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PT BFI Finance Indonesia Tbk (ISX:BFIN) Cyclically Adjusted Book per Share : Rp473.40 (As of Mar. 2024)


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What is PT BFI Finance Indonesia Tbk 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.

PT BFI Finance Indonesia Tbk's adjusted book value per share for the three months ended in Mar. 2024 was Rp653.065. 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 Rp473.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PT BFI Finance Indonesia Tbk's average Cyclically Adjusted Book Growth Rate was 10.50% 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 (2024-06-10), PT BFI Finance Indonesia Tbk's current stock price is Rp980.00. PT BFI Finance Indonesia Tbk's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Rp473.40. PT BFI Finance Indonesia Tbk's Cyclically Adjusted PB Ratio of today is 2.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PT BFI Finance Indonesia Tbk was 3.69. The lowest was 2.07. And the median was 2.86.


PT BFI Finance Indonesia Tbk Cyclically Adjusted Book per Share Historical Data

The historical data trend for PT BFI Finance Indonesia Tbk'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.

PT BFI Finance Indonesia Tbk Cyclically Adjusted Book per Share Chart

PT BFI Finance Indonesia Tbk 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 - - 366.22 416.08 459.72

PT BFI Finance Indonesia Tbk 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 428.45 435.69 446.36 459.72 473.40

Competitive Comparison of PT BFI Finance Indonesia Tbk's Cyclically Adjusted Book per Share

For the Credit Services subindustry, PT BFI Finance Indonesia Tbk'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.


PT BFI Finance Indonesia Tbk's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PT BFI Finance Indonesia Tbk's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PT BFI Finance Indonesia Tbk's Cyclically Adjusted PB Ratio falls into.



PT BFI Finance Indonesia Tbk 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, PT BFI Finance Indonesia Tbk'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)
=653.065/130.6070*130.6070
=653.065

Current CPI (Mar. 2024) = 130.6070.

PT BFI Finance Indonesia Tbk Quarterly Data

Book Value per Share CPI Adj_Book
201403 231.666 92.483 327.164
201406 0.000 93.015 0.000
201412 230.136 98.819 304.165
201503 0.000 98.388 0.000
201506 244.139 99.766 319.610
201509 0.000 101.037 0.000
201512 256.912 102.133 328.538
201603 262.567 102.764 333.708
201606 0.000 103.212 0.000
201609 268.305 104.142 336.486
201612 284.320 105.222 352.913
201703 300.660 106.476 368.800
201706 306.624 107.722 371.766
201709 326.791 108.020 395.122
201712 327.729 109.017 392.634
201803 351.279 110.097 416.721
201806 361.412 111.085 424.927
201809 388.373 111.135 456.422
201812 414.570 112.430 481.596
201903 436.204 112.829 504.937
201906 408.174 114.730 464.659
201909 434.422 114.905 493.788
201912 406.309 115.486 459.509
202003 421.374 116.252 473.405
202006 411.015 116.630 460.272
202009 420.897 116.397 472.283
202012 441.458 117.318 491.463
202103 458.928 117.840 508.650
202106 459.393 118.184 507.683
202109 480.427 118.262 530.579
202112 496.491 119.516 542.565
202203 522.828 120.948 564.581
202206 542.021 123.322 574.038
202209 574.455 125.298 598.793
202212 582.146 126.098 602.964
202303 616.379 126.953 634.122
202306 605.316 127.663 619.276
202309 625.791 128.151 637.782
202312 631.614 129.395 637.532
202403 653.065 130.607 653.065

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


PT BFI Finance Indonesia Tbk  (ISX:BFIN) 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.

PT BFI Finance Indonesia Tbk's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=980.00/473.4
=2.07

* 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 PT BFI Finance Indonesia Tbk was 3.69. The lowest was 2.07. And the median was 2.86.


Be Aware

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


PT BFI Finance Indonesia Tbk Cyclically Adjusted Book per Share Related Terms

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


PT BFI Finance Indonesia Tbk (ISX:BFIN) Business Description

Traded in Other Exchanges
Address
BFI Tower, Sunburst CBD Lot 1.2, Jalan Kapten Soebijanto Djojohadikusumo, BSD City, South Tangerang, IDN, 15322
PT BFI Finance Indonesia Tbk is a financial company operating in Indonesia providing finance for vehicles, heavy equipment, trucks and machinery, housing, and shops, as well as for procurement of goods and services. The company's main business is the financing of used four-wheelers. It also offers the financial lease of heavy equipment for metal mining, general contractors, agriculture, and transportation sectors. The company operates its business in two segments which are Consumer financing and Financial lease. The company has a presence in Java, Kalimantan, Sumatera, and Sulawesi.