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Owens & Minor (FRA:6OM) Cyclically Adjusted Book per Share : €14.16 (As of Mar. 2024)


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What is Owens & Minor 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.

Owens & Minor's adjusted book value per share for the three months ended in Mar. 2024 was €10.769. 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 €14.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Owens & Minor's average Cyclically Adjusted Book Growth Rate was -2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.90% 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 Owens & Minor was 12.80% per year. The lowest was -1.20% per year. And the median was 6.90% per year.

As of today (2024-06-06), Owens & Minor's current stock price is €15.70. Owens & Minor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.16. Owens & Minor's Cyclically Adjusted PB Ratio of today is 1.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Owens & Minor was 3.18. The lowest was 0.17. And the median was 2.07.


Owens & Minor Cyclically Adjusted Book per Share Historical Data

The historical data trend for Owens & Minor'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.

Owens & Minor Cyclically Adjusted Book per Share Chart

Owens & Minor 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 13.55 12.36 13.46 14.59 14.05

Owens & Minor 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 14.16 14.58 14.66 14.05 14.16

Competitive Comparison of Owens & Minor's Cyclically Adjusted Book per Share

For the Medical Distribution subindustry, Owens & Minor'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.


Owens & Minor's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Owens & Minor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Owens & Minor 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, Owens & Minor'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)
=10.769/131.7762*131.7762
=10.769

Current CPI (Mar. 2024) = 131.7762.

Owens & Minor Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.037 100.560 15.774
201409 12.394 100.428 16.263
201412 12.741 99.070 16.947
201503 14.178 99.621 18.754
201506 13.815 100.684 18.081
201509 13.961 100.392 18.326
201512 14.509 99.792 19.159
201603 14.369 100.470 18.846
201606 14.185 101.688 18.382
201609 14.249 101.861 18.434
201612 14.912 101.863 19.291
201703 14.818 102.862 18.983
201706 14.443 103.349 18.416
201709 13.750 104.136 17.400
201712 13.958 104.011 17.684
201803 13.369 105.290 16.732
201806 11.015 106.317 13.653
201809 10.906 106.507 13.494
201812 7.315 105.998 9.094
201903 7.057 107.251 8.671
201906 6.984 108.070 8.516
201909 7.096 108.329 8.632
201912 6.619 108.420 8.045
202003 5.992 108.902 7.251
202006 5.505 108.767 6.670
202009 6.014 109.815 7.217
202012 7.966 109.897 9.552
202103 8.794 111.754 10.370
202106 9.580 114.631 11.013
202109 9.996 115.734 11.382
202112 11.011 117.630 12.335
202203 11.309 121.301 12.286
202206 11.906 125.017 12.550
202209 12.812 125.227 13.482
202212 11.702 125.222 12.315
202303 11.331 127.348 11.725
202306 10.822 128.729 11.078
202309 10.863 129.860 11.023
202312 11.071 129.419 11.273
202403 10.769 131.776 10.769

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


Owens & Minor  (FRA:6OM) 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.

Owens & Minor's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.70/14.16
=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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Owens & Minor was 3.18. The lowest was 0.17. And the median was 2.07.


Be Aware

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


Owens & Minor Cyclically Adjusted Book per Share Related Terms

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


Owens & Minor (FRA:6OM) Business Description

Industry
Traded in Other Exchanges
Address
9120 Lockwood Boulevard, Mechanicsville, VA, USA, 23116
Owens & Minor Inc distributes consumable medical supplies to a variety of providers. The business is under two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment includes the United States distribution business (Medical Distribution), outsourced logistics and value-added services business, and Global Products business which manufactures and sources medical surgical products through production and kitting operations. The Patient Direct segment includes home healthcare businesses (Byram and Apria).

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