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The Cooper (BSP:C1OO34) Cyclically Adjusted Book per Share : R$13.90 (As of Apr. 2024)


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What is The Cooper 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.

The Cooper's adjusted book value per share for the three months ended in Apr. 2024 was R$20.107. 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 R$13.90 for the trailing ten years ended in Apr. 2024.

During the past 12 months, The Cooper's average Cyclically Adjusted Book Growth Rate was 12.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.10% 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 The Cooper was 37.60% per year. The lowest was -24.90% per year. And the median was 13.10% per year.

As of today (2024-06-10), The Cooper's current stock price is R$46.80. The Cooper's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was R$13.90. The Cooper's Cyclically Adjusted PB Ratio of today is 3.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Cooper was 6.51. The lowest was 2.87. And the median was 4.27.


The Cooper Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Cooper'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.

The Cooper Cyclically Adjusted Book per Share Chart

The Cooper Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.26 10.19 11.33 12.84

The Cooper Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 11.98 11.59 12.84 13.30 13.90

Competitive Comparison of The Cooper's Cyclically Adjusted Book per Share

For the Medical Instruments & Supplies subindustry, The Cooper'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.


The Cooper's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, The Cooper's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Cooper 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, The Cooper's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book= Book Value per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=20.107/131.7762*131.7762
=20.107

Current CPI (Apr. 2024) = 131.7762.

The Cooper Quarterly Data

Book Value per Share CPI Adj_Book
201407 3.060 100.520 4.011
201410 3.269 100.176 4.300
201501 3.411 98.604 4.559
201504 4.085 99.824 5.393
201507 4.463 100.691 5.841
201510 5.354 100.346 7.031
201601 5.447 99.957 7.181
201604 5.035 100.947 6.573
201607 4.591 101.524 5.959
201610 4.401 101.988 5.686
201701 4.595 102.456 5.910
201704 4.722 103.167 6.031
201707 5.054 103.278 6.449
201710 5.194 104.070 6.577
201801 5.169 104.578 6.513
201804 5.533 105.708 6.897
201807 6.279 106.324 7.782
201810 6.321 106.695 7.807
201901 6.489 106.200 8.052
201904 6.972 107.818 8.521
201907 6.885 108.250 8.381
201910 7.542 108.577 9.153
202001 7.869 108.841 9.527
202004 9.820 108.173 11.963
202007 10.096 109.318 12.170
202010 10.954 109.861 13.139
202101 16.369 110.364 19.545
202104 17.438 112.673 20.395
202107 17.794 115.183 20.357
202110 19.507 116.696 22.028
202201 19.461 118.619 21.620
202204 16.911 121.978 18.269
202207 19.281 125.002 20.326
202210 19.108 125.734 20.026
202301 19.275 126.223 20.123
202304 18.711 127.992 19.264
202307 18.252 128.974 18.649
202310 19.271 129.810 19.563
202401 19.047 130.124 19.289
202404 20.107 131.776 20.107

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


The Cooper  (BSP:C1OO34) 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.

The Cooper's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=46.80/13.9
=3.37

* 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 The Cooper was 6.51. The lowest was 2.87. And the median was 4.27.


Be Aware

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


The Cooper Cyclically Adjusted Book per Share Related Terms

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


The Cooper (BSP:C1OO34) Business Description

Traded in Other Exchanges
Address
6101 Bollinger Canyon Road, Suite 500, San Ramon, CA, USA, 94583
The Cooper Companies is one of the largest eye care companies in the U.S. It operates in two segments: CooperVision and CooperSurgical. CooperVision is a pure-play contact lens business and is composed of a suite of spherical, multifocal, and toric contact lenses. The company also has one of the most comprehensive specialty lens portfolios in the world. With brands including Proclear, Biofinity, MyDay, and clariti, Cooper controls roughly a quarter of the U.S. contact lens market. CooperSurgical, founded in 1990, is made up of equipment related to reproductive care, fertility, and women's care. Cooper has the broadest medical device coverage of the entire IVF cycle. It also has Paragard, the only hormone-free IUD in the U.S., and controls 17% of the U.S. IUD market.

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