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Grenke AG (CHIX:GLJD) Cyclically Adjusted Book per Share : €27.30 (As of Mar. 2025)


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What is Grenke AG 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.

Grenke AG's adjusted book value per share for the three months ended in Mar. 2025 was €30.672. 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 €27.30 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Grenke AG's average Cyclically Adjusted Book Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.50% 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 Grenke AG was 16.30% per year. The lowest was 13.20% per year. And the median was 14.40% per year.

As of today (2025-05-31), Grenke AG's current stock price is €13.69. Grenke AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €27.30. Grenke AG's Cyclically Adjusted PB Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Grenke AG was 9.48. The lowest was 0.48. And the median was 1.96.


Grenke AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Grenke AG'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.

Grenke AG Cyclically Adjusted Book per Share Chart

Grenke AG 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 15.78 18.51 23.31 21.67 46.20

Grenke AG 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 23.60 28.32 26.87 46.20 27.30

Competitive Comparison of Grenke AG's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Grenke AG'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.


Grenke AG's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Grenke AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Grenke AG 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, Grenke AG'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)
=30.672/127.7792*127.7792
=30.672

Current CPI (Mar. 2025) = 127.7792.

Grenke AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 11.756 100.417 14.959
201509 12.850 100.417 16.351
201512 13.344 99.717 17.099
201603 13.776 100.017 17.600
201606 13.895 100.717 17.629
201609 14.472 101.017 18.306
201612 14.546 101.217 18.363
201703 16.168 101.417 20.371
201706 16.226 102.117 20.304
201709 18.572 102.717 23.103
201712 17.637 102.617 21.962
201803 17.759 102.917 22.049
201806 22.065 104.017 27.106
201809 22.810 104.718 27.833
201812 21.434 104.217 26.280
201903 24.062 104.217 29.502
201906 23.981 105.718 28.985
201909 24.747 106.018 29.827
201912 25.118 105.818 30.331
202003 27.287 105.718 32.981
202006 27.452 106.618 32.901
202009 27.101 105.818 32.726
202012 26.200 105.518 31.728
202103 26.300 107.518 31.256
202106 26.807 108.486 31.574
202109 27.038 109.435 31.570
202112 27.949 110.384 32.354
202203 28.308 113.968 31.738
202206 28.249 115.760 31.182
202209 28.861 118.818 31.038
202212 29.278 119.345 31.347
202303 28.804 122.402 30.069
202306 28.909 123.140 29.998
202309 29.222 124.195 30.065
202312 29.443 123.773 30.396
202403 29.594 125.038 30.243
202406 29.824 125.882 30.274
202409 30.094 126.198 30.471
202412 30.396 127.041 30.573
202503 30.672 127.779 30.672

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


Grenke AG  (CHIX:GLJd) 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.

Grenke AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.69/27.30
=0.50

* 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 Grenke AG was 9.48. The lowest was 0.48. And the median was 1.96.


Be Aware

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


Grenke AG Cyclically Adjusted Book per Share Related Terms

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


Grenke AG Business Description

Industry
Address
Neuer Markt 2, Baden-Baden, DEU, 76532
Grenke AG is a financial services company that, under a franchise model, provides operational infrastructure, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include; The Leasing segment which generates key revenue, and consists of financing to commercial lessees, rental, service, protection and maintenance offerings, and the disposal of used equipment. The Banking segment acts as a financing partner, particularly to small- and medium-sized companies, and the Factoring segment offers traditional factoring services with a focus on small-ticket factoring. Geographically, the majority of the company's revenue is generated from France and rest from Italy, Germany and other regions.

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