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Coca Cola Icecek AS (IST:CCOLA) Cyclically Adjusted Book per Share : ₺42.27 (As of Dec. 2023)


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What is Coca Cola Icecek AS 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.

Coca Cola Icecek AS's adjusted book value per share for the three months ended in Dec. 2023 was ₺154.446. 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 ₺42.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Coca Cola Icecek AS's average Cyclically Adjusted Book Growth Rate was 38.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 36.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 28.10% 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 Coca Cola Icecek AS was 36.70% per year. The lowest was 19.10% per year. And the median was 29.40% per year.

As of today (2024-06-02), Coca Cola Icecek AS's current stock price is ₺761.50. Coca Cola Icecek AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺42.27. Coca Cola Icecek AS's Cyclically Adjusted PB Ratio of today is 18.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Coca Cola Icecek AS was 18.68. The lowest was 2.06. And the median was 4.50.


Coca Cola Icecek AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Coca Cola Icecek AS'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.

Coca Cola Icecek AS Cyclically Adjusted Book per Share Chart

Coca Cola Icecek AS 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 14.06 16.56 21.04 30.46 42.27

Coca Cola Icecek AS 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 30.46 32.77 35.57 38.88 42.27

Competitive Comparison of Coca Cola Icecek AS's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, Coca Cola Icecek AS'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.


Coca Cola Icecek AS's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca Cola Icecek AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Coca Cola Icecek AS's Cyclically Adjusted PB Ratio falls into.



Coca Cola Icecek AS 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, Coca Cola Icecek AS'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)
=154.446/129.4194*129.4194
=154.446

Current CPI (Dec. 2023) = 129.4194.

Coca Cola Icecek AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.514 99.695 13.649
201406 10.735 100.560 13.816
201409 11.812 100.428 15.222
201412 11.891 99.070 15.534
201503 12.675 99.621 16.466
201506 13.184 100.684 16.947
201509 14.838 100.392 19.128
201512 14.188 99.792 18.400
201603 13.998 100.470 18.031
201606 14.744 101.688 18.765
201609 15.836 101.861 20.120
201612 16.925 101.863 21.504
201703 17.368 102.862 21.852
201706 17.341 103.349 21.715
201709 18.213 104.136 22.635
201712 18.342 104.011 22.823
201803 19.293 105.290 23.715
201806 21.227 106.317 25.840
201809 26.274 106.507 31.926
201812 22.009 105.998 26.872
201903 23.210 107.251 28.008
201906 23.003 108.070 27.547
201909 24.776 108.329 29.599
201912 25.612 108.420 30.573
202003 25.721 108.902 30.567
202006 27.976 108.767 33.288
202009 33.757 109.815 39.783
202012 30.123 109.897 35.474
202103 33.729 111.754 39.061
202106 35.211 114.631 39.753
202109 38.965 115.734 43.572
202112 51.324 117.630 56.468
202203 56.026 121.301 59.776
202206 64.381 125.017 66.648
202209 76.286 125.227 78.840
202212 160.383 125.222 165.759
202303 82.696 127.348 84.041
202306 109.651 128.729 110.239
202309 133.023 129.860 132.572
202312 154.446 129.419 154.446

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


Coca Cola Icecek AS  (IST:CCOLA) 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.

Coca Cola Icecek AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=761.50/42.27
=18.02

* 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 Coca Cola Icecek AS was 18.68. The lowest was 2.06. And the median was 4.50.


Be Aware

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


Coca Cola Icecek AS Cyclically Adjusted Book per Share Related Terms

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


Coca Cola Icecek AS (IST:CCOLA) Business Description

Traded in Other Exchanges
Address
OSB Mahallesi Deniz Feneri Sokak, No: 4 Dudullu - Umraniye, Istanbul, TUR, 34776
Coca Cola Icecek AS is the exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East. Coca-Cola's brands include Coca-Cola, Fanta, Sprite, Cappy, Powerade, and Fuse. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey. The controlling shareholder of the company is Anadolu Efes Biracilik ve Malt Sanayi.

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