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Elbit Systems (Elbit Systems) Cyclically Adjusted Book per Share : $54.40 (As of Dec. 2023)


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What is Elbit Systems 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.

Elbit Systems's adjusted book value per share for the three months ended in Dec. 2023 was $66.305. 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 $54.40 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Elbit Systems's average Cyclically Adjusted Book Growth Rate was 9.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Elbit Systems was 12.70% per year. The lowest was 6.30% per year. And the median was 10.10% per year.

As of today (2024-04-30), Elbit Systems's current stock price is $203.14. Elbit Systems's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $54.40. Elbit Systems's Cyclically Adjusted PB Ratio of today is 3.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Elbit Systems was 5.19. The lowest was 2.25. And the median was 3.82.


Elbit Systems Cyclically Adjusted Book per Share Historical Data

The historical data trend for Elbit Systems'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.

Elbit Systems Cyclically Adjusted Book per Share Chart

Elbit Systems 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 36.68 42.72 51.32 51.71 54.40

Elbit Systems 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 51.71 52.08 51.73 51.07 54.40

Competitive Comparison of Elbit Systems's Cyclically Adjusted Book per Share

For the Aerospace & Defense subindustry, Elbit Systems'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.


Elbit Systems's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Elbit Systems 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, Elbit Systems'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)
=66.305/129.4194*129.4194
=66.305

Current CPI (Dec. 2023) = 129.4194.

Elbit Systems Quarterly Data

Book Value per Share CPI Adj_Book
201403 28.399 99.695 36.866
201406 29.151 100.560 37.517
201409 29.449 100.428 37.950
201412 28.737 99.070 37.540
201503 29.525 99.621 38.356
201506 30.751 100.684 39.527
201509 31.254 100.392 40.291
201512 32.562 99.792 42.229
201603 33.969 100.470 43.757
201606 34.418 101.688 43.804
201609 35.809 101.861 45.497
201612 36.491 101.863 46.363
201703 37.481 102.862 47.158
201706 38.405 103.349 48.093
201709 39.119 104.136 48.617
201712 39.960 104.011 49.722
201803 40.719 105.290 50.051
201806 42.327 106.317 51.525
201809 43.586 106.507 52.963
201812 42.861 105.998 52.332
201903 42.658 107.251 51.475
201906 47.620 108.070 57.028
201909 48.894 108.329 58.413
201912 48.450 108.420 57.834
202003 49.266 108.902 58.548
202006 50.691 108.767 60.316
202009 50.649 109.815 59.691
202012 50.186 109.897 59.101
202103 51.644 111.754 59.807
202106 54.068 114.631 61.043
202109 56.137 115.734 62.775
202112 57.205 117.630 62.939
202203 57.737 121.301 61.601
202206 57.282 125.017 59.299
202209 58.663 125.227 60.627
202212 62.133 125.222 64.216
202303 62.658 127.348 63.677
202306 62.963 128.729 63.301
202309 64.024 129.860 63.807
202312 66.305 129.419 66.305

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


Elbit Systems  (NAS:ESLT) 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.

Elbit Systems's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=203.14/54.4
=3.73

* 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 Elbit Systems was 5.19. The lowest was 2.25. And the median was 3.82.


Be Aware

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


Elbit Systems Cyclically Adjusted Book per Share Related Terms

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


Elbit Systems (Elbit Systems) Business Description

Industry
Traded in Other Exchanges
Address
Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.