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Altinyag Kombinalari AS (IST:ALMAD) Cyclically Adjusted Book per Share : ₺0.81 (As of Sep. 2023)


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What is Altinyag Kombinalari AS 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.

Altinyag Kombinalari AS's adjusted book value per share for the three months ended in Sep. 2023 was ₺2.113. 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 ₺0.81 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Altinyag Kombinalari AS's average Cyclically Adjusted Book Growth Rate was 17.40% 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), Altinyag Kombinalari AS's current stock price is ₺6.67. Altinyag Kombinalari AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₺0.81. Altinyag Kombinalari AS's Cyclically Adjusted PB Ratio of today is 8.23.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Altinyag Kombinalari AS was 12.86. The lowest was 1.99. And the median was 5.06.


Altinyag Kombinalari AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Altinyag Kombinalari AS'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.

Altinyag Kombinalari AS Cyclically Adjusted Book per Share Chart

Altinyag Kombinalari AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.50 0.59 0.71

Altinyag Kombinalari AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.69 0.71 0.74 0.77 0.81

Competitive Comparison of Altinyag Kombinalari AS's Cyclically Adjusted Book per Share

For the Thermal Coal subindustry, Altinyag Kombinalari AS'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.


Altinyag Kombinalari AS's Cyclically Adjusted PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Altinyag Kombinalari AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Altinyag Kombinalari AS 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, Altinyag Kombinalari AS's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2.113/129.8595*129.8595
=2.113

Current CPI (Sep. 2023) = 129.8595.

Altinyag Kombinalari AS Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.708 98.326 0.935
201403 0.699 99.695 0.910
201406 0.688 100.560 0.888
201409 0.688 100.428 0.890
201412 1.047 99.070 1.372
201503 0.632 99.621 0.824
201506 0.579 100.684 0.747
201509 0.546 100.392 0.706
201512 0.639 99.792 0.832
201603 0.669 100.470 0.865
201606 0.645 101.688 0.824
201609 0.738 101.861 0.941
201612 0.445 101.863 0.567
201703 0.408 102.862 0.515
201706 0.450 103.349 0.565
201709 0.340 104.136 0.424
201712 0.081 104.011 0.101
201803 0.358 105.290 0.442
201806 0.309 106.317 0.377
201809 0.147 106.507 0.179
201812 0.175 105.998 0.214
201903 0.159 107.251 0.193
201906 0.201 108.070 0.242
201909 0.170 108.329 0.204
201912 0.252 108.420 0.302
202003 0.339 108.902 0.404
202006 0.376 108.767 0.449
202009 0.563 109.815 0.666
202012 0.506 109.897 0.598
202103 0.630 111.754 0.732
202106 0.657 114.631 0.744
202109 0.728 115.734 0.817
202112 1.117 117.630 1.233
202203 1.299 121.301 1.391
202206 1.358 125.017 1.411
202209 1.557 125.227 1.615
202212 1.619 125.222 1.679
202303 1.591 127.348 1.622
202306 1.806 128.729 1.822
202309 2.113 129.860 2.113

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


Altinyag Kombinalari AS  (IST:ALMAD) 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.

Altinyag Kombinalari AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.67/0.81
=8.23

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Altinyag Kombinalari AS was 12.86. The lowest was 1.99. And the median was 5.06.


Be Aware

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


Altinyag Kombinalari AS Cyclically Adjusted Book per Share Related Terms

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


Altinyag Kombinalari AS (IST:ALMAD) Business Description

Traded in Other Exchanges
N/A
Address
Ataturk OSB, Sk Number 7, Izmir, Cigli, TUR, 10035
Altinyag Kombinalari AS is a Turkey-based company engaged in producing vegetable oils from various seeds including Canola Seed, Linseed, Camelina Sativa Seed, Soy Bean Seed, and Sunflower Seed among others. The products of the company consist of Crude Oil, Semi-Refined Vegetable Oil, Fully Refined Vegetable Oil, Vegetable Oil Mixtures and Soap Stock.

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