GURUFOCUS.COM » STOCK LIST » Technology » Software » Wirtek A/S (OCSE:WIRTEK) » Definitions » Cyclically Adjusted Book per Share

Wirtek A/S (OCSE:WIRTEK) Cyclically Adjusted Book per Share : kr0.91 (As of Mar. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Wirtek A/S 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.

Wirtek A/S's adjusted book value per share for the three months ended in Mar. 2024 was kr2.541. 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 kr0.91 for the trailing ten years ended in Mar. 2024.

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 (2024-05-23), Wirtek A/S's current stock price is kr10.00. Wirtek A/S's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr0.91. Wirtek A/S's Cyclically Adjusted PB Ratio of today is 10.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wirtek A/S was 14.14. The lowest was 10.26. And the median was 11.62.


Wirtek A/S Cyclically Adjusted Book per Share Historical Data

The historical data trend for Wirtek A/S'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.

Wirtek A/S Cyclically Adjusted Book per Share Chart

Wirtek A/S 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 - - - - 0.86

Wirtek A/S 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 - 0.81 0.85 0.86 0.91

Competitive Comparison of Wirtek A/S's Cyclically Adjusted Book per Share

For the Information Technology Services subindustry, Wirtek A/S'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.


Wirtek A/S's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Wirtek A/S's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Wirtek A/S's Cyclically Adjusted PB Ratio falls into.



Wirtek A/S 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, Wirtek A/S'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)
=2.541/118.4000*118.4000
=2.541

Current CPI (Mar. 2024) = 118.4000.

Wirtek A/S Quarterly Data

Book Value per Share CPI Adj_Book
200912 0.310 91.400 0.402
201006 0.339 93.300 0.430
201012 0.073 94.000 0.092
201106 0.087 96.100 0.107
201112 0.057 96.300 0.070
201206 0.096 98.200 0.116
201212 0.163 98.300 0.196
201306 0.242 99.100 0.289
201312 0.250 99.000 0.299
201406 0.228 99.700 0.271
201412 0.263 99.400 0.313
201506 0.243 100.300 0.287
201512 0.263 99.800 0.312
201606 0.316 100.600 0.372
201612 0.333 100.300 0.393
201706 0.251 101.200 0.294
201712 0.353 101.300 0.413
201806 0.386 102.300 0.447
201812 0.434 102.100 0.503
201903 0.000 102.900 0.000
201906 0.403 102.900 0.464
201909 0.000 102.900 0.000
201912 0.540 102.900 0.621
202003 0.648 103.300 0.743
202006 0.592 103.200 0.679
202009 0.698 103.500 0.798
202012 1.079 103.400 1.236
202103 1.287 104.300 1.461
202106 0.900 105.000 1.015
202109 1.120 105.800 1.253
202112 1.299 106.600 1.443
202203 1.578 109.900 1.700
202206 1.839 113.600 1.917
202209 2.036 116.400 2.071
202212 2.096 115.900 2.141
202303 2.219 117.300 2.240
202306 2.128 116.400 2.165
202309 2.171 117.400 2.189
202312 2.399 116.700 2.434
202403 2.541 118.400 2.541

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


Wirtek A/S  (OCSE:WIRTEK) 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.

Wirtek A/S's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.00/0.91
=10.99

* 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 Wirtek A/S was 14.14. The lowest was 10.26. And the median was 11.62.


Be Aware

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


Wirtek A/S Cyclically Adjusted Book per Share Related Terms

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


Wirtek A/S (OCSE:WIRTEK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Wirtek A/S (OCSE:WIRTEK) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
Niels Jernes Vej 10, Aalborg, DNK, 9220
Wirtek A/S is a Danish software outsourcing company. It provides consultancy services in the field of software development and product testing. It creates software solutions and electronic equipment products. Its business units involve Electronic Equipment Services and Software Engineering Services. The company earns the majority of its revenue from Software Engineering services.

Wirtek A/S (OCSE:WIRTEK) Headlines

No Headlines