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Enlight Renewable Energy (XTAE:ENLT) Cyclically Adjusted Book per Share : ₪16.98 (As of Mar. 2024)


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What is Enlight Renewable Energy 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.

Enlight Renewable Energy's adjusted book value per share for the three months ended in Mar. 2024 was ₪36.831. 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 ₪16.98 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Enlight Renewable Energy's average Cyclically Adjusted Book Growth Rate was 25.20% 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.

As of today (2024-05-26), Enlight Renewable Energy's current stock price is ₪64.16. Enlight Renewable Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₪16.98. Enlight Renewable Energy's Cyclically Adjusted PB Ratio of today is 3.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Enlight Renewable Energy was 7.44. The lowest was 3.34. And the median was 4.81.


Enlight Renewable Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Enlight Renewable Energy'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.

Enlight Renewable Energy Cyclically Adjusted Book per Share Chart

Enlight Renewable Energy 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 - - - 12.71 15.82

Enlight Renewable Energy 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 13.55 14.30 14.99 15.82 16.98

Competitive Comparison of Enlight Renewable Energy's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, Enlight Renewable Energy'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.


Enlight Renewable Energy's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Enlight Renewable Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Enlight Renewable Energy 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, Enlight Renewable Energy'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)
=36.831/131.7762*131.7762
=36.831

Current CPI (Mar. 2024) = 131.7762.

Enlight Renewable Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.812 100.560 4.995
201409 4.385 100.428 5.754
201412 3.783 99.070 5.032
201503 4.604 99.621 6.090
201506 4.242 100.684 5.552
201509 4.221 100.392 5.541
201512 4.270 99.792 5.639
201603 5.035 100.470 6.604
201606 5.230 101.688 6.777
201609 5.376 101.861 6.955
201612 5.117 101.863 6.620
201703 0.000 102.862 0.000
201706 0.000 103.349 0.000
201709 0.000 104.136 0.000
201712 7.057 104.011 8.941
201803 7.119 105.290 8.910
201806 7.544 106.317 9.351
201809 7.657 106.507 9.474
201812 7.224 105.998 8.981
201903 7.429 107.251 9.128
201906 10.415 108.070 12.700
201909 10.227 108.329 12.441
201912 14.314 108.420 17.398
202003 13.785 108.902 16.681
202006 14.915 108.767 18.070
202009 18.020 109.815 21.624
202012 16.233 109.897 19.465
202103 21.484 111.754 25.333
202106 21.917 114.631 25.195
202109 21.998 115.734 25.047
202112 21.068 117.630 23.602
202203 23.655 121.301 25.698
202206 23.449 125.017 24.717
202209 26.387 125.227 27.767
202212 28.965 125.222 30.481
202303 34.737 127.348 35.945
202306 35.177 128.729 36.010
202309 35.442 129.860 35.965
202312 36.255 129.419 36.915
202403 36.831 131.776 36.831

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


Enlight Renewable Energy  (XTAE:ENLT) 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.

Enlight Renewable Energy's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=64.16/16.98
=3.78

* 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 Enlight Renewable Energy was 7.44. The lowest was 3.34. And the median was 4.81.


Be Aware

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


Enlight Renewable Energy Cyclically Adjusted Book per Share Related Terms

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


Enlight Renewable Energy (XTAE:ENLT) Business Description

Traded in Other Exchanges
Address
13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249
Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.