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Boralex (FRA:B3H) Cyclically Adjusted Book per Share : €8.07 (As of Mar. 2024)


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What is Boralex 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.

Boralex's adjusted book value per share for the three months ended in Mar. 2024 was €11.217. 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 €8.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boralex's average Cyclically Adjusted Book Growth Rate was 6.80% 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 4.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.70% 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 Boralex was 10.30% per year. The lowest was 0.10% per year. And the median was 4.00% per year.

As of today (2024-06-06), Boralex's current stock price is €24.00. Boralex's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.07. Boralex's Cyclically Adjusted PB Ratio of today is 2.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Boralex was 5.88. The lowest was 1.24. And the median was 2.31.


Boralex Cyclically Adjusted Book per Share Historical Data

The historical data trend for Boralex'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.

Boralex Cyclically Adjusted Book per Share Chart

Boralex 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 6.52 5.85 6.55 7.63 7.88

Boralex 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 7.60 7.83 8.08 7.88 8.07

Competitive Comparison of Boralex's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, Boralex'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.


Boralex's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Boralex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boralex 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, Boralex'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)
=11.217/126.2576*126.2576
=11.217

Current CPI (Mar. 2024) = 126.2576.

Boralex Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.992 99.473 7.605
201409 5.902 99.394 7.497
201412 5.549 98.367 7.122
201503 5.597 99.789 7.082
201506 5.639 100.500 7.084
201509 5.645 100.421 7.097
201512 5.628 99.947 7.110
201603 5.581 101.054 6.973
201606 5.375 102.002 6.653
201609 5.094 101.765 6.320
201612 5.393 101.449 6.712
201703 6.192 102.634 7.617
201706 5.982 103.029 7.331
201709 5.970 103.345 7.294
201712 5.945 103.345 7.263
201803 5.891 105.004 7.083
201806 5.734 105.557 6.858
201809 6.528 105.636 7.802
201812 6.426 105.399 7.698
201903 6.137 106.979 7.243
201906 5.917 107.690 6.937
201909 5.680 107.611 6.664
201912 6.093 107.769 7.138
202003 5.645 107.927 6.604
202006 5.434 108.401 6.329
202009 6.064 108.164 7.078
202012 6.185 108.559 7.193
202103 6.916 110.298 7.917
202106 6.758 111.720 7.637
202109 6.511 112.905 7.281
202112 6.744 113.774 7.484
202203 7.799 117.646 8.370
202206 12.187 120.806 12.737
202209 12.320 120.648 12.893
202212 11.367 120.964 11.864
202303 11.119 122.702 11.441
202306 11.438 124.203 11.627
202309 11.570 125.230 11.665
202312 10.835 125.072 10.938
202403 11.217 126.258 11.217

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


Boralex  (FRA:B3H) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.00/8.07
=2.97

* 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 Boralex was 5.88. The lowest was 1.24. And the median was 2.31.


Be Aware

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


Boralex Cyclically Adjusted Book per Share Related Terms

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


Boralex (FRA:B3H) Business Description

Traded in Other Exchanges
Address
36, Rue Lajeunesse, Juridique, Kingsey Falls, QC, CAN, J0A 1B0
Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy power stations in Canada, France, the United States and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.

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