GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Brookfield Business Partners LP (NYSE:BBU) » Definitions » Cyclically Adjusted Book per Share

Brookfield Business Partners LP (Brookfield Business Partners LP) Cyclically Adjusted Book per Share : $28.57 (As of Mar. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Brookfield Business Partners LP 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.

Brookfield Business Partners LP's adjusted book value per share for the three months ended in Mar. 2024 was $25.403. 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 $28.57 for the trailing ten years ended in Mar. 2024.

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.

As of today (2024-06-02), Brookfield Business Partners LP's current stock price is $18.08. Brookfield Business Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $28.57. Brookfield Business Partners LP's Cyclically Adjusted PB Ratio of today is 0.63.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Brookfield Business Partners LP was 0.81. The lowest was 0.45. And the median was 0.69.


Brookfield Business Partners LP Cyclically Adjusted Book per Share Historical Data

The historical data trend for Brookfield Business Partners LP'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.

Brookfield Business Partners LP Cyclically Adjusted Book per Share Chart

Brookfield Business Partners LP 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 - - - - 29.05

Brookfield Business Partners LP 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 - - 28.64 29.05 28.57

Competitive Comparison of Brookfield Business Partners LP's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, Brookfield Business Partners LP'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.


Brookfield Business Partners LP's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Brookfield Business Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Brookfield Business Partners LP's Cyclically Adjusted PB Ratio falls into.



Brookfield Business Partners LP 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, Brookfield Business Partners LP'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)
=25.403/131.7762*131.7762
=25.403

Current CPI (Mar. 2024) = 131.7762.

Brookfield Business Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 25.424 99.070 33.817
201503 0.000 99.621 0.000
201506 28.390 100.684 37.157
201509 29.864 100.392 39.200
201512 40.757 99.792 53.820
201603 42.057 100.470 55.162
201606 23.172 101.688 30.028
201609 23.241 101.861 30.067
201612 23.262 101.863 30.093
201703 23.917 102.862 30.640
201706 23.802 103.349 30.349
201709 25.174 104.136 31.856
201712 23.948 104.011 30.341
201803 21.243 105.290 26.587
201806 22.316 106.317 27.660
201809 22.951 106.507 28.396
201812 23.389 105.998 29.077
201903 23.950 107.251 29.427
201906 26.897 108.070 32.797
201909 26.591 108.329 32.346
201912 26.159 108.420 31.794
202003 21.340 108.902 25.822
202006 21.549 108.767 26.108
202009 21.586 109.815 25.903
202012 24.395 109.897 29.252
202103 27.215 111.754 32.091
202106 28.377 114.631 32.621
202109 28.081 115.734 31.973
202112 29.214 117.630 32.727
202203 19.443 121.301 21.122
202206 18.978 125.017 20.004
202209 17.879 125.227 18.814
202212 18.871 125.222 19.859
202303 19.621 127.348 20.303
202306 19.514 128.729 19.976
202309 18.737 129.860 19.014
202312 25.699 129.419 26.167
202403 25.403 131.776 25.403

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


Brookfield Business Partners LP  (NYSE:BBU) 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.

Brookfield Business Partners LP's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.08/28.57
=0.63

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Brookfield Business Partners LP was 0.81. The lowest was 0.45. And the median was 0.69.


Be Aware

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


Brookfield Business Partners LP Cyclically Adjusted Book per Share Related Terms

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


Brookfield Business Partners LP (Brookfield Business Partners LP) Business Description

Traded in Other Exchanges
Address
73 Front Street, 5th Floor, Hamilton, BMU, HM 12
Brookfield Business Partners LP is a business services and industrials company. It focused on operating businesses that are either low-cost producers and benefit from high barriers to entry. The company's operating segment includes Business services; Infrastructure services; Industrials and Corporate and others. It generates maximum revenue from the Business Services segment. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in the United States of America; Europe; Australia; Canada; Brazil; Mexico and Other Countries.