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AMN Healthcare Services (FRA:HCQ) Cyclically Adjusted Book per Share : €15.71 (As of Mar. 2024)


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What is AMN Healthcare Services 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.

AMN Healthcare Services's adjusted book value per share for the three months ended in Mar. 2024 was €20.722. 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 €15.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AMN Healthcare Services's average Cyclically Adjusted Book Growth Rate was 13.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 21.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.00% 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 AMN Healthcare Services was 21.70% per year. The lowest was -4.50% per year. And the median was 4.90% per year.

As of today (2024-06-04), AMN Healthcare Services's current stock price is €51.00. AMN Healthcare Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.71. AMN Healthcare Services's Cyclically Adjusted PB Ratio of today is 3.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AMN Healthcare Services was 11.21. The lowest was 1.76. And the median was 6.39.


AMN Healthcare Services Cyclically Adjusted Book per Share Historical Data

The historical data trend for AMN Healthcare Services'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.

AMN Healthcare Services Cyclically Adjusted Book per Share Chart

AMN Healthcare Services 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 6.94 7.45 10.09 13.26 14.79

AMN Healthcare Services 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 13.77 14.28 15.11 14.79 15.71

Competitive Comparison of AMN Healthcare Services's Cyclically Adjusted Book per Share

For the Medical Care Facilities subindustry, AMN Healthcare Services'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.


AMN Healthcare Services's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, AMN Healthcare Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AMN Healthcare Services 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, AMN Healthcare Services'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)
=20.722/131.7762*131.7762
=20.722

Current CPI (Mar. 2024) = 131.7762.

AMN Healthcare Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.697 100.560 4.845
201409 4.084 100.428 5.359
201412 4.462 99.070 5.935
201503 5.272 99.621 6.974
201506 5.388 100.684 7.052
201509 6.052 100.392 7.944
201512 6.693 99.792 8.838
201603 6.994 100.470 9.173
201606 7.463 101.688 9.671
201609 8.033 101.861 10.392
201612 8.948 101.863 11.576
201703 9.310 102.862 11.927
201706 9.439 103.349 12.035
201709 9.347 104.136 11.828
201712 10.011 104.011 12.683
201803 10.160 105.290 12.716
201806 11.116 106.317 13.778
201809 11.229 106.507 13.893
201812 12.042 105.998 14.971
201903 12.350 107.251 15.174
201906 12.905 108.070 15.736
201909 13.707 108.329 16.674
201912 14.192 108.420 17.249
202003 14.466 108.902 17.505
202006 14.694 108.767 17.802
202009 14.582 109.815 17.498
202012 14.319 109.897 17.170
202103 15.916 111.754 18.767
202106 16.971 114.631 19.509
202109 18.744 115.734 21.342
202112 21.759 117.630 24.376
202203 21.748 121.301 23.626
202206 22.722 125.017 23.951
202209 26.403 125.227 27.784
202212 23.525 125.222 24.756
202303 22.185 127.348 22.956
202306 18.619 128.729 19.060
202309 20.420 129.860 20.721
202312 20.160 129.419 20.527
202403 20.722 131.776 20.722

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


AMN Healthcare Services  (FRA:HCQ) 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.

AMN Healthcare Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=51.00/15.71
=3.25

* 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 AMN Healthcare Services was 11.21. The lowest was 1.76. And the median was 6.39.


Be Aware

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


AMN Healthcare Services Cyclically Adjusted Book per Share Related Terms

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


AMN Healthcare Services (FRA:HCQ) Business Description

Traded in Other Exchanges
Address
8840 Cypress Waters Boulevard, Suite 300, Dallas, TX, USA, 75019
AMN Healthcare Services is one of the largest healthcare staffing company in the United States. In 2022, it offered almost 12,000 nurses and allied healthcare full-time workers with provider clients nationwide. About two thirds of its business is generated from its temporary nursing division; the other third is generated from its physician placement and technology-backed workplace solutions divisions.

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