GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Industrivarden AB (OSTO:INDU A) » Definitions » Cyclically Adjusted Book per Share

Industrivarden AB (OSTO:INDU A) Cyclically Adjusted Book per Share : kr285.64 (As of Mar. 2024)


View and export this data going back to 1979. Start your Free Trial

What is Industrivarden 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.

Industrivarden AB's adjusted book value per share for the three months ended in Mar. 2024 was kr385.261. 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 kr285.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Industrivarden AB's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.50% 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 Industrivarden AB was 13.90% per year. The lowest was 7.20% per year. And the median was 10.95% per year.

As of today (2024-06-06), Industrivarden AB's current stock price is kr370.60. Industrivarden AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr285.64. Industrivarden AB's Cyclically Adjusted PB Ratio of today is 1.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Industrivarden AB was 1.78. The lowest was 0.92. And the median was 1.25.


Industrivarden AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Industrivarden 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.

Industrivarden AB Cyclically Adjusted Book per Share Chart

Industrivarden 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 178.39 190.30 217.32 255.49 280.85

Industrivarden 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 260.21 268.70 273.59 280.85 285.64

Competitive Comparison of Industrivarden AB's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Industrivarden 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.


Industrivarden AB's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Industrivarden AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Industrivarden 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, Industrivarden 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)
=385.261/132.2054*132.2054
=385.261

Current CPI (Mar. 2024) = 132.2054.

Industrivarden AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 154.586 100.432 203.492
201409 150.973 100.161 199.274
201412 155.909 100.225 205.658
201503 182.969 99.950 242.015
201506 171.096 99.995 226.210
201509 155.840 100.228 205.560
201512 156.936 100.276 206.907
201603 164.185 100.751 215.443
201606 158.701 101.019 207.694
201609 174.938 101.138 228.676
201612 189.963 102.022 246.165
201703 213.630 102.022 276.834
201706 215.785 102.752 277.638
201709 219.276 103.279 280.691
201712 220.307 103.793 280.615
201803 223.770 103.962 284.562
201806 220.875 104.875 278.436
201809 235.516 105.679 294.633
201812 195.634 105.912 244.202
201903 230.744 105.886 288.098
201906 238.983 106.742 295.994
201909 231.229 107.214 285.129
201912 258.560 107.766 317.197
202003 215.974 106.563 267.945
202006 244.955 107.498 301.256
202009 257.577 107.635 316.375
202012 277.972 108.296 339.343
202103 319.903 108.360 390.302
202106 310.303 108.928 376.615
202109 294.704 110.338 353.109
202112 331.279 112.486 389.354
202203 285.402 114.825 328.601
202206 262.638 118.384 293.302
202209 248.366 122.296 268.490
202212 292.152 126.365 305.654
202303 319.498 127.042 332.484
202306 315.866 129.407 322.698
202309 310.971 130.224 315.704
202312 347.026 131.912 347.798
202403 385.261 132.205 385.261

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


Industrivarden AB  (OSTO:INDU A) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=370.60/285.64
=1.30

* 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 Industrivarden AB was 1.78. The lowest was 0.92. And the median was 1.25.


Be Aware

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


Industrivarden AB Cyclically Adjusted Book per Share Related Terms

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


Industrivarden AB (OSTO:INDU A) Business Description

Address
Storgatan 10, Stockholm, SWE, 114 51
Industrivarden AB is an asset management firm with a long-term, activist orientation. The company's stated investment goal is to increase net asset value and generate returns in excess of the market cost of capital. Industrivarden makes investments in Nordic companies it can influence through corporate governance actions. It benchmarks its performance relative to the average return of the Stockholm Stock Exchange. The firm counts many public and private pension managers, foundations, and retail investors as its client base. Its security selection criteria emphasize enduring business models with promising growth prospects at an attractive valuation.

Industrivarden AB (OSTO:INDU A) Headlines

No Headlines