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Great-West Lifeco (Great-West Lifeco) Cyclically Adjusted Book per Share : $18.79 (As of Dec. 2023)


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What is Great-West Lifeco 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.

Great-West Lifeco's adjusted book value per share for the three months ended in Dec. 2023 was $19.278. 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 $18.79 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Great-West Lifeco's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Great-West Lifeco was 10.10% per year. The lowest was 5.00% per year. And the median was 5.90% per year.

As of today (2024-04-28), Great-West Lifeco's current stock price is $29.494. Great-West Lifeco's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $18.79. Great-West Lifeco's Cyclically Adjusted PB Ratio of today is 1.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Great-West Lifeco was 2.70. The lowest was 1.09. And the median was 1.93.


Great-West Lifeco Cyclically Adjusted Book per Share Historical Data

The historical data trend for Great-West Lifeco'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.

Great-West Lifeco Cyclically Adjusted Book per Share Chart

Great-West Lifeco 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 13.92 14.41 16.54 17.20 18.79

Great-West Lifeco 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 17.20 17.62 18.41 18.12 18.79

Competitive Comparison of Great-West Lifeco's Cyclically Adjusted Book per Share

For the Insurance - Life subindustry, Great-West Lifeco'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.


Great-West Lifeco's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Great-West Lifeco's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Great-West Lifeco's Cyclically Adjusted PB Ratio falls into.



Great-West Lifeco 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, Great-West Lifeco'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)
=19.278/125.4675*125.4675
=19.278

Current CPI (Dec. 2023) = 125.4675.

Great-West Lifeco Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.453 98.604 18.391
201406 14.808 99.473 18.678
201409 15.019 99.394 18.959
201412 14.564 98.367 18.576
201503 14.008 99.789 17.613
201506 14.785 100.500 18.458
201509 14.621 100.421 18.268
201512 14.627 99.947 18.362
201603 14.587 101.054 18.111
201606 14.764 102.002 18.161
201609 14.636 101.765 18.045
201612 14.811 101.449 18.318
201703 14.929 102.634 18.250
201706 15.006 103.029 18.274
201709 16.225 103.345 19.698
201712 15.752 103.345 19.124
201803 16.247 105.004 19.413
201806 16.176 105.557 19.227
201809 16.304 105.636 19.365
201812 16.433 105.399 19.562
201903 16.505 106.979 19.357
201906 15.684 107.690 18.273
201909 15.876 107.611 18.510
201912 16.348 107.769 19.033
202003 16.006 107.927 18.607
202006 16.221 108.401 18.775
202009 17.063 108.164 19.793
202012 17.934 108.559 20.727
202103 18.588 110.298 21.145
202106 19.393 111.720 21.779
202109 20.528 112.905 22.812
202112 17.832 113.774 19.665
202203 20.682 117.646 22.057
202206 20.780 120.806 21.582
202209 20.410 120.648 21.225
202212 18.318 120.964 19.000
202303 18.315 122.702 18.728
202306 18.692 124.203 18.882
202309 18.940 125.230 18.976
202312 19.278 125.468 19.278

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


Great-West Lifeco  (OTCPK:GWLIF) 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.

Great-West Lifeco's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.494/18.79
=1.57

* 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 Great-West Lifeco was 2.70. The lowest was 1.09. And the median was 1.93.


Be Aware

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


Great-West Lifeco Cyclically Adjusted Book per Share Related Terms

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


Great-West Lifeco (Great-West Lifeco) Business Description

Address
100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3
Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 35% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 20%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the U.K., Ireland, and Germany. The Europe segment contributes around 28% of adjusted earnings and the reinsurance business accounts for around 17% of adjusted earnings.