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Allegion (Allegion) Cyclically Adjusted Book per Share : $6.75 (As of Mar. 2024)


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What is Allegion 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.

Allegion's adjusted book value per share for the three months ended in Mar. 2024 was $15.449. 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 $6.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Allegion's average Cyclically Adjusted Book Growth Rate was 18.40% 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.

As of today (2024-05-01), Allegion's current stock price is $123.27. Allegion's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.75. Allegion's Cyclically Adjusted PB Ratio of today is 18.26.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Allegion was 22.64. The lowest was 16.22. And the median was 19.30.


Allegion Cyclically Adjusted Book per Share Historical Data

The historical data trend for Allegion'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.

Allegion Cyclically Adjusted Book per Share Chart

Allegion 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 - - - 5.43 6.35

Allegion 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 5.70 5.97 5.98 6.35 6.75

Competitive Comparison of Allegion's Cyclically Adjusted Book per Share

For the Security & Protection Services subindustry, Allegion'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.


Allegion's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Allegion's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Allegion 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, Allegion'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)
=15.449/120.1096*120.1096
=15.449

Current CPI (Mar. 2024) = 120.1096.

Allegion Quarterly Data

Book Value per Share CPI Adj_Book
201406 -0.439 100.773 -0.523
201409 -0.321 100.474 -0.384
201412 -0.050 99.576 -0.060
201503 -0.207 99.975 -0.249
201506 0.494 100.573 0.590
201509 0.151 100.274 0.181
201512 0.267 99.676 0.322
201603 0.770 99.676 0.928
201606 1.438 101.072 1.709
201609 1.581 100.274 1.894
201612 1.189 99.676 1.433
201703 1.589 100.374 1.901
201706 2.793 100.673 3.332
201709 3.864 100.474 4.619
201712 4.225 100.075 5.071
201803 4.802 100.573 5.735
201806 5.327 101.072 6.330
201809 6.280 101.371 7.441
201812 6.879 100.773 8.199
201903 6.735 101.670 7.957
201906 7.068 102.168 8.309
201909 7.364 102.268 8.649
201912 8.168 102.068 9.612
202003 6.629 102.367 7.778
202006 7.346 101.769 8.670
202009 8.935 101.072 10.618
202012 9.093 101.072 10.806
202103 8.081 102.367 9.482
202106 8.734 103.364 10.149
202109 9.635 104.859 11.036
202112 8.605 106.653 9.691
202203 8.408 109.245 9.244
202206 8.845 112.734 9.424
202209 9.008 113.431 9.538
202212 10.720 115.425 11.155
202303 11.845 117.618 12.096
202306 12.972 119.611 13.026
202309 14.035 120.708 13.965
202312 15.065 120.110 15.065
202403 15.449 120.110 15.449

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


Allegion  (NYSE:ALLE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=123.27/6.75
=18.26

* 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 Allegion was 22.64. The lowest was 16.22. And the median was 19.30.


Be Aware

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


Allegion Cyclically Adjusted Book per Share Related Terms

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


Allegion (Allegion) Business Description

Industry
Traded in Other Exchanges
Address
Harcourt Road, Iveagh Court, Block D, Dublin 2, IRL, D02 VH94
Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2022, Allegion generated 73% of sales in the United States. The company mainly competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.
Executives
Robert C. Martens officer: SVP Chief Innovation & Design C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Sue Main director TELEDYNE TECHNOLOGIES INCORPORATED, 1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Jennifer L Preczewski officer: VP ? Chief HR Officer C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
John H Stone director, officer: President and CEO C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Jeffrey N Braun officer: SVP & General Counsel C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Ellen Rubin director 11 CLEMENTS ROAD, NEWTON MA 02458
Timothy P Eckersley officer: Sr. VP-Allegion International C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Tracy L Kemp officer: Sr. Vice President C/O SCHLAGE LOCK COMPANY LLC, 11819 N PENNSYLVANIA ST, CARMEL IN 46032
Michael J. Wagnes officer: Sr. VP & CFO C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
David S. Ilardi officer: SVP - Allegion Americas C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Nickolas A. Musial officer: VP, Controller & CAO C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
David D Petratis officer: President & CEO 1415 ROSELLE ROAD, PALATINE IL 60067
Douglas P Ranck officer: V. President/Controller C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Patrick S Shannon director, officer: Sr. V. President & CFO C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Lauren B Peters director FOOT LOCKER INC, 112 WEST 34TH STREET 4TH FL, NEW YORK NY 10120