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Badger Meter (STU:33B) Cyclically Adjusted Book per Share : €12.13 (As of Mar. 2024)


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What is Badger Meter 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.

Badger Meter's adjusted book value per share for the three months ended in Mar. 2024 was €16.763. 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 €12.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Badger Meter's average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.00% 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 Badger Meter was 13.00% per year. The lowest was 2.90% per year. And the median was 9.50% per year.

As of today (2024-05-24), Badger Meter's current stock price is €183.60. Badger Meter's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.13. Badger Meter's Cyclically Adjusted PB Ratio of today is 15.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Badger Meter was 15.06. The lowest was 4.97. And the median was 7.01.


Badger Meter Cyclically Adjusted Book per Share Historical Data

The historical data trend for Badger Meter'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.

Badger Meter Cyclically Adjusted Book per Share Chart

Badger Meter 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 7.46 7.14 8.87 10.83 11.53

Badger Meter 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 10.92 11.43 12.82 11.53 12.13

Competitive Comparison of Badger Meter's Cyclically Adjusted Book per Share

For the Scientific & Technical Instruments subindustry, Badger Meter'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.


Badger Meter's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Badger Meter's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Badger Meter 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, Badger Meter'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)
=16.763/131.7762*131.7762
=16.763

Current CPI (Mar. 2024) = 131.7762.

Badger Meter Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.269 100.560 6.905
201409 5.752 100.428 7.547
201412 6.010 99.070 7.994
201503 6.889 99.621 9.113
201506 6.864 100.684 8.984
201509 7.043 100.392 9.245
201512 7.340 99.792 9.692
201603 7.368 100.470 9.664
201606 7.522 101.688 9.748
201609 7.729 101.861 9.999
201612 8.341 101.863 10.790
201703 8.378 102.862 10.733
201706 8.236 103.349 10.501
201709 7.900 104.136 9.997
201712 8.051 104.011 10.200
201803 7.820 105.290 9.787
201806 8.482 106.317 10.513
201809 8.691 106.507 10.753
201812 9.162 105.998 11.390
201903 9.381 107.251 11.526
201906 9.619 108.070 11.729
201909 10.094 108.329 12.279
201912 10.233 108.420 12.437
202003 10.435 108.902 12.627
202006 10.404 108.767 12.605
202009 10.250 109.815 12.300
202012 10.188 109.897 12.216
202103 10.648 111.754 12.556
202106 10.863 114.631 12.488
202109 11.386 115.734 12.964
202112 12.196 117.630 13.663
202203 12.716 121.301 13.814
202206 13.451 125.017 14.178
202209 14.592 125.227 15.355
202212 14.258 125.222 15.004
202303 14.594 127.348 15.101
202306 14.973 128.729 15.327
202309 15.731 129.860 15.963
202312 16.138 129.419 16.432
202403 16.763 131.776 16.763

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


Badger Meter  (STU:33B) 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.

Badger Meter's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=183.60/12.13
=15.14

* 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 Badger Meter was 15.06. The lowest was 4.97. And the median was 7.01.


Be Aware

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


Badger Meter Cyclically Adjusted Book per Share Related Terms

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


Badger Meter (STU:33B) Business Description

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4545 West Brown Deer Road, Milwaukee, WI, USA, 53233
Badger Meter Inc is an innovator, manufacturer, and marketer of products incorporating flow measurement, quality, control, and other system solutions serving markets. The company's products measure water, oil, chemicals, and other fluids, and provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters, radios, software, and related technologies, and water quality monitoring solutions to water utilities (utility water) and sales of meters and other sensing instruments, valves, software, and other solutions for industrial applications in water, wastewater, and other industries (flow instrumentation). It derives a majority of its revenues from the United States.

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