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Vulcan Materials Co (BSP:V1MC34) Cyclically Adjusted Book per Share : R$4.13 (As of Mar. 2024)


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What is Vulcan Materials Co 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.

Vulcan Materials Co's adjusted book value per share for the three months ended in Mar. 2024 was R$4.703. 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$4.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vulcan Materials Co's average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.60% 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 Vulcan Materials Co was 11.00% per year. The lowest was 2.60% per year. And the median was 7.70% per year.

As of today (2024-05-26), Vulcan Materials Co's current stock price is R$22.14. Vulcan Materials Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$4.13. Vulcan Materials Co's Cyclically Adjusted PB Ratio of today is 5.36.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vulcan Materials Co was 5.71. The lowest was 1.60. And the median was 3.59.


Vulcan Materials Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vulcan Materials Co'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.

Vulcan Materials Co Cyclically Adjusted Book per Share Chart

Vulcan Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.90 3.81 3.86 3.87

Vulcan Materials Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.93 3.75 4.14 3.87 4.13

Competitive Comparison of Vulcan Materials Co's Cyclically Adjusted Book per Share

For the Building Materials subindustry, Vulcan Materials Co'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.


Vulcan Materials Co's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Vulcan Materials Co 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, Vulcan Materials Co'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)
=4.703/131.7762*131.7762
=4.703

Current CPI (Mar. 2024) = 131.7762.

Vulcan Materials Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.163 100.560 1.524
201409 1.243 100.428 1.631
201412 1.394 99.070 1.854
201503 1.642 99.621 2.172
201506 1.648 100.684 2.157
201509 2.129 100.392 2.795
201512 2.163 99.792 2.856
201603 2.043 100.470 2.680
201606 1.921 101.688 2.489
201609 1.846 101.861 2.388
201612 1.931 101.863 2.498
201703 1.782 102.862 2.283
201706 1.912 103.349 2.438
201709 1.849 104.136 2.340
201712 2.062 104.011 2.612
201803 2.030 105.290 2.541
201806 2.386 106.317 2.957
201809 2.669 106.507 3.302
201812 2.556 105.998 3.178
201903 2.529 107.251 3.107
201906 2.610 108.070 3.183
201909 2.875 108.329 3.497
201912 2.905 108.420 3.531
202003 3.438 108.902 4.160
202006 3.763 108.767 4.559
202009 4.028 109.815 4.834
202012 3.900 109.897 4.676
202103 4.344 111.754 5.122
202106 3.975 114.631 4.570
202109 4.261 115.734 4.852
202112 4.648 117.630 5.207
202203 4.104 121.301 4.458
202206 4.255 125.017 4.485
202209 4.508 125.227 4.744
202212 4.558 125.222 4.797
202303 4.557 127.348 4.715
202306 4.384 128.729 4.488
202309 4.608 129.860 4.676
202312 4.626 129.419 4.710
202403 4.703 131.776 4.703

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


Vulcan Materials Co  (BSP:V1MC34) 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.

Vulcan Materials Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.14/4.13
=5.36

* 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 Vulcan Materials Co was 5.71. The lowest was 1.60. And the median was 3.59.


Be Aware

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


Vulcan Materials Co Cyclically Adjusted Book per Share Related Terms

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


Vulcan Materials Co (BSP:V1MC34) Business Description

Traded in Other Exchanges
Address
1200 Urban Center Drive, Birmingham, AL, USA, 35242
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2022, Vulcan sold 263.4 million tons of aggregates, 12.2 million tons of asphalt mix, and 10.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.

Vulcan Materials Co (BSP:V1MC34) Headlines

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