GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Global Yatirim Holding AS (IST:GLYHO) » Definitions » Cyclically Adjusted Book per Share

Global Yatirim Holding AS (IST:GLYHO) Cyclically Adjusted Book per Share : ₺3.59 (As of Dec. 2023)


View and export this data going back to 1995. Start your Free Trial

What is Global Yatirim 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.

Global Yatirim Holding AS's adjusted book value per share for the three months ended in Dec. 2023 was ₺10.443. 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 ₺3.59 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Global Yatirim Holding AS's average Cyclically Adjusted Book Growth Rate was 18.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.80% 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 Global Yatirim Holding AS was 14.40% per year. The lowest was 7.50% per year. And the median was 9.70% per year.

As of today (2024-05-24), Global Yatirim Holding AS's current stock price is ₺14.95. Global Yatirim Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺3.59. Global Yatirim Holding AS's Cyclically Adjusted PB Ratio of today is 4.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Global Yatirim Holding AS was 4.68. The lowest was 0.72. And the median was 1.39.


Global Yatirim Holding AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Global Yatirim 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.

Global Yatirim Holding AS Cyclically Adjusted Book per Share Chart

Global Yatirim 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 2.29 2.40 2.61 3.02 3.59

Global Yatirim 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 3.02 3.17 3.30 3.43 3.59

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

For the Conglomerates subindustry, Global Yatirim 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.


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

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

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



Global Yatirim 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, Global Yatirim 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)
=10.443/129.4194*129.4194
=10.443

Current CPI (Dec. 2023) = 129.4194.

Global Yatirim Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.368 99.695 3.074
201406 2.247 100.560 2.892
201409 2.474 100.428 3.188
201412 2.125 99.070 2.776
201503 1.924 99.621 2.499
201506 1.885 100.684 2.423
201509 2.038 100.392 2.627
201512 2.399 99.792 3.111
201603 2.287 100.470 2.946
201606 2.229 101.688 2.837
201609 2.188 101.861 2.780
201612 2.068 101.863 2.627
201703 1.974 102.862 2.484
201706 2.781 103.349 3.483
201709 2.774 104.136 3.448
201712 2.458 104.011 3.058
201803 2.633 105.290 3.236
201806 2.672 106.317 3.253
201809 2.957 106.507 3.593
201812 2.558 105.998 3.123
201903 2.468 107.251 2.978
201906 2.836 108.070 3.396
201909 2.770 108.329 3.309
201912 2.584 108.420 3.084
202003 2.448 108.902 2.909
202006 2.308 108.767 2.746
202009 2.548 109.815 3.003
202012 2.510 109.897 2.956
202103 2.876 111.754 3.331
202106 2.225 114.631 2.512
202109 2.205 115.734 2.466
202112 2.906 117.630 3.197
202203 3.409 121.301 3.637
202206 3.852 125.017 3.988
202209 3.960 125.227 4.093
202212 6.020 125.222 6.222
202303 6.364 127.348 6.468
202306 6.509 128.729 6.544
202309 7.059 129.860 7.035
202312 10.443 129.419 10.443

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


Global Yatirim Holding AS  (IST:GLYHO) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.95/3.59
=4.16

* 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 Global Yatirim Holding AS was 4.68. The lowest was 0.72. And the median was 1.39.


Be Aware

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


Global Yatirim Holding AS Cyclically Adjusted Book per Share Related Terms

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


Global Yatirim Holding AS (IST:GLYHO) Business Description

Traded in Other Exchanges
N/A
Address
Buyukdere Caddesi 193, Block Number 193/2, Sisli, Istanbul, TUR, 34394
Global Yatirim Holding AS operates as an investment holding company in Turkey. The company's operating segment includes Port Operations; Energy Generation; Natural Gas; Mining; Real Estate and Brokerage and Asset Management. It generates maximum revenue from the Port Operations segment. The company operates cruise and commercial port facilities, as well as operates in energy production, renewable energy production, and feldspar mining businesses.

Global Yatirim Holding AS (IST:GLYHO) Headlines

No Headlines