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TWC Enterprises (STU:4TW) Cyclically Adjusted Book per Share : €10.30 (As of Dec. 2023)


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What is TWC Enterprises 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.

TWC Enterprises's adjusted book value per share for the three months ended in Dec. 2023 was €14.783. 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 €10.30 for the trailing ten years ended in Dec. 2023.

During the past 12 months, TWC Enterprises's average Cyclically Adjusted Book Growth Rate was 12.10% 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 13.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 TWC Enterprises was 14.40% per year. The lowest was 3.10% per year. And the median was 6.15% per year.

As of today (2024-05-26), TWC Enterprises's current stock price is €11.40. TWC Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €10.30. TWC Enterprises's Cyclically Adjusted PB Ratio of today is 1.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TWC Enterprises was 2.53. The lowest was 0.84. And the median was 1.56.


TWC Enterprises Cyclically Adjusted Book per Share Historical Data

The historical data trend for TWC Enterprises'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.

TWC Enterprises Cyclically Adjusted Book per Share Chart

TWC Enterprises 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 6.16 6.41 7.89 9.11 10.30

TWC Enterprises 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 9.36 10.08 10.20 10.30 -

Competitive Comparison of TWC Enterprises's Cyclically Adjusted Book per Share

For the Leisure subindustry, TWC Enterprises'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.


TWC Enterprises's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TWC Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TWC Enterprises 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, TWC Enterprises'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)
=14.783/125.0724*125.0724
=14.783

Current CPI (Dec. 2023) = 125.0724.

TWC Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.717 98.604 5.983
201406 4.863 99.473 6.114
201409 5.502 99.394 6.923
201412 5.339 98.367 6.788
201503 5.584 99.789 6.999
201506 5.529 100.500 6.881
201509 5.769 100.421 7.185
201512 5.555 99.947 6.951
201603 5.325 101.054 6.591
201606 5.512 102.002 6.759
201609 5.885 101.765 7.233
201612 6.179 101.449 7.618
201703 5.945 102.634 7.245
201706 5.779 103.029 7.015
201709 6.292 103.345 7.615
201712 5.642 103.345 6.828
201803 5.226 105.004 6.225
201806 5.639 105.557 6.682
201809 10.423 105.636 12.341
201812 10.515 105.399 12.478
201903 10.529 106.979 12.310
201906 10.561 107.690 12.266
201909 11.094 107.611 12.894
201912 11.159 107.769 12.951
202003 9.840 107.927 11.403
202006 9.988 108.401 11.524
202009 10.420 108.164 12.049
202012 10.629 108.559 12.246
202103 11.055 110.298 12.536
202106 11.327 111.720 12.681
202109 11.814 112.905 13.087
202112 13.934 113.774 15.318
202203 14.381 117.646 15.289
202206 14.976 120.806 15.505
202209 15.798 120.648 16.377
202212 14.555 120.964 15.049
202303 14.039 122.702 14.310
202306 14.437 124.203 14.538
202309 14.902 125.230 14.883
202312 14.783 125.072 14.783

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


TWC Enterprises  (STU:4TW) 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.

TWC Enterprises's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.40/10.3
=1.11

* 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 TWC Enterprises was 2.53. The lowest was 0.84. 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.


TWC Enterprises Cyclically Adjusted Book per Share Related Terms

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


TWC Enterprises (STU:4TW) Business Description

Traded in Other Exchanges
Address
15675 Dufferin Street, King City, ON, CAN, L7B 1K5
TWC Enterprises Ltd is a leisure services provider in Canada. Its core business is Golf club operations under the brand name ClubLink One Membership More Golf. The company's geographical segment includes Canadian golf club operation and United States golf club operation. It generates maximum revenue from the Canadian golf club operation segment.

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