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PLDT (PHI) Cyclically Adjusted Book per Share : $11.41 (As of Mar. 2024)


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What is PLDT 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.

PLDT's adjusted book value per share for the three months ended in Mar. 2024 was $8.326. 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 $11.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PLDT's average Cyclically Adjusted Book Growth Rate was -1.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.60% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of PLDT was 3.30% per year. The lowest was -0.60% per year. And the median was 1.35% per year.

As of today (2024-05-22), PLDT's current stock price is $24.39. PLDT's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $11.41. PLDT's Cyclically Adjusted PB Ratio of today is 2.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PLDT was 6.24. The lowest was 1.48. And the median was 2.57.


PLDT Cyclically Adjusted Book per Share Historical Data

The historical data trend for PLDT'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.

PLDT Cyclically Adjusted Book per Share Chart

PLDT 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 11.75 12.20 12.21 11.08 11.52

PLDT 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 11.44 11.44 11.23 11.52 11.41

Competitive Comparison of PLDT's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, PLDT'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.


PLDT's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PLDT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PLDT 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, PLDT'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)
=8.326/131.7762*131.7762
=8.326

Current CPI (Mar. 2024) = 131.7762.

PLDT Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.323 100.560 13.528
201409 9.712 100.428 12.744
201412 10.663 99.070 14.183
201503 9.401 99.621 12.435
201506 9.869 100.684 12.917
201509 8.753 100.392 11.489
201512 9.010 99.792 11.898
201603 8.350 100.470 10.952
201606 8.840 101.688 11.456
201609 8.286 101.861 10.719
201612 8.577 101.863 11.096
201703 8.718 102.862 11.169
201706 9.739 103.349 12.418
201709 9.408 104.136 11.905
201712 8.471 104.011 10.732
201803 8.648 105.290 10.823
201806 8.976 106.317 11.125
201809 8.681 106.507 10.741
201812 8.910 105.998 11.077
201903 8.671 107.251 10.654
201906 9.073 108.070 11.063
201909 8.738 108.329 10.629
201912 8.880 108.420 10.793
202003 8.623 108.902 10.434
202006 9.115 108.767 11.043
202009 9.066 109.815 10.879
202012 9.153 109.897 10.975
202103 8.678 111.754 10.233
202106 9.240 114.631 10.622
202109 8.961 115.734 10.203
202112 9.775 117.630 10.951
202203 9.751 121.301 10.593
202206 10.300 125.017 10.857
202209 9.785 125.227 10.297
202212 8.621 125.222 9.072
202303 8.306 127.348 8.595
202306 9.028 128.729 9.242
202309 8.893 129.860 9.024
202312 8.341 129.419 8.493
202403 8.326 131.776 8.326

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


PLDT  (NYSE:PHI) 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.

PLDT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.39/11.41
=2.14

* 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 PLDT was 6.24. The lowest was 1.48. And the median was 2.57.


Be Aware

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


PLDT Cyclically Adjusted Book per Share Related Terms

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


PLDT (PHI) Business Description

Traded in Other Exchanges
Address
Makati Avenue, Ramon Cojuangco Building, Metro Manila, Corner Ayala Avenue, Legaspi Village, Makati City, PHL, 1200
PLDT Inc is the telecommunications carrier in the Philippines. The company operates the nation's extensive fixed-line network and holds more than half of the market share in the domestic wireless space. First Pacific, a Hong Kong-based investment and management company specializing in consumer and telecommunication businesses, owns about 26% of PLDT, while two subsidiaries of Nippon Telegraph and Telephone jointly own about 21%.

PLDT (PHI) Headlines

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