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Quad/Graphics (FRA:QGU) Cyclically Adjusted Book per Share : €8.83 (As of Mar. 2024)


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What is Quad/Graphics 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.

Quad/Graphics's adjusted book value per share for the three months ended in Mar. 2024 was €1.578. 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 €8.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Quad/Graphics's average Cyclically Adjusted Book Growth Rate was -21.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -16.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -13.40% 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 Quad/Graphics was -10.40% per year. The lowest was -16.10% per year. And the median was -13.30% per year.

As of today (2024-05-24), Quad/Graphics's current stock price is €4.58. Quad/Graphics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.83. Quad/Graphics's Cyclically Adjusted PB Ratio of today is 0.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Quad/Graphics was 0.86. The lowest was 0.11. And the median was 0.29.


Quad/Graphics Cyclically Adjusted Book per Share Historical Data

The historical data trend for Quad/Graphics'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.

Quad/Graphics Cyclically Adjusted Book per Share Chart

Quad/Graphics 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 16.52 14.06 13.30 12.44 9.64

Quad/Graphics 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 11.00 10.77 10.47 9.64 8.83

Competitive Comparison of Quad/Graphics's Cyclically Adjusted Book per Share

For the Specialty Business Services subindustry, Quad/Graphics'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.


Quad/Graphics's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Quad/Graphics's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Quad/Graphics 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, Quad/Graphics'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)
=1.578/131.7762*131.7762
=1.578

Current CPI (Mar. 2024) = 131.7762.

Quad/Graphics Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.567 100.560 24.331
201409 19.418 100.428 25.479
201412 19.114 99.070 25.424
201503 20.419 99.621 27.010
201506 18.431 100.684 24.123
201509 8.098 100.392 10.630
201512 7.846 99.792 10.361
201603 7.480 100.470 9.811
201606 7.038 101.688 9.120
201609 6.979 101.861 9.029
201612 8.143 101.863 10.534
201703 8.284 102.862 10.613
201706 7.837 103.349 9.993
201709 7.548 104.136 9.551
201712 8.489 104.011 10.755
201803 8.151 105.290 10.201
201806 8.027 106.317 9.949
201809 8.217 106.507 10.167
201812 7.538 105.998 9.371
201903 6.746 107.251 8.289
201906 6.235 108.070 7.603
201909 3.842 108.329 4.674
201912 3.870 108.420 4.704
202003 3.003 108.902 3.634
202006 2.550 108.767 3.089
202009 2.590 109.815 3.108
202012 1.299 109.897 1.558
202103 1.419 111.754 1.673
202106 2.008 114.631 2.308
202109 2.253 115.734 2.565
202112 2.250 117.630 2.521
202203 2.242 121.301 2.436
202206 2.357 125.017 2.484
202209 2.639 125.227 2.777
202212 3.127 125.222 3.291
202303 2.687 127.348 2.780
202306 2.695 128.729 2.759
202309 2.604 129.860 2.642
202312 2.150 129.419 2.189
202403 1.578 131.776 1.578

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


Quad/Graphics  (FRA:QGU) 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.

Quad/Graphics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.58/8.83
=0.52

* 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 Quad/Graphics was 0.86. The lowest was 0.11. And the median was 0.29.


Be Aware

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


Quad/Graphics Cyclically Adjusted Book per Share Related Terms

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


Quad/Graphics (FRA:QGU) Business Description

Industry
Traded in Other Exchanges
Address
N61 W23044 Harry's Way, Sussex, WI, USA, 53089-3995
Quad/Graphics Inc provides print and marketing services to help customers market their products, services, and contents. The company primarily operates in the commercial segment of the printing industry. It operates through three divisions. The United States print and related services segment consists of the company's American operations. Besides the complete set of print and marketing solutions, this segment also manufactures ink. The international segment includes the company's printing business in Europe and Latin America. The corporate segment is engaged in the general and administrative activities as well as associated costs. The company almost generates all its revenue from the American domestic market.

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