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United Parcel Service (UKEX:UPS) Cyclically Adjusted Book per Share : ₴443.50 (As of Mar. 2024)


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What is United Parcel Service 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.

United Parcel Service's adjusted book value per share for the three months ended in Mar. 2024 was ₴795.229. 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 ₴443.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United Parcel Service's average Cyclically Adjusted Book Growth Rate was 23.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 22.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -5.30% 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 United Parcel Service was 22.30% per year. The lowest was -16.10% per year. And the median was -6.40% per year.

As of today (2024-06-07), United Parcel Service's current stock price is ₴7316.00. United Parcel Service's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴443.50. United Parcel Service's Cyclically Adjusted PB Ratio of today is 16.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Parcel Service was 45.98. The lowest was 6.92. And the median was 18.37.


United Parcel Service Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Parcel Service'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.

United Parcel Service Cyclically Adjusted Book per Share Chart

United Parcel Service 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 - - - 283.23 399.23

United Parcel Service 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 274.93 319.58 391.45 399.23 443.50

Competitive Comparison of United Parcel Service's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, United Parcel Service'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.


United Parcel Service's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Parcel Service's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Parcel Service's Cyclically Adjusted PB Ratio falls into.



United Parcel Service 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, United Parcel Service'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)
=795.229/131.7762*131.7762
=795.229

Current CPI (Mar. 2024) = 131.7762.

United Parcel Service Quarterly Data

Book Value per Share CPI Adj_Book
201406 244.930 100.560 320.964
201409 249.161 100.428 326.936
201412 95.117 99.070 126.519
201503 81.617 99.621 107.961
201506 87.502 100.684 114.524
201509 87.045 100.392 114.257
201512 112.086 99.792 148.010
201603 111.749 100.470 146.569
201606 120.114 101.688 155.654
201609 126.328 101.861 163.429
201612 18.752 101.863 24.259
201703 24.781 102.862 31.747
201706 57.822 103.349 73.726
201709 70.384 104.136 89.066
201712 46.525 104.011 58.945
201803 62.730 105.290 78.510
201806 108.836 106.317 134.899
201809 145.003 106.507 179.406
201812 141.564 105.998 175.992
201903 162.086 107.251 199.151
201906 206.274 108.070 251.523
201909 260.409 108.329 316.772
201912 153.270 108.420 186.288
202003 154.124 108.902 186.498
202006 203.360 108.767 246.379
202009 260.342 109.815 312.406
202012 30.552 109.897 36.635
202103 330.441 111.754 389.642
202106 498.365 114.631 572.903
202109 557.291 115.734 634.537
202112 658.910 117.630 738.154
202203 709.412 121.301 770.675
202206 752.947 125.017 793.657
202209 788.868 125.227 830.128
202212 926.308 125.222 974.793
202303 938.106 127.348 970.728
202306 941.602 128.729 963.893
202309 904.750 129.860 918.104
202312 815.123 129.419 829.967
202403 795.229 131.776 795.229

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


United Parcel Service  (UKEX:UPS) 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.

United Parcel Service's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7316.00/443.5
=16.50

* 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 United Parcel Service was 45.98. The lowest was 6.92. And the median was 18.37.


Be Aware

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


United Parcel Service Cyclically Adjusted Book per Share Related Terms

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


United Parcel Service (UKEX:UPS) Business Description

Address
55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, USA, 30328
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder.