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Gulf Hotels Group BSC (BAH:GHG) Cyclically Adjusted Book per Share : BHD0.53 (As of Mar. 2024)


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What is Gulf Hotels Group BSC 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.

Gulf Hotels Group BSC's adjusted book value per share for the three months ended in Mar. 2024 was BHD0.447. 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 BHD0.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gulf Hotels Group BSC's average Cyclically Adjusted Book Growth Rate was 1.90% 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.

As of today (2024-06-04), Gulf Hotels Group BSC's current stock price is BHD0.43. Gulf Hotels Group BSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was BHD0.53. Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio of today is 0.81.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gulf Hotels Group BSC was 0.83. The lowest was 0.64. And the median was 0.75.


Gulf Hotels Group BSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gulf Hotels Group BSC'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.

Gulf Hotels Group BSC Cyclically Adjusted Book per Share Chart

Gulf Hotels Group BSC 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 - - 0.47 0.51 0.52

Gulf Hotels Group BSC 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 0.52 0.52 0.52 0.52 0.53

Competitive Comparison of Gulf Hotels Group BSC's Cyclically Adjusted Book per Share

For the Lodging subindustry, Gulf Hotels Group BSC'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.


Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio falls into.



Gulf Hotels Group BSC 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, Gulf Hotels Group BSC'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)
=0.447/131.7762*131.7762
=0.447

Current CPI (Mar. 2024) = 131.7762.

Gulf Hotels Group BSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.343 100.560 0.449
201409 0.355 100.428 0.466
201412 0.364 99.070 0.484
201503 0.347 99.621 0.459
201506 0.362 100.684 0.474
201509 0.370 100.392 0.486
201512 0.378 99.792 0.499
201603 0.308 100.470 0.404
201606 0.430 101.688 0.557
201609 0.443 101.861 0.573
201612 0.460 101.863 0.595
201703 0.453 102.862 0.580
201706 0.463 103.349 0.590
201709 0.474 104.136 0.600
201712 0.495 104.011 0.627
201803 0.483 105.290 0.605
201806 0.492 106.317 0.610
201809 0.497 106.507 0.615
201812 0.503 105.998 0.625
201903 0.486 107.251 0.597
201906 0.494 108.070 0.602
201909 0.501 108.329 0.609
201912 0.509 108.420 0.619
202003 0.000 108.902 0.000
202006 0.464 108.767 0.562
202009 0.459 109.815 0.551
202012 0.445 109.897 0.534
202103 0.435 111.754 0.513
202106 0.433 114.631 0.498
202109 0.437 115.734 0.498
202112 0.451 117.630 0.505
202203 0.441 121.301 0.479
202206 0.443 125.017 0.467
202209 0.448 125.227 0.471
202212 0.458 125.222 0.482
202303 0.446 127.348 0.462
202306 0.450 128.729 0.461
202309 0.451 129.860 0.458
202312 0.462 129.419 0.470
202403 0.447 131.776 0.447

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


Gulf Hotels Group BSC  (BAH:GHG) 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.

Gulf Hotels Group BSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.43/0.53
=0.81

* 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 Gulf Hotels Group BSC was 0.83. The lowest was 0.64. And the median was 0.75.


Be Aware

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


Gulf Hotels Group BSC Cyclically Adjusted Book per Share Related Terms

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


Gulf Hotels Group BSC (BAH:GHG) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 580, Manama, BHR
Gulf Hotels Group BSC is involved in providing hospitality services. The company owns and operates the Gulf Hotel and Crown Plaza Hotels in the Kingdom of Bahrain and Gulf Court Hotel Business Bay in Dubai, UAE, GHG Colombo in Sri Lanka. The company has three segments; Hotel operations including Hotel rooms and rental and executive apartments and offices, food and beverage including the sale of food and beverages, and convention operations, and Investments and other activities including Investment activities of the Group. The company generates revenue on letting hotel rooms and sale of food and beverages.