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Monks Investment Trust (The) (LSE:MNKS) Cyclically Adjusted Book per Share : £9.38 (As of Oct. 2023)


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What is Monks Investment Trust (The) 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.

Monks Investment Trust (The)'s adjusted book value per share data for the fiscal year that ended in Apr. 2023 was £10.585. 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 £9.38 for the trailing ten years ended in Apr. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.60% 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 Monks Investment Trust (The) was 15.50% per year. The lowest was 4.50% per year. And the median was 9.80% per year.

As of today (2024-05-24), Monks Investment Trust (The)'s current stock price is £ 11.82. Monks Investment Trust (The)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Apr. 2023 was £9.38. Monks Investment Trust (The)'s Cyclically Adjusted PB Ratio of today is 1.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Monks Investment Trust (The) was 2.40. The lowest was 0.88. And the median was 1.29.


Monks Investment Trust (The) Cyclically Adjusted Book per Share Historical Data

The historical data trend for Monks Investment Trust (The)'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.

Monks Investment Trust (The) Cyclically Adjusted Book per Share Chart

Monks Investment Trust (The) Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.59 6.08 7.06 8.21 9.38

Monks Investment Trust (The) Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 - 8.21 - 9.38 -

Competitive Comparison of Monks Investment Trust (The)'s Cyclically Adjusted Book per Share

For the Asset Management subindustry, Monks Investment Trust (The)'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.


Monks Investment Trust (The)'s Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Monks Investment Trust (The)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Monks Investment Trust (The)'s Cyclically Adjusted PB Ratio falls into.



Monks Investment Trust (The) 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, Monks Investment Trust (The)'s adjusted Book Value per Share data for the fiscal year that ended in Apr. 2023 was:

Adj_Book=Book Value per Share /CPI of Apr. 2023 (Change)*Current CPI (Apr. 2023)
=10.585/128.3000*128.3000
=10.585

Current CPI (Apr. 2023) = 128.3000.

Monks Investment Trust (The) Annual Data

Book Value per Share CPI Adj_Book
201404 4.269 99.600 5.499
201504 4.784 99.900 6.144
201604 4.725 100.600 6.026
201704 6.609 103.200 8.216
201804 7.629 105.500 9.278
201904 8.522 107.600 10.161
202004 8.784 108.600 10.377
202104 13.554 110.400 15.752
202204 10.890 119.000 11.741
202304 10.585 128.300 10.585

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


Monks Investment Trust (The)  (LSE:MNKS) 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.

Monks Investment Trust (The)'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.82/9.38
=1.26

* 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 Monks Investment Trust (The) was 2.40. The lowest was 0.88. And the median was 1.29.


Be Aware

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


Monks Investment Trust (The) Cyclically Adjusted Book per Share Related Terms

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


Monks Investment Trust (The) (LSE:MNKS) Business Description

Traded in Other Exchanges
Address
120 London Wall, Moor House, London, GBR, EC2Y 5ET
Monks Investment Trust (The) PLC operates as an investment trust. Its investment objective is to invest internationally to achieve capital growth, which takes priority over income and dividends. The company invests principally in a portfolio of internationally quoted equities. It has a presence in North America, Continental Europe, Asia, Japan, and Other Countries. The company invests in Telecommunications, Financials, Consumer Services, Health Care, Consumer Goods, Industrials, Oil and Gas, and Basic Materials.

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