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Roper Technologies (FRA:ROP) Cyclically Adjusted Book per Share : €95.82 (As of Mar. 2024)


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What is Roper Technologies 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.

Roper Technologies's adjusted book value per share for the three months ended in Mar. 2024 was €152.967. 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 €95.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Roper Technologies's average Cyclically Adjusted Book Growth Rate was 15.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.30% 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 Roper Technologies was 25.80% per year. The lowest was 13.10% per year. And the median was 17.50% per year.

As of today (2024-06-12), Roper Technologies's current stock price is €510.60. Roper Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €95.82. Roper Technologies's Cyclically Adjusted PB Ratio of today is 5.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Roper Technologies was 7.72. The lowest was 4.32. And the median was 5.67.


Roper Technologies Cyclically Adjusted Book per Share Historical Data

The historical data trend for Roper Technologies'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.

Roper Technologies Cyclically Adjusted Book per Share Chart

Roper Technologies 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 48.74 47.99 63.11 80.41 88.91

Roper Technologies 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 81.86 84.95 91.66 88.91 95.82

Competitive Comparison of Roper Technologies's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Roper Technologies'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.


Roper Technologies's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Roper Technologies 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, Roper Technologies'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)
=152.967/131.7762*131.7762
=152.967

Current CPI (Mar. 2024) = 131.7762.

Roper Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201406 33.462 100.560 43.850
201409 36.013 100.428 47.254
201412 38.517 99.070 51.233
201503 44.224 99.621 58.498
201506 44.427 100.684 58.147
201509 45.334 100.392 59.506
201512 48.225 99.792 63.681
201603 48.290 100.470 63.337
201606 48.751 101.688 63.176
201609 50.179 101.861 64.916
201612 53.976 101.863 69.827
201703 53.712 102.862 68.810
201706 53.986 103.349 68.835
201709 52.940 104.136 66.992
201712 56.587 104.011 71.693
201803 56.253 105.290 70.404
201806 60.518 106.317 75.010
201809 62.598 106.507 77.450
201812 65.785 105.998 81.784
201903 69.352 107.251 85.211
201906 71.074 108.070 86.665
201909 74.792 108.329 90.980
201912 82.063 108.420 99.741
202003 83.153 108.902 100.619
202006 84.045 108.767 101.824
202009 82.258 109.815 98.708
202012 82.120 109.897 98.469
202103 86.005 111.754 101.414
202106 87.305 114.631 100.363
202109 91.396 115.734 104.064
202112 97.004 117.630 108.670
202203 116.212 121.301 126.248
202206 122.491 125.017 129.114
202209 131.977 125.227 138.880
202212 142.693 125.222 150.162
202303 143.190 127.348 148.169
202306 144.844 128.729 148.273
202309 149.457 129.860 151.663
202312 149.643 129.419 152.368
202403 152.967 131.776 152.967

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


Roper Technologies  (FRA:ROP) 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.

Roper Technologies's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=510.60/95.82
=5.33

* 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 Roper Technologies was 7.72. The lowest was 4.32. And the median was 5.67.


Be Aware

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


Roper Technologies Cyclically Adjusted Book per Share Related Terms

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


Roper Technologies (FRA:ROP) Business Description

Industry
Traded in Other Exchanges
Address
6901 Professional Parkway East, Suite 200, Sarasota, FL, USA, 34240
Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.