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Amplifon SpA (MIL:AMP) Cyclically Adjusted Book per Share : €3.48 (As of Dec. 2023)


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What is Amplifon SpA 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.

Amplifon SpA's adjusted book value per share for the three months ended in Dec. 2023 was €4.882. 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 €3.48 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Amplifon SpA's average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.70% 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 Amplifon SpA was 13.80% per year. The lowest was 7.10% per year. And the median was 11.15% per year.

As of today (2024-05-24), Amplifon SpA's current stock price is €33.56. Amplifon SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.48. Amplifon SpA's Cyclically Adjusted PB Ratio of today is 9.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Amplifon SpA was 18.46. The lowest was 6.12. And the median was 9.64.


Amplifon SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Amplifon SpA'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.

Amplifon SpA Cyclically Adjusted Book per Share Chart

Amplifon SpA 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 2.19 2.36 2.66 3.21 3.48

Amplifon SpA 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 3.21 3.26 3.34 3.42 3.48

Competitive Comparison of Amplifon SpA's Cyclically Adjusted Book per Share

For the Medical Distribution subindustry, Amplifon SpA'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.


Amplifon SpA's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Amplifon SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Amplifon SpA 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, Amplifon SpA'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)
=4.882/119.7000*119.7000
=4.882

Current CPI (Dec. 2023) = 119.7000.

Amplifon SpA Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.851 99.907 2.218
201406 1.901 100.093 2.273
201409 1.961 99.814 2.352
201412 2.036 99.721 2.444
201503 2.195 99.814 2.632
201506 2.167 100.279 2.587
201509 2.075 100.000 2.484
201512 2.278 99.814 2.732
201603 2.297 99.600 2.761
201606 2.350 99.900 2.816
201609 2.402 100.100 2.872
201612 2.542 100.300 3.034
201703 2.649 101.000 3.139
201706 2.556 101.100 3.026
201709 2.508 101.200 2.966
201712 2.686 101.200 3.177
201803 2.453 101.800 2.884
201806 2.502 102.400 2.925
201809 2.541 102.600 2.965
201812 2.696 102.300 3.155
201903 2.842 102.800 3.309
201906 2.808 103.100 3.260
201909 2.853 102.900 3.319
201912 3.115 102.800 3.627
202003 2.981 102.900 3.468
202006 3.127 102.900 3.638
202009 3.234 102.300 3.784
202012 3.563 102.600 4.157
202103 3.700 103.700 4.271
202106 3.700 104.200 4.250
202109 3.720 104.900 4.245
202112 4.112 106.600 4.617
202203 4.359 110.400 4.726
202206 4.361 112.500 4.640
202209 4.554 114.200 4.773
202212 4.625 119.000 4.652
202303 4.658 118.800 4.693
202306 4.615 119.700 4.615
202309 4.744 120.300 4.720
202312 4.882 119.700 4.882

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


Amplifon SpA  (MIL:AMP) 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.

Amplifon SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.56/3.48
=9.64

* 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 Amplifon SpA was 18.46. The lowest was 6.12. And the median was 9.64.


Be Aware

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


Amplifon SpA Cyclically Adjusted Book per Share Related Terms

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


Amplifon SpA (MIL:AMP) Business Description

Industry
Traded in Other Exchanges
Address
Via Ripamonti, 133, Milano, ITA, 20141
Amplifon SpA provides customizable hearing solutions and services through a distribution network of network affiliates, corporate shops, franchises, and shop-in-shops. Amplifon operates in three segments based on geography: the Americas; Europe, the Middle East, and Africa; and Asia-Pacific. It generates the majority of its revenue in the EMEA region. Amplifon operates under a variety of brands in these regions, including Amplifon, Beter Horen, Maxtone, and Miracle-Ear. The majority of Amplifon's direct points of sale are in Italy.