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Bank Islam Malaysia Bhd (XKLS:5258) Cyclically Adjusted Book per Share : RM3.46 (As of Mar. 2024)


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What is Bank Islam Malaysia Bhd 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.

Bank Islam Malaysia Bhd's adjusted book value per share for the three months ended in Mar. 2024 was RM3.287. 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 RM3.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank Islam Malaysia Bhd's average Cyclically Adjusted Book Growth Rate was 5.80% 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.

As of today (2024-06-07), Bank Islam Malaysia Bhd's current stock price is RM2.41. Bank Islam Malaysia Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM3.46. Bank Islam Malaysia Bhd's Cyclically Adjusted PB Ratio of today is 0.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Islam Malaysia Bhd was 1.15. The lowest was 0.52. And the median was 0.78.


Bank Islam Malaysia Bhd Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bank Islam Malaysia Bhd'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.

Bank Islam Malaysia Bhd Cyclically Adjusted Book per Share Chart

Bank Islam Malaysia Bhd 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 - - 2.92 3.20 3.38

Bank Islam Malaysia Bhd 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 3.27 3.33 3.38 3.38 3.46

Competitive Comparison of Bank Islam Malaysia Bhd's Cyclically Adjusted Book per Share

For the Banks - Regional subindustry, Bank Islam Malaysia Bhd'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.


Bank Islam Malaysia Bhd's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank Islam Malaysia Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank Islam Malaysia Bhd's Cyclically Adjusted PB Ratio falls into.



Bank Islam Malaysia Bhd 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, Bank Islam Malaysia Bhd'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)
=3.287/131.7762*131.7762
=3.287

Current CPI (Mar. 2024) = 131.7762.

Bank Islam Malaysia Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.950 100.560 2.555
201409 2.051 100.428 2.691
201412 1.912 99.070 2.543
201503 2.133 99.621 2.821
201506 2.212 100.684 2.895
201509 2.186 100.392 2.869
201512 2.149 99.792 2.838
201603 2.395 100.470 3.141
201606 2.479 101.688 3.213
201609 2.580 101.861 3.338
201612 2.444 101.863 3.162
201703 2.586 102.862 3.313
201706 2.688 103.349 3.427
201709 2.811 104.136 3.557
201712 2.768 104.011 3.507
201803 2.828 105.290 3.539
201806 2.893 106.317 3.586
201809 3.034 106.507 3.754
201812 2.968 105.998 3.690
201903 3.092 107.251 3.799
201906 3.243 108.070 3.954
201909 3.407 108.329 4.144
201912 3.341 108.420 4.061
202003 3.403 108.902 4.118
202006 3.550 108.767 4.301
202009 3.638 109.815 4.366
202012 3.391 109.897 4.066
202103 3.592 111.754 4.236
202106 3.695 114.631 4.248
202109 3.130 115.734 3.564
202112 3.083 117.630 3.454
202203 3.088 121.301 3.355
202206 3.094 125.017 3.261
202209 3.158 125.227 3.323
202212 3.153 125.222 3.318
202303 3.170 127.348 3.280
202306 3.227 128.729 3.303
202309 3.289 129.860 3.338
202312 3.265 129.419 3.324
202403 3.287 131.776 3.287

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


Bank Islam Malaysia Bhd  (XKLS:5258) 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.

Bank Islam Malaysia Bhd's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.41/3.46
=0.70

* 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 Bank Islam Malaysia Bhd was 1.15. The lowest was 0.52. And the median was 0.78.


Be Aware

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


Bank Islam Malaysia Bhd Cyclically Adjusted Book per Share Related Terms

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


Bank Islam Malaysia Bhd (XKLS:5258) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 22, Jalan Perak, 32nd Floor, Menara Bank Islam, Kuala Lumpur, MYS, 50450
Bank Islam Malaysia Bhd is a Malaysia-based Islamic holding company that is principally engaged in providing financial products and services. The company is involved in Islamic business activities mainly through its investment in Shariah-compliant business entities. The company holds a 100% stake in Bank Islam Malaysia Berhad, which is the first Shariah-based bank in Malaysia and Southeast Asia. The company also has interests in venture capital, unit trusts, stock broking, offshore banking, and others.

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