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RPM International (FRA:RP8) Cyclically Adjusted Book per Share : €13.11 (As of Feb. 2024)


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What is RPM International 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.

RPM International's adjusted book value per share for the three months ended in Feb. 2024 was €16.895. 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 €13.11 for the trailing ten years ended in Feb. 2024.

During the past 12 months, RPM International'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 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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 RPM International was 9.80% per year. The lowest was 0.30% per year. And the median was 5.40% per year.

As of today (2024-06-10), RPM International's current stock price is €101.00. RPM International's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €13.11. RPM International's Cyclically Adjusted PB Ratio of today is 7.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RPM International was 8.69. The lowest was 3.13. And the median was 5.51.


RPM International Cyclically Adjusted Book per Share Historical Data

The historical data trend for RPM International'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.

RPM International Cyclically Adjusted Book per Share Chart

RPM International Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.94 9.67 9.36 12.18 12.72

RPM International Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 12.44 12.72 12.83 12.61 13.11

Competitive Comparison of RPM International's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, RPM International'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.


RPM International's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, RPM International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



RPM International 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, RPM International's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=16.895/130.9299*130.9299
=16.895

Current CPI (Feb. 2024) = 130.9299.

RPM International Quarterly Data

Book Value per Share CPI Adj_Book
201405 7.554 100.373 9.854
201408 8.079 100.352 10.541
201411 8.337 99.635 10.956
201502 8.144 99.032 10.767
201505 8.677 100.333 11.323
201508 8.730 100.548 11.368
201511 9.020 100.135 11.794
201602 8.406 100.040 11.002
201605 9.125 101.355 11.788
201608 9.600 101.617 12.369
201611 8.893 101.829 11.434
201702 9.020 102.779 11.491
201705 9.731 103.256 12.339
201708 9.889 103.587 12.499
201711 10.242 104.072 12.885
201802 9.893 105.052 12.330
201805 10.323 106.148 12.733
201808 10.454 106.383 12.866
201811 10.130 106.338 12.473
201902 9.639 106.649 11.834
201905 9.595 108.048 11.627
201908 9.314 108.245 11.266
201911 9.768 108.519 11.785
202002 9.535 109.139 11.439
202005 8.939 108.175 10.819
202008 9.424 109.662 11.252
202011 10.064 109.793 12.001
202102 9.858 110.968 11.631
202105 11.059 113.576 12.749
202108 11.718 115.421 13.293
202111 12.403 117.269 13.848
202202 12.484 119.703 13.655
202205 14.515 123.323 15.410
202208 15.260 124.958 15.989
202211 15.886 125.607 16.559
202302 14.873 126.928 15.342
202305 15.296 128.314 15.608
202308 16.220 129.538 16.394
202311 16.925 129.548 17.106
202402 16.895 130.930 16.895

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


RPM International  (FRA:RP8) 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.

RPM International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=101.00/13.11
=7.70

* 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 RPM International was 8.69. The lowest was 3.13. And the median was 5.51.


Be Aware

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


RPM International Cyclically Adjusted Book per Share Related Terms

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


RPM International (FRA:RP8) Business Description

Industry
Traded in Other Exchanges
Address
2628 Pearl Road, P.O. Box 777, Medina, OH, USA, 44256
RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.

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