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Boralex (Boralex) Cyclically Adjusted Book per Share : $8.67 (As of Dec. 2023)


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What is Boralex 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.

Boralex's adjusted book value per share for the three months ended in Dec. 2023 was $11.815. 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 $8.67 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Boralex's average Cyclically Adjusted Book Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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 Boralex was 10.30% per year. The lowest was 0.10% per year. And the median was 4.00% per year.

As of today (2024-04-28), Boralex's current stock price is $19.75. Boralex's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.67. Boralex's Cyclically Adjusted PB Ratio of today is 2.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Boralex was 5.88. The lowest was 1.24. And the median was 2.30.


Boralex Cyclically Adjusted Book per Share Historical Data

The historical data trend for Boralex'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.

Boralex Cyclically Adjusted Book per Share Chart

Boralex 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 7.31 7.39 7.71 7.81 8.67

Boralex Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.81 8.16 8.50 9.38 8.67

Competitive Comparison of Boralex's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, Boralex'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.


Boralex's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Boralex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boralex 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, Boralex's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=11.815/125.4675*125.4675
=11.815

Current CPI (Dec. 2023) = 125.4675.

Boralex Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.481 98.604 10.792
201406 8.142 99.473 10.270
201409 7.605 99.394 9.600
201412 6.842 98.367 8.727
201503 6.058 99.789 7.617
201506 6.329 100.500 7.901
201509 6.336 100.421 7.916
201512 6.130 99.947 7.695
201603 6.215 101.054 7.717
201606 6.040 102.002 7.430
201609 5.718 101.765 7.050
201612 5.689 101.449 7.036
201703 6.622 102.634 8.095
201706 6.721 103.029 8.185
201709 7.115 103.345 8.638
201712 7.035 103.345 8.541
201803 7.264 105.004 8.680
201806 6.699 105.557 7.963
201809 7.617 105.636 9.047
201812 7.310 105.399 8.702
201903 6.935 106.979 8.134
201906 6.686 107.690 7.790
201909 6.256 107.611 7.294
201912 6.770 107.769 7.882
202003 6.238 107.927 7.252
202006 6.120 108.401 7.083
202009 7.142 108.164 8.285
202012 7.524 108.559 8.696
202103 8.234 110.298 9.366
202106 8.142 111.720 9.144
202109 7.660 112.905 8.512
202112 7.621 113.774 8.404
202203 8.590 117.646 9.161
202206 12.882 120.806 13.379
202209 12.198 120.648 12.685
202212 12.041 120.964 12.489
202303 11.905 122.702 12.173
202306 12.392 124.203 12.518
202309 12.348 125.230 12.371
202312 11.815 125.468 11.815

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


Boralex  (OTCPK:BRLXF) 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.

Boralex's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.75/8.67
=2.28

* 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 Boralex was 5.88. The lowest was 1.24. And the median was 2.30.


Be Aware

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


Boralex Cyclically Adjusted Book per Share Related Terms

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


Boralex (Boralex) Business Description

Traded in Other Exchanges
Address
36, Rue Lajeunesse, Juridique, Kingsey Falls, QC, CAN, J0A 1B0
Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy power stations in Canada, France, the United States and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.