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ACI (DHA:ACI) Cyclically Adjusted Book per Share : BDT137.29 (As of Mar. 2024)


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What is ACI 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.

ACI's adjusted book value per share for the three months ended in Mar. 2024 was BDT101.106. 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 BDT137.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ACI's average Cyclically Adjusted Book Growth Rate was 3.70% 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 (2024-06-01), ACI's current stock price is BDT128.20. ACI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was BDT137.29. ACI's Cyclically Adjusted PB Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ACI was 2.07. The lowest was 0.99. And the median was 1.93.


ACI Cyclically Adjusted Book per Share Historical Data

The historical data trend for ACI'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.

ACI Cyclically Adjusted Book per Share Chart

ACI Annual Data
Trend Dec12 Dec13 Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 134.87

ACI 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 132.40 134.87 137.23 135.77 137.29

Competitive Comparison of ACI's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, ACI'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.


ACI's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, ACI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ACI 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, ACI'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)
=101.106/131.7762*131.7762
=101.106

Current CPI (Mar. 2024) = 131.7762.

ACI Quarterly Data

Book Value per Share CPI Adj_Book
201312 50.261 98.326 67.360
201403 0.000 99.695 0.000
201406 49.755 100.560 65.200
201409 50.693 100.428 66.517
201412 54.684 99.070 72.737
201503 55.675 99.621 73.645
201506 82.559 100.684 108.054
201509 92.662 100.392 121.630
201603 142.200 100.470 186.508
201609 143.305 101.861 185.392
201612 131.856 101.863 170.577
201703 135.063 102.862 173.028
201706 138.750 103.349 176.914
201709 141.868 104.136 179.524
201712 143.839 104.011 182.236
201803 143.478 105.290 179.571
201806 142.818 106.317 177.018
201809 147.256 106.507 182.194
201812 139.266 105.998 173.135
201903 134.902 107.251 165.751
201906 125.694 108.070 153.267
201909 122.325 108.329 148.801
201912 108.984 108.420 132.462
202003 104.548 108.902 126.508
202006 103.649 108.767 125.575
202009 105.282 109.815 126.337
202012 103.545 109.897 124.160
202103 103.851 111.754 122.457
202106 134.699 114.631 154.845
202109 137.615 115.734 156.690
202112 133.945 117.630 150.054
202203 133.918 121.301 145.483
202206 135.223 125.017 142.534
202209 131.051 125.227 137.905
202212 128.295 125.222 135.010
202303 129.669 127.348 134.178
202306 113.672 128.729 116.363
202309 111.095 129.860 112.735
202312 98.973 129.419 100.775
202403 101.106 131.776 101.106

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


ACI  (DHA:ACI) 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.

ACI's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=128.20/137.29
=0.93

* 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 ACI was 2.07. The lowest was 0.99. And the median was 1.93.


Be Aware

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


ACI Cyclically Adjusted Book per Share Related Terms

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


ACI (DHA:ACI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ACI Ltd (DHA:ACI) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
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Address
ACI Centre, 245 Tejgaon Industrial Area, Dhaka, BGD, 1208
ACI Ltd is a Bangladesh based company engaged in the manufacturing of pharmaceuticals, consumer brands, animal health products, and also markets along with agrochemicals, seeds, and other consumer brand items. The operating segments of the company are Pharmaceuticals, Crop Care and Public Health, Animal Health, Consumer Brands, Motors, Pure Flour, Retail Chain, Salt, Foods, HealthCare, and Premiaflex Plastics. The group generates the majority of the revenue from the Motors segment.