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MegaStudy Co (XKRX:072870) Cyclically Adjusted Book per Share : ₩26,198.40 (As of Mar. 2024)


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What is MegaStudy Co 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.

MegaStudy Co's adjusted book value per share for the three months ended in Mar. 2024 was ₩26,962.891. 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 ₩26,198.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MegaStudy Co's average Cyclically Adjusted Book Growth Rate was -2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.00% 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 MegaStudy Co was 2.80% per year. The lowest was 0.70% per year. And the median was 1.30% per year.

As of today (2024-06-05), MegaStudy Co's current stock price is ₩11400.00. MegaStudy Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩26,198.40. MegaStudy Co's Cyclically Adjusted PB Ratio of today is 0.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MegaStudy Co was 0.80. The lowest was 0.28. And the median was 0.44.


MegaStudy Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for MegaStudy Co'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.

MegaStudy Co Cyclically Adjusted Book per Share Chart

MegaStudy Co 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 25,644.30 25,531.10 25,828.80 26,699.40 26,462.60

MegaStudy Co 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 26,774.20 26,646.60 26,795.40 26,462.60 26,198.40

Competitive Comparison of MegaStudy Co's Cyclically Adjusted Book per Share

For the Education & Training Services subindustry, MegaStudy Co'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.


MegaStudy Co's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, MegaStudy Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MegaStudy Co 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, MegaStudy Co'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)
=26962.891/118.8477*118.8477
=26,962.891

Current CPI (Mar. 2024) = 118.8477.

MegaStudy Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 32,664.637 99.353 39,073.978
201409 34,059.457 99.608 40,638.183
201412 33,916.528 99.098 40,675.910
201503 11,386.796 99.720 13,570.944
201506 19,927.178 100.050 23,671.157
201509 20,132.396 100.110 23,900.599
201512 21,100.351 100.220 25,022.233
201603 20,943.975 100.560 24,752.817
201606 21,019.873 100.790 24,785.828
201609 21,133.923 101.460 24,755.747
201612 20,460.867 101.560 23,943.747
201703 20,281.142 102.850 23,435.752
201706 20,480.603 102.610 23,721.592
201709 20,585.248 103.490 23,640.056
201712 20,174.242 102.990 23,280.535
201803 20,206.250 104.100 23,068.841
201806 20,603.357 104.130 23,515.429
201809 21,064.458 105.650 23,695.811
201812 21,814.148 104.350 24,844.862
201903 21,651.629 104.490 24,626.723
201906 21,972.442 104.880 24,898.686
201909 22,562.796 105.200 25,489.890
201912 22,485.804 105.120 25,422.242
202003 22,237.340 105.540 25,041.280
202006 22,934.368 104.870 25,991.198
202009 23,421.602 106.200 26,210.956
202012 23,867.349 105.765 26,819.541
202103 23,625.560 107.357 26,154.217
202106 24,207.454 107.579 26,743.239
202109 24,634.513 108.759 26,919.610
202112 25,244.409 109.676 27,355.383
202203 25,067.333 111.806 26,646.157
202206 25,683.228 114.083 26,755.940
202209 26,629.018 114.831 27,560.409
202212 26,478.244 115.200 27,316.605
202303 25,606.420 116.550 26,111.322
202306 26,361.990 117.140 26,746.325
202309 26,890.828 119.111 26,831.340
202312 27,337.757 118.848 27,337.757
202403 26,962.891 118.848 26,962.891

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


MegaStudy Co  (XKRX:072870) 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.

MegaStudy Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11400.00/26198.4
=0.44

* 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 MegaStudy Co was 0.80. The lowest was 0.28. And the median was 0.44.


Be Aware

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


MegaStudy Co Cyclically Adjusted Book per Share Related Terms

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


MegaStudy Co (XKRX:072870) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Deokwon Bldg. 1603-54, Seocho-gu, Seoul, KOR, 137-070
MegaStudy Co Ltd is a South Korea-based company engaged in the online education business. It provides online education services through its portal sites which provide online educational contents, teaching materials, video on demand (VOD) contents and learning management consulting services for pre-university students and primary and middle school students. The company also offers offline education services through its educational institutes.

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