GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Deutsche Telekom AG (OTCPK:DTEGY) » Definitions » Cyclically Adjusted Book per Share

Deutsche Telekom AG (Deutsche Telekom AG) Cyclically Adjusted Book per Share : $9.47 (As of Dec. 2023)


View and export this data going back to 1996. Start your Free Trial

What is Deutsche Telekom 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.

Deutsche Telekom AG's adjusted book value per share for the three months ended in Dec. 2023 was $12.469. 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 $9.47 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Deutsche Telekom AG's average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Deutsche Telekom AG was 7.70% per year. The lowest was -6.20% per year. And the median was -0.90% per year.

As of today (2024-04-29), Deutsche Telekom AG's current stock price is $23.25. Deutsche Telekom AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.47. Deutsche Telekom AG's Cyclically Adjusted PB Ratio of today is 2.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Deutsche Telekom AG was 2.80. The lowest was 0.90. And the median was 2.04.


Deutsche Telekom AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Deutsche Telekom 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.

Deutsche Telekom AG Cyclically Adjusted Book per Share Chart

Deutsche Telekom AG 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 7.80 8.36 7.97 8.31 9.47

Deutsche Telekom AG 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 8.31 - 9.02 8.91 9.47

Competitive Comparison of Deutsche Telekom AG's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Deutsche Telekom 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.


Deutsche Telekom AG's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Deutsche Telekom AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Deutsche Telekom 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, Deutsche Telekom AG'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)
=12.469/123.6675*123.6675
=12.469

Current CPI (Dec. 2023) = 123.6675.

Deutsche Telekom AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 7.772 99.543 9.656
201406 7.362 99.543 9.146
201409 7.301 99.823 9.045
201412 6.948 99.543 8.632
201503 6.645 99.717 8.241
201506 6.759 100.417 8.324
201509 6.840 100.417 8.424
201512 6.984 99.717 8.661
201603 7.190 100.017 8.890
201606 6.755 100.717 8.294
201609 6.855 101.017 8.392
201612 6.638 101.217 8.110
201703 6.934 101.417 8.455
201706 7.034 102.117 8.518
201709 7.337 102.717 8.833
201712 7.669 102.617 9.242
201803 8.343 102.917 10.025
201806 7.297 104.017 8.675
201809 7.675 104.718 9.064
201812 7.414 104.217 8.798
201903 6.910 104.217 8.200
201906 6.883 105.718 8.052
201909 7.076 106.018 8.254
201912 7.428 105.818 8.681
202003 7.247 105.718 8.477
202006 8.491 106.618 9.849
202009 8.670 105.818 10.133
202012 9.213 105.518 10.798
202103 9.719 107.518 11.179
202106 9.271 108.486 10.568
202109 9.695 109.435 10.956
202112 9.699 110.384 10.866
202203 10.661 113.968 11.568
202206 10.204 115.760 10.901
202209 10.241 118.818 10.659
202212 10.344 119.345 10.719
202303 13.465 122.402 13.604
202306 12.994 123.140 13.050
202309 13.316 124.195 13.259
202312 12.469 123.668 12.469

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


Deutsche Telekom AG  (OTCPK:DTEGY) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.25/9.47
=2.46

* 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 Deutsche Telekom AG was 2.80. The lowest was 0.90. And the median was 2.04.


Be Aware

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


Deutsche Telekom AG Cyclically Adjusted Book per Share Related Terms

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


Deutsche Telekom AG (Deutsche Telekom AG) Business Description

Address
Friedrich-Ebert-Allee 140, Bonn, DEU, 53113
Deutsche Telekom is the incumbent telecom operator in Germany and remains the dominant player in both mobile and fixed markets. It also owns a controlling stake in T-Mobile US—one of three primary wireless carriers in the United States—which merged with Sprint in 2020, consolidating the market from four to three operators. Aside from its two core markets, Deutsche Telekom also has operations in several Central European countries and holds an IT arm (Systems Solutions).

Deutsche Telekom AG (Deutsche Telekom AG) Headlines