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Basf SE (STU:BASA) Cyclically Adjusted Book per Share : €11.07 (As of Mar. 2024)


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What is Basf SE 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.

Basf SE's adjusted book value per share for the three months ended in Mar. 2024 was €10.411. 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 €11.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Basf SE's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.10% 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 Basf SE was 8.90% per year. The lowest was -2.30% per year. And the median was 6.75% per year.

As of today (2024-05-24), Basf SE's current stock price is €12.20. Basf SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.07. Basf SE's Cyclically Adjusted PB Ratio of today is 1.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Basf SE was 3.99. The lowest was 0.92. And the median was 2.24.


Basf SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Basf SE'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.

Basf SE Cyclically Adjusted Book per Share Chart

Basf SE 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 8.13 8.54 9.42 10.29 11.23

Basf SE 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 10.99 10.69 10.91 11.23 11.07

Competitive Comparison of Basf SE's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Basf SE'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.


Basf SE's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Basf SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Basf SE 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, Basf SE'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)
=10.411/125.0381*125.0381
=10.411

Current CPI (Mar. 2024) = 125.0381.

Basf SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.105 99.543 8.925
201409 7.327 99.823 9.178
201412 7.516 99.543 9.441
201503 7.957 99.717 9.978
201506 8.100 100.417 10.086
201509 8.024 100.417 9.991
201512 8.415 99.717 10.552
201603 8.239 100.017 10.300
201606 7.724 100.717 9.589
201609 7.905 101.017 9.785
201612 8.658 101.217 10.696
201703 9.180 101.417 11.318
201706 8.610 102.117 10.543
201709 8.839 102.717 10.760
201712 9.210 102.617 11.222
201803 9.635 102.917 11.706
201806 9.365 104.017 11.258
201809 9.712 104.718 11.597
201812 9.541 104.217 11.447
201903 9.983 104.217 11.977
201906 10.889 105.718 12.879
201909 11.021 106.018 12.998
201912 11.295 105.818 13.347
202003 11.574 105.718 13.689
202006 10.237 106.618 12.006
202009 9.236 105.818 10.914
202012 9.180 105.518 10.878
202103 10.409 107.518 12.105
202106 10.148 108.486 11.696
202109 10.722 109.435 12.251
202112 11.103 110.384 12.577
202203 11.198 113.968 12.286
202206 12.486 115.760 13.487
202209 13.225 118.818 13.917
202212 11.068 119.345 11.596
202303 11.386 122.402 11.631
202306 10.642 123.140 10.806
202309 10.886 124.195 10.960
202312 9.881 123.773 9.982
202403 10.411 125.038 10.411

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


Basf SE  (STU:BASA) 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.

Basf SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.20/11.07
=1.10

* 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 Basf SE was 3.99. The lowest was 0.92. And the median was 2.24.


Be Aware

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


Basf SE Cyclically Adjusted Book per Share Related Terms

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


Basf SE (STU:BASA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Basf SE (STU:BASA) » Definitions » Cyclically Adjusted Book per Share
Address
Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056
Founded in 1865 and based in Germany, BASF is the world's largest chemical company, with products spanning the full spectrum of commodities to specialties. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market position in approximately 70% of its businesses.