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Euroseas (Euroseas) Cyclically Adjusted Book per Share : $44.29 (As of Mar. 2024)


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What is Euroseas 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.

Euroseas's adjusted book value per share for the three months ended in Mar. 2024 was $40.307. 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 $44.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Euroseas's average Cyclically Adjusted Book Growth Rate was -31.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -30.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -28.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -19.70% 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 Euroseas was -4.90% per year. The lowest was -30.40% per year. And the median was -21.30% per year.

As of today (2024-06-20), Euroseas's current stock price is $35.00. Euroseas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $44.29. Euroseas's Cyclically Adjusted PB Ratio of today is 0.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Euroseas was 0.87. The lowest was 0.01. And the median was 0.05.


Euroseas Cyclically Adjusted Book per Share Historical Data

The historical data trend for Euroseas'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.

Euroseas Cyclically Adjusted Book per Share Chart

Euroseas 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 196.96 142.37 101.52 72.19 48.03

Euroseas Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 65.02 58.54 51.55 48.03 44.29

Competitive Comparison of Euroseas's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Euroseas'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.


Euroseas's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Euroseas 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, Euroseas's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=40.307/117.2848*117.2848
=40.307

Current CPI (Mar. 2024) = 117.2848.

Euroseas Quarterly Data

Book Value per Share CPI Adj_Book
201406 137.278 103.060 156.225
201409 131.831 102.624 150.664
201412 122.670 100.254 143.508
201503 114.340 100.549 133.371
201506 109.978 100.838 127.916
201509 97.816 100.856 113.749
201512 92.779 100.087 108.722
201603 89.656 99.041 106.171
201606 70.577 100.121 82.676
201609 65.772 99.878 77.235
201612 39.799 100.110 46.627
201703 37.194 100.770 43.290
201706 36.125 101.138 41.892
201709 32.351 100.882 37.611
201712 33.134 100.762 38.567
201803 30.556 100.534 35.647
201806 2.731 102.121 3.137
201809 1.923 101.982 2.212
201812 2.442 101.330 2.827
201903 2.146 101.482 2.480
201906 1.055 101.837 1.215
201909 3.328 101.906 3.830
201912 3.652 102.120 4.194
202003 3.979 101.479 4.599
202006 4.173 100.239 4.883
202009 4.161 99.886 4.886
202012 4.074 99.751 4.790
202103 4.662 99.817 5.478
202106 6.287 101.270 7.281
202109 7.453 102.095 8.562
202112 10.536 104.853 11.785
202203 14.670 108.651 15.836
202206 18.404 113.517 19.015
202209 21.396 114.371 21.941
202212 23.630 112.428 24.651
202303 27.349 113.620 28.231
202306 31.045 115.515 31.521
202309 35.247 116.234 35.566
202312 38.004 116.364 38.305
202403 40.307 117.285 40.307

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


Euroseas  (NAS:ESEA) 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.

Euroseas's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.00/44.29
=0.79

* 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 Euroseas was 0.87. The lowest was 0.01. And the median was 0.05.


Be Aware

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


Euroseas Cyclically Adjusted Book per Share Related Terms

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


Euroseas (Euroseas) Business Description

Industry
Traded in Other Exchanges
Address
4 Messogiou and Evropis Street, Maroussi, GRC, 151 24
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (Euroseas) Headlines

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