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Stewart Information Services (FRA:SIU) Cyclically Adjusted Book per Share : €36.32 (As of Mar. 2024)


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What is Stewart Information Services 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.

Stewart Information Services's adjusted book value per share for the three months ended in Mar. 2024 was €45.287. 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 €36.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stewart Information Services's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.00% 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 Stewart Information Services was 13.10% per year. The lowest was -5.60% per year. And the median was 5.10% per year.

As of today (2024-05-24), Stewart Information Services's current stock price is €59.00. Stewart Information Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €36.32. Stewart Information Services's Cyclically Adjusted PB Ratio of today is 1.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Stewart Information Services was 2.38. The lowest was 0.70. And the median was 1.36.


Stewart Information Services Cyclically Adjusted Book per Share Historical Data

The historical data trend for Stewart Information Services'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.

Stewart Information Services Cyclically Adjusted Book per Share Chart

Stewart Information Services 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 26.12 24.21 29.48 35.21 36.48

Stewart Information Services 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 34.27 35.65 38.27 36.48 36.32

Competitive Comparison of Stewart Information Services's Cyclically Adjusted Book per Share

For the Insurance - Property & Casualty subindustry, Stewart Information Services'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.


Stewart Information Services's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Stewart Information Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Stewart Information Services 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, Stewart Information Services'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)
=45.287/131.7762*131.7762
=45.287

Current CPI (Mar. 2024) = 131.7762.

Stewart Information Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 21.535 100.560 28.220
201409 23.252 100.428 30.510
201412 23.418 99.070 31.149
201503 26.431 99.621 34.962
201506 25.213 100.684 32.999
201509 24.334 100.392 31.941
201512 24.749 99.792 32.681
201603 23.903 100.470 31.351
201606 24.097 101.688 31.227
201609 24.801 101.861 32.085
201612 25.942 101.863 33.560
201703 25.321 102.862 32.439
201706 24.691 103.349 31.482
201709 23.481 104.136 29.714
201712 23.947 104.011 30.339
201803 22.238 105.290 27.832
201806 23.804 106.317 29.504
201809 24.220 106.507 29.966
201812 24.960 105.998 31.030
201903 25.162 107.251 30.916
201906 25.939 108.070 31.629
201909 28.858 108.329 35.104
201912 28.367 108.420 34.478
202003 27.966 108.902 33.840
202006 29.268 108.767 35.459
202009 29.992 109.815 35.990
202012 30.911 109.897 37.065
202103 32.648 111.754 38.497
202106 34.963 114.631 40.192
202109 38.182 115.734 43.474
202112 42.188 117.630 47.262
202203 44.113 121.301 47.922
202206 47.133 125.017 49.681
202209 50.082 125.227 52.701
202212 47.396 125.222 49.877
202303 46.364 127.348 47.976
202306 45.986 128.729 47.075
202309 46.305 129.860 46.988
202312 45.947 129.419 46.784
202403 45.287 131.776 45.287

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


Stewart Information Services  (FRA:SIU) 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.

Stewart Information Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=59.00/36.32
=1.62

* 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 Stewart Information Services was 2.38. The lowest was 0.70. And the median was 1.36.


Be Aware

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


Stewart Information Services Cyclically Adjusted Book per Share Related Terms

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


Stewart Information Services (FRA:SIU) Business Description

Traded in Other Exchanges
Address
1360 Post Oak Boulevard, Suite 100, Houston, TX, USA, 77056
Stewart Information Services Corp is a customer-focused, title insurance and real estate services company offering products and services to home buyers and sellers, mortgage lenders and servicers, attorneys, and home builders. It has three operating segments; Title insurance and related services include the functions of searching, examining, closing, and insuring the condition of the title to real property. It also includes home and personal insurance services, Real estate solutions segment supports the real estate mortgage industry by providing appraisal management services, online notarization and closing solutions, credit, and real estate information services, search and valuation services, and Corporate and Other segment is comprised of the parent holding company.

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