GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cemepe Investimentos SA (BSP:MAPT4) » Definitions » Cyclically Adjusted Book per Share

Cemepe Investimentos (BSP:MAPT4) Cyclically Adjusted Book per Share : R$-8.78 (As of Mar. 2025)


View and export this data going back to 2008. Start your Free Trial

What is Cemepe Investimentos 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.

Cemepe Investimentos's adjusted book value per share for the three months ended in Mar. 2025 was R$-7.045. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$-8.78 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.60% 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 Cemepe Investimentos was -2.60% per year. The lowest was -4.40% per year. And the median was -3.50% per year.

As of today (2025-06-29), Cemepe Investimentos's current stock price is R$4.80. Cemepe Investimentos's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$-8.78. Cemepe Investimentos's Cyclically Adjusted PB Ratio of today is .


Cemepe Investimentos Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cemepe Investimentos'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.

Cemepe Investimentos Cyclically Adjusted Book per Share Chart

Cemepe Investimentos 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 -6.51 -5.33 -2.06 -2.06 -11.40

Cemepe Investimentos 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 -6.74 -10.17 -8.37 -11.40 -8.78

Competitive Comparison of Cemepe Investimentos's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Cemepe Investimentos'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.


Cemepe Investimentos's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cemepe Investimentos's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Cemepe Investimentos 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, Cemepe Investimentos'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)
=-7.045/168.1016*168.1016
=-7.045

Current CPI (Mar. 2025) = 168.1016.

Cemepe Investimentos Quarterly Data

Book Value per Share CPI Adj_Book
201506 -5.236 100.006 -8.801
201509 -5.254 101.392 -8.711
201512 -5.329 104.247 -8.593
201603 -5.417 106.979 -8.512
201606 -5.448 108.851 -8.414
201609 -5.490 109.986 -8.391
201612 -5.546 110.802 -8.414
201703 -5.628 111.869 -8.457
201706 -5.662 112.115 -8.489
201709 -5.681 112.777 -8.468
201712 -5.700 114.068 -8.400
201803 -5.781 114.868 -8.460
201806 -5.838 117.038 -8.385
201809 -5.866 117.881 -8.365
201812 -5.891 118.340 -8.368
201903 -5.955 120.124 -8.333
201906 -6.012 120.977 -8.354
201909 -6.041 121.292 -8.372
201912 -6.069 123.436 -8.265
202003 -6.156 124.092 -8.339
202006 -6.205 123.557 -8.442
202009 -6.232 125.095 -8.375
202012 -6.254 129.012 -8.149
202103 -6.323 131.660 -8.073
202106 -6.394 133.871 -8.029
202109 -6.418 137.913 -7.823
202112 -6.447 141.992 -7.632
202203 -6.522 146.537 -7.482
202206 -6.593 149.784 -7.399
202209 -6.608 147.800 -7.516
202212 -6.630 150.207 -7.420
202303 -6.715 153.352 -7.361
202306 -6.754 154.519 -7.348
202309 -6.771 155.464 -7.321
202312 -6.794 157.148 -7.268
202403 -6.869 159.372 -7.245
202406 -6.945 161.052 -7.249
202409 -6.963 162.342 -7.210
202412 -6.968 164.740 -7.110
202503 -7.045 168.102 -7.045

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


Cemepe Investimentos  (BSP:MAPT4) 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.


Be Aware

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


Cemepe Investimentos Cyclically Adjusted Book per Share Related Terms

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


Cemepe Investimentos Business Description

Traded in Other Exchanges
Address
Rua Dias Ferreira 190, Sala 304/parte, Rio de Janeiro, RN, BRA, 22431050
Cemepe Investimentos SA invests in other companies as a stakeholder, manages third parties' funds as well as provides technical, financial and administrative consultancy services.

Cemepe Investimentos Headlines

No Headlines