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AYER Holdings Bhd (XKLS:2305) Cyclically Adjusted Book per Share : RM8.26 (As of Mar. 2024)


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What is AYER Holdings Bhd 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.

AYER Holdings Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM8.037. 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 RM8.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AYER Holdings Bhd's average Cyclically Adjusted Book Growth Rate was 3.30% 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 (2024-06-10), AYER Holdings Bhd's current stock price is RM7.10. AYER Holdings Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM8.26. AYER Holdings Bhd's Cyclically Adjusted PB Ratio of today is 0.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AYER Holdings Bhd was 0.93. The lowest was 0.72. And the median was 0.83.


AYER Holdings Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for AYER Holdings Bhd'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.

AYER Holdings Bhd Cyclically Adjusted Book per Share Chart

AYER Holdings Bhd Annual Data
Trend Mar14 Mar15 Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 7.38 7.86 8.12

AYER Holdings Bhd 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 8.00 8.08 8.15 8.12 8.26

Competitive Comparison of AYER Holdings Bhd's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, AYER Holdings Bhd'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.


AYER Holdings Bhd's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, AYER Holdings Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AYER Holdings Bhd 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, AYER Holdings Bhd'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)
=8.037/131.7762*131.7762
=8.037

Current CPI (Mar. 2024) = 131.7762.

AYER Holdings Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.370 100.560 8.347
201409 6.213 100.428 8.152
201412 6.321 99.070 8.408
201503 6.504 99.621 8.603
201506 6.530 100.684 8.547
201509 6.275 100.392 8.237
201512 6.321 99.792 8.347
201603 6.456 100.470 8.468
201606 6.479 101.688 8.396
201609 6.419 101.861 8.304
201612 6.522 101.863 8.437
201703 6.624 102.862 8.486
201706 6.566 103.349 8.372
201709 6.590 104.136 8.339
201712 6.649 104.011 8.424
201803 6.681 105.290 8.362
201806 6.719 106.317 8.328
201809 6.756 106.507 8.359
201812 6.839 105.998 8.502
201903 6.895 107.251 8.472
201906 6.863 108.070 8.369
201909 6.912 108.329 8.408
201912 6.960 108.420 8.459
202003 6.993 108.902 8.462
202006 6.976 108.767 8.452
202009 7.003 109.815 8.403
202012 7.013 109.897 8.409
202103 7.018 111.754 8.275
202106 7.000 114.631 8.047
202109 7.078 115.734 8.059
202112 7.196 117.630 8.061
202203 7.275 121.301 7.903
202206 7.275 125.017 7.668
202209 7.379 125.227 7.765
202212 7.572 125.222 7.968
202303 7.706 127.348 7.974
202306 7.623 128.729 7.803
202309 7.781 129.860 7.896
202312 7.953 129.419 8.098
202403 8.037 131.776 8.037

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


AYER Holdings Bhd  (XKLS:2305) 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.

AYER Holdings Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.10/8.26
=0.86

* 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 AYER Holdings Bhd was 0.93. The lowest was 0.72. And the median was 0.83.


Be Aware

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


AYER Holdings Bhd Cyclically Adjusted Book per Share Related Terms

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


AYER Holdings Bhd (XKLS:2305) Business Description

Industry
Traded in Other Exchanges
N/A
Address
15 Jalan Raja Chulan, 5th Floor, Bangunan Yee Seng, Kuala Lumpur, MYS, 50200
AYER Holdings Bhd is an investment holding company. The principal activities of the company and its subsidiaries are categorized into three segments, namely Property Development, Plantation, and Others. Its Property development segment is engaged in developing residential and commercial properties. Its Plantation segment is involved in cultivating oil palm and durian. Other segment includes investments. The majority of revenue is earned from the Property development segment.

AYER Holdings Bhd (XKLS:2305) Headlines

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