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Waste Management (BSP:W1MC34) Cyclically Adjusted Book per Share : R$52.99 (As of Mar. 2025)


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What is Waste Management 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.

Waste Management's adjusted book value per share for the three months ended in Mar. 2025 was R$61.893. 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$52.99 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Waste Management's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.40% 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 Waste Management was 15.40% per year. The lowest was 0.40% per year. And the median was 4.45% per year.

As of today (2025-06-01), Waste Management's current stock price is R$687.42. Waste Management's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$52.99. Waste Management's Cyclically Adjusted PB Ratio of today is 12.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Waste Management was 13.04. The lowest was 3.44. And the median was 8.00.


Waste Management Cyclically Adjusted Book per Share Historical Data

The historical data trend for Waste Management'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.

Waste Management Cyclically Adjusted Book per Share Chart

Waste Management 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 36.86 44.09 44.77 41.77 56.10

Waste Management 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 44.31 49.68 48.68 56.10 52.99

Competitive Comparison of Waste Management's Cyclically Adjusted Book per Share

For the Waste Management subindustry, Waste Management'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.


Waste Management's Cyclically Adjusted PB Ratio Distribution in the Waste Management Industry

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

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


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Waste Management 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, Waste Management'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)
=61.893/134.9266*134.9266
=61.893

Current CPI (Mar. 2025) = 134.9266.

Waste Management Quarterly Data

Book Value per Share CPI Adj_Book
201506 18.546 100.684 24.854
201509 22.883 100.392 30.755
201512 23.193 99.792 31.359
201603 21.994 100.470 29.537
201606 20.180 101.688 26.776
201609 19.722 101.861 26.124
201612 20.220 101.863 26.783
201703 19.523 102.862 25.609
201706 20.557 103.349 26.838
201709 19.039 104.136 24.668
201712 22.885 104.011 29.687
201803 22.950 105.290 29.410
201806 26.647 106.317 33.818
201809 30.008 106.507 38.015
201812 28.737 105.998 36.580
201903 29.005 107.251 36.490
201906 29.414 108.070 36.724
201909 32.948 108.329 41.037
201912 34.184 108.420 42.541
202003 39.038 108.902 48.367
202006 42.345 108.767 52.529
202009 45.715 109.815 56.169
202012 45.338 109.897 55.664
202103 49.578 111.754 59.858
202106 43.926 114.631 51.703
202109 45.257 115.734 52.762
202112 48.406 117.630 55.524
202203 42.814 121.301 47.623
202206 43.909 125.017 47.390
202209 44.767 125.227 48.235
202212 44.039 125.222 47.452
202303 43.496 127.348 46.085
202306 41.413 128.729 43.407
202309 42.604 129.860 44.266
202312 42.126 129.419 43.919
202403 43.941 131.776 44.992
202406 50.068 132.554 50.964
202409 55.046 133.029 55.831
202412 62.698 133.157 63.531
202503 61.893 134.927 61.893

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


Waste Management  (BSP:W1MC34) 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.

Waste Management's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=687.42/52.99
=12.97

* 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 Waste Management was 13.04. The lowest was 3.44. And the median was 8.00.


Be Aware

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


Waste Management Cyclically Adjusted Book per Share Related Terms

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


Waste Management Business Description

Address
800 Capitol Street, Suite 3000, Houston, TX, USA, 77002
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, industrial, and medical end markets and is also a leading recycler in North America.

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