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Etteplan Oyj (OHEL:ETTE) Cyclically Adjusted Book per Share : €3.26 (As of Mar. 2024)


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What is Etteplan Oyj 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.

Etteplan Oyj's adjusted book value per share for the three months ended in Mar. 2024 was €4.631. 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 €3.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Etteplan Oyj's average Cyclically Adjusted Book Growth Rate was 12.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.70% 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 Etteplan Oyj was 17.30% per year. The lowest was 10.30% per year. And the median was 13.80% per year.

As of today (2024-06-07), Etteplan Oyj's current stock price is €13.15. Etteplan Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.26. Etteplan Oyj's Cyclically Adjusted PB Ratio of today is 4.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Etteplan Oyj was 9.02. The lowest was 3.60. And the median was 5.52.


Etteplan Oyj Cyclically Adjusted Book per Share Historical Data

The historical data trend for Etteplan Oyj'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.

Etteplan Oyj Cyclically Adjusted Book per Share Chart

Etteplan Oyj 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 1.78 1.96 2.27 2.77 3.16

Etteplan Oyj 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 2.90 2.99 3.08 3.16 3.26

Competitive Comparison of Etteplan Oyj's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Etteplan Oyj'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.


Etteplan Oyj's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Etteplan Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Etteplan Oyj 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, Etteplan Oyj'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)
=4.631/122.3600*122.3600
=4.631

Current CPI (Mar. 2024) = 122.3600.

Etteplan Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.213 100.147 1.482
201409 1.307 100.726 1.588
201412 1.378 100.229 1.682
201503 1.324 100.120 1.618
201506 1.414 100.030 1.730
201509 1.508 100.130 1.843
201512 1.617 99.990 1.979
201603 1.677 100.080 2.050
201606 1.994 100.390 2.430
201609 2.007 100.540 2.443
201612 2.144 101.020 2.597
201703 2.264 100.910 2.745
201706 2.204 101.140 2.666
201709 2.224 101.320 2.686
201712 2.342 101.510 2.823
201803 2.425 101.730 2.917
201806 2.396 102.320 2.865
201809 2.537 102.600 3.026
201812 2.716 102.710 3.236
201903 2.877 102.870 3.422
201906 2.735 103.360 3.238
201909 2.904 103.540 3.432
201912 3.093 103.650 3.651
202003 3.180 103.490 3.760
202006 3.059 103.320 3.623
202009 3.181 103.710 3.753
202012 3.499 103.890 4.121
202103 3.689 104.870 4.304
202106 3.639 105.360 4.226
202109 3.722 106.290 4.285
202112 3.969 107.490 4.518
202203 4.271 110.950 4.710
202206 4.001 113.570 4.311
202209 3.934 114.920 4.189
202212 4.245 117.320 4.427
202303 4.394 119.750 4.490
202306 4.100 120.690 4.157
202309 4.214 121.280 4.252
202312 4.545 121.540 4.576
202403 4.631 122.360 4.631

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


Etteplan Oyj  (OHEL:ETTE) 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.

Etteplan Oyj's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.15/3.26
=4.03

* 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 Etteplan Oyj was 9.02. The lowest was 3.60. And the median was 5.52.


Be Aware

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


Etteplan Oyj Cyclically Adjusted Book per Share Related Terms

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


Etteplan Oyj (OHEL:ETTE) Business Description

Industry
Traded in Other Exchanges
Address
Tekniikantie 4 D, Espoo, FIN, 02150
Etteplan Oyj is engaged in providing engineering services. The company's operating segment includes Engineering Solutions; Software and Embedded Solutions and Technical Documentation Solutions. It generates maximum revenue from the Engineering Solutions segment. The company serves Aerospace and Defense; Consumer Products; Energy and Power Transmission; Automotive and Transportation; Forest, Pulp and Paper; Industrial Machinery and Components; Lifting and Hoisting; Medical Technology; Metal; Mining and Materials Handling; Offshore and Marine and other industries. Geographically, it derives a majority of revenue from Finland and also has a presence in Scandinavia; China and Central Europe.

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