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Pakistan Reinsurance Co (KAR:PAKRI) Cyclically Adjusted Book per Share : ₨13.73 (As of Mar. 2024)


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What is Pakistan Reinsurance Co 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.

Pakistan Reinsurance Co's adjusted book value per share for the three months ended in Mar. 2024 was ₨21.197. 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 ₨13.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pakistan Reinsurance Co's average Cyclically Adjusted Book Growth Rate was 8.80% 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.

As of today (2024-06-09), Pakistan Reinsurance Co's current stock price is ₨9.85. Pakistan Reinsurance Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨13.73. Pakistan Reinsurance Co's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pakistan Reinsurance Co was 1.12. The lowest was 0.44. And the median was 0.57.


Pakistan Reinsurance Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pakistan Reinsurance Co'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.

Pakistan Reinsurance Co Cyclically Adjusted Book per Share Chart

Pakistan Reinsurance Co 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 - - - 12.21 13.30

Pakistan Reinsurance Co 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 12.62 12.84 13.07 13.30 13.73

Competitive Comparison of Pakistan Reinsurance Co's Cyclically Adjusted Book per Share

For the Insurance - Reinsurance subindustry, Pakistan Reinsurance Co'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.


Pakistan Reinsurance Co's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

* The bar in red indicates where Pakistan Reinsurance Co's Cyclically Adjusted PB Ratio falls into.



Pakistan Reinsurance Co 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, Pakistan Reinsurance Co'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)
=21.197/131.7762*131.7762
=21.197

Current CPI (Mar. 2024) = 131.7762.

Pakistan Reinsurance Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.030 100.560 9.212
201409 7.477 100.428 9.811
201412 7.764 99.070 10.327
201503 8.080 99.621 10.688
201506 7.839 100.684 10.260
201509 8.187 100.392 10.746
201512 7.709 99.792 10.180
201603 8.107 100.470 10.633
201606 7.833 101.688 10.151
201609 8.131 101.861 10.519
201612 13.685 101.863 17.704
201703 8.697 102.862 11.142
201706 9.997 103.349 12.747
201709 9.998 104.136 12.652
201712 11.166 104.011 14.147
201803 13.095 105.290 16.389
201806 12.360 106.317 15.320
201809 12.001 106.507 14.848
201812 10.453 105.998 12.995
201903 10.996 107.251 13.511
201906 10.691 108.070 13.036
201909 11.310 108.329 13.758
201912 10.921 108.420 13.274
202003 10.327 108.902 12.496
202006 10.475 108.767 12.691
202009 11.200 109.815 13.440
202012 11.379 109.897 13.644
202103 11.824 111.754 13.942
202106 11.152 114.631 12.820
202109 11.150 115.734 12.695
202112 14.525 117.630 16.272
202203 14.880 121.301 16.165
202206 14.740 125.017 15.537
202209 14.930 125.227 15.711
202212 15.913 125.222 16.746
202303 16.503 127.348 17.077
202306 16.187 128.729 16.570
202309 17.317 129.860 17.573
202312 20.155 129.419 20.522
202403 21.197 131.776 21.197

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


Pakistan Reinsurance Co  (KAR:PAKRI) 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.

Pakistan Reinsurance Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.85/13.73
=0.72

* 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 Pakistan Reinsurance Co was 1.12. The lowest was 0.44. And the median was 0.57.


Be Aware

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


Pakistan Reinsurance Co Cyclically Adjusted Book per Share Related Terms

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


Pakistan Reinsurance Co (KAR:PAKRI) Business Description

Traded in Other Exchanges
N/A
Address
Lalazar Drive, M.T. Khan Road, PRC Towers, 32-A, P.O. Box: 4777, Karachi, PAK, 74000
Pakistan Reinsurance Co Ltd is engaged in the provision of insurance, reinsurance services and other insurance-based forms of risk transfer. The company operates through the following business segments: Fire, Marine Cargo, Marine Hull, Accident and Others, Aviation, Engineering and Treaty. It provides reinsurance protection to the local insurance industry by way of a treaty and facultative businesses.

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