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B Communications (XTAE:BCOM) Cyclically Adjusted Book per Share : ₪21.35 (As of Mar. 2024)


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What is B Communications 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.

B Communications's adjusted book value per share for the three months ended in Mar. 2024 was ₪2.150. 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 ₪21.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, B Communications's average Cyclically Adjusted Book Growth Rate was -12.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -14.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -12.10% 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 B Communications was 4.80% per year. The lowest was -14.50% per year. And the median was -6.90% per year.

As of today (2024-06-10), B Communications's current stock price is ₪12.05. B Communications's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪21.35. B Communications's Cyclically Adjusted PB Ratio of today is 0.56.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of B Communications was 3.07. The lowest was 0.08. And the median was 0.62.


B Communications Cyclically Adjusted Book per Share Historical Data

The historical data trend for B Communications'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.

B Communications Cyclically Adjusted Book per Share Chart

B Communications 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 38.73 34.35 32.89 27.27 21.45

B Communications 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 24.46 23.57 22.61 21.45 21.35

Competitive Comparison of B Communications's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, B Communications'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.


B Communications's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, B Communications's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



B Communications 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, B Communications'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)
=2.15/131.7762*131.7762
=2.150

Current CPI (Mar. 2024) = 131.7762.

B Communications Quarterly Data

Book Value per Share CPI Adj_Book
201406 29.911 100.560 39.196
201409 29.610 100.428 38.853
201412 32.152 99.070 42.767
201503 33.926 99.621 44.876
201506 32.520 100.684 42.563
201509 32.676 100.392 42.891
201512 34.963 99.792 46.169
201603 58.215 100.470 76.354
201606 47.710 101.688 61.827
201609 39.111 101.861 50.597
201612 39.145 101.863 50.641
201703 40.517 102.862 51.906
201706 41.888 103.349 53.410
201709 43.077 104.136 54.511
201712 41.688 104.011 52.816
201803 19.572 105.290 24.496
201806 32.320 106.317 40.060
201809 33.323 106.507 41.229
201812 7.628 105.998 9.483
201903 10.517 107.251 12.922
201906 -16.928 108.070 -20.641
201909 -5.459 108.329 -6.641
201912 -2.072 108.420 -2.518
202003 -1.075 108.902 -1.301
202006 -0.757 108.767 -0.917
202009 -1.255 109.815 -1.506
202012 -0.920 109.897 -1.103
202103 -0.146 111.754 -0.172
202106 0.301 114.631 0.346
202109 0.576 115.734 0.656
202112 0.139 117.630 0.156
202203 0.554 121.301 0.602
202206 0.509 125.017 0.537
202209 0.829 125.227 0.872
202212 0.503 125.222 0.529
202303 1.054 127.348 1.091
202306 1.082 128.729 1.108
202309 1.426 129.860 1.447
202312 1.789 129.419 1.822
202403 2.150 131.776 2.150

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


B Communications  (XTAE:BCOM) 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.

B Communications's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.05/21.35
=0.56

* 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 B Communications was 3.07. The lowest was 0.08. And the median was 0.62.


Be Aware

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


B Communications Cyclically Adjusted Book per Share Related Terms

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


B Communications (XTAE:BCOM) Business Description

Traded in Other Exchanges
Address
144 Menachem Begin Road, Tel Aviv, ISR, 6492102
B Communications Ltd is a holding company with a single asset, a controlling interest in Bezeq, an Israeli triple play telecommunications company. Bezeq generates revenue through the provision of mobile, broadband, and data. It operates through four business segments: Bezeq, Pelephone Communications Ltd, Bezeq International Ltd, and DBS Satellite Services. The Bezeq segment generates revenue from fixed line communications. Bezeq's other division, Pelephone, derives revenue from the provision of mobile services. The last two segments, Bezeq International and DBS Satellite Services, produce revenue from the provision of Internet services and satellite TV services, respectively. Bezeq is an owner of telecommunications infrastructure, such as fibre networks.

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