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The Brink's Co (The Brink's Co) Cyclically Adjusted Book per Share : $7.62 (As of Dec. 2023)


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What is The Brink's Co 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.

The Brink's Co's adjusted book value per share for the three months ended in Dec. 2023 was $8.930. 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 $7.62 for the trailing ten years ended in Dec. 2023.

During the past 12 months, The Brink's Co's average Cyclically Adjusted Book Growth Rate was -2.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -5.40% 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 The Brink's Co was 7.20% per year. The lowest was -10.10% per year. And the median was -2.35% per year.

As of today (2024-04-28), The Brink's Co's current stock price is $88.73. The Brink's Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.62. The Brink's Co's Cyclically Adjusted PB Ratio of today is 11.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Brink's Co was 12.12. The lowest was 1.44. And the median was 6.69.


The Brink's Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Brink's Co'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.

The Brink's Co Cyclically Adjusted Book per Share Chart

The Brink's Co 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 9.48 8.50 7.96 7.79 7.62

The Brink's Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.79 7.86 7.91 7.89 7.62

Competitive Comparison of The Brink's Co's Cyclically Adjusted Book per Share

For the Security & Protection Services subindustry, The Brink's Co'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.


The Brink's Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The Brink's Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Brink's Co 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, The Brink's Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=8.93/129.4194*129.4194
=8.930

Current CPI (Dec. 2023) = 129.4194.

The Brink's Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.219 99.695 17.160
201406 13.518 100.560 17.398
201409 13.004 100.428 16.758
201412 8.930 99.070 11.666
201503 8.014 99.621 10.411
201506 8.057 100.684 10.356
201509 7.464 100.392 9.622
201512 6.501 99.792 8.431
201603 6.791 100.470 8.748
201606 6.885 101.688 8.763
201609 7.497 101.861 9.525
201612 6.742 101.863 8.566
201703 7.873 102.862 9.906
201706 8.399 103.349 10.518
201709 9.077 104.136 11.281
201712 6.285 104.011 7.820
201803 6.721 105.290 8.261
201806 4.373 106.317 5.323
201809 4.411 106.507 5.360
201812 3.093 105.998 3.776
201903 3.313 107.251 3.998
201906 3.884 108.070 4.651
201909 3.384 108.329 4.043
201912 3.828 108.420 4.569
202003 1.313 108.902 1.560
202006 2.204 108.767 2.622
202009 1.822 109.815 2.147
202012 2.602 109.897 3.064
202103 2.008 111.754 2.325
202106 3.494 114.631 3.945
202109 2.473 115.734 2.765
202112 2.595 117.630 2.855
202203 5.042 121.301 5.379
202206 5.095 125.017 5.274
202209 4.340 125.227 4.485
202212 9.657 125.222 9.981
202303 10.319 127.348 10.487
202306 11.666 128.729 11.729
202309 10.216 129.860 10.181
202312 8.930 129.419 8.930

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


The Brink's Co  (NYSE:BCO) 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.

The Brink's Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=88.73/7.62
=11.64

* 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 The Brink's Co was 12.12. The lowest was 1.44. And the median was 6.69.


Be Aware

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


The Brink's Co Cyclically Adjusted Book per Share Related Terms

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


The Brink's Co (The Brink's Co) Business Description

Industry
Traded in Other Exchanges
Address
1801 Bayberry Court, P.O. Box 18100, Richmond, VA, USA, 23226-8100
The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.
Executives
Arthelbert Louis Parker director THE BRINK'S COMPANY, 1801 BAYBERRY CT, 4TH FL, PO BOX 18100, RICHMOND VA 23226
Dominik Bossart officer: SVP 1800 BAYBERRY COURT, PO BOX 18100, RICHMOND VA 23226
Elizabeth A Galloway officer: EVP and CHRO AT HOME GROUP INC., 1600 EAST PLANO PARKWAY, PLANO TX 75074
Michael F Beech officer: Executive Vice President THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Michael J Herling director 177 BROAD STREET, 15TH FLOOR, STAMFORD CT 06901
Keith R Wyche director 1801 BAYBERRY COURT, PO BOX 18100, RICHMOND VA 23226
Kurt B Mcmaken officer: EVP, Chief Financial Officer THE BRINK'S COMANY, 1801 BAYBERRY COURT, PO BOX 18100, RICHMOND VA 23226
Simon Davis officer: SVP, CHRO 5757 N GREEN BAY AVE, MILWAUKEE WI 53209
Daniel J Castillo officer: EVP 2645 SILVER CRESCENT DRIVE, CHARLOTTE NC 28273
Susan E Docherty director THE BRINK'S COMPANY, 1801 BAYBERRY COURT, 4TH FLOOR, RICHMOND VA 23226
Kathie J. Andrade director 6300 LAMAR AVENUE, OVERLAND PARK KS 66202
Rohan Pal officer: EVP, Chief Information Officer 1801 BAYBERRY COURT, RICHMOND VA 23226
Michael E Sweeney officer: Controller C/O LIQUIDITY SERVICES, INC., 1920 L STREET, N.W., 6TH FLOOR, WASHINGTON DC 20036
Timothy Joseph Tynan director 1801 BAYBERRY COURT, PO BOX 18100, RICHMOND VA 23226
Lindsay K. Blackwood officer: EVP & General Counsel 1801 BAYBERRY COURT, PO BOX 18100, RICHMOND VA 23226

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