364
202106 16.643 114.631 18.790
202109 16.858 115.734 18.851
202112 17.174 117.630 18.895
202203 17.448 121.301 18.616
202206 18.000 125.017 18.634
202209 18.604 125.227 19.227
202212 18.157 125.222 18.766
202303 18.616 127.348 18.919
202306 18.871 128.729 18.972
202309 18.947 129.860 18.883
202312 19.075 129.419 19.075

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


PPB Group Bhd  (XKLS:4065) 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.

PPB Group Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.90/17.85
=0.89

* 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 PPB Group Bhd was 1.49. The lowest was 0.78. And the median was 1.08.


Be Aware

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


PPB Group Bhd Cyclically Adjusted Book per Share Related Terms

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


PPB Group Bhd (XKLS:4065) Business Description

Traded in Other Exchanges
N/A
Address
10 Jalan P. Ramlee, 12th Floor, UBN Tower, Kuala Lumpur, SGR, MYS, 50250
PPB Group Bhd is a diversified company working in food and waste management, film distribution, and property development. The company operates flour and animal feed mills, trades grains, and conducts livestock farming across Asia. Its operating segments comprise Grains and agribusiness; Consumer products; Film exhibition and distribution; Environmental engineering and utilities; Property and Other operations. It derives the majority of its revenue from Grains and agribusiness.

PPB Group Bhd (XKLS:4065) Headlines

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