GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PVA TePla AG (FRA:TPE) » Definitions » Cyclically Adjusted Book per Share

PVA TePla AG (FRA:TPE) Cyclically Adjusted Book per Share : €3.24 (As of Dec. 2023)


View and export this data going back to 1999. Start your Free Trial

What is PVA TePla AG 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.

PVA TePla AG's adjusted book value per share for the three months ended in Dec. 2023 was €5.858. 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 €3.24 for the trailing ten years ended in Dec. 2023.

During the past 12 months, PVA TePla AG's average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.40% 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 PVA TePla AG was 10.20% per year. The lowest was 2.30% per year. And the median was 4.55% per year.

As of today (2024-06-02), PVA TePla AG's current stock price is €18.46. PVA TePla AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.24. PVA TePla AG's Cyclically Adjusted PB Ratio of today is 5.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of PVA TePla AG was 18.94. The lowest was 2.78. And the median was 6.19.


PVA TePla AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for PVA TePla AG'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.

PVA TePla AG Cyclically Adjusted Book per Share Chart

PVA TePla AG 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 2.43 2.40 2.60 2.92 3.24

PVA TePla AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.92 3.00 3.05 3.15 3.24

Competitive Comparison of PVA TePla AG's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, PVA TePla AG'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.


PVA TePla AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PVA TePla AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



PVA TePla AG 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, PVA TePla AG's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.858/123.7729*123.7729
=5.858

Current CPI (Dec. 2023) = 123.7729.

PVA TePla AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.282 99.543 2.837
201406 2.130 99.543 2.648
201409 2.096 99.823 2.599
201412 1.789 99.543 2.224
201503 1.782 99.717 2.212
201506 1.705 100.417 2.102
201509 1.703 100.417 2.099
201512 1.748 99.717 2.170
201603 0.000 100.017 0.000
201606 1.767 100.717 2.172
201609 1.779 101.017 2.180
201612 1.857 101.217 2.271
201703 1.893 101.417 2.310
201706 1.871 102.117 2.268
201709 1.893 102.717 2.281
201712 2.079 102.617 2.508
201803 2.070 102.917 2.489
201806 2.077 104.017 2.471
201809 2.272 104.718 2.685
201812 2.339 104.217 2.778
201903 2.386 104.217 2.834
201906 2.503 105.718 2.930
201909 2.623 106.018 3.062
201912 2.635 105.818 3.082
202003 2.681 105.718 3.139
202006 2.825 106.618 3.280
202009 2.959 105.818 3.461
202012 3.187 105.518 3.738
202103 3.214 107.518 3.700
202106 3.406 108.486 3.886
202109 3.600 109.435 4.072
202112 3.806 110.384 4.268
202203 3.881 113.968 4.215
202206 4.023 115.760 4.301
202209 4.232 118.818 4.408
202212 4.786 119.345 4.964
202303 4.955 122.402 5.010
202306 5.206 123.140 5.233
202309 5.557 124.195 5.538
202312 5.858 123.773 5.858

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


PVA TePla AG  (FRA:TPE) 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.

PVA TePla AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.46/3.24
=5.70

* 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 PVA TePla AG was 18.94. The lowest was 2.78. And the median was 6.19.


Be Aware

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


PVA TePla AG Cyclically Adjusted Book per Share Related Terms

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


PVA TePla AG (FRA:TPE) Business Description

Industry
Traded in Other Exchanges
Address
Im Westpark 10-12, Wettenberg, DEU, 35435
PVA TePla AG is a Germany-based company that provides vacuum solutions for high temperature and plasma treatment processes, as well as plant engineering solutions. The company operates through two segments: Industrial Systems and Semiconductor Systems. The Industrials Systems segment specializes in the development, construction, and marketing of vacuum heat treatment furnaces for processing materials at high temperatures. The Semiconductor Systems segment generates large revenue provides systems for the semiconductor and solar industry ranging from systems for the production of silicon crystals for the semiconductor, solar and optoelectronic industry to systems for plasma treatment in the semiconductor assembly. Major revenue is derived from the Asian market.
Executives
Prof. Dr. Gernot Hebestreit Supervisory Board

PVA TePla AG (FRA:TPE) Headlines

No Headlines