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Fincantieri SpA (FRA:1F80) Cyclically Adjusted Book per Share : €6.06 (As of Dec. 2024)


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What is Fincantieri SpA 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.

Fincantieri SpA's adjusted book value per share for the three months ended in Dec. 2024 was €2.618. 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 €6.06 for the trailing ten years ended in Dec. 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 (2025-04-26), Fincantieri SpA's current stock price is €11.15. Fincantieri SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €6.06. Fincantieri SpA's Cyclically Adjusted PB Ratio of today is 1.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fincantieri SpA was 1.81. The lowest was 1.13. And the median was 1.54.


Fincantieri SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fincantieri SpA'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.

Fincantieri SpA Cyclically Adjusted Book per Share Chart

Fincantieri SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 6.06

Fincantieri SpA Quarterly Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - - - - 6.06

Competitive Comparison of Fincantieri SpA's Cyclically Adjusted Book per Share

For the Aerospace & Defense subindustry, Fincantieri SpA'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.


Fincantieri SpA's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Fincantieri SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Fincantieri SpA 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, Fincantieri SpA's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2.618/121.2000*121.2000
=2.618

Current CPI (Dec. 2024) = 121.2000.

Fincantieri SpA Quarterly Data

Book Value per Share CPI Adj_Book
200612 9.043 86.835 12.622
200712 9.325 89.097 12.685
200812 9.206 91.094 12.249
200912 6.195 92.025 8.159
201012 5.480 93.755 7.084
201112 5.549 96.837 6.945
201212 5.585 99.070 6.833
201303 0.000 99.535 0.000
201306 0.000 99.814 0.000
201309 0.000 100.000 0.000
201312 5.756 99.721 6.996
201403 5.802 99.907 7.039
201406 5.854 100.093 7.088
201409 5.905 99.814 7.170
201412 5.716 99.721 6.947
201503 5.794 99.814 7.035
201506 5.896 100.279 7.126
201509 5.603 100.000 6.791
201512 5.214 99.814 6.331
201606 5.264 99.900 6.386
201612 4.976 100.300 6.013
201706 5.336 101.100 6.397
201712 6.015 101.200 7.204
201806 5.519 102.400 6.532
201812 5.639 102.300 6.681
201906 5.585 103.100 6.565
201912 4.666 102.800 5.501
202006 3.929 102.900 4.628
202012 3.483 102.600 4.114
202106 3.598 104.200 4.185
202112 3.741 106.600 4.253
202206 2.904 112.500 3.129
202212 2.673 119.000 2.722
202303 0.000 118.800 0.000
202306 2.525 119.700 2.557
202312 1.985 119.700 2.010
202403 2.028 120.200 2.045
202406 2.092 120.700 2.101
202409 0.000 121.200 0.000
202412 2.618 121.200 2.618

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


Fincantieri SpA  (FRA:1F80) 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.

Fincantieri SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.15/6.06
=1.84

* 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 Fincantieri SpA was 1.81. The lowest was 1.13. And the median was 1.54.


Be Aware

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


Fincantieri SpA Cyclically Adjusted Book per Share Related Terms

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


Fincantieri SpA Business Description

Industry
Traded in Other Exchanges
Address
Via Genova No 1, Trieste, ITA, 34121
Fincantieri SpA constructs cruise ships, ferries, naval vessels, and other ships. It has three segments: Shipbuilding encompassing the Cruise Ships, Naval Vessels, and the Accommodation Cluster business areas; Offshore and Specialized vessels encompassing the design and construction of offshore support vessels for offshore wind farms and the oil & gas industry; and Equipment, Systems, and Infrastructure includes Electronics Cluster, Mechatronics Cluster, and Infrastructure Clusterbusiness area. It generates the majority of its revenue from the Shipbuilding segment.

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