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Wasco Bhd (XKLS:5142) Cyclically Adjusted PB Ratio : 1.11 (As of Jun. 04, 2024)


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What is Wasco Bhd Cyclically Adjusted PB Ratio?

As of today (2024-06-04), Wasco Bhd's current share price is RM1.50. Wasco Bhd's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was RM1.35. Wasco Bhd's Cyclically Adjusted PB Ratio for today is 1.11.

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

XKLS:5142' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.54   Max: 1.16
Current: 1.11

During the past years, Wasco Bhd's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.29. And the median was 0.54.

XKLS:5142's Cyclically Adjusted PB Ratio is ranked worse than
52.79% of 824 companies
in the Oil & Gas industry
Industry Median: 1.03 vs XKLS:5142: 1.11

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.

Wasco Bhd's adjusted book value per share data for the three months ended in Mar. 2024 was RM0.980. 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 RM1.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wasco Bhd Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wasco Bhd'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.

Wasco Bhd Cyclically Adjusted PB Ratio Chart

Wasco Bhd 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 0.91 0.59 0.48 0.45 0.74

Wasco 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 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 0.57 0.63 0.77 0.74 0.95

Competitive Comparison of Wasco Bhd's Cyclically Adjusted PB Ratio

For the Oil & Gas Equipment & Services subindustry, Wasco 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.


Wasco Bhd's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Wasco Bhd's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Wasco Bhd 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.

Wasco Bhd's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.50/1.35
=1.11

* 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.

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

For example, Wasco 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)
=0.98/131.7762*131.7762
=0.980

Current CPI (Mar. 2024) = 131.7762.

Wasco Bhd Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.298 100.560 1.701
201409 1.320 100.428 1.732
201412 1.379 99.070 1.834
201503 1.402 99.621 1.855
201506 1.437 100.684 1.881
201509 1.505 100.392 1.975
201512 1.444 99.792 1.907
201603 1.390 100.470 1.823
201606 1.394 101.688 1.806
201609 1.364 101.861 1.765
201612 0.999 101.863 1.292
201703 1.007 102.862 1.290
201706 1.019 103.349 1.299
201709 1.053 104.136 1.332
201712 1.148 104.011 1.454
201803 1.180 105.290 1.477
201806 1.216 106.317 1.507
201809 1.254 106.507 1.552
201812 1.234 105.998 1.534
201903 1.264 107.251 1.553
201906 1.293 108.070 1.577
201909 1.308 108.329 1.591
201912 1.266 108.420 1.539
202003 1.219 108.902 1.475
202006 1.181 108.767 1.431
202009 0.847 109.815 1.016
202012 0.909 109.897 1.090
202103 0.917 111.754 1.081
202106 0.925 114.631 1.063
202109 0.910 115.734 1.036
202112 0.760 117.630 0.851
202203 0.765 121.301 0.831
202206 0.790 125.017 0.833
202209 0.824 125.227 0.867
202212 0.749 125.222 0.788
202303 0.769 127.348 0.796
202306 0.804 128.729 0.823
202309 0.833 129.860 0.845
202312 0.910 129.419 0.927
202403 0.980 131.776 0.980

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.


Wasco Bhd  (XKLS:5142) 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.


Wasco Bhd Cyclically Adjusted PB Ratio Related Terms

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


Wasco Bhd (XKLS:5142) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wasco Bhd (XKLS:5142) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
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Address
The Gardens North Tower, Suite 19.01, Level 19, Mid Valley City, Lingkaran Syed Putra, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Wasco Bhd, formerly Wah Seong Corp Bhd is engaged in the business of specialized pipe coating and corrosion protection services; Engineering, Procurement, and Construction (EPC) of gas compressors and process equipment; renewable energy and infrastructure materials and services. Its segments include the Energy solutions services division; the Renewable energy division; the Industrial trading & services division; and Others. It derives the majority of its revenue from the Energy solutions services division that provides pipe coating, pipe manufacturing for the oil and gas industry, building and operating offshore/onshore field development facilities, and the provision of specialized equipment and services to the power generation, oleochemical, and petrochemical industries.

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