Electricite et Eaux de Madagascar (XPAR:EEM) Cyclically Adjusted PB Ratio : 0.89 (As of Jun. 08, 2024)

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What is Electricite et Eaux de Madagascar Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Electricite et Eaux de Madagascar's current share price is €3.00. Electricite et Eaux de Madagascar's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was €3.37. Electricite et Eaux de Madagascar's Cyclically Adjusted PB Ratio for today is 0.89.

The historical rank and industry rank for Electricite et Eaux de Madagascar's Cyclically Adjusted PB Ratio or its related term are showing as below:

XPAR:EEM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.6 Max: 1.21
Current: 0.89

During the past 13 years, Electricite et Eaux de Madagascar's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.31. And the median was 0.60.

XPAR:EEM's Cyclically Adjusted PB Ratio is ranked worse than
57.37% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs XPAR:EEM: 0.89

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.

Electricite et Eaux de Madagascar's adjusted book value per share data of for the fiscal year that ended in Dec22 was €1.968. 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 €3.37 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation

Electricite et Eaux de Madagascar Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Electricite et Eaux de Madagascar'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.

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Electricite et Eaux de Madagascar Cyclically Adjusted PB Ratio Chart

Electricite et Eaux de Madagascar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cyclically Adjusted PB Ratio

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0.36

0.47

0.59

0.92

1.18

Electricite et Eaux de Madagascar Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	0.92	-	1.18	-

Competitive Comparison of Electricite et Eaux de Madagascar's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Electricite et Eaux de Madagascar'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.

Electricite et Eaux de Madagascar's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Electricite et Eaux de Madagascar's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Electricite et Eaux de Madagascar's Cyclically Adjusted PB Ratio falls into.

Electricite et Eaux de Madagascar 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.

Electricite et Eaux de Madagascar's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	3.00	/	3.37
	=	0.89

Electricite et Eaux de Madagascar's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Electricite et Eaux de Madagascar's adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec22 (Change)	*	Current CPI (Dec22)
	=	1.968	/	114.1600	*	114.1600
	=	1.968

Current CPI (Dec22) = 114.1600.

Electricite et Eaux de Madagascar Annual Data

	Book Value per Share	CPI	Adj_Book
201312	3.322	99.800	3.800
201412	3.523	99.860	4.027
201512	3.816	100.040	4.355
201612	3.682	100.650	4.176
201712	3.554	101.850	3.984
201812	3.089	103.470	3.408
201912	2.801	104.980	3.046
202012	2.532	104.960	2.754
202112	2.057	107.850	2.177
202212	1.968	114.160	1.968

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.

Electricite et Eaux de Madagascar (XPAR:EEM) 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.

Electricite et Eaux de Madagascar Cyclically Adjusted PB Ratio Related Terms

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Electricite et Eaux de Madagascar (XPAR:EEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Electricite et Eaux de Madagascar (XPAR:EEM) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 avenue Victor Hugo, Paris, FRA, 75116

Website

http://www.eem-group.com

Electricite et Eaux de Madagascar is an international investment company. The company is present in the hotel industry in Cambodia and real estate in the Paris region holds a majority stake in Gascogne and a stake in the Societe Francaise de Casinos.