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Emperador (PHS:EMI) Cyclically Adjusted Book per Share : ₱4.75 (As of Mar. 2024)


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What is Emperador 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.

Emperador's adjusted book value per share for the three months ended in Mar. 2024 was ₱6.160. 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 ₱4.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Emperador's average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -22.50% 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 Emperador was -22.50% per year. The lowest was -22.50% per year. And the median was -22.50% per year.

As of today (2024-06-08), Emperador's current stock price is ₱18.86. Emperador's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱4.75. Emperador's Cyclically Adjusted PB Ratio of today is 3.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Emperador was 5.08. The lowest was 0.82. And the median was 2.35.


Emperador Cyclically Adjusted Book per Share Historical Data

The historical data trend for Emperador'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.

Emperador Cyclically Adjusted Book per Share Chart

Emperador 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 - 9.85 7.70 4.12 4.58

Emperador 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 4.26 4.39 4.51 4.58 4.75

Competitive Comparison of Emperador's Cyclically Adjusted Book per Share

For the Beverages - Wineries & Distilleries subindustry, Emperador'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.


Emperador's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Emperador's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Emperador 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, Emperador'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)
=6.16/131.7762*131.7762
=6.160

Current CPI (Mar. 2024) = 131.7762.

Emperador Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.262 100.560 2.964
201409 2.206 100.428 2.895
201412 2.848 99.070 3.788
201503 2.923 99.621 3.866
201506 2.883 100.684 3.773
201509 2.964 100.392 3.891
201512 3.107 99.792 4.103
201603 3.142 100.470 4.121
201606 3.196 101.688 4.142
201609 2.948 101.861 3.814
201612 3.239 101.863 4.190
201703 3.149 102.862 4.034
201706 3.227 103.349 4.115
201709 3.302 104.136 4.178
201712 3.564 104.011 4.515
201803 3.774 105.290 4.723
201806 3.727 106.317 4.619
201809 3.885 106.507 4.807
201812 3.783 105.998 4.703
201903 3.946 107.251 4.848
201906 3.929 108.070 4.791
201909 4.058 108.329 4.936
201912 4.050 108.420 4.922
202003 4.067 108.902 4.921
202006 4.069 108.767 4.930
202009 4.100 109.815 4.920
202012 4.204 109.897 5.041
202103 4.208 111.754 4.962
202106 4.385 114.631 5.041
202109 4.491 115.734 5.113
202112 4.939 117.630 5.533
202203 5.114 121.301 5.556
202206 5.262 125.017 5.547
202209 5.455 125.227 5.740
202212 5.553 125.222 5.844
202303 5.748 127.348 5.948
202306 5.667 128.729 5.801
202309 5.843 129.860 5.929
202312 5.969 129.419 6.078
202403 6.160 131.776 6.160

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


Emperador  (PHS:EMI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.86/4.75
=3.97

* 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 Emperador was 5.08. The lowest was 0.82. And the median was 2.35.


Be Aware

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


Emperador Cyclically Adjusted Book per Share Related Terms

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


Emperador (PHS:EMI) Business Description

Traded in Other Exchanges
Address
1880 Eastwood Avenue, Eastwood City CyberPark, 7th Floor, 188 East Rodriguez, Junior Avenue, Bagumbayan, Quezon, PHL, 1110
Emperador Inc manufactures, sells, and distributes spirits and other alcoholic beverages through two main business segments: brandy and Scotch whiskey. The brandy segment, which accounts for more than half of the company's total revenue focuses on sales in the Philippines and Spain. This segment also has a distribution network for its operations, which includes sales offices and distribution outlets throughout the Philippines. The Scotch whiskey business sells in the United Kingdom. Brands that Emperador owns or licenses include The Dalmore, Fundador, Jura, Emperador, Andy Player, Whyte and Mackay, Smirnoff, and BaR. The company produces in the Philippines and Europe.

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