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Vallourec (Vallourec) Cyclically Adjusted Book per Share : $107.16 (As of Dec. 2023)


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What is Vallourec 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.

Vallourec's adjusted book value per share for the three months ended in Dec. 2023 was $9.917. 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 $107.16 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Vallourec's average Cyclically Adjusted Book Growth Rate was -24.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -19.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -16.40% 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 Vallourec was -8.80% per year. The lowest was -19.70% per year. And the median was -14.65% per year.

As of today (2024-04-28), Vallourec's current stock price is $17.74. Vallourec's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $107.16. Vallourec's Cyclically Adjusted PB Ratio of today is 0.17.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vallourec was 0.34. The lowest was 0.02. And the median was 0.10.


Vallourec Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vallourec'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.

Vallourec Cyclically Adjusted Book per Share Chart

Vallourec 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 189.92 229.79 168.31 134.84 107.16

Vallourec 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 134.84 129.65 113.60 115.72 107.16

Competitive Comparison of Vallourec's Cyclically Adjusted Book per Share

For the Steel subindustry, Vallourec'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.


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

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

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



Vallourec 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, Vallourec'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)
=9.917/118.2300*118.2300
=9.917

Current CPI (Dec. 2023) = 118.2300.

Vallourec Quarterly Data

Book Value per Share CPI Adj_Book
201403 425.296 100.240 501.624
201406 428.088 100.180 505.219
201409 404.674 99.920 478.829
201412 297.509 99.860 352.238
201503 259.147 100.170 305.870
201506 247.640 100.440 291.502
201509 210.342 99.950 248.812
201512 179.095 100.040 211.659
201603 163.246 100.020 192.967
201606 117.701 100.630 138.287
201609 109.625 100.340 129.170
201612 106.690 100.650 125.325
201703 104.862 101.170 122.545
201706 97.410 101.320 113.667
201709 96.077 101.330 112.101
201712 86.618 101.850 100.548
201803 81.580 102.750 93.871
201806 69.877 103.370 79.922
201809 65.362 103.560 74.621
201812 61.847 103.470 70.669
201903 59.967 103.890 68.244
201906 56.777 104.580 64.188
201909 52.814 104.500 59.753
201912 49.225 104.980 55.438
202003 38.733 104.590 43.784
202006 19.070 104.790 21.516
202009 13.429 104.550 15.186
202012 -6.865 104.960 -7.733
202103 -7.181 105.750 -8.028
202106 8.430 106.340 9.373
202109 8.461 106.810 9.366
202112 8.709 107.850 9.547
202203 9.581 110.490 10.252
202206 7.516 112.550 7.895
202209 7.647 112.740 8.019
202212 7.515 114.160 7.783
202303 8.376 116.790 8.479
202306 9.319 117.650 9.365
202309 9.566 118.260 9.564
202312 9.917 118.230 9.917

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


Vallourec  (OTCPK:VLOUF) 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.

Vallourec's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.74/107.16
=0.17

* 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 Vallourec was 0.34. The lowest was 0.02. And the median was 0.10.


Be Aware

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


Vallourec Cyclically Adjusted Book per Share Related Terms

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


Vallourec (Vallourec) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vallourec SA (OTCPK:VLOUF) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
12 Rue de la Verrerie, Meudon, FRA, 92190
Vallourec SA is engaged in the provision of tubular solutions to the oil and gas industry. Its expertise also extends to the industry sector including mechanicals, automobile, and construction. The company has structured its operations into the following business segments, Seamless Tubes, Specialty Products and and Holding companies and other. The group has a large portfolio of tubular products including a range of seamless tubes, specialty tubes; and connections and accessories. Its primary geographic markets are Europe, North America, South America, Asia, and Rest of the World. Geographically the company receives maximum revenue from North America.

Vallourec (Vallourec) Headlines

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Tweedy, Browne Comments on Vallourec

By Holly LaFon Holly LaFon 11-29-2012