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PT Gudang Garam Tbk (ISX:GGRM) Cyclically Adjusted Book per Share : Rp28,364.10 (As of Mar. 2024)


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What is PT Gudang Garam Tbk 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.

PT Gudang Garam Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp31,941.512. 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 Rp28,364.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT Gudang Garam Tbk's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.00% 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 PT Gudang Garam Tbk was 8.40% per year. The lowest was 7.60% per year. And the median was 7.70% per year.

As of today (2024-05-26), PT Gudang Garam Tbk's current stock price is Rp19100.00. PT Gudang Garam Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp28,364.10. PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT Gudang Garam Tbk was 4.86. The lowest was 0.63. And the median was 1.56.


PT Gudang Garam Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT Gudang Garam Tbk'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.

PT Gudang Garam Tbk Cyclically Adjusted Book per Share Chart

PT Gudang Garam Tbk 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 20,523.60 22,320.70 23,807.90 26,161.30 27,867.40

PT Gudang Garam Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 26,589.00 26,985.90 27,350.40 27,867.40 28,364.10

Competitive Comparison of PT Gudang Garam Tbk's Cyclically Adjusted Book per Share

For the Tobacco subindustry, PT Gudang Garam Tbk'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.


PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio falls into.



PT Gudang Garam Tbk 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, PT Gudang Garam Tbk'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)
=31941.512/130.6070*130.6070
=31,941.512

Current CPI (Mar. 2024) = 130.6070.

PT Gudang Garam Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201406 15,819.257 93.015 22,212.655
201409 16,510.466 94.576 22,800.525
201412 17,151.046 98.819 22,668.086
201503 17,863.970 98.388 23,713.959
201506 17,646.248 99.766 23,101.269
201509 18,532.191 101.037 23,956.011
201512 19,697.666 102.133 25,189.293
201603 20,577.796 102.764 26,153.194
201606 18,588.918 103.212 23,522.805
201609 19,489.174 104.142 24,441.750
201612 20,522.438 105.222 25,473.538
201703 21,500.285 106.476 26,372.989
201706 19,538.441 107.722 23,689.395
201709 20,730.374 108.020 25,065.006
201712 21,917.416 109.017 26,258.020
201803 22,900.770 110.097 27,167.084
201806 21,164.889 111.085 24,884.459
201809 22,310.624 111.135 26,219.794
201812 23,456.924 112.430 27,249.321
201903 24,681.052 112.829 28,570.070
201906 23,081.872 114.730 26,276.029
201909 24,621.441 114.905 27,986.108
201912 26,470.021 115.486 29,935.863
202003 27,741.587 116.252 31,167.086
202006 28,455.792 116.630 31,866.004
202009 29,405.033 116.397 32,994.977
202012 30,415.629 117.318 33,860.880
202103 31,323.352 117.840 34,717.040
202106 31,616.496 118.184 34,939.917
202109 29,998.744 118.262 33,130.303
202112 30,813.636 119.516 33,673.091
202203 31,373.329 120.948 33,878.771
202206 29,060.571 123.322 30,777.166
202209 29,341.973 125.298 30,585.124
202212 30,069.226 126.098 31,144.513
202303 31,089.700 126.953 31,984.659
202306 30,578.200 127.663 31,283.380
202309 31,185.735 128.151 31,783.307
202312 31,631.978 129.395 31,928.338
202403 31,941.512 130.607 31,941.512

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


PT Gudang Garam Tbk  (ISX:GGRM) 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.

PT Gudang Garam Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19100.00/28364.1
=0.67

* 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 PT Gudang Garam Tbk was 4.86. The lowest was 0.63. And the median was 1.56.


Be Aware

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


PT Gudang Garam Tbk Cyclically Adjusted Book per Share Related Terms

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


PT Gudang Garam Tbk (ISX:GGRM) Business Description

Traded in Other Exchanges
Address
Jl. Semampir II/1, East Java, Kediri, IDN, 64121
PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers, two production facilities, and dozens of offices all located in Indonesia. Nearly all of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Surya, GG, and Merah. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot.

PT Gudang Garam Tbk (ISX:GGRM) Headlines

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