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Kingsoft (Kingsoft) Cyclically Adjusted Book per Share : $1.90 (As of Dec. 2023)


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What is Kingsoft 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.

Kingsoft's adjusted book value per share for the three months ended in Dec. 2023 was $2.207. 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 $1.90 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kingsoft's average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.30% 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 Kingsoft was 19.00% per year. The lowest was 17.30% per year. And the median was 18.15% per year.

As of today (2024-06-07), Kingsoft's current stock price is $3.20. Kingsoft's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $1.90. Kingsoft's Cyclically Adjusted PB Ratio of today is 1.68.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kingsoft was 10.16. The lowest was 1.58. And the median was 3.56.


Kingsoft Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kingsoft'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.

Kingsoft Cyclically Adjusted Book per Share Chart

Kingsoft 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 0.88 0.96 1.14 1.33 1.90

Kingsoft Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.33 0.97 1.25 1.57 1.90

Competitive Comparison of Kingsoft's Cyclically Adjusted Book per Share

For the Electronic Gaming & Multimedia subindustry, Kingsoft'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.


Kingsoft's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kingsoft's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kingsoft 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, Kingsoft's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.207/114.7809*114.7809
=2.207

Current CPI (Dec. 2023) = 114.7809.

Kingsoft Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.000 97.332 0.000
201312 0.471 97.624 0.554
201403 0.512 98.600 0.596
201406 0.630 98.200 0.736
201409 0.000 98.900 0.000
201412 0.622 99.000 0.721
201503 0.634 99.900 0.728
201506 0.941 99.500 1.086
201509 0.906 100.500 1.035
201512 0.948 100.600 1.082
201603 0.951 102.200 1.068
201606 0.863 101.400 0.977
201609 0.864 102.400 0.968
201612 0.874 102.600 0.978
201703 0.909 103.200 1.011
201706 0.979 103.100 1.090
201709 1.045 104.100 1.152
201712 1.407 104.500 1.545
201803 1.532 105.300 1.670
201806 1.487 104.900 1.627
201809 1.403 106.600 1.511
201812 1.387 106.500 1.495
201903 1.407 107.700 1.500
201906 1.223 107.700 1.303
201909 1.205 109.800 1.260
201912 1.440 111.200 1.486
202006 2.501 110.400 2.600
202009 0.000 111.700 0.000
202012 2.757 111.500 2.838
202106 2.808 111.769 2.884
202109 2.857 112.215 2.922
202112 2.847 113.108 2.889
202203 0.000 114.335 0.000
202206 2.730 114.558 2.735
202209 0.000 115.339 0.000
202212 2.059 115.116 2.053
202303 2.104 115.116 2.098
202306 2.167 114.558 2.171
202309 2.147 115.339 2.137
202312 2.207 114.781 2.207

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


Kingsoft  (OTCPK:KSFTF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.20/1.9
=1.68

* 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 Kingsoft was 10.16. The lowest was 1.58. And the median was 3.56.


Be Aware

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


Kingsoft Cyclically Adjusted Book per Share Related Terms

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


Kingsoft (Kingsoft) Business Description

Traded in Other Exchanges
Address
No. 33 Xierqi Middle Road, Xiaomi Campus, Building D, Haidian District, Beijing, CHN, 100085
Kingsoft Corp Ltd is a Chinese software and Internet services company. The company's operating segment includes entertainment software and others and office software and services. It generates maximum revenue from the entertainment software and others segment. The entertainment software and others segment is engaged in the research and development of games, and the provision of online games, mobile games and casual game services. Geographically, it derives a majority of revenue from Mainland China.

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