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Dutch Lady Milk Industries Bhd (XKLS:3026) Cyclically Adjusted Book per Share : RM4.06 (As of Mar. 2024)


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What is Dutch Lady Milk Industries 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.

Dutch Lady Milk Industries Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM7.248. 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 RM4.06 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dutch Lady Milk Industries Bhd's average Cyclically Adjusted Book Growth Rate was 10.30% 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 (2024-06-04), Dutch Lady Milk Industries Bhd's current stock price is RM37.00. Dutch Lady Milk Industries Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM4.06. Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio of today is 9.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dutch Lady Milk Industries Bhd was 10.98. The lowest was 5.43. And the median was 8.61.


Dutch Lady Milk Industries Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Dutch Lady Milk Industries 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.

Dutch Lady Milk Industries Bhd Cyclically Adjusted Book per Share Chart

Dutch Lady Milk Industries Bhd 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 - - 3.23 3.58 3.92

Dutch Lady Milk Industries 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 3.68 3.78 3.85 3.92 4.06

Competitive Comparison of Dutch Lady Milk Industries Bhd's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, Dutch Lady Milk Industries 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.


Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio falls into.



Dutch Lady Milk Industries 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, Dutch Lady Milk Industries 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)
=7.248/131.7762*131.7762
=7.248

Current CPI (Mar. 2024) = 131.7762.

Dutch Lady Milk Industries Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.577 100.560 3.377
201409 3.023 100.428 3.967
201412 2.454 99.070 3.264
201503 2.720 99.621 3.598
201506 2.382 100.684 3.118
201509 3.162 100.392 4.151
201512 2.457 99.792 3.244
201603 2.986 100.470 3.916
201606 2.460 101.688 3.188
201609 3.095 101.861 4.004
201612 2.586 101.863 3.345
201703 3.085 102.862 3.952
201706 1.888 103.349 2.407
201709 2.397 104.136 3.033
201712 1.625 104.011 2.059
201803 2.160 105.290 2.703
201806 1.540 106.317 1.909
201809 2.074 106.507 2.566
201812 1.648 105.998 2.049
201903 2.177 107.251 2.675
201906 1.946 108.070 2.373
201909 2.340 108.329 2.846
201912 2.257 108.420 2.743
202003 2.612 108.902 3.161
202006 2.943 108.767 3.566
202009 2.688 109.815 3.226
202012 2.603 109.897 3.121
202103 2.867 111.754 3.381
202106 3.043 114.631 3.498
202109 3.361 115.734 3.827
202112 5.978 117.630 6.697
202203 6.299 121.301 6.843
202206 6.386 125.017 6.731
202209 6.767 125.227 7.121
202212 6.201 125.222 6.526
202303 6.334 127.348 6.554
202306 6.463 128.729 6.616
202309 6.725 129.860 6.824
202312 6.832 129.419 6.956
202403 7.248 131.776 7.248

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


Dutch Lady Milk Industries Bhd  (XKLS:3026) 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.

Dutch Lady Milk Industries Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.00/4.06
=9.11

* 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 Dutch Lady Milk Industries Bhd was 10.98. The lowest was 5.43. And the median was 8.61.


Be Aware

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


Dutch Lady Milk Industries Bhd Cyclically Adjusted Book per Share Related Terms

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


Dutch Lady Milk Industries Bhd (XKLS:3026) Business Description

Traded in Other Exchanges
N/A
Address
112, Jalan Prof. Khoo Kay Kim, Level 5, Quill 9, Petaling Jaya, SGR, MYS, 46300
Dutch Lady Milk Industries Bhd is a Malaysia-based company that manufactures and distributes a wide range of dairy products, such as specialized powders for infant and growing up children, liquid milk in different packaging formats and yoghurts. The Company markets these products under various brand names such as Dutch Lady, Dutch Baby, Frisolac, Friso Gold and Dutch Lady PureFarm.

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