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Robinsons Land (PHS:RLC) Cyclically Adjusted Book per Share : ₱22.22 (As of Mar. 2024)


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What is Robinsons Land 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.

Robinsons Land's adjusted book value per share for the three months ended in Mar. 2024 was ₱28.844. 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 ₱22.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Robinsons Land's average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.70% 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 Robinsons Land was 12.20% per year. The lowest was 8.30% per year. And the median was 10.55% per year.

As of today (2024-06-08), Robinsons Land's current stock price is ₱15.74. Robinsons Land's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱22.22. Robinsons Land's Cyclically Adjusted PB Ratio of today is 0.71.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Robinsons Land was 2.08. The lowest was 0.66. And the median was 1.09.


Robinsons Land Cyclically Adjusted Book per Share Historical Data

The historical data trend for Robinsons Land'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.

Robinsons Land Cyclically Adjusted Book per Share Chart

Robinsons Land Annual Data
Trend Sep14 Sep15 Sep16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.21 15.22 17.39 19.63 21.50

Robinsons Land 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 20.26 20.77 21.25 21.50 22.22

Competitive Comparison of Robinsons Land's Cyclically Adjusted Book per Share

For the Real Estate - Diversified subindustry, Robinsons Land'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.


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

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

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



Robinsons Land 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, Robinsons Land'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)
=28.844/131.7762*131.7762
=28.844

Current CPI (Mar. 2024) = 131.7762.

Robinsons Land Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.160 99.695 16.073
201406 12.200 100.560 15.987
201409 12.382 100.428 16.247
201412 12.712 99.070 16.909
201503 13.042 99.621 17.252
201506 13.062 100.684 17.096
201509 13.379 100.392 17.562
201512 13.769 99.792 18.182
201603 13.847 100.470 18.162
201606 14.181 101.688 18.377
201609 14.776 101.861 19.116
201703 14.756 102.862 18.904
201706 15.115 103.349 19.273
201709 15.516 104.136 19.634
201712 15.842 104.011 20.071
201803 17.053 105.290 21.343
201806 17.031 106.317 21.109
201809 17.658 106.507 21.847
201812 18.004 105.998 22.383
201903 18.357 107.251 22.555
201906 18.275 108.070 22.284
201909 18.790 108.329 22.857
201912 19.159 108.420 23.286
202003 19.758 108.902 23.908
202006 19.358 108.767 23.453
202009 19.496 109.815 23.395
202012 19.608 109.897 23.512
202103 20.171 111.754 23.785
202106 20.411 114.631 23.464
202109 24.331 115.734 27.704
202112 24.371 117.630 27.302
202203 24.219 121.301 26.310
202206 24.849 125.017 26.193
202209 25.282 125.227 26.604
202212 25.595 125.222 26.935
202303 26.364 127.348 27.281
202306 26.615 128.729 27.245
202309 27.336 129.860 27.739
202312 28.003 129.419 28.513
202403 28.844 131.776 28.844

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


Robinsons Land  (PHS:RLC) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.74/22.22
=0.71

* 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 Robinsons Land was 2.08. The lowest was 0.66. And the median was 1.09.


Be Aware

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


Robinsons Land Cyclically Adjusted Book per Share Related Terms

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


Robinsons Land (PHS:RLC) Business Description

Industry
Traded in Other Exchanges
Address
EDSA corner Ortigas Avenue, Level 2, Galleria Corporate Center, Metro Manila, Quezon City, PHL, 1100
Robinsons Land Corp is a real estate developer in the Philippines. The company's two operating strategies are to take on development projects or investment projects. In taking investment projects, the company develops, owns and operates commercial real estate projects (shopping malls, office buildings and hotels). For the development projects, the company develops residential real estate projects for sale (residential condominiums, upper-middle to high-end residential developments and low-and-middle-cost lots). The company has four official business divisions: commercial centres, residential, office buildings, and hotels. The commercial centers division accounts for the majority of Robinsons Land Corporation's revenue.

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