GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PVI Holdings (HSTC:PVI) » Definitions » Cyclically Adjusted Book per Share

PVI Holdings (HSTC:PVI) Cyclically Adjusted Book per Share : ₫36,608.60 (As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is PVI Holdings 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.

PVI Holdings's adjusted book value per share for the three months ended in Mar. 2024 was ₫34,566.714. 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 ₫36,608.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PVI Holdings's average Cyclically Adjusted Book Growth Rate was 4.60% 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 (2024-06-09), PVI Holdings's current stock price is ₫58500.00. PVI Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₫36,608.60. PVI Holdings's Cyclically Adjusted PB Ratio of today is 1.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PVI Holdings was 1.67. The lowest was 1.08. And the median was 1.37.


PVI Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for PVI Holdings'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.

PVI Holdings Cyclically Adjusted Book per Share Chart

PVI Holdings 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 - - - 32,778.90 34,989.10

PVI Holdings 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 34,989.10 35,534.20 35,886.00 36,109.30 36,608.60

Competitive Comparison of PVI Holdings's Cyclically Adjusted Book per Share

For the Insurance - Property & Casualty subindustry, PVI Holdings'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.


PVI Holdings's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PVI Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PVI Holdings 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, PVI Holdings'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)
=34566.714/131.7762*131.7762
=34,566.714

Current CPI (Mar. 2024) = 131.7762.

PVI Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201312 27,392.703 98.326 36,711.653
201403 27,608.379 99.695 36,492.758
201406 26,861.061 100.560 35,199.544
201409 27,163.880 100.428 35,643.048
201412 27,497.272 99.070 36,575.118
201503 27,812.433 99.621 36,789.563
201506 28,241.959 100.684 36,963.388
201509 27,438.416 100.392 36,016.298
201512 30,266.772 99.792 39,967.374
201603 29,530.816 100.470 38,732.390
201606 29,672.455 101.688 38,452.123
201612 30,660.421 101.863 39,664.311
201703 30,069.032 102.862 38,521.272
201706 0.000 103.349 0.000
201709 0.000 104.136 0.000
201712 29,654.027 104.011 37,569.980
201803 30,699.871 105.290 38,422.752
201806 27,959.823 106.317 34,655.287
201809 28,906.695 106.507 35,765.022
201812 29,353.927 105.998 36,492.694
201903 30,070.706 107.251 36,947.179
201906 28,978.870 108.070 35,335.829
201909 29,692.921 108.329 36,119.653
201912 29,946.267 108.420 36,397.359
202003 30,050.322 108.902 36,362.376
202006 31,556.309 108.767 38,231.808
202009 30,039.561 109.815 36,047.014
202012 31,051.979 109.897 37,234.131
202103 31,730.408 111.754 37,415.194
202106 32,771.821 114.631 37,673.325
202109 31,412.358 115.734 35,766.416
202112 33,951.435 117.630 38,034.601
202203 34,896.785 121.301 37,910.369
202206 35,545.730 125.017 37,467.614
202209 31,758.455 125.227 33,419.512
202212 32,458.008 125.222 34,156.936
202303 33,548.568 127.348 34,715.188
202306 34,681.607 128.729 35,502.653
202309 32,706.611 129.860 33,189.354
202403 34,566.714 131.776 34,566.714

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


PVI Holdings  (HSTC:PVI) 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.

PVI Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=58500.00/36608.6
=1.60

* 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 PVI Holdings was 1.67. The lowest was 1.08. And the median was 1.37.


Be Aware

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


PVI Holdings Cyclically Adjusted Book per Share Related Terms

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


PVI Holdings (HSTC:PVI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Pham Van Bach Street, PVI Tower, Lot VP2, Yen Hoa Ward, Cau Giay District, Hanoi, VNM
PVI Holdings is a Vietnam-based investment holding company. The company's operating industry includes financial services and real estate business. Through its subsidiaries, the company is engaged in the multiline insurance business, including energy insurance, marine insurance, health and personal accident insurance, liability insurance, construction and erection insurance, property insurance, motor vehicle insurance, aviation insurance, agriculture insurance, credit insurance and goods transported insurance, among others; reinsurance business; financial services and real estate trading.

PVI Holdings (HSTC:PVI) Headlines