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Berner Industrier AB (OSTO:BERNER B) Cyclically Adjusted Book per Share : kr8.72 (As of Mar. 2024)


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What is Berner Industrier AB 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.

Berner Industrier AB's adjusted book value per share for the three months ended in Mar. 2024 was kr12.836. 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 kr8.72 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Berner Industrier AB's average Cyclically Adjusted Book Growth Rate was 10.20% 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.

As of today (2024-05-26), Berner Industrier AB's current stock price is kr34.60. Berner Industrier AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr8.72. Berner Industrier AB's Cyclically Adjusted PB Ratio of today is 3.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Berner Industrier AB was 4.20. The lowest was 2.58. And the median was 3.13.


Berner Industrier AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Berner Industrier AB'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.

Berner Industrier AB Cyclically Adjusted Book per Share Chart

Berner Industrier AB 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 - - - 7.53 8.60

Berner Industrier AB 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 7.84 8.07 8.22 8.60 8.72

Competitive Comparison of Berner Industrier AB's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Berner Industrier AB'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.


Berner Industrier AB's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Berner Industrier AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Berner Industrier AB's Cyclically Adjusted PB Ratio falls into.



Berner Industrier AB 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, Berner Industrier AB'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)
=12.836/132.2054*132.2054
=12.836

Current CPI (Mar. 2024) = 132.2054.

Berner Industrier AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.657 100.432 2.181
201409 1.818 100.161 2.400
201412 3.688 100.225 4.865
201503 3.864 99.950 5.111
201506 3.825 99.995 5.057
201509 4.083 100.228 5.386
201512 4.584 100.276 6.044
201603 4.796 100.751 6.293
201606 4.644 101.019 6.078
201609 4.897 101.138 6.401
201612 5.113 102.022 6.626
201703 5.127 102.022 6.644
201706 4.932 102.752 6.346
201709 5.125 103.279 6.560
201712 5.172 103.793 6.588
201803 5.687 103.962 7.232
201806 5.758 104.875 7.259
201809 6.327 105.679 7.915
201812 6.942 105.912 8.665
201903 7.510 105.886 9.377
201906 7.230 106.742 8.955
201909 7.805 107.214 9.624
201912 8.213 107.766 10.076
202003 8.320 106.563 10.322
202006 8.835 107.498 10.866
202009 9.485 107.635 11.650
202012 9.427 108.296 11.508
202103 9.777 108.360 11.929
202106 9.218 108.928 11.188
202109 10.148 110.338 12.159
202112 9.959 112.486 11.705
202203 10.342 114.825 11.907
202206 9.863 118.384 11.015
202209 10.562 122.296 11.418
202212 10.718 126.365 11.213
202303 11.067 127.042 11.517
202306 11.161 129.407 11.402
202309 11.938 130.224 12.120
202312 12.396 131.912 12.424
202403 12.836 132.205 12.836

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


Berner Industrier AB  (OSTO:BERNER B) 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.

Berner Industrier AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.60/8.72
=3.97

* 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 Berner Industrier AB was 4.20. The lowest was 2.58. And the median was 3.13.


Be Aware

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


Berner Industrier AB Cyclically Adjusted Book per Share Related Terms

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


Berner Industrier AB (OSTO:BERNER B) Business Description

Traded in Other Exchanges
N/A
Address
Designvagen 1, Box 88, Molnlycke, SWE, SE-435 22
Christian Berner Tech Trade AB is a technology trading company. It simplifies the decision-making process for customers by offering analysis of the customer's technical requirements, development, installation & service in the fields of processing, construction and engineering industries. The company's products include vibration and noise-damping materials, filter and process technology, UV aggregates and industrial equipment.

Berner Industrier AB (OSTO:BERNER B) Headlines

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