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YTL Hospitality REIT (XKLS:5109) Cyclically Adjusted Book per Share : RM1.76 (As of Dec. 2023)


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What is YTL Hospitality REIT 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.

YTL Hospitality REIT's adjusted book value per share for the three months ended in Dec. 2023 was RM1.715. 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 RM1.76 for the trailing ten years ended in Dec. 2023.

During the past 12 months, YTL Hospitality REIT's average Cyclically Adjusted Book Growth Rate was 5.40% 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 (2024-05-26), YTL Hospitality REIT's current stock price is RM1.22. YTL Hospitality REIT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was RM1.76. YTL Hospitality REIT's Cyclically Adjusted PB Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of YTL Hospitality REIT was 0.70. The lowest was 0.51. And the median was 0.58.


YTL Hospitality REIT Cyclically Adjusted Book per Share Historical Data

The historical data trend for YTL Hospitality REIT'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.

YTL Hospitality REIT Cyclically Adjusted Book per Share Chart

YTL Hospitality REIT Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.51 1.66 1.74

YTL Hospitality REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.67 1.71 1.74 1.76 1.76

Competitive Comparison of YTL Hospitality REIT's Cyclically Adjusted Book per Share

For the REIT - Hotel & Motel subindustry, YTL Hospitality REIT'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.


YTL Hospitality REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, YTL Hospitality REIT's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



YTL Hospitality REIT 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, YTL Hospitality REIT'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)
=1.715/129.4194*129.4194
=1.715

Current CPI (Dec. 2023) = 129.4194.

YTL Hospitality REIT Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.995 99.695 1.292
201406 1.261 100.560 1.623
201409 1.178 100.428 1.518
201412 1.170 99.070 1.528
201503 1.158 99.621 1.504
201506 1.346 100.684 1.730
201509 1.410 100.392 1.818
201512 1.388 99.792 1.800
201603 1.339 100.470 1.725
201606 1.452 101.688 1.848
201609 1.478 101.861 1.878
201612 1.783 101.863 2.265
201703 1.401 102.862 1.763
201706 1.485 103.349 1.860
201709 1.473 104.136 1.831
201712 1.434 104.011 1.784
201803 1.398 105.290 1.718
201806 1.595 106.317 1.942
201809 1.584 106.507 1.925
201812 1.568 105.998 1.914
201903 1.551 107.251 1.872
201906 1.606 108.070 1.923
201909 1.584 108.329 1.892
201912 1.584 108.420 1.891
202003 1.561 108.902 1.855
202006 1.500 108.767 1.785
202009 1.512 109.815 1.782
202012 1.522 109.897 1.792
202103 1.535 111.754 1.778
202106 1.587 114.631 1.792
202109 1.571 115.734 1.757
202112 1.551 117.630 1.706
202203 1.555 121.301 1.659
202206 1.627 125.017 1.684
202209 1.633 125.227 1.688
202212 1.620 125.222 1.674
202303 1.628 127.348 1.654
202306 1.706 128.729 1.715
202309 1.697 129.860 1.691
202312 1.715 129.419 1.715

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


YTL Hospitality REIT  (XKLS:5109) 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.

YTL Hospitality REIT's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.22/1.76
=0.69

* 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 YTL Hospitality REIT was 0.70. The lowest was 0.51. And the median was 0.58.


Be Aware

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


YTL Hospitality REIT Cyclically Adjusted Book per Share Related Terms

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


YTL Hospitality REIT (XKLS:5109) Business Description

Industry
Traded in Other Exchanges
N/A
Address
205 Jalan Bukit Bintang, 25th Floor, Menara YTL, Kuala Lumpur, MYS, 55100
YTL Hospitality REIT is a company engaged in the hotels and resorts as well as the property development divisions. Its properties include prime hotel and hospitality-related properties which include JW Marriott Hotel, The Residences at The Ritz-Carlton, the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts and the AC hotels in Kuala Lumpur. The business activity of the group comprises with two reportable segments which are Property rental and Hotel. The Property Rental segment includes the leasing of hotel properties. The Hotel segment refers to the operation of the hotel business. Geographically it holds a presence in the region of Malaysia and Australia.

YTL Hospitality REIT (XKLS:5109) Headlines

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