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Kuehne + Nagel International AG (XSWX:KNIN) Cyclically Adjusted Book per Share : CHF22.38 (As of Mar. 2024)


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What is Kuehne + Nagel International 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.

Kuehne + Nagel International AG's adjusted book value per share for the three months ended in Mar. 2024 was CHF29.616. 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 CHF22.38 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kuehne + Nagel International AG's average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 Kuehne + Nagel International AG was 6.00% per year. The lowest was 4.40% per year. And the median was 5.20% per year.

As of today (2024-05-27), Kuehne + Nagel International AG's current stock price is CHF245.80. Kuehne + Nagel International AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was CHF22.38. Kuehne + Nagel International AG's Cyclically Adjusted PB Ratio of today is 10.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kuehne + Nagel International AG was 18.74. The lowest was 6.88. And the median was 11.43.


Kuehne + Nagel International AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kuehne + Nagel International 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.

Kuehne + Nagel International AG Cyclically Adjusted Book per Share Chart

Kuehne + Nagel International 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 18.49 18.49 19.34 21.02 22.03

Kuehne + Nagel International 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 21.70 21.83 21.95 22.03 22.38

Competitive Comparison of Kuehne + Nagel International AG's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, Kuehne + Nagel International 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.


Kuehne + Nagel International AG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

* The bar in red indicates where Kuehne + Nagel International AG's Cyclically Adjusted PB Ratio falls into.



Kuehne + Nagel International 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, Kuehne + Nagel International 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)
=29.616/107.3549*107.3549
=29.616

Current CPI (Mar. 2024) = 107.3549.

Kuehne + Nagel International AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.717 101.517 18.736
201409 19.141 101.247 20.296
201412 20.408 100.704 21.756
201503 20.083 100.339 21.487
201506 14.147 100.464 15.117
201509 16.079 99.785 17.299
201512 17.698 99.386 19.117
201603 18.874 99.475 20.369
201606 15.178 100.088 16.280
201609 16.629 99.604 17.923
201612 18.068 99.380 19.518
201703 19.155 100.040 20.556
201706 15.316 100.285 16.396
201709 17.239 100.254 18.460
201712 19.395 100.213 20.777
201803 20.582 100.836 21.913
201806 16.529 101.435 17.494
201809 17.580 101.246 18.641
201812 19.359 100.906 20.596
201903 20.637 101.571 21.812
201906 15.701 102.044 16.518
201909 17.271 101.396 18.286
201912 19.333 101.063 20.537
202003 19.408 101.048 20.619
202006 20.660 100.743 22.016
202009 18.640 100.585 19.895
202012 20.128 100.241 21.557
202103 23.825 100.800 25.374
202106 22.645 101.352 23.986
202109 23.336 101.533 24.674
202112 26.637 101.776 28.097
202203 31.858 103.205 33.139
202206 24.193 104.783 24.787
202209 32.211 104.835 32.985
202212 34.610 104.666 35.499
202303 36.533 106.245 36.915
202306 22.279 106.576 22.442
202309 26.565 106.570 26.761
202312 26.649 106.461 26.873
202403 29.616 107.355 29.616

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


Kuehne + Nagel International AG  (XSWX:KNIN) 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.

Kuehne + Nagel International AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=245.80/22.38
=10.98

* 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 Kuehne + Nagel International AG was 18.74. The lowest was 6.88. And the median was 11.43.


Be Aware

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


Kuehne + Nagel International AG Cyclically Adjusted Book per Share Related Terms

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


Kuehne + Nagel International AG (XSWX:KNIN) Business Description

Traded in Other Exchanges
Address
Kuehne + Nagel house, P.O. Box 67, Schindellegi, CHE, CH-8834
Kuehne + Nagel is a global transportation and logistics company based in Switzerland and founded in 1890. KN is the largest sea freight forwarder globally, and holds the number-two spot in air freight. Sea freight has traditionally constituted the largest part of the business, contributing almost half of group revenue in 2022. The company's goal is to become a more balanced, fully integrated freight forwarder while continually improving its end-to-end offering to its clients.

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