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ASC (Ardmore Shipping) Cyclically Adjusted Book per Share : $13.71 (As of Mar. 2025)


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What is Ardmore Shipping 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.

Ardmore Shipping's adjusted book value per share for the three months ended in Mar. 2025 was $15.032. 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 $13.71 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ardmore Shipping's average Cyclically Adjusted Book Growth Rate was -0.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 Ardmore Shipping was 2.20% per year. The lowest was 2.20% per year. And the median was 2.20% per year.

As of today (2025-07-04), Ardmore Shipping's current stock price is $10.25. Ardmore Shipping's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $13.71. Ardmore Shipping's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ardmore Shipping was 1.67. The lowest was 0.26. And the median was 0.91.


Ardmore Shipping Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ardmore Shipping'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.

Ardmore Shipping Cyclically Adjusted Book per Share Chart

Ardmore Shipping Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 12.74 13.33 13.79 13.59

Ardmore Shipping Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 13.77 13.62 13.62 13.59 13.71

Competitive Comparison of Ardmore Shipping's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Ardmore Shipping'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.


Ardmore Shipping's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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


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Ardmore Shipping 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, Ardmore Shipping's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=15.032/134.9266*134.9266
=15.032

Current CPI (Mar. 2025) = 134.9266.

Ardmore Shipping Quarterly Data

Book Value per Share CPI Adj_Book
201506 12.920 100.684 17.314
201509 13.355 100.392 17.949
201512 13.263 99.792 17.933
201603 13.461 100.470 18.077
201606 12.401 101.688 16.454
201609 12.145 101.861 16.087
201612 12.040 101.863 15.948
201703 11.979 102.862 15.713
201706 11.927 103.349 15.571
201709 11.793 104.136 15.280
201712 11.854 104.011 15.377
201803 11.652 105.290 14.932
201806 11.339 106.317 14.390
201809 10.984 106.507 13.915
201812 10.471 105.998 13.329
201903 10.208 107.251 12.842
201906 9.925 108.070 12.392
201909 9.772 108.329 12.171
201912 9.851 108.420 12.259
202003 9.982 108.902 12.367
202006 10.376 108.767 12.872
202009 10.203 109.815 12.536
202012 9.652 109.897 11.850
202103 9.388 111.754 11.335
202106 9.041 114.631 10.642
202109 8.687 115.734 10.128
202112 8.496 117.630 9.745
202203 8.321 121.301 9.256
202206 9.058 125.017 9.776
202209 10.266 125.227 11.061
202212 11.554 125.222 12.449
202303 12.058 127.348 12.776
202306 12.199 128.729 12.786
202309 12.519 129.860 13.007
202312 13.011 129.419 13.565
202403 13.674 131.776 14.001
202406 14.763 132.554 15.027
202409 14.924 133.029 15.137
202412 15.020 133.157 15.220
202503 15.032 134.927 15.032

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


Ardmore Shipping  (NYSE:ASC) 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.

Ardmore Shipping's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.25/13.71
=0.75

* 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 Ardmore Shipping was 1.67. The lowest was 0.26. And the median was 0.91.


Be Aware

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


Ardmore Shipping Cyclically Adjusted Book per Share Related Terms

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


Ardmore Shipping Business Description

Industry
Traded in Other Exchanges
Address
7 Church Street, Dorchester House, Hamilton, BMU, HM11
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company operates its business in one operating segment, the transportation of refined petroleum products and chemicals.