GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Shyft Group Inc (NAS:SHYF) » Definitions » Cyclically Adjusted Book per Share

The Shyft Group (The Shyft Group) Cyclically Adjusted Book per Share : $6.52 (As of Mar. 2024)


View and export this data going back to 1990. Start your Free Trial

What is The Shyft Group 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.

The Shyft Group's adjusted book value per share for the three months ended in Mar. 2024 was $7.183. 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 $6.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, The Shyft Group's average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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 The Shyft Group was 15.10% per year. The lowest was 0.10% per year. And the median was 6.00% per year.

As of today (2024-05-03), The Shyft Group's current stock price is $12.52. The Shyft Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.52. The Shyft Group's Cyclically Adjusted PB Ratio of today is 1.92.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Shyft Group was 9.14. The lowest was 0.54. And the median was 1.87.


The Shyft Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Shyft Group'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.

The Shyft Group Cyclically Adjusted Book per Share Chart

The Shyft Group 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 5.47 5.44 5.83 6.22 6.50

The Shyft Group 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 6.34 6.43 6.50 6.50 6.52

Competitive Comparison of The Shyft Group's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, The Shyft Group'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.


The Shyft Group's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Shyft Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Shyft Group 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, The Shyft Group'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)
=7.183/129.4194*129.4194
=7.183

Current CPI (Mar. 2024) = 129.4194.

The Shyft Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.895 100.560 6.300
201409 4.993 100.428 6.434
201412 4.950 99.070 6.466
201503 4.846 99.621 6.296
201506 4.837 100.684 6.217
201509 4.672 100.392 6.023
201512 4.352 99.792 5.644
201603 4.308 100.470 5.549
201606 4.389 101.688 5.586
201609 4.481 101.861 5.693
201612 4.468 101.863 5.677
201703 4.338 102.862 5.458
201706 4.358 103.349 5.457
201709 4.768 104.136 5.926
201712 4.813 104.011 5.989
201803 4.962 105.290 6.099
201806 5.066 106.317 6.167
201809 5.243 106.507 6.371
201812 5.287 105.998 6.455
201903 5.295 107.251 6.389
201906 5.332 108.070 6.385
201909 5.669 108.329 6.773
201912 4.874 108.420 5.818
202003 5.138 108.902 6.106
202006 5.063 108.767 6.024
202009 5.626 109.815 6.630
202012 5.668 109.897 6.675
202103 5.862 111.754 6.789
202106 6.342 114.631 7.160
202109 6.966 115.734 7.790
202112 7.532 117.630 8.287
202203 6.498 121.301 6.933
202206 6.643 125.017 6.877
202209 7.121 125.227 7.359
202212 7.660 125.222 7.917
202303 7.358 127.348 7.478
202306 7.470 128.729 7.510
202309 7.456 129.860 7.431
202312 7.351 129.419 7.351
202403 7.183 129.419 7.183

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


The Shyft Group  (NAS:SHYF) 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.

The Shyft Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.52/6.52
=1.92

* 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 The Shyft Group was 9.14. The lowest was 0.54. And the median was 1.87.


Be Aware

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


The Shyft Group Cyclically Adjusted Book per Share Related Terms

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


The Shyft Group (The Shyft Group) Business Description

Traded in Other Exchanges
Address
41280 Bridge Street, Novi, MI, USA, 48375
The Shyft Group Inc is engaged in specialty vehicle manufacturing and assembly for the commercial vehicle (including last-mile delivery, specialty service and vocation-specific upfit segments) and recreational vehicle industries. Its products include walk-in vans, truck bodies, and cargo van and pick-up truck upfits used in e-commerce/parcel delivery, upfit equipment used in the mobile retail and utility trades, as well as luxury Class A diesel motorhome custom chassis and contract manufacturing and assembly services. It also supply replacement parts and offer repair, maintenance, field service and refurbishment services for the vehicles that company manufacture.
Executives
Joshua A Sherbin officer: Chief Legal Officer 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Jonathan C Douyard officer: Chief Financial Officer C/O SPARTAN MOTORS, INC., 41280 BRIDGE STREET, NOVI MI 48375
Michael Dinkins director 6166 NW 85TH WAY, PARKLAND FL 33067
Terri Pizzuto director 3050 HIGHLAND PARKWAY, STE 100, DOWNERS GROVA IL 60515
Pamela L Kermisch director C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Mark B. Rourke director 3101 PACKERLAND DRIVE, GREEN BAY WI 54313
James A. Sharman director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Jacob Owen Farmer officer: President, Specialty Vehicles C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Stephen K Guillaume officer: President, Specialty Chassis C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
John Albert Dunn officer: President Fleet Vehicles & Svc C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Hindman Colin E officer: Chief Human Resources Officer 3130 STONEY CREEK ROAD, OAKLAND MI 48363
Scott Matthew Ocholik officer: Chief Accounting Officer C/O THE SHYFT GROUP, 41280 BRIDGE STREET, NOVI MI 48375
Carl A. Esposito director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Thomas R Clevinger director C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Daryl M Adams officer: Chief Operating Officer C/O SPARTAN MOTORS, INC., 1541 REYNOLDS ROAD, CHARLOTTE MI 48813