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Anchor Land Holdings (PHS:ALHI) Cyclically Adjusted Book per Share : ₱8.03 (As of Mar. 2024)


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What is Anchor Land Holdings 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.

Anchor Land Holdings's adjusted book value per share for the three months ended in Mar. 2024 was ₱7.959. 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 ₱8.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Anchor Land Holdings's average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.90% 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 Anchor Land Holdings was 11.90% per year. The lowest was 11.90% per year. And the median was 11.90% per year.

As of today (2024-06-05), Anchor Land Holdings's current stock price is ₱5.28. Anchor Land Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱8.03. Anchor Land Holdings's Cyclically Adjusted PB Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Anchor Land Holdings was 2.45. The lowest was 0.51. And the median was 1.11.


Anchor Land Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Anchor Land Holdings'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.

Anchor Land Holdings Cyclically Adjusted Book per Share Chart

Anchor Land Holdings 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 - 5.26 5.64 6.55 7.38

Anchor Land Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 7.38 7.54 7.71 7.86 8.03

Competitive Comparison of Anchor Land Holdings's Cyclically Adjusted Book per Share

For the Real Estate - Development subindustry, Anchor Land Holdings'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.


Anchor Land Holdings's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Anchor Land Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Anchor Land Holdings 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, Anchor Land Holdings'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)
=7.959/131.7762*131.7762
=7.959

Current CPI (Mar. 2024) = 131.7762.

Anchor Land Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.712 99.695 6.228
201406 4.716 100.560 6.180
201409 4.760 100.428 6.246
201412 3.749 99.070 4.987
201503 5.080 99.621 6.720
201506 5.203 100.684 6.810
201509 5.264 100.392 6.910
201512 5.325 99.792 7.032
201603 5.432 100.470 7.125
201606 5.503 101.688 7.131
201609 5.641 101.861 7.298
201612 5.795 101.863 7.497
201703 5.928 102.862 7.594
201706 6.009 103.349 7.662
201709 6.137 104.136 7.766
201712 6.288 104.011 7.967
201803 6.387 105.290 7.994
201806 6.413 106.317 7.949
201809 6.554 106.507 8.109
201812 6.726 105.998 8.362
201903 6.849 107.251 8.415
201906 6.918 108.070 8.436
201909 7.117 108.329 8.657
201912 7.399 108.420 8.993
202003 7.597 108.902 9.193
202006 7.534 108.767 9.128
202009 7.591 109.815 9.109
202012 7.652 109.897 9.175
202103 7.775 111.754 9.168
202106 7.829 114.631 9.000
202109 7.922 115.734 9.020
202112 8.036 117.630 9.002
202203 8.182 121.301 8.889
202206 8.277 125.017 8.725
202209 8.384 125.227 8.823
202212 8.500 125.222 8.945
202303 8.653 127.348 8.954
202306 8.748 128.729 8.955
202309 8.887 129.860 9.018
202403 7.959 131.776 7.959

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


Anchor Land Holdings  (PHS:ALHI) 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.

Anchor Land Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.28/8.03
=0.66

* 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 Anchor Land Holdings was 2.45. The lowest was 0.51. And the median was 1.11.


Be Aware

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


Anchor Land Holdings Cyclically Adjusted Book per Share Related Terms

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


Anchor Land Holdings (PHS:ALHI) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6752 Ayala Avenue corner Makati Avenue, 15th Floor, L.V. Locsin Building, Makati, PHL, 1228
Anchor Land Holdings Inc operates in the real estate industry, specializing in the development of sophisticated and luxurious residential condominiums. The company's aggregated operation includes condominium sales, leasing and hotel, and property management. The group operates only in the Philippines.

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