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JanOne (FRA:5AR1) Cyclically Adjusted Book per Share : €8.27 (As of Dec. 2023)


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What is JanOne 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.

JanOne's adjusted book value per share for the three months ended in Dec. 2023 was €-0.612. 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 €8.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, JanOne's average Cyclically Adjusted Book Growth Rate was -8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -7.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -5.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 JanOne was 5.90% per year. The lowest was -24.90% per year. And the median was 0.60% per year.

As of today (2024-05-04), JanOne's current stock price is €3.50. JanOne's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €8.27. JanOne's Cyclically Adjusted PB Ratio of today is 0.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of JanOne was 2.17. The lowest was 0.03. And the median was 0.41.


JanOne Cyclically Adjusted Book per Share Historical Data

The historical data trend for JanOne'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.

JanOne Cyclically Adjusted Book per Share Chart

JanOne 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 10.77 14.90 9.66 10.14 8.27

JanOne 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 10.14 9.03 8.89 8.58 8.27

Competitive Comparison of JanOne's Cyclically Adjusted Book per Share

For the Waste Management subindustry, JanOne'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.


JanOne's Cyclically Adjusted PB Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, JanOne's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



JanOne 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, JanOne'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)
=-0.612/129.4194*129.4194
=-0.612

Current CPI (Dec. 2023) = 129.4194.

JanOne Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.372 99.695 13.465
201406 11.056 100.560 14.229
201409 11.633 100.428 14.991
201412 9.529 99.070 12.448
201503 9.456 99.621 12.284
201506 9.558 100.684 12.286
201509 8.926 100.392 11.507
201512 8.808 99.792 11.423
201603 8.317 100.470 10.713
201606 6.695 101.688 8.521
201609 7.507 101.861 9.538
201612 7.694 101.863 9.775
201703 9.165 102.862 11.531
201706 10.125 103.349 12.679
201709 9.686 104.136 12.038
201712 16.124 104.011 20.063
201803 14.593 105.290 17.937
201806 14.519 106.317 17.674
201809 11.684 106.507 14.198
201812 11.210 105.998 13.687
201903 10.227 107.251 12.341
201906 9.518 108.070 11.398
201909 7.909 108.329 9.449
201912 4.850 108.420 5.789
202003 3.831 108.902 4.553
202006 2.717 108.767 3.233
202009 2.447 109.815 2.884
202012 1.063 109.897 1.252
202103 2.967 111.754 3.436
202106 1.240 114.631 1.400
202109 0.819 115.734 0.916
202112 -2.716 117.630 -2.988
202203 -2.412 121.301 -2.573
202206 0.966 125.017 1.000
202209 0.367 125.227 0.379
202212 0.691 125.222 0.714
202303 3.504 127.348 3.561
202306 3.352 128.729 3.370
202309 2.740 129.860 2.731
202312 -0.612 129.419 -0.612

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


JanOne  (FRA:5AR1) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.50/8.27
=0.42

* 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 JanOne was 2.17. The lowest was 0.03. And the median was 0.41.


Be Aware

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


JanOne Cyclically Adjusted Book per Share Related Terms

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


JanOne (FRA:5AR1) Business Description

Industry
Traded in Other Exchanges
Address
325 East Warm Springs Road, Suite 102, Las Vegas, NV, USA, 89119
JanOne Inc focuses on reducing opioid addiction by finding treatments for conditions accompanied by pain and bringing to market drugs and therapies with nonaddictive pain-relieving properties. The company operates in three operating segments, namely Biotechnology, Recycling, and Technology. It derives its majority of revenue from the Recycling segment that is primarily engaged in the recycling of appliances throughout the United States and Canada.

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