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Sao Paulo Turismo (BSP:AHEB5) Cyclically Adjusted Book per Share : R$9.78 (As of Mar. 2025)


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What is Sao Paulo Turismo 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.

Sao Paulo Turismo's adjusted book value per share for the three months ended in Mar. 2025 was R$28.406. 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 R$9.78 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Sao Paulo Turismo's average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -7.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -10.50% 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 Sao Paulo Turismo was -7.90% per year. The lowest was -16.60% per year. And the median was -12.80% per year.

As of today (2025-05-31), Sao Paulo Turismo's current stock price is R$50.00. Sao Paulo Turismo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$9.78. Sao Paulo Turismo's Cyclically Adjusted PB Ratio of today is 5.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sao Paulo Turismo was 5.33. The lowest was 1.41. And the median was 2.20.


Sao Paulo Turismo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sao Paulo Turismo'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.

Sao Paulo Turismo Cyclically Adjusted Book per Share Chart

Sao Paulo Turismo 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 13.16 8.66 10.35 8.68 9.93

Sao Paulo Turismo 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 8.29 5.01 8.92 9.93 9.78

Competitive Comparison of Sao Paulo Turismo's Cyclically Adjusted Book per Share

For the Travel Services subindustry, Sao Paulo Turismo'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.


Sao Paulo Turismo's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sao Paulo Turismo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Sao Paulo Turismo 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, Sao Paulo Turismo'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)
=28.406/168.1016*168.1016
=28.406

Current CPI (Mar. 2025) = 168.1016.

Sao Paulo Turismo Quarterly Data

Book Value per Share CPI Adj_Book
201506 17.706 100.006 29.762
201509 17.693 101.392 29.334
201512 16.684 104.247 26.903
201603 14.600 106.979 22.942
201606 17.192 108.851 26.550
201609 14.913 109.986 22.793
201612 7.763 110.802 11.778
201703 5.579 111.869 8.383
201706 5.758 112.115 8.633
201709 6.879 112.777 10.254
201712 12.581 114.068 18.541
201803 10.321 114.868 15.104
201806 8.239 117.038 11.834
201809 9.359 117.881 13.346
201812 5.299 118.340 7.527
201903 2.292 120.124 3.207
201906 2.150 120.977 2.987
201909 1.944 121.292 2.694
201912 3.598 123.436 4.900
202003 2.883 124.092 3.905
202006 1.073 123.557 1.460
202009 1.425 125.095 1.915
202012 0.423 129.012 0.551
202103 -2.932 131.660 -3.744
202106 -5.005 133.871 -6.285
202109 -5.625 137.913 -6.856
202112 -8.277 141.992 -9.799
202203 -6.891 146.537 -7.905
202206 -7.800 149.784 -8.754
202209 -9.467 147.800 -10.767
202212 -0.665 150.207 -0.744
202303 0.848 153.352 0.930
202306 1.004 154.519 1.092
202309 1.955 155.464 2.114
202312 9.428 157.148 10.085
202403 13.318 159.372 14.047
202406 15.718 161.052 16.406
202409 18.755 162.342 19.420
202412 28.610 164.740 29.194
202503 28.406 168.102 28.406

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


Sao Paulo Turismo  (BSP:AHEB5) 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.

Sao Paulo Turismo's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.00/9.78
=5.11

* 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 Sao Paulo Turismo was 5.33. The lowest was 1.41. And the median was 2.20.


Be Aware

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


Sao Paulo Turismo Cyclically Adjusted Book per Share Related Terms

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


Sao Paulo Turismo Business Description

Traded in Other Exchanges
Address
Av Olavo Fontoura 1209, Sao Paulo, SP, BRA, 02012-21
Sao Paulo Turismo SA is a tourism & event organizing company. It is engaged in organizing & operation of events, exhibitions, fairs, carnivals & promoting business, entertainment, culture & tourism in the city of Sao Paulo.

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