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Sapiens International NV (XTAE:SPNS) Cyclically Adjusted Book per Share : ₪22.46 (As of Mar. 2024)


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What is Sapiens International NV 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.

Sapiens International NV's adjusted book value per share for the three months ended in Mar. 2024 was ₪29.763. 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 ₪22.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sapiens International NV's average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.10% 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 Sapiens International NV was 17.70% per year. The lowest was -53.30% per year. And the median was 12.40% per year.

As of today (2024-06-08), Sapiens International NV's current stock price is ₪122.60. Sapiens International NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪22.46. Sapiens International NV's Cyclically Adjusted PB Ratio of today is 5.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sapiens International NV was 9.04. The lowest was 2.75. And the median was 4.82.


Sapiens International NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sapiens International NV'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.

Sapiens International NV Cyclically Adjusted Book per Share Chart

Sapiens International NV 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 12.24 13.04 14.93 18.73 21.47

Sapiens International NV 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 19.63 21.00 22.47 21.47 22.46

Competitive Comparison of Sapiens International NV's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Sapiens International NV'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.


Sapiens International NV's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Sapiens International NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sapiens International NV's Cyclically Adjusted PB Ratio falls into.



Sapiens International NV 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, Sapiens International NV'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)
=29.763/131.7762*131.7762
=29.763

Current CPI (Mar. 2024) = 131.7762.

Sapiens International NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.330 100.560 18.778
201409 13.889 100.428 18.224
201412 14.017 99.070 18.645
201503 13.995 99.621 18.512
201506 14.163 100.684 18.537
201509 13.730 100.392 18.022
201512 13.964 99.792 18.440
201603 13.947 100.470 18.293
201606 14.253 101.688 18.470
201609 14.830 101.861 19.185
201612 14.856 101.863 19.219
201703 15.171 102.862 19.435
201706 15.227 103.349 19.415
201709 15.470 104.136 19.576
201712 15.128 104.011 19.166
201803 15.493 105.290 19.390
201806 15.263 106.317 18.918
201809 15.058 106.507 18.631
201812 15.136 105.998 18.817
201903 15.837 107.251 19.459
201906 16.438 108.070 20.044
201909 16.180 108.329 19.682
201912 16.790 108.420 20.407
202003 16.944 108.902 20.503
202006 17.562 108.767 21.277
202009 18.621 109.815 22.345
202012 26.275 109.897 31.506
202103 26.459 111.754 31.199
202106 26.046 114.631 29.942
202109 26.689 115.734 30.388
202112 27.782 117.630 31.123
202203 28.399 121.301 30.851
202206 25.981 125.017 27.386
202209 24.553 125.227 25.837
202212 27.331 125.222 28.762
202303 28.348 127.348 29.334
202306 28.402 128.729 29.074
202309 28.180 129.860 28.596
202312 30.198 129.419 30.748
202403 29.763 131.776 29.763

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


Sapiens International NV  (XTAE:SPNS) 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.

Sapiens International NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=122.60/22.46
=5.46

* 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 Sapiens International NV was 9.04. The lowest was 2.75. And the median was 4.82.


Be Aware

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


Sapiens International NV Cyclically Adjusted Book per Share Related Terms

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


Sapiens International NV (XTAE:SPNS) Business Description

Industry
Traded in Other Exchanges
Address
26 Harokmim Street, Azrieli Center, Holon, ISR, 5885800
Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modelling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, United Kingdom, Israel, and other European countries and Rest of the World and derives the majority of its income from North American region.