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1834 Investments (XJAM:1834) Cyclically Adjusted Book per Share : JMD1.85 (As of Sep. 2022)


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What is 1834 Investments 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.

1834 Investments's adjusted book value per share for the three months ended in Sep. 2022 was JMD1.192. 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 JMD1.85 for the trailing ten years ended in Sep. 2022.

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 (2024-06-02), 1834 Investments's current stock price is JMD1.21. 1834 Investments's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2022 was JMD1.85. 1834 Investments's Cyclically Adjusted PB Ratio of today is 0.65.


1834 Investments Cyclically Adjusted Book per Share Historical Data

The historical data trend for 1834 Investments'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.

1834 Investments Cyclically Adjusted Book per Share Chart

1834 Investments Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted Book per Share
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1834 Investments Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 - - - - 1.85

Competitive Comparison of 1834 Investments's Cyclically Adjusted Book per Share

For the Asset Management subindustry, 1834 Investments'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.


1834 Investments's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, 1834 Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where 1834 Investments's Cyclically Adjusted PB Ratio falls into.



1834 Investments 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, 1834 Investments's adjusted Book Value per Share data for the three months ended in Sep. 2022 was:

Adj_Book= Book Value per Share /CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=1.192/125.2265*125.2265
=1.192

Current CPI (Sep. 2022) = 125.2265.

1834 Investments Quarterly Data

Book Value per Share CPI Adj_Book
200912 1.670 91.111 2.295
201012 2.028 92.474 2.746
201112 1.887 95.213 2.482
201212 1.957 96.871 2.530
201306 0.000 98.518 0.000
201309 0.000 98.790 0.000
201312 2.141 98.326 2.727
201403 0.000 99.695 0.000
201406 2.129 100.560 2.651
201409 2.139 100.428 2.667
201412 2.207 99.070 2.790
201503 2.264 99.621 2.846
201506 2.274 100.684 2.828
201509 2.299 100.392 2.868
201606 1.546 101.688 1.904
201609 1.452 101.861 1.785
201612 1.433 101.863 1.762
201703 1.467 102.862 1.786
201706 1.375 103.349 1.666
201709 1.389 104.136 1.670
201712 1.397 104.011 1.682
201803 1.407 105.290 1.673
201806 1.413 106.317 1.664
201809 1.426 106.507 1.677
201812 1.257 105.998 1.485
201903 1.232 107.251 1.438
201906 1.248 108.070 1.446
201909 1.182 108.329 1.366
201912 1.167 108.420 1.348
202003 1.187 108.902 1.365
202006 1.199 108.767 1.380
202009 1.207 109.815 1.376
202012 1.169 109.897 1.332
202103 1.247 111.754 1.397
202106 1.264 114.631 1.381
202109 1.250 115.734 1.353
202112 1.237 117.630 1.317
202203 1.249 121.301 1.289
202206 1.212 125.017 1.214
202209 1.192 125.227 1.192

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


1834 Investments  (XJAM:1834) 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.

1834 Investments's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.21/1.85
=0.65

* 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.


Be Aware

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


1834 Investments Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of 1834 Investments's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


1834 Investments (XJAM:1834) Business Description

Traded in Other Exchanges
N/A
Address
7 North Street, P.O. Box 40, Kingston, JAM
1834 Investments Ltd is a Jamaica-based investment management company. The company's main activity is the management of its income-generating real estate, bond, and equity investments. Also, its activities include the management of its joint venture and subsidiary companies. Its equity portfolio comprises a diversified mix of the stocks of local and overseas companies in North America, the United Kingdom, Europe, and Asia.

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