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Canadian Utilities (STU:CUD) Cyclically Adjusted Book per Share : €14.22 (As of Mar. 2024)


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What is Canadian Utilities 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.

Canadian Utilities's adjusted book value per share for the three months ended in Mar. 2024 was €13.653. 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 €14.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Canadian Utilities's average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.70% 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 Canadian Utilities was 7.20% per year. The lowest was 4.50% per year. And the median was 5.90% per year.

As of today (2024-06-04), Canadian Utilities's current stock price is €20.77. Canadian Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.22. Canadian Utilities's Cyclically Adjusted PB Ratio of today is 1.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Canadian Utilities was 3.37. The lowest was 1.35. And the median was 2.21.


Canadian Utilities Cyclically Adjusted Book per Share Historical Data

The historical data trend for Canadian Utilities'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.

Canadian Utilities Cyclically Adjusted Book per Share Chart

Canadian Utilities 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 11.88 11.15 12.99 14.19 14.18

Canadian Utilities 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 14.03 14.36 14.77 14.18 14.22

Competitive Comparison of Canadian Utilities's Cyclically Adjusted Book per Share

For the Utilities - Diversified subindustry, Canadian Utilities'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.


Canadian Utilities's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Canadian Utilities's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Canadian Utilities 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, Canadian Utilities'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)
=13.653/126.2576*126.2576
=13.653

Current CPI (Mar. 2024) = 126.2576.

Canadian Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.000 99.473 13.962
201409 11.832 99.394 15.030
201412 11.970 98.367 15.364
201503 12.728 99.789 16.104
201506 12.470 100.500 15.666
201509 11.677 100.421 14.681
201512 11.345 99.947 14.331
201603 11.976 101.054 14.963
201606 12.044 102.002 14.908
201609 11.862 101.765 14.717
201612 12.134 101.449 15.101
201703 12.601 102.634 15.501
201706 11.947 103.029 14.641
201709 12.254 103.345 14.971
201712 11.399 103.345 13.926
201803 10.945 105.004 13.160
201806 11.171 105.557 13.362
201809 11.492 105.636 13.735
201812 11.717 105.399 14.036
201903 11.861 106.979 13.998
201906 12.202 107.690 14.306
201909 13.056 107.611 15.318
201912 13.133 107.769 15.386
202003 12.823 107.927 15.001
202006 12.421 108.401 14.467
202009 12.066 108.164 14.084
202012 12.084 108.559 14.054
202103 12.872 110.298 14.735
202106 12.719 111.720 14.374
202109 12.532 112.905 14.014
202112 12.999 113.774 14.425
202203 13.862 117.646 14.877
202206 14.317 120.806 14.963
202209 14.683 120.648 15.366
202212 13.666 120.964 14.264
202303 13.611 122.702 14.005
202306 13.827 124.203 14.056
202309 13.323 125.230 13.432
202312 13.555 125.072 13.683
202403 13.653 126.258 13.653

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


Canadian Utilities  (STU:CUD) 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.

Canadian Utilities's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.77/14.22
=1.46

* 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 Canadian Utilities was 3.37. The lowest was 1.35. And the median was 2.21.


Be Aware

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


Canadian Utilities Cyclically Adjusted Book per Share Related Terms

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


Canadian Utilities (STU:CUD) Business Description

Address
5302 Forand Street S.W., 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4
Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.

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