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Moog (FRA:MO7R) Cyclically Adjusted Book per Share : €38.30 (As of Mar. 2024)


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What is Moog 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.

Moog's adjusted book value per share for the three months ended in Mar. 2024 was €50.449. 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 €38.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Moog's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.20% 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 5.90% 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 Moog was 15.90% per year. The lowest was 2.10% per year. And the median was 8.70% per year.

As of today (2024-06-10), Moog's current stock price is €153.00. Moog's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €38.30. Moog's Cyclically Adjusted PB Ratio of today is 3.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Moog was 3.94. The lowest was 1.21. And the median was 2.46.


Moog Cyclically Adjusted Book per Share Historical Data

The historical data trend for Moog'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.

Moog Cyclically Adjusted Book per Share Chart

Moog Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 29.25 32.26 43.55 39.74

Moog 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 36.75 37.11 39.74 38.57 38.30

Competitive Comparison of Moog's Cyclically Adjusted Book per Share

For the Aerospace & Defense subindustry, Moog'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.


Moog's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Moog's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Moog 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, Moog'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)
=50.449/131.7762*131.7762
=50.449

Current CPI (Mar. 2024) = 131.7762.

Moog Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.987 100.560 34.054
201409 25.230 100.428 33.106
201412 25.053 99.070 33.324
201503 27.343 99.621 36.169
201506 26.309 100.684 34.434
201509 24.139 100.392 31.685
201512 25.070 99.792 33.105
201603 25.598 100.470 33.574
201606 25.544 101.688 33.102
201609 24.555 101.861 31.766
201612 25.922 101.863 33.534
201703 26.966 102.862 34.546
201706 27.527 103.349 35.099
201709 28.472 104.136 36.029
201712 29.003 104.011 36.745
201803 28.477 105.290 35.641
201806 30.217 106.317 37.453
201809 30.169 106.507 37.327
201812 32.131 105.998 39.945
201903 33.331 107.251 40.953
201906 34.366 108.070 41.905
201909 34.610 108.329 42.101
201912 35.294 108.420 42.897
202003 34.604 108.902 41.873
202006 32.005 108.767 38.775
202009 32.810 109.815 39.371
202012 32.955 109.897 39.516
202103 34.982 111.754 41.249
202106 35.390 114.631 40.683
202109 35.062 115.734 39.922
202112 37.297 117.630 41.783
202203 40.678 121.301 44.191
202206 40.060 125.017 42.226
202209 45.661 125.227 48.049
202212 45.322 125.222 47.694
202303 46.325 127.348 47.936
202306 47.012 128.729 48.125
202309 48.085 129.860 48.795
202312 49.068 129.419 49.962
202403 50.449 131.776 50.449

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


Moog  (FRA:MO7R) 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.

Moog's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=153.00/38.3
=3.99

* 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 Moog was 3.94. The lowest was 1.21. And the median was 2.46.


Be Aware

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


Moog Cyclically Adjusted Book per Share Related Terms

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


Moog (FRA:MO7R) Business Description

Industry
Traded in Other Exchanges
Address
400 Jamison Road, East Aurora, New York, NY, USA, 14052-0018
Moog Inc is a manufacturer of precision motion and fluid controls systems for the aerospace and defense markets. It has a diversified product range and operates in three segments: Aircraft Controls, Space and Defense Controls, and Industrial Systems. The company has a wide sales and marketing reach with sales staff being the main contact with customers. Additionally, it will use manufacturers' representatives and distributors to market in certain segments. Sales under United States government contracts represent approximately one third of total revenue. Although over half of total sales originate in the United States, the company serves many European and Asian nations.

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