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Cebu Air (Cebu Air) Cyclically Adjusted Book per Share : $1.95 (As of Mar. 2024)


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What is Cebu Air 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.

Cebu Air's adjusted book value per share for the three months ended in Mar. 2024 was $0.184. 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 $1.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cebu Air's average Cyclically Adjusted Book Growth Rate was -3.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.90% 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 Cebu Air was 1.90% per year. The lowest was 1.90% per year. And the median was 1.90% per year.

As of today (2024-05-23), Cebu Air's current stock price is $1.20. Cebu Air's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $1.95. Cebu Air's Cyclically Adjusted PB Ratio of today is 0.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cebu Air was 2.09. The lowest was 0.52. And the median was 0.80.


Cebu Air Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cebu Air'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.

Cebu Air Cyclically Adjusted Book per Share Chart

Cebu Air Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.98 1.10 1.11 2.11

Cebu Air Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 2.11 1.55 1.69 1.84 1.95

Competitive Comparison of Cebu Air's Cyclically Adjusted Book per Share

For the Airlines subindustry, Cebu Air'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.


Cebu Air's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Cebu Air 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, Cebu Air's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.184/131.7762*131.7762
=0.184

Current CPI (Mar. 2024) = 131.7762.

Cebu Air Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.601 99.695 0.794
201406 0.687 100.560 0.900
201409 0.638 100.428 0.837
201412 0.610 99.070 0.811
201503 0.673 99.621 0.890
201506 0.757 100.684 0.991
201509 0.684 100.392 0.898
201512 0.706 99.792 0.932
201603 0.820 100.470 1.076
201606 0.900 101.688 1.166
201609 0.883 101.861 1.142
201612 0.960 101.863 1.242
201703 0.985 102.862 1.262
201706 1.024 103.349 1.306
201709 1.037 104.136 1.312
201712 1.126 104.011 1.427
201803 1.167 105.290 1.461
201806 1.142 106.317 1.415
201809 1.127 106.507 1.394
201812 1.142 105.998 1.420
201903 1.239 107.251 1.522
201906 1.225 108.070 1.494
201909 1.213 108.329 1.476
201912 1.281 108.420 1.557
202003 1.198 108.902 1.450
202006 1.005 108.767 1.218
202009 0.852 109.815 1.022
202012 0.648 109.897 0.777
202103 0.787 111.754 0.928
202106 0.597 114.631 0.686
202109 0.362 115.734 0.412
202112 0.297 117.630 0.333
202203 0.089 121.301 0.097
202206 0.030 125.017 0.032
202209 -0.030 125.227 -0.032
202212 -0.080 125.222 -0.084
202303 -0.062 127.348 -0.064
202306 0.011 128.729 0.011
202309 0.049 129.860 0.050
202403 0.184 131.776 0.184

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


Cebu Air  (OTCPK:CEBUF) 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.

Cebu Air's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.20/1.95
=0.62

* 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 Cebu Air was 2.09. The lowest was 0.52. And the median was 0.80.


Be Aware

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


Cebu Air Cyclically Adjusted Book per Share Related Terms

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


Cebu Air (Cebu Air) Business Description

Industry
Traded in Other Exchanges
Address
Sergio Osmena Boulevard, Level 4, Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor, Cebu, CEB, PHL, 6000
Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, which are the airline business (Parent Company and CEBGO) and the line and light maintenance business (A-Plus). The revenue of the operating segment was mainly derived from rendering transportation services and line and light maintenance services. The Airline Group has a network of distributors in the Philippines selling its domestic and international air services within an agreed territory or geographical coverage. Geographically, it operates in the Philippines, Asia (excluding the Philippines), Europe, and Others, out of which the majority is from the Philippines.

Cebu Air (Cebu Air) Headlines

From GuruFocus

Baron Funds Comments on Cebu Air Inc.

By Holly LaFon Holly LaFon 12-10-2013