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JG Summit Holdings (PHS:JGS) Cyclically Adjusted Book per Share : ₱44.53 (As of Mar. 2024)


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What is JG Summit 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.

JG Summit Holdings's adjusted book value per share for the three months ended in Mar. 2024 was ₱46.661. 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 ₱44.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, JG Summit Holdings's average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.80% 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 JG Summit Holdings was 11.90% per year. The lowest was 10.00% per year. And the median was 10.80% per year.

As of today (2024-05-27), JG Summit Holdings's current stock price is ₱32.00. JG Summit Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱44.53. JG Summit Holdings's Cyclically Adjusted PB Ratio of today is 0.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of JG Summit Holdings was 3.64. The lowest was 0.65. And the median was 1.88.


JG Summit Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for JG Summit 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.

JG Summit Holdings Cyclically Adjusted Book per Share Chart

JG Summit Holdings 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 29.57 32.46 36.85 40.78 43.43

JG Summit Holdings 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 41.82 42.60 43.29 43.43 44.53

Competitive Comparison of JG Summit Holdings's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, JG Summit 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.


JG Summit Holdings's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, JG Summit Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



JG Summit 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, JG Summit 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)
=46.661/131.7762*131.7762
=46.661

Current CPI (Mar. 2024) = 131.7762.

JG Summit Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 27.318 100.560 35.798
201409 27.923 100.428 36.639
201412 28.178 99.070 37.481
201503 29.522 99.621 39.051
201506 30.296 100.684 39.652
201509 29.235 100.392 38.375
201512 29.702 99.792 39.222
201603 30.806 100.470 40.405
201606 31.975 101.688 41.436
201609 31.979 101.861 41.371
201612 31.846 101.863 41.198
201703 33.429 102.862 42.826
201706 34.355 103.349 43.805
201709 34.970 104.136 44.252
201712 35.612 104.011 45.118
201803 36.170 105.290 45.269
201806 36.182 106.317 44.846
201809 36.939 106.507 45.703
201812 36.770 105.998 45.712
201903 37.917 107.251 46.588
201906 39.329 108.070 47.956
201909 39.744 108.329 48.346
201912 40.523 108.420 49.253
202003 41.087 108.902 49.717
202006 40.858 108.767 49.501
202009 41.250 109.815 49.499
202012 40.995 109.897 49.157
202103 40.641 111.754 47.922
202106 40.624 114.631 46.700
202109 42.989 115.734 48.948
202112 44.583 117.630 49.945
202203 44.046 121.301 47.850
202206 43.222 125.017 45.559
202209 42.986 125.227 45.234
202212 42.539 125.222 44.766
202303 43.567 127.348 45.082
202306 43.597 128.729 44.629
202309 43.792 129.860 44.438
202312 44.662 129.419 45.475
202403 46.661 131.776 46.661

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


JG Summit Holdings  (PHS:JGS) 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.

JG Summit Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.00/44.53
=0.72

* 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 JG Summit Holdings was 3.64. The lowest was 0.65. And the median was 1.88.


Be Aware

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


JG Summit Holdings Cyclically Adjusted Book per Share Related Terms

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


JG Summit Holdings (PHS:JGS) Business Description

Industry
Traded in Other Exchanges
Address
ADB Avenue Corner, Poveda Road, 43rd Floor, Robinsons-Equitable Tower, Ortigas Center, Metro Manila, Pasig City, RIZ, PHL, 1600
JG Summit Holdings Inc is a diversified Filipino conglomerate, engaged in foods, agro-industrial and commodities, real estate and hotel, air transportation, banking and petrochemicals. The company also has investments in telecommunications and power generation and distribution. It also has a branded consumer foods business in China, ASEAN and an investment in a property development company in Singapore. The Group conducts businesses throughout the Philippines, but primarily in and around Metro Manila and in the regions of Luzon, Visayas and Mindanao.

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