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Vingroup JSC (STC:VIC) Cyclically Adjusted Book per Share : ₫20,508.10 (As of Mar. 2024)


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What is Vingroup JSC 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.

Vingroup JSC's adjusted book value per share for the three months ended in Mar. 2024 was ₫34,898.054. 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 ₫20,508.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vingroup JSC's average Cyclically Adjusted Book Growth Rate was 16.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 22.20% 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 Vingroup JSC was 22.20% per year. The lowest was 22.20% per year. And the median was 22.20% per year.

As of today (2024-05-20), Vingroup JSC's current stock price is ₫46700.00. Vingroup JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₫20,508.10. Vingroup JSC's Cyclically Adjusted PB Ratio of today is 2.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vingroup JSC was 11.19. The lowest was 2.11. And the median was 4.25.


Vingroup JSC Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vingroup JSC'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.

Vingroup JSC Cyclically Adjusted Book per Share Chart

Vingroup JSC 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 - 10,672.50 13,561.80 16,399.80 19,458.60

Vingroup JSC 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 17,308.70 18,097.20 18,926.40 19,458.60 20,508.10

Competitive Comparison of Vingroup JSC's Cyclically Adjusted Book per Share

For the Real Estate Services subindustry, Vingroup JSC'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.


Vingroup JSC's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Vingroup JSC 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, Vingroup JSC'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)
=34898.054/131.7762*131.7762
=34,898.054

Current CPI (Mar. 2024) = 131.7762.

Vingroup JSC Quarterly Data

Book Value per Share CPI Adj_Book
201406 5,896.891 100.560 7,727.464
201409 5,866.961 100.428 7,698.325
201412 6,494.086 99.070 8,638.019
201503 6,631.629 99.621 8,772.146
201506 8,702.634 100.684 11,390.103
201509 8,862.698 100.392 11,633.382
201512 7,193.900 99.792 9,499.569
201603 7,745.856 100.470 10,159.405
201606 7,893.232 101.688 10,228.730
201609 7,795.667 101.861 10,085.149
201612 8,320.740 101.863 10,764.249
201703 7,845.711 102.862 10,051.097
201706 8,050.779 103.349 10,265.218
201709 8,267.321 104.136 10,461.707
201712 9,471.002 104.011 11,999.226
201803 9,927.908 105.290 12,425.379
201806 12,542.165 106.317 15,545.604
201809 15,328.262 106.507 18,965.005
201812 15,789.438 105.998 19,629.371
201903 16,181.539 107.251 19,881.881
201906 24,366.083 108.070 29,711.156
201909 21,016.004 108.329 25,564.705
201912 20,937.420 108.420 25,447.806
202003 21,324.292 108.902 25,803.448
202006 22,204.918 108.767 26,902.201
202009 22,409.522 109.815 26,891.084
202012 21,611.855 109.897 25,914.568
202103 22,177.167 111.754 26,150.405
202106 24,329.132 114.631 27,967.909
202109 26,693.717 115.734 30,393.726
202112 26,975.211 117.630 30,219.382
202203 27,500.223 121.301 29,875.062
202206 28,335.933 125.017 29,867.998
202209 29,774.880 125.227 31,332.190
202212 29,593.817 125.222 31,142.826
202303 29,910.125 127.348 30,950.221
202306 30,317.978 128.729 31,035.720
202309 32,966.728 129.860 33,453.310
202312 30,427.736 129.419 30,981.842
202403 34,898.054 131.776 34,898.054

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


Vingroup JSC  (STC:VIC) 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.

Vingroup JSC's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=46700.00/20508.1
=2.28

* 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 Vingroup JSC was 11.19. The lowest was 2.11. And the median was 4.25.


Be Aware

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


Vingroup JSC Cyclically Adjusted Book per Share Related Terms

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


Vingroup JSC (STC:VIC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vingroup JSC (STC:VIC) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
No. 7, Bang Lang 1 Street, Vinhomes Riverside Ecological Area, Viet Hung Ward, Long Bien District, Hanoi, VNM
Vingroup JSC is a Vietnam-based company engaged in construction and provides retail outlets, commercial offices for lease, residential units for lease and sale. It also carries out investment activities, to provide the management service and to conduct other businesses. The company operates through the segments of Sale of inventory properties, Leasing investment properties and related services, Hospitality, entertainment and other services, Health care and related services, Education services, Retail services, Manufacturing activities, and Others. The company generates the majority of its revenue from Sale of inventory properties including developing and trading apartments and villas at real estate projects of the group.

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