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Cinemark Holdings (Cinemark Holdings) Cyclically Adjusted Book per Share : $9.96 (As of Mar. 2024)


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What is Cinemark Holdings 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.

Cinemark Holdings's adjusted book value per share for the three months ended in Mar. 2024 was $2.668. 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 $9.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cinemark Holdings's average Cyclically Adjusted Book Growth Rate was -6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.90% 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 Cinemark Holdings was 3.90% per year. The lowest was -3.10% per year. And the median was 2.70% per year.

As of today (2024-06-08), Cinemark Holdings's current stock price is $16.80. Cinemark Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.96. Cinemark Holdings's Cyclically Adjusted PB Ratio of today is 1.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cinemark Holdings was 4.78. The lowest was 0.71. And the median was 3.38.


Cinemark Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cinemark Holdings'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.

Cinemark Holdings Cyclically Adjusted Book per Share Chart

Cinemark Holdings 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 11.03 11.04 11.02 10.70 10.03

Cinemark Holdings 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 10.60 10.46 10.31 10.03 9.96

Competitive Comparison of Cinemark Holdings's Cyclically Adjusted Book per Share

For the Entertainment subindustry, Cinemark Holdings'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.


Cinemark Holdings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cinemark Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cinemark Holdings 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, Cinemark Holdings'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)
=2.668/131.7762*131.7762
=2.668

Current CPI (Mar. 2024) = 131.7762.

Cinemark Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.913 100.560 12.990
201409 9.676 100.428 12.696
201412 9.618 99.070 12.793
201503 9.342 99.621 12.357
201506 9.700 100.684 12.695
201509 9.357 100.392 12.282
201512 9.486 99.792 12.526
201603 9.812 100.470 12.869
201606 10.226 101.688 13.252
201609 10.512 101.861 13.599
201612 10.858 101.863 14.047
201703 11.353 102.862 14.544
201706 11.364 103.349 14.490
201709 11.504 104.136 14.557
201712 11.966 104.011 15.160
201803 12.502 105.290 15.647
201806 12.424 106.317 15.399
201809 12.469 106.507 15.427
201812 11.951 105.998 14.857
201903 12.398 107.251 15.233
201906 12.934 108.070 15.771
201909 12.665 108.329 15.406
201912 12.256 108.420 14.896
202003 10.664 108.902 12.904
202006 9.236 108.767 11.190
202009 8.523 109.815 10.227
202012 6.645 109.897 7.968
202103 4.296 111.754 5.066
202106 3.237 114.631 3.721
202109 2.542 115.734 2.894
202112 2.696 117.630 3.020
202203 2.377 121.301 2.582
202206 1.725 125.017 1.818
202209 1.618 125.227 1.703
202212 0.920 125.222 0.968
202303 0.937 127.348 0.970
202306 2.012 128.729 2.060
202309 2.675 129.860 2.714
202312 2.548 129.419 2.594
202403 2.668 131.776 2.668

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


Cinemark Holdings  (NYSE:CNK) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.80/9.96
=1.69

* 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 Cinemark Holdings was 4.78. The lowest was 0.71. And the median was 3.38.


Be Aware

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


Cinemark Holdings Cyclically Adjusted Book per Share Related Terms

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


Cinemark Holdings (Cinemark Holdings) Business Description

Traded in Other Exchanges
Address
3900 Dallas Parkway, Suite 500, Plano, TX, USA, 75093
Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.
Executives
Kevin Leroy Mitchell director 3900 DALLAS PARKWAY, PLANO TX 75093
Enrique Senior director 711 FIFTH AVENUE, NEW YORK NY 10022
Wanda Marie Gierhart officer: EVP - Chief Marketing Officer 3900 DALLAS PARKWAY, PLANO TX 75093
Caren Bedard officer: SVP-Global Controller 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093
Michael Cavalier officer: SVP-General Counsel 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093
Melissa Thomas officer: EVP, Chief Financial Officer 600 WEST CHICAGO AVE, STE 400, CHICAGO IL 60654
Valmir Fernandes officer: Pr - Cinemark International 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093
Mark Zoradi director C/O DREAMWORKS ANIMATION SKG, INC., 1000 FLOWER STREET, GLENDALE CA 91201
Ximena G Humrichouse director 1230 RIVER BEND DRIVE, SUITE 215, DALLAS TX 75247
Lee Roy Mitchell director, 10 percent owner, officer: Chairman of the Board
Sean Gamble officer: Chief Financial Officer 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093
Tom Owens officer: SVP - Real Estate 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093
Nancy S. Loewe director 351 PHELPS DRIVE, IRVING TX 75038
Timothy Warner officer: President and COO 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093
Robert Copple officer: Chief Financial Officer 3900 DALLAS PARKWAY, SUITE 500, PLANO TX 75093