GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Keppel Philippines Holdings Inc (PHS:KPH) » Definitions » Cyclically Adjusted PB Ratio

Keppel Philippines Holdings (PHS:KPH) Cyclically Adjusted PB Ratio : 1.56 (As of May. 26, 2024)


View and export this data going back to 1987. Start your Free Trial

What is Keppel Philippines Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Keppel Philippines Holdings's current share price is ₱22.95. Keppel Philippines Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₱14.67. Keppel Philippines Holdings's Cyclically Adjusted PB Ratio for today is 1.56.

The historical rank and industry rank for Keppel Philippines Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

PHS:KPH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.5   Max: 1.56
Current: 1.56

During the past years, Keppel Philippines Holdings's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.29. And the median was 0.50.

PHS:KPH's Cyclically Adjusted PB Ratio is ranked worse than
79.6% of 1338 companies
in the Real Estate industry
Industry Median: 0.71 vs PHS:KPH: 1.56

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.

Keppel Philippines Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was ₱25.508. 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 ₱14.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keppel Philippines Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Keppel Philippines Holdings's Cyclically Adjusted PB Ratio 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.

Keppel Philippines Holdings Cyclically Adjusted PB Ratio Chart

Keppel Philippines Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.51 0.49 0.51 0.50 0.35

Keppel Philippines Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.38 0.38 0.29 0.35 0.60

Competitive Comparison of Keppel Philippines Holdings's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Keppel Philippines Holdings'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.


Keppel Philippines Holdings's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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



Keppel Philippines Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Keppel Philippines Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.95/14.67
=1.56

* 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.

Keppel Philippines Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Keppel Philippines Holdings'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)
=25.508/131.7762*131.7762
=25.508

Current CPI (Mar. 2024) = 131.7762.

Keppel Philippines Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.489 100.560 12.435
201409 9.414 100.428 12.353
201412 9.516 99.070 12.658
201503 9.578 99.621 12.670
201506 9.623 100.684 12.595
201509 9.580 100.392 12.575
201512 9.647 99.792 12.739
201603 9.681 100.470 12.698
201606 9.759 101.688 12.647
201609 9.720 101.861 12.575
201612 10.049 101.863 13.000
201703 10.092 102.862 12.929
201706 9.956 103.349 12.694
201709 10.178 104.136 12.880
201712 10.732 104.011 13.597
201803 10.842 105.290 13.569
201806 11.033 106.317 13.675
201809 10.966 106.507 13.568
201812 10.983 105.998 13.654
201903 11.090 107.251 13.626
201906 11.221 108.070 13.682
201909 11.183 108.329 13.603
201912 11.239 108.420 13.660
202003 11.362 108.902 13.749
202006 11.424 108.767 13.841
202009 11.383 109.815 13.659
202012 11.454 109.897 13.734
202103 11.444 111.754 13.494
202106 16.148 114.631 18.563
202109 16.174 115.734 18.416
202112 16.187 117.630 18.134
202203 16.232 121.301 17.634
202206 16.323 125.017 17.206
202209 16.302 125.227 17.155
202212 16.459 125.222 17.321
202303 16.513 127.348 17.087
202306 16.587 128.729 16.980
202309 16.783 129.860 17.031
202312 16.854 129.419 17.161
202403 25.508 131.776 25.508

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


Keppel Philippines Holdings  (PHS:KPH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Keppel Philippines Holdings Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Keppel Philippines Holdings's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Keppel Philippines Holdings (PHS:KPH) Business Description

Traded in Other Exchanges
Address
Unit 3B, Country Space 1 Building, 133 Sen. Gil J Puyat Avenue, Salcedo Village, Barangay Bel-Air, Makati, PHL, 1200
Keppel Philippines Holdings Inc is an investment holding company, which engages in real estate business in the Philippines. It owns and leases office spaces, parcels of land and land improvements. The company generates maximum revenue from the real estate segment.

Keppel Philippines Holdings (PHS:KPH) Headlines

No Headlines