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Bermas (BSE:BRM) Cyclically Adjusted Book per Share : lei1.29 (As of Mar. 2024)


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What is Bermas 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.

Bermas's adjusted book value per share for the three months ended in Mar. 2024 was lei0.986. 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 lei1.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bermas's average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.70% 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 Bermas was 3.70% per year. The lowest was 3.70% per year. And the median was 3.70% per year.

As of today (2024-06-04), Bermas's current stock price is lei2.86. Bermas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was lei1.29. Bermas's Cyclically Adjusted PB Ratio of today is 2.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bermas was 2.33. The lowest was 1.40. And the median was 1.95.


Bermas Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bermas'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.

Bermas Cyclically Adjusted Book per Share Chart

Bermas 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 - 1.14 1.20 1.25 1.27

Bermas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.27 1.28 1.28 1.27 1.29

Competitive Comparison of Bermas's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Bermas'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.


Bermas's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Bermas's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bermas 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, Bermas's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.986/131.7762*131.7762
=0.986

Current CPI (Mar. 2024) = 131.7762.

Bermas Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.979 100.560 1.283
201409 1.038 100.428 1.362
201412 1.047 99.070 1.393
201503 0.991 99.621 1.311
201506 1.026 100.684 1.343
201509 1.120 100.392 1.470
201512 1.079 99.792 1.425
201603 1.043 100.470 1.368
201606 1.052 101.688 1.363
201609 1.137 101.861 1.471
201612 1.093 101.863 1.414
201703 1.055 102.862 1.352
201706 1.066 103.349 1.359
201709 1.159 104.136 1.467
201712 1.110 104.011 1.406
201803 0.996 105.290 1.247
201806 1.041 106.317 1.290
201809 1.135 106.507 1.404
201812 1.080 105.998 1.343
201903 1.027 107.251 1.262
201906 1.040 108.070 1.268
201909 1.231 108.329 1.497
201912 1.172 108.420 1.424
202003 1.033 108.902 1.250
202006 0.993 108.767 1.203
202009 1.173 109.815 1.408
202012 1.102 109.897 1.321
202103 1.044 111.754 1.231
202106 1.045 114.631 1.201
202109 1.148 115.734 1.307
202112 1.115 117.630 1.249
202203 1.012 121.301 1.099
202206 1.014 125.017 1.069
202209 1.079 125.227 1.135
202212 1.091 125.222 1.148
202303 1.003 127.348 1.038
202306 1.025 128.729 1.049
202309 1.115 129.860 1.131
202312 1.100 129.419 1.120
202403 0.986 131.776 0.986

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


Bermas  (BSE:BRM) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.86/1.29
=2.22

* 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 Bermas was 2.33. The lowest was 1.40. And the median was 1.95.


Be Aware

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


Bermas Cyclically Adjusted Book per Share Related Terms

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


Bermas (BSE:BRM) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Strada Humorului nr. 61, Scheia, Suceava, ROU, 723636
Bermas SA is a Romania-based company engaged in the brewing industry. The company is involved in the production and marketing of beer, malt, and other alcoholic and soft drinks, derivatives, and by-products. Its product portfolio comprises the following types of beer; Suceava Classic, Calimani beer, Bermas beer, and solca beer.

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