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Alarko Holding AS (IST:ALARK) Cyclically Adjusted Book per Share : ₺12.53 (As of Dec. 2023)


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What is Alarko Holding AS 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.

Alarko Holding AS's adjusted book value per share for the three months ended in Dec. 2023 was ₺94.353. 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 ₺12.53 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Alarko Holding AS's average Cyclically Adjusted Book Growth Rate was 83.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 61.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 36.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Alarko Holding AS was 61.80% per year. The lowest was 11.40% per year. And the median was 35.90% per year.

As of today (2024-05-26), Alarko Holding AS's current stock price is ₺120.60. Alarko Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺12.53. Alarko Holding AS's Cyclically Adjusted PB Ratio of today is 9.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alarko Holding AS was 17.68. The lowest was 0.74. And the median was 3.08.


Alarko Holding AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alarko Holding AS'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.

Alarko Holding AS Cyclically Adjusted Book per Share Chart

Alarko Holding AS 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 2.72 2.96 3.58 6.83 12.53

Alarko Holding AS 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 6.83 7.83 8.96 10.30 12.53

Competitive Comparison of Alarko Holding AS's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Alarko Holding AS'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.


Alarko Holding AS's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Alarko Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alarko Holding AS's Cyclically Adjusted PB Ratio falls into.



Alarko Holding AS 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, Alarko Holding AS'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)
=94.353/129.4194*129.4194
=94.353

Current CPI (Dec. 2023) = 129.4194.

Alarko Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.767 99.695 3.592
201406 2.725 100.560 3.507
201409 2.714 100.428 3.497
201412 2.695 99.070 3.521
201503 2.688 99.621 3.492
201506 2.626 100.684 3.375
201509 2.585 100.392 3.332
201512 2.414 99.792 3.131
201603 2.717 100.470 3.500
201606 2.572 101.688 3.273
201609 2.696 101.861 3.425
201612 2.855 101.863 3.627
201703 2.661 102.862 3.348
201706 2.637 103.349 3.302
201709 2.830 104.136 3.517
201712 3.272 104.011 4.071
201803 2.885 105.290 3.546
201806 2.824 106.317 3.438
201809 1.974 106.507 2.399
201812 2.698 105.998 3.294
201903 2.530 107.251 3.053
201906 2.782 108.070 3.332
201909 3.354 108.329 4.007
201912 3.466 108.420 4.137
202003 3.500 108.902 4.159
202006 3.766 108.767 4.481
202009 4.130 109.815 4.867
202012 5.298 109.897 6.239
202103 5.456 111.754 6.318
202106 5.505 114.631 6.215
202109 6.346 115.734 7.096
202112 8.495 117.630 9.346
202203 10.726 121.301 11.444
202206 15.850 125.017 16.408
202209 25.673 125.227 26.533
202212 80.558 125.222 83.258
202303 38.457 127.348 39.083
202306 44.905 128.729 45.146
202309 53.901 129.860 53.718
202312 94.353 129.419 94.353

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


Alarko Holding AS  (IST:ALARK) 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.

Alarko Holding AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=120.60/12.53
=9.62

* 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 Alarko Holding AS was 17.68. The lowest was 0.74. And the median was 3.08.


Be Aware

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


Alarko Holding AS Cyclically Adjusted Book per Share Related Terms

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


Alarko Holding AS (IST:ALARK) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Muallim Naci Caddesi No. 69, Ortakoy, Istanbul, TUR, 34347
Alarko Holding AS is a holding company consisting of companies that operate in contracting, construction, land development, industry, trade, tourism, and energy. The company's segments include holding, tourism, industry and merchandising, energy, contracting/land development. Its contracting group operates as a general contractor in Turkey and abroad and carries out airport and rail system projects, large scale infrastructure works, constructions of industrial plants, hospitals, and other such projects. The majority of the revenue is derived from the contracting and land development segment.

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