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Metro Pacific Investments (PHS:MPI) Cyclically Adjusted PB Ratio : 0.82 (As of May. 21, 2024)


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What is Metro Pacific Investments Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Metro Pacific Investments's current share price is ₱5.18. Metro Pacific Investments's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was ₱6.28. Metro Pacific Investments's Cyclically Adjusted PB Ratio for today is 0.82.

The historical rank and industry rank for Metro Pacific Investments's Cyclically Adjusted PB Ratio or its related term are showing as below:

PHS:MPI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.8   Max: 1.89
Current: 0.83

During the past years, Metro Pacific Investments's highest Cyclically Adjusted PB Ratio was 1.89. The lowest was 0.56. And the median was 0.80.

PHS:MPI's Cyclically Adjusted PB Ratio is not ranked
in the Conglomerates industry.
Industry Median: 0.97 vs PHS:MPI: 0.83

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.

Metro Pacific Investments's adjusted book value per share data for the three months ended in Jun. 2023 was ₱7.259. 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 ₱6.28 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metro Pacific Investments Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Metro Pacific Investments'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.

Metro Pacific Investments Cyclically Adjusted PB Ratio Chart

Metro Pacific Investments Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 0.80 0.91 0.73 0.57

Metro Pacific Investments Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 0.61 0.57 0.57 0.60 0.76

Competitive Comparison of Metro Pacific Investments's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Metro Pacific Investments'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.


Metro Pacific Investments's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Metro Pacific Investments's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Metro Pacific Investments 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.

Metro Pacific Investments's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.18/6.28
=0.82

* 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.

Metro Pacific Investments's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Metro Pacific Investments's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=7.259/128.7287*128.7287
=7.259

Current CPI (Jun. 2023) = 128.7287.

Metro Pacific Investments Quarterly Data

Book Value per Share CPI Adj_Book
201309 3.530 98.790 4.600
201312 3.629 98.326 4.751
201403 3.651 99.695 4.714
201406 3.725 100.560 4.768
201409 3.951 100.428 5.064
201412 3.638 99.070 4.727
201503 4.082 99.621 5.275
201506 4.196 100.684 5.365
201509 4.242 100.392 5.439
201512 4.297 99.792 5.543
201603 4.323 100.470 5.539
201606 4.509 101.688 5.708
201609 4.740 101.861 5.990
201612 4.826 101.863 6.099
201703 4.859 102.862 6.081
201706 5.014 103.349 6.245
201709 5.077 104.136 6.276
201712 5.114 104.011 6.329
201803 5.166 105.290 6.316
201806 5.326 106.317 6.449
201809 5.397 106.507 6.523
201812 5.496 105.998 6.675
201903 5.514 107.251 6.618
201906 5.641 108.070 6.719
201909 5.725 108.329 6.803
201912 6.046 108.420 7.179
202003 5.931 108.902 7.011
202006 6.039 108.767 7.147
202009 6.050 109.815 7.092
202012 6.025 109.897 7.057
202103 6.133 111.754 7.065
202106 6.257 114.631 7.026
202109 6.339 115.734 7.051
202112 6.428 117.630 7.035
202203 6.608 121.301 7.013
202206 6.799 125.017 7.001
202209 6.949 125.227 7.143
202212 6.970 125.222 7.165
202303 7.085 127.348 7.162
202306 7.259 128.729 7.259

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.


Metro Pacific Investments  (PHS:MPI) 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.


Metro Pacific Investments Cyclically Adjusted PB Ratio Related Terms

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


Metro Pacific Investments (PHS:MPI) Business Description

Traded in Other Exchanges
N/A
Address
Ortigas Avenue, 9th Floor, Tower 1, Rockwell Business Center, Pasig City, PHL, 1604
Metro Pacific Investments Corp is an investment and infrastructure holding company. The company operates in the northern Philippines through various subsidiaries. Its chief segments include water, which supplies water and sewage services; power, which focuses on the distribution of energy; toll roads; light rail, which maintains rail transit and construction; and logistics, which manages warehousing, delivery, trucking, and shipping. The majority of the company's revenue is derived from its water and power segments. The company provides services for commercial, industrial, and residential customers.

Metro Pacific Investments (PHS:MPI) Headlines

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