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Combined Group Contracting K C (KUW:CGC) Cyclically Adjusted PB Ratio : 2.13 (As of Jun. 10, 2024)


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What is Combined Group Contracting K C Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Combined Group Contracting K C's current share price is KWD0.66. Combined Group Contracting K C's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was KWD0.31. Combined Group Contracting K C's Cyclically Adjusted PB Ratio for today is 2.13.

The historical rank and industry rank for Combined Group Contracting K C's Cyclically Adjusted PB Ratio or its related term are showing as below:

KUW:CGC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.41   Max: 1.95
Current: 1.94

During the past years, Combined Group Contracting K C's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 1.22. And the median was 1.41.

KUW:CGC's Cyclically Adjusted PB Ratio is ranked worse than
70.57% of 1264 companies
in the Construction industry
Industry Median: 1.095 vs KUW:CGC: 1.94

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.

Combined Group Contracting K C's adjusted book value per share data for the three months ended in Mar. 2024 was KWD0.346. 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 KWD0.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Combined Group Contracting K C Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Combined Group Contracting K C's Cyclically Adjusted PB Ratio 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.

Combined Group Contracting K C Cyclically Adjusted PB Ratio Chart

Combined Group Contracting K C Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.53 1.48

Combined Group Contracting K C Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 1.46 1.31 1.40 1.48 1.41

Competitive Comparison of Combined Group Contracting K C's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Combined Group Contracting K C'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.


Combined Group Contracting K C's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's Cyclically Adjusted PB Ratio falls into.



Combined Group Contracting K C Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Combined Group Contracting K C's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.66/0.31
=2.13

* 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.

Combined Group Contracting K C's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Combined Group Contracting K C'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)
=0.346/131.7762*131.7762
=0.346

Current CPI (Mar. 2024) = 131.7762.

Combined Group Contracting K C Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.224 100.560 0.294
201409 0.000 100.428 0.000
201412 0.242 99.070 0.322
201503 0.247 99.621 0.327
201506 0.232 100.684 0.304
201509 0.236 100.392 0.310
201512 0.244 99.792 0.322
201603 0.239 100.470 0.313
201606 0.230 101.688 0.298
201609 0.235 101.861 0.304
201612 0.254 101.863 0.329
201703 0.257 102.862 0.329
201706 0.241 103.349 0.307
201709 0.247 104.136 0.313
201712 0.264 104.011 0.334
201803 0.271 105.290 0.339
201806 0.259 106.317 0.321
201809 0.263 106.507 0.325
201812 0.273 105.998 0.339
201903 0.286 107.251 0.351
201906 0.272 108.070 0.332
201909 0.274 108.329 0.333
201912 0.274 108.420 0.333
202003 0.256 108.902 0.310
202006 0.235 108.767 0.285
202009 0.235 109.815 0.282
202012 0.224 109.897 0.269
202103 0.228 111.754 0.269
202106 0.227 114.631 0.261
202109 0.253 115.734 0.288
202112 0.273 117.630 0.306
202203 0.280 121.301 0.304
202206 0.269 125.017 0.284
202209 0.283 125.227 0.298
202212 0.307 125.222 0.323
202303 0.317 127.348 0.328
202306 0.299 128.729 0.306
202309 0.309 129.860 0.314
202312 0.328 129.419 0.334
202403 0.346 131.776 0.346

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


Combined Group Contracting K C  (KUW:CGC) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Combined Group Contracting K C Cyclically Adjusted PB Ratio Related Terms

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Combined Group Contracting K C (KUW:CGC) Business Description

Traded in Other Exchanges
N/A
Address
Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049
Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, constructions works of building, ways, bridges and managing, controlling them and their related works and many other activities. The group has the operations in State of Kuwait and Gulf Countries of which it earns the majority of revenue share from Kuwait region.