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Flughafen Wien Ag (FRA:FLW1) Cyclically Adjusted Book per Share : €17.00 (As of Mar. 2024)


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What is Flughafen Wien Ag 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.

Flughafen Wien Ag's adjusted book value per share for the three months ended in Mar. 2024 was €17.353. 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 €17.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Flughafen Wien Ag's average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Flughafen Wien Ag was 8.40% per year. The lowest was 4.30% per year. And the median was 5.90% per year.

As of today (2024-05-28), Flughafen Wien Ag's current stock price is €49.50. Flughafen Wien Ag's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €17.00. Flughafen Wien Ag's Cyclically Adjusted PB Ratio of today is 2.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Flughafen Wien Ag was 3.23. The lowest was 1.56. And the median was 2.60.


Flughafen Wien Ag Cyclically Adjusted Book per Share Historical Data

The historical data trend for Flughafen Wien Ag'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.

Flughafen Wien Ag Cyclically Adjusted Book per Share Chart

Flughafen Wien Ag 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 12.75 13.13 14.07 15.57 16.62

Flughafen Wien Ag 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 15.98 16.24 16.68 16.62 17.00

Competitive Comparison of Flughafen Wien Ag's Cyclically Adjusted Book per Share

For the Airports & Air Services subindustry, Flughafen Wien Ag'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.


Flughafen Wien Ag's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Flughafen Wien Ag's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Flughafen Wien Ag 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, Flughafen Wien Ag'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)
=17.353/133.7589*133.7589
=17.353

Current CPI (Mar. 2024) = 133.7589.

Flughafen Wien Ag Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.999 99.496 14.787
201409 11.278 99.586 15.148
201412 11.339 99.676 15.216
201503 11.513 99.992 15.401
201506 11.497 100.492 15.303
201509 11.942 100.292 15.927
201512 12.341 100.692 16.394
201603 12.933 100.692 17.180
201606 12.955 101.092 17.141
201609 13.437 101.192 17.762
201612 12.628 102.092 16.545
201703 12.806 102.592 16.696
201706 12.647 102.991 16.425
201709 13.217 103.591 17.066
201712 13.363 104.291 17.139
201803 13.613 104.491 17.426
201806 13.492 105.091 17.172
201809 14.131 105.691 17.884
201812 14.296 106.291 17.990
201903 14.579 106.391 18.329
201906 14.278 106.791 17.884
201909 14.962 106.991 18.705
201912 15.202 108.091 18.812
202003 15.356 108.024 19.014
202006 14.963 107.915 18.546
202009 14.745 108.348 18.203
202012 14.352 109.321 17.560
202103 14.076 110.186 17.087
202106 14.002 110.943 16.882
202109 14.349 111.916 17.149
202112 14.426 113.971 16.931
202203 14.500 117.647 16.486
202206 15.022 120.567 16.666
202209 15.686 123.811 16.946
202212 15.781 125.541 16.814
202303 16.061 128.460 16.723
202306 15.860 130.191 16.295
202309 16.877 131.272 17.197
202312 16.961 132.570 17.113
202403 17.353 133.759 17.353

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


Flughafen Wien Ag  (FRA:FLW1) 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.

Flughafen Wien Ag's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=49.50/17
=2.91

* 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 Flughafen Wien Ag was 3.23. The lowest was 1.56. And the median was 2.60.


Be Aware

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


Flughafen Wien Ag Cyclically Adjusted Book per Share Related Terms

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


Flughafen Wien Ag (FRA:FLW1) Business Description

Industry
Traded in Other Exchanges
Address
Vienna Airport, P.O. Box 1, Wien, AUT, A-1300
Flughafen Wien Ag manages and operates an airport. The company's segment includes Airport; Handling and Security Services; Retail and Properties; Malta and other. It generates maximum revenue from the Airport segment.

Flughafen Wien Ag (FRA:FLW1) Headlines

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