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Vossloh AG (WBO:VOS) Cyclically Adjusted Book per Share : €35.01 (As of Mar. 2024)


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What is Vossloh AG 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.

Vossloh AG's adjusted book value per share for the three months ended in Mar. 2024 was €35.248. 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 €35.01 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vossloh AG's average Cyclically Adjusted Book Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.40% 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 Vossloh AG was 1.70% per year. The lowest was -2.20% per year. And the median was -0.50% per year.

As of today (2024-06-04), Vossloh AG's current stock price is €48.35. Vossloh AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €35.01. Vossloh AG's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vossloh AG was 1.46. The lowest was 0.77. And the median was 1.14.


Vossloh AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vossloh AG'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.

Vossloh AG Cyclically Adjusted Book per Share Chart

Vossloh AG 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 35.20 33.22 33.56 35.21 35.15

Vossloh AG 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 35.42 35.48 35.47 35.15 35.01

Competitive Comparison of Vossloh AG's Cyclically Adjusted Book per Share

For the Railroads subindustry, Vossloh AG'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.


Vossloh AG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Vossloh AG 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, Vossloh AG'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)
=35.248/125.0381*125.0381
=35.248

Current CPI (Mar. 2024) = 125.0381.

Vossloh AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.390 99.543 35.661
201409 27.487 99.823 34.430
201412 24.015 99.543 30.166
201503 24.015 99.717 30.113
201506 24.576 100.417 30.602
201509 24.394 100.417 30.375
201512 29.970 99.717 37.580
201603 29.773 100.017 37.221
201606 33.975 100.717 42.179
201609 33.230 101.017 41.132
201612 33.368 101.217 41.221
201703 33.606 101.417 41.433
201706 33.687 102.117 41.248
201709 33.781 102.717 41.122
201712 32.404 102.617 39.484
201803 32.009 102.917 38.889
201806 31.395 104.017 37.740
201809 31.439 104.718 37.540
201812 32.097 104.217 38.509
201903 30.738 104.217 36.879
201906 29.532 105.718 34.929
201909 25.859 106.018 30.498
201912 22.443 105.818 26.520
202003 21.624 105.718 25.576
202006 21.350 106.618 25.039
202009 22.255 105.818 26.297
202012 22.574 105.518 26.750
202103 31.473 107.518 36.602
202106 30.892 108.486 35.605
202109 31.581 109.435 36.084
202112 31.843 110.384 36.071
202203 32.276 113.968 35.411
202206 32.077 115.760 34.648
202209 33.574 118.818 35.332
202212 34.041 119.345 35.665
202303 34.007 122.402 34.739
202306 33.887 123.140 34.409
202309 34.622 124.195 34.857
202312 34.753 123.773 35.108
202403 35.248 125.038 35.248

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


Vossloh AG  (WBO:VOS) 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.

Vossloh AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=48.35/35.01
=1.38

* 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 Vossloh AG was 1.46. The lowest was 0.77. And the median was 1.14.


Be Aware

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


Vossloh AG Cyclically Adjusted Book per Share Related Terms

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


Vossloh AG (WBO:VOS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Vossloh AG (WBO:VOS) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
Vosslohstrasse 4, PO Box 1860, Werdohl, NW, DEU, 58791
Vossloh AG is a rail infrastructure manufacturer domiciled in Germany. The company organizes itself into three segments: customized modules (switch systems), core components, and life cycle solutions (rail solutions). The customized modules segment, which generates the majority of revenue, manufactures, installs, and maintains switch systems and monitoring equipment for rail networks. The core components segment, the next most significant segment, provides rail fastening systems and manufactures concrete railway ties. The life cycle solutions segment maintains, tracks, switches, and recycles old rails. The company derives the majority of revenue in Europe, with significant operations in Asia and the Americas.

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