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Matson (STU:68M) Cyclically Adjusted Book per Share : €27.17 (As of Mar. 2024)


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What is Matson 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.

Matson's adjusted book value per share for the three months ended in Mar. 2024 was €63.916. 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 €27.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Matson's average Cyclically Adjusted Book Growth Rate was 29.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 22.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.80% 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 Matson was 22.20% per year. The lowest was -6.80% per year. And the median was 1.80% per year.

As of today (2024-05-19), Matson's current stock price is €106.00. Matson's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €27.17. Matson's Cyclically Adjusted PB Ratio of today is 3.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Matson was 7.53. The lowest was 0.98. And the median was 2.03.


Matson Cyclically Adjusted Book per Share Historical Data

The historical data trend for Matson'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.

Matson Cyclically Adjusted Book per Share Chart

Matson 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 - - 14.07 20.20 25.11

Matson 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 21.32 22.65 25.32 25.11 27.17

Competitive Comparison of Matson's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Matson'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.


Matson's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Matson 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, Matson'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)
=63.916/131.7762*131.7762
=63.916

Current CPI (Mar. 2024) = 131.7762.

Matson Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.854 100.560 7.671
201409 6.615 100.428 8.680
201412 6.830 99.070 9.085
201503 8.193 99.621 10.837
201506 7.920 100.684 10.366
201509 8.820 100.392 11.577
201512 9.509 99.792 12.557
201603 9.128 100.470 11.972
201606 9.000 101.688 11.663
201609 9.550 101.861 12.355
201612 10.936 101.863 14.148
201703 10.108 102.862 12.949
201706 9.821 103.349 12.522
201709 10.250 104.136 12.971
201712 13.464 104.011 17.058
201803 12.975 105.290 16.239
201806 14.024 106.317 17.382
201809 14.925 106.507 18.466
201812 15.548 105.998 19.329
201903 15.767 107.251 19.373
201906 15.802 108.070 19.268
201909 16.897 108.329 20.554
201912 16.903 108.420 20.544
202003 16.825 108.902 20.359
202006 16.811 108.767 20.367
202009 17.576 109.815 21.091
202012 18.289 109.897 21.930
202103 19.898 111.754 23.463
202106 22.398 114.631 25.748
202109 27.195 115.734 30.964
202112 35.991 117.630 40.319
202203 42.794 121.301 46.490
202206 51.779 125.017 54.579
202209 61.449 125.227 64.663
202212 59.732 125.222 62.859
202303 59.137 127.348 61.193
202306 59.896 128.729 61.314
202309 64.111 129.860 65.057
202312 63.995 129.419 65.160
202403 63.916 131.776 63.916

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


Matson  (STU:68M) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=106.00/27.17
=3.90

* 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 Matson was 7.53. The lowest was 0.98. And the median was 2.03.


Be Aware

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


Matson Cyclically Adjusted Book per Share Related Terms

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


Matson (STU:68M) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Matson Inc (STU:68M) » Definitions » Cyclically Adjusted Book per Share
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Address
1411 Sand Island Parkway, Honolulu, HI, USA, 96819
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and logistics which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from ocean transportation.

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