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Kenon Holdings (Kenon Holdings) Cyclically Adjusted PB Ratio : 1.04 (As of Jun. 12, 2024)


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What is Kenon Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-12), Kenon Holdings's current share price is $25.2893. Kenon Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $24.41. Kenon Holdings's Cyclically Adjusted PB Ratio for today is 1.04.

The historical rank and industry rank for Kenon Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

KEN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1   Max: 1.11
Current: 1.01

During the past years, Kenon Holdings's highest Cyclically Adjusted PB Ratio was 1.11. The lowest was 0.74. And the median was 1.00.

KEN's Cyclically Adjusted PB Ratio is ranked better than
56% of 275 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.25 vs KEN: 1.01

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.

Kenon Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was $19.061. 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 $24.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kenon Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kenon Holdings'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.

Kenon Holdings Cyclically Adjusted PB Ratio Chart

Kenon Holdings 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 - - - - 1.01

Kenon 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 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 - 0.97 0.94 1.01 1.09

Competitive Comparison of Kenon Holdings's Cyclically Adjusted PB Ratio

For the Utilities - Independent Power Producers subindustry, Kenon 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.


Kenon Holdings's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kenon Holdings 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.

Kenon Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.2893/24.41
=1.04

* 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.

Kenon Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kenon 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)
=19.061/131.7762*131.7762
=19.061

Current CPI (Mar. 2024) = 131.7762.

Kenon Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 22.944 99.070 30.519
201503 23.794 99.621 31.474
201506 24.190 100.684 31.660
201509 22.015 100.392 28.897
201512 19.764 99.792 26.098
201603 19.049 100.470 24.985
201606 13.666 101.688 17.710
201609 13.366 101.861 17.291
201612 12.681 101.863 16.405
201703 12.491 102.862 16.002
201706 12.826 103.349 16.354
201709 13.697 104.136 17.333
201712 18.271 104.011 23.148
201803 15.364 105.290 19.229
201806 15.234 106.317 18.882
201809 15.104 106.507 18.688
201812 12.058 105.998 14.990
201903 11.779 107.251 14.473
201906 12.094 108.070 14.747
201909 13.276 108.329 16.149
201912 11.574 108.420 14.067
202003 11.676 108.902 14.129
202006 16.539 108.767 20.038
202009 17.820 109.815 21.384
202012 19.803 109.897 23.746
202103 24.388 111.754 28.757
202106 25.799 114.631 29.658
202109 29.343 115.734 33.410
202112 33.291 117.630 37.295
202203 45.208 121.301 49.112
202206 39.566 125.017 41.705
202209 45.150 125.227 47.511
202212 29.664 125.222 31.217
202303 27.276 127.348 28.224
202306 26.348 128.729 26.972
202309 22.742 129.860 23.078
202312 22.805 129.419 23.220
202403 19.061 131.776 19.061

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.


Kenon Holdings  (NYSE:KEN) 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.


Kenon Holdings Cyclically Adjusted PB Ratio Related Terms

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


Kenon Holdings (Kenon Holdings) Business Description

Traded in Other Exchanges
Address
1 Temasek Avenue, No. 37-02B, Millenia Tower, Singapore, SGP, 039192
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented, businesses. The company's operating segments include OPC; CPV Group; Quantum and ZIM. It generates maximum revenue from the OPC segment. OPC operates in the Israeli electricity generation sector, including the initiation, development, construction, and operation of power plants and the sale and supply of electricity. Geographically, it derives a majority of revenue from Israel.