GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) » Definitions » Cyclically Adjusted Book per Share

Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) Cyclically Adjusted Book per Share : R$20.05 (As of Dec. 2023)


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What is Cia de Fiacao e Tecidos Cedro e Cachoeira 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.

Cia de Fiacao e Tecidos Cedro e Cachoeira's adjusted book value per share for the three months ended in Dec. 2023 was R$19.848. 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$20.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Cia de Fiacao e Tecidos Cedro e Cachoeira's average Cyclically Adjusted Book Growth Rate was -14.90% 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.

As of today (2024-04-30), Cia de Fiacao e Tecidos Cedro e Cachoeira's current stock price is R$27.49. Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$20.05. Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted PB Ratio of today is 1.37.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cia de Fiacao e Tecidos Cedro e Cachoeira was 1.72. The lowest was 0.22. And the median was 0.27.


Cia de Fiacao e Tecidos Cedro e Cachoeira Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cia de Fiacao e Tecidos Cedro e Cachoeira'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.

Cia de Fiacao e Tecidos Cedro e Cachoeira Cyclically Adjusted Book per Share Chart

Cia de Fiacao e Tecidos Cedro e Cachoeira 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 - - 18.03 14.45 20.05

Cia de Fiacao e Tecidos Cedro e Cachoeira 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 14.45 14.59 18.14 21.18 20.05

Competitive Comparison of Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted Book per Share

For the Textile Manufacturing subindustry, Cia de Fiacao e Tecidos Cedro e Cachoeira'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.


Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted PB Ratio falls into.



Cia de Fiacao e Tecidos Cedro e Cachoeira 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, Cia de Fiacao e Tecidos Cedro e Cachoeira'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)
=19.848/156.2729*156.2729
=19.848

Current CPI (Dec. 2023) = 156.2729.

Cia de Fiacao e Tecidos Cedro e Cachoeira Quarterly Data

Book Value per Share CPI Adj_Book
201312 30.390 88.522 53.649
201406 0.000 91.838 0.000
201409 0.000 92.602 0.000
201412 29.228 94.194 48.491
201503 0.000 97.799 0.000
201506 27.003 100.006 42.196
201509 23.596 101.392 36.368
201512 19.915 104.247 29.854
201603 17.533 106.979 25.612
201606 14.948 108.851 21.460
201609 13.228 109.986 18.795
201612 5.887 110.802 8.303
201703 4.466 111.869 6.239
201706 6.955 112.115 9.694
201709 8.430 112.777 11.681
201712 14.158 114.068 19.396
201803 14.159 114.868 19.263
201806 14.250 117.038 19.027
201809 13.378 117.881 17.735
201812 19.019 118.340 25.115
201903 17.076 120.124 22.215
201906 19.466 120.977 25.145
201909 18.525 121.292 23.868
201912 17.263 123.436 21.855
202003 16.118 124.092 20.298
202006 13.369 123.557 16.909
202009 12.679 125.095 15.839
202012 13.115 129.012 15.886
202103 13.369 131.660 15.868
202106 13.691 133.871 15.982
202109 13.873 137.913 15.720
202112 13.268 141.992 14.602
202203 12.131 146.537 12.937
202206 10.281 149.784 10.726
202209 11.776 147.800 12.451
202212 11.473 150.207 11.936
202303 13.072 153.352 13.321
202306 15.081 154.519 15.252
202309 18.517 155.464 18.613
202312 19.848 156.273 19.848

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


Cia de Fiacao e Tecidos Cedro e Cachoeira  (BSP:CEDO4) 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.

Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.49/20.05
=1.37

* 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 Cia de Fiacao e Tecidos Cedro e Cachoeira was 1.72. The lowest was 0.22. And the median was 0.27.


Be Aware

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


Cia de Fiacao e Tecidos Cedro e Cachoeira Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Cia de Fiacao e Tecidos Cedro e Cachoeira's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) Business Description

Traded in Other Exchanges
Address
R Paraiba 337, Belo Horizonte, MG, BRA, 30130140
Cia de Fiacao e Tecidos Cedro e Cachoeira is engaged in the textile industry. It produces and markets garment products such as fashionable clothing, professional uniforms, accessories and personal protective equipment, among others.

Cia de Fiacao e Tecidos Cedro e Cachoeira (BSP:CEDO4) Headlines

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