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Akamai Technologies (LTS:0HBQ) Cyclically Adjusted Book per Share : $26.42 (As of Mar. 2024)


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What is Akamai Technologies 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.

Akamai Technologies's adjusted book value per share for the three months ended in Mar. 2024 was $30.403. 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 $26.42 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Akamai Technologies's average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.90% 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 Akamai Technologies was 26.80% per year. The lowest was 4.20% per year. And the median was 11.10% per year.

As of today (2024-05-26), Akamai Technologies's current stock price is $93.84. Akamai Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $26.42. Akamai Technologies's Cyclically Adjusted PB Ratio of today is 3.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Akamai Technologies was 7.21. The lowest was 3.02. And the median was 5.01.


Akamai Technologies Cyclically Adjusted Book per Share Historical Data

The historical data trend for Akamai Technologies'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.

Akamai Technologies Cyclically Adjusted Book per Share Chart

Akamai Technologies 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 17.21 18.89 21.29 23.65 25.58

Akamai Technologies 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 24.28 25.20 25.59 25.58 26.42

Competitive Comparison of Akamai Technologies's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Akamai Technologies'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.


Akamai Technologies's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Akamai Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Akamai Technologies 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, Akamai Technologies'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)
=30.403/131.7762*131.7762
=30.403

Current CPI (Mar. 2024) = 131.7762.

Akamai Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.554 100.560 20.382
201409 15.985 100.428 20.975
201412 16.519 99.070 21.973
201503 16.687 99.621 22.073
201506 17.033 100.684 22.293
201509 17.312 100.392 22.724
201512 17.611 99.792 23.255
201603 17.686 100.470 23.197
201606 17.991 101.688 23.314
201609 18.247 101.861 23.606
201612 18.606 101.863 24.070
201703 18.815 102.862 24.104
201706 19.108 103.349 24.364
201709 19.282 104.136 24.400
201712 19.792 104.011 25.075
201803 19.821 105.290 24.807
201806 20.349 106.317 25.222
201809 19.254 106.507 23.822
201812 19.593 105.998 24.358
201903 20.080 107.251 24.672
201906 20.781 108.070 25.340
201909 21.660 108.329 26.348
201912 22.580 108.420 27.444
202003 22.643 108.902 27.399
202006 24.007 108.767 29.085
202009 25.231 109.815 30.277
202012 26.128 109.897 31.330
202103 26.471 111.754 31.214
202106 27.461 114.631 31.568
202109 28.213 115.734 32.124
202112 28.222 117.630 31.616
202203 26.789 121.301 29.102
202206 26.842 125.017 28.293
202209 26.813 125.227 28.215
202212 27.862 125.222 29.320
202303 27.309 127.348 28.259
202306 28.257 128.729 28.926
202309 28.645 129.860 29.068
202312 30.398 129.419 30.952
202403 30.403 131.776 30.403

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


Akamai Technologies  (LTS:0HBQ) 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.

Akamai Technologies's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=93.84/26.42
=3.55

* 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 Akamai Technologies was 7.21. The lowest was 3.02. And the median was 5.01.


Be Aware

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


Akamai Technologies Cyclically Adjusted Book per Share Related Terms

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


Akamai Technologies (LTS:0HBQ) Business Description

Industry
Traded in Other Exchanges
Address
145 Broadway, Cambridge, MA, USA, 02142
Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core delivery and computing businesses to protect customers from cyberthreats.

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