Evonik Industries AG (Evonik Industries AG) Cyclically Adjusted Book per Share : $11.21 (As of Mar. 2024)

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What is Evonik Industries 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.

Evonik Industries AG's adjusted book value per share for the three months ended in Mar. 2024 was $10.657. 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 $11.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Evonik Industries AG's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 Evonik Industries AG was 9.20% per year. The lowest was 5.60% per year. And the median was 7.80% per year.

As of today (2024-06-20), Evonik Industries AG's current stock price is $9.97. Evonik Industries AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $11.21. Evonik Industries AG's Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Evonik Industries AG was 1.95. The lowest was 0.81. And the median was 1.49.

Evonik Industries AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Evonik Industries 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.

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Evonik Industries AG Cyclically Adjusted Book per Share Chart

Evonik Industries AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted Book per Share

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10.04

9.35

10.46

10.89

Evonik Industries AG 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															11.03	10.60	11.24	10.89	11.21

Competitive Comparison of Evonik Industries AG's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Evonik Industries 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.

Evonik Industries AG's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Evonik Industries AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Evonik Industries AG Cyclically Adjusted Book per Share Calculation

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, Evonik Industries AG'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)
	=	10.657	/	125.0381	*	125.0381
	=	10.657

Current CPI (Mar. 2024) = 125.0381.

Evonik Industries AG Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	9.078	99.543	11.403
201409	8.429	99.823	10.558
201412	8.503	99.543	10.681
201503	7.351	99.717	9.218
201506	8.644	100.417	10.763
201509	8.532	100.417	10.624
201512	8.758	99.717	10.982
201603	9.019	100.017	11.275
201606	7.512	100.717	9.326
201609	7.817	101.017	9.676
201612	8.663	101.217	10.702
201703	8.832	101.417	10.889
201706	8.703	102.117	10.656
201709	9.437	102.717	11.488
201712	9.436	102.617	11.498
201803	9.572	102.917	11.629
201806	8.869	104.017	10.661
201809	9.763	104.718	11.658
201812	9.434	104.217	11.319
201903	9.569	104.217	11.481
201906	8.938	105.718	10.571
201909	9.969	106.018	11.758
201912	10.694	105.818	12.636
202003	10.838	105.718	12.819
202006	10.629	106.618	12.465
202009	10.482	105.818	12.386
202012	10.458	105.518	12.393
202103	11.387	107.518	13.243
202106	11.223	108.486	12.935
202109	11.568	109.435	13.217
202112	11.262	110.384	12.757
202203	12.027	113.968	13.195
202206	12.632	115.760	13.644
202209	12.443	118.818	13.094
202212	12.473	119.345	13.068
202303	12.328	122.402	12.593
202306	11.372	123.140	11.547
202309	11.587	124.195	11.666
202312	10.425	123.773	10.532
202403	10.657	125.038	10.657

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

Evonik Industries AG (OTCPK:EVKIY) 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.

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

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	9.97	/	11.21
	=	0.89

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Evonik Industries AG was 1.95. The lowest was 0.81. And the median was 1.49.

Be Aware

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

Evonik Industries AG Cyclically Adjusted Book per Share Related Terms

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

Evonik Industries AG (Evonik Industries AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Evonik Industries AG (OTCPK:EVKIY) » Definitions » Cyclically Adjusted Book per Share

Comparable Companies

Traded in Other Exchanges

EVKIF:USA 1EVK:Italy EVKd:UK 0QDS:UK EVK:Germany EVK:Austria

Address

Rellinghauser Strasse 1-11, Essen, NW, DEU, 45128

Website

https://www.evonik.com

Evonik Industries is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four major segments: specialty additives, smart materials, nutrition and care, and performance materials.