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BlueScope Steel (BlueScope Steel) Cyclically Adjusted Book per Share : $48.67 (As of Dec. 2023)


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What is BlueScope Steel 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.

BlueScope Steel's adjusted book value per share data for the fiscal year that ended in Jun. 2023 was $77.470. 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 $48.67 for the trailing ten years ended in Jun. 2023.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.10% 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 -3.40% 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 BlueScope Steel was 13.10% per year. The lowest was -9.60% per year. And the median was -5.05% per year.

As of today (2024-04-28), BlueScope Steel's current stock price is $ 74.52. BlueScope Steel's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun. 2023 was $48.67. BlueScope Steel's Cyclically Adjusted PB Ratio of today is 1.53.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of BlueScope Steel was 2.41. The lowest was 0.17. And the median was 1.14.


BlueScope Steel Cyclically Adjusted Book per Share Historical Data

The historical data trend for BlueScope Steel'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.

BlueScope Steel Cyclically Adjusted Book per Share Chart

BlueScope Steel Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.45 34.80 40.19 43.34 48.67

BlueScope Steel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 43.34 - 48.67 -

Competitive Comparison of BlueScope Steel's Cyclically Adjusted Book per Share

For the Steel subindustry, BlueScope Steel'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.


BlueScope Steel's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

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

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



BlueScope Steel 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, BlueScope Steel's adjusted Book Value per Share data for the fiscal year that ended in Jun. 2023 was:

Adj_Book=Book Value per Share /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=77.47/124.1700*124.1700
=77.470

Current CPI (Jun. 2023) = 124.1700.

BlueScope Steel Annual Data

Book Value per Share CPI Adj_Book
201406 34.024 98.352 42.956
201506 29.184 99.838 36.297
201606 29.131 100.859 35.864
201706 34.177 102.809 41.278
201806 43.821 104.945 51.848
201906 46.148 106.617 53.746
202006 44.919 106.246 52.497
202106 57.890 110.332 65.151
202206 73.276 117.112 77.692
202306 77.470 124.170 77.470

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


BlueScope Steel  (OTCPK:BLSFY) 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.

BlueScope Steel's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=74.52/48.67
=1.53

* 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 BlueScope Steel was 2.41. The lowest was 0.17. And the median was 1.14.


Be Aware

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


BlueScope Steel Cyclically Adjusted Book per Share Related Terms

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


BlueScope Steel (BlueScope Steel) Business Description

Industry
Traded in Other Exchanges
Address
181 William Street, Level 24, Melbourne, VIC, AUS, 3000
BlueScope is an Australian-based steelmaking firm with five business units. The Australian Steel Products segment mainly specializes in branded coated and painted flat steel products, sold domestically. North Star is the group's U.S. mini-mill specializing in the production of hot rolled coil for U.S. construction and automotive sectors. Building Products Asia and North America operate across Southeast Asia, China, India, and the U.S. West Coast involved in metal-coating, painting, and roll-forming. New Zealand Steel and the Pacific Islands business produces flat and long steel products for New Zealand and building components for the Pacific Islands. The Buildings North America segment specializes in non-residential buildings, including materials manufacturing and support services.

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