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Star Bulk Carriers (Star Bulk Carriers) Cyclically Adjusted Book per Share : $27.09 (As of Dec. 2023)


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What is Star Bulk Carriers 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.

Star Bulk Carriers's adjusted book value per share for the three months ended in Dec. 2023 was $19.759. 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 $27.09 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Star Bulk Carriers's average Cyclically Adjusted Book Growth Rate was -21.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -36.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -36.80% 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 Star Bulk Carriers was -13.70% per year. The lowest was -40.70% per year. And the median was -32.15% per year.

As of today (2024-04-27), Star Bulk Carriers's current stock price is $24.71. Star Bulk Carriers's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $27.09. Star Bulk Carriers's Cyclically Adjusted PB Ratio of today is 0.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Star Bulk Carriers was 0.92. The lowest was 0.01. And the median was 0.05.


Star Bulk Carriers Cyclically Adjusted Book per Share Historical Data

The historical data trend for Star Bulk Carriers'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.

Star Bulk Carriers Cyclically Adjusted Book per Share Chart

Star Bulk Carriers 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 166.09 106.60 65.58 34.57 27.09

Star Bulk Carriers Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 34.57 32.21 29.92 27.24 27.09

Competitive Comparison of Star Bulk Carriers's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Star Bulk Carriers'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.


Star Bulk Carriers's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Star Bulk Carriers's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Star Bulk Carriers's Cyclically Adjusted PB Ratio falls into.



Star Bulk Carriers 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, Star Bulk Carriers'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)
=19.759/116.4647*116.4647
=19.759

Current CPI (Dec. 2023) = 116.4647.

Star Bulk Carriers Quarterly Data

Book Value per Share CPI Adj_Book
201312 45.786 102.937 51.803
201403 45.789 102.748 51.902
201406 44.834 103.060 50.665
201409 55.494 102.624 62.978
201412 52.743 100.254 61.271
201503 42.318 100.549 49.016
201506 33.915 100.838 39.171
201509 32.938 100.856 38.035
201512 25.909 100.087 30.149
201603 24.802 99.041 29.165
201606 24.017 100.121 27.938
201609 19.065 99.878 22.231
201612 18.316 100.110 21.308
201703 0.000 100.770 0.000
201706 16.847 101.138 19.400
201709 16.576 100.882 19.136
201712 16.958 100.762 19.601
201803 17.104 100.534 19.814
201806 17.113 102.121 19.517
201809 16.323 101.982 18.641
201812 16.471 101.330 18.931
201903 16.399 101.482 18.820
201906 16.087 101.837 18.398
201909 15.921 101.906 18.196
201912 16.073 102.120 18.331
202003 0.000 101.479 0.000
202006 15.550 100.239 18.067
202009 15.650 99.886 18.248
202012 15.952 99.751 18.625
202103 16.227 99.817 18.933
202106 17.183 101.270 19.761
202112 20.334 104.853 22.586
202203 20.186 108.651 21.638
202206 20.499 113.517 21.031
202209 0.000 114.371 0.000
202212 19.633 112.428 20.338
202303 19.349 113.620 19.833
202306 19.322 115.515 19.481
202309 19.452 116.234 19.491
202312 19.759 116.465 19.759

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


Star Bulk Carriers  (NAS:SBLK) 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.

Star Bulk Carriers's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.71/27.09
=0.91

* 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 Star Bulk Carriers was 0.92. The lowest was 0.01. And the median was 0.05.


Be Aware

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


Star Bulk Carriers Cyclically Adjusted Book per Share Related Terms

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


Star Bulk Carriers (Star Bulk Carriers) Business Description

Industry
Traded in Other Exchanges
Address
C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.
Executives
Ramius Advisors Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Rcg Enterprise Ltd 10 percent owner 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Rcg Carpathia Master Fund Ltd 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Rcg Baldwin Lp 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Peter A Cohen 10 percent owner, other: See Explanation of Responses 40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Thomas W Strauss 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Ramius Capital Group Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
C4s & Co Llc 10 percent owner, other: See Explanation of Responses RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Morgan B Stark 10 percent owner, other: See Explanation of Responses C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Jeffrey M Solomon 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022