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Vivant (PHS:VVT) Cyclically Adjusted Book per Share : ₱14.56 (As of Mar. 2024)


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What is Vivant 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.

Vivant's adjusted book value per share for the three months ended in Mar. 2024 was ₱18.082. 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 ₱14.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vivant's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.30% 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 Vivant was 18.10% per year. The lowest was 16.20% per year. And the median was 16.60% per year.

As of today (2024-06-01), Vivant's current stock price is ₱16.02. Vivant's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱14.56. Vivant's Cyclically Adjusted PB Ratio of today is 1.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vivant was 3.07. The lowest was 0.98. And the median was 1.49.


Vivant Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vivant'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.

Vivant Cyclically Adjusted Book per Share Chart

Vivant 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 7.81 9.05 10.96 12.88 14.21

Vivant 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 13.37 13.78 14.16 14.21 14.56

Competitive Comparison of Vivant's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Vivant'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.


Vivant's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Vivant's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Vivant 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, Vivant'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)
=18.082/131.7762*131.7762
=18.082

Current CPI (Mar. 2024) = 131.7762.

Vivant Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.943 100.560 9.098
201409 7.278 100.428 9.550
201412 7.457 99.070 9.919
201503 7.725 99.621 10.218
201506 7.797 100.684 10.205
201509 8.162 100.392 10.714
201512 8.237 99.792 10.877
201603 8.455 100.470 11.090
201606 8.631 101.688 11.185
201609 8.994 101.861 11.635
201612 9.240 101.863 11.953
201703 9.474 102.862 12.137
201706 9.507 103.349 12.122
201709 9.816 104.136 12.421
201712 10.458 104.011 13.250
201803 10.708 105.290 13.402
201806 10.661 106.317 13.214
201809 11.337 106.507 14.027
201812 11.857 105.998 14.741
201903 12.275 107.251 15.082
201906 12.582 108.070 15.342
201909 13.281 108.329 16.156
201912 13.762 108.420 16.727
202003 14.076 108.902 17.033
202006 14.031 108.767 16.999
202009 14.447 109.815 17.336
202012 13.473 109.897 16.155
202103 15.232 111.754 17.961
202106 15.436 114.631 17.745
202109 15.965 115.734 18.178
202112 14.963 117.630 16.763
202203 16.640 121.301 18.077
202206 16.613 125.017 17.511
202209 17.093 125.227 17.987
202212 16.116 125.222 16.960
202303 16.677 127.348 17.257
202306 16.972 128.729 17.374
202309 17.555 129.860 17.814
202312 17.862 129.419 18.187
202403 18.082 131.776 18.082

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


Vivant  (PHS:VVT) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.02/14.56
=1.10

* 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 Vivant was 3.07. The lowest was 0.98. And the median was 1.49.


Be Aware

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


Vivant Cyclically Adjusted Book per Share Related Terms

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


Vivant (PHS:VVT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
A.S. Fortuna Street, 9th Floor, Oakridge IT Center 3, Oakridge Business Park, Brgy. Banilad, Cebu, Mandaue, PHL, 6014
Vivant Corp is a part of the utility sector. The company is in the business of electric power generation, electric power distribution, retail electricity supply and water infrastructure in the Philippines. The company operates through three segments, which are power generation and distribution operations, infrastructure and water treatment and desalination and investment in shares of stock. The major revenue driver for the company is the power generation segment. The revenue from the share investment segment comes from equity in net earnings and management fees from investee companies.

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