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Akzo Nobel NV (Akzo Nobel NV) Cyclically Adjusted Book per Share : $12.46 (As of Mar. 2024)


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What is Akzo Nobel NV 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.

Akzo Nobel NV's adjusted book value per share for the three months ended in Mar. 2024 was $9.717. 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 $12.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Akzo Nobel NV's average Cyclically Adjusted Book Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.40% 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 Akzo Nobel NV was 17.20% per year. The lowest was -4.10% per year. And the median was 1.00% per year.

As of today (2024-04-27), Akzo Nobel NV's current stock price is $22.38. Akzo Nobel NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $12.46. Akzo Nobel NV's Cyclically Adjusted PB Ratio of today is 1.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Akzo Nobel NV was 3.17. The lowest was 1.38. And the median was 2.15.


Akzo Nobel NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for Akzo Nobel NV'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.

Akzo Nobel NV Cyclically Adjusted Book per Share Chart

Akzo Nobel NV 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 13.43 14.07 12.97 12.55 12.85

Akzo Nobel NV 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 12.63 12.76 12.34 12.85 12.46

Competitive Comparison of Akzo Nobel NV's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Akzo Nobel NV'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.


Akzo Nobel NV's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Akzo Nobel NV 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, Akzo Nobel NV'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)
=9.717/126.4000*126.4000
=9.717

Current CPI (Mar. 2024) = 126.4000.

Akzo Nobel NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.461 99.240 13.324
201409 10.871 99.960 13.746
201412 10.880 99.050 13.884
201503 10.187 99.750 12.909
201506 9.931 100.230 12.524
201509 10.162 100.500 12.781
201512 10.637 99.730 13.482
201603 10.879 100.310 13.709
201606 11.400 100.260 14.372
201609 10.603 100.570 13.326
201612 10.278 100.710 12.900
201703 10.567 101.440 13.167
201706 10.422 101.370 12.995
201709 11.355 102.030 14.067
201712 10.302 101.970 12.770
201803 10.885 102.470 13.427
201806 10.408 103.100 12.760
201809 10.656 103.950 12.957
201812 19.702 103.970 23.952
201903 14.484 105.370 17.375
201906 12.919 105.840 15.429
201909 12.451 106.700 14.750
201912 11.782 106.800 13.944
202003 12.463 106.850 14.743
202006 11.514 107.510 13.537
202009 12.043 107.880 14.110
202012 12.225 107.850 14.328
202103 12.449 108.870 14.454
202106 12.350 109.670 14.234
202109 11.521 110.790 13.144
202112 11.250 114.010 12.473
202203 11.305 119.460 11.962
202206 10.507 119.050 11.156
202209 9.789 126.890 9.751
202212 8.977 124.940 9.082
202303 9.243 124.720 9.368
202306 8.875 125.830 8.915
202309 9.155 127.160 9.100
202312 9.208 126.400 9.208
202403 9.717 126.400 9.717

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


Akzo Nobel NV  (OTCPK:AKZOY) 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.

Akzo Nobel NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.38/12.46
=1.80

* 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 Akzo Nobel NV was 3.17. The lowest was 1.38. And the median was 2.15.


Be Aware

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


Akzo Nobel NV Cyclically Adjusted Book per Share Related Terms

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


Akzo Nobel NV (Akzo Nobel NV) Business Description

Industry
Address
Christian Neefestraat 2, Amsterdam, NH, NLD, 1077 WW
Netherlands-based AkzoNobel is the world's third-largest paint and coatings producer. Europe is the largest market, with around 46% of sales generated in the Europe, Middle East, and Africa, or EMEA, region. Cumulatively, the Asia-Pacific and Latin American divisions have also grown quickly to more than 40% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.

Akzo Nobel NV (Akzo Nobel NV) Headlines