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Fraport AG (XTER:FRA) Cyclically Adjusted Book per Share : €47.98 (As of Mar. 2024)


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What is Fraport 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.

Fraport AG's adjusted book value per share for the three months ended in Mar. 2024 was €47.215. 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 €47.98 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fraport AG's average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% 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 Fraport AG was 6.50% per year. The lowest was 4.40% per year. And the median was 5.90% per year.

As of today (2024-05-27), Fraport AG's current stock price is €52.35. Fraport AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €47.98. Fraport AG's Cyclically Adjusted PB Ratio of today is 1.09.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fraport AG was 2.49. The lowest was 0.79. And the median was 1.24.


Fraport AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fraport 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.

Fraport AG Cyclically Adjusted Book per Share Chart

Fraport 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 38.14 39.16 41.51 45.26 47.36

Fraport 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 46.48 46.86 47.39 47.36 47.98

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

For the Airports & Air Services subindustry, Fraport 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.


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

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

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



Fraport 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, Fraport 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)
=47.215/125.0381*125.0381
=47.215

Current CPI (Mar. 2024) = 125.0381.

Fraport AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 33.119 99.543 41.602
201409 34.636 99.823 43.385
201412 34.911 99.543 43.853
201503 35.536 99.717 44.560
201506 35.084 100.417 43.686
201509 36.624 100.417 45.604
201512 37.237 99.717 46.693
201603 37.332 100.017 46.671
201606 36.958 100.717 45.883
201609 38.379 101.017 47.505
201612 40.498 101.217 50.029
201703 40.772 101.417 50.268
201706 39.985 102.117 48.960
201709 41.820 102.717 50.908
201712 41.866 102.617 51.013
201803 41.993 102.917 51.019
201806 41.610 104.017 50.019
201809 43.774 104.718 52.268
201812 45.246 104.217 54.285
201903 45.687 104.217 54.814
201906 45.116 105.718 53.361
201909 47.596 106.018 56.135
201912 48.090 105.818 56.825
202003 46.956 105.718 55.537
202006 44.756 106.618 52.488
202009 41.000 105.818 48.447
202012 39.168 105.518 46.414
202103 38.518 107.518 44.795
202106 39.576 108.486 45.614
202109 40.595 109.435 46.383
202112 40.622 110.384 46.015
202203 39.940 113.968 43.819
202206 40.649 115.760 43.907
202209 41.821 118.818 44.010
202212 42.314 119.345 44.333
202303 42.065 122.402 42.971
202306 43.330 123.140 43.998
202309 46.325 124.195 46.640
202312 46.744 123.773 47.222
202403 47.215 125.038 47.215

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


Fraport AG  (XTER:FRA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=52.35/47.98
=1.09

* 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 Fraport AG was 2.49. The lowest was 0.79. And the median was 1.24.


Be Aware

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


Fraport AG Cyclically Adjusted Book per Share Related Terms

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


Fraport AG (XTER:FRA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fraport AG (XTER:FRA) » Definitions » Cyclically Adjusted Book per Share
Address
Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.
Executives
Julia Kranenberg Board of Directors
Anke Giesen Board of Directors
Dr. Pierre Dominique Prümm Board of Directors