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BlackLine (FRA:02B) Cyclically Adjusted Book per Share : €5.55 (As of Mar. 2025)


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What is BlackLine 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.

BlackLine's adjusted book value per share for the three months ended in Mar. 2025 was €6.209. 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 €5.55 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-05-27), BlackLine's current stock price is €47.80. BlackLine's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €5.55. BlackLine's Cyclically Adjusted PB Ratio of today is 8.61.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of BlackLine was 9.21. The lowest was 7.31. And the median was 7.84.


BlackLine Cyclically Adjusted Book per Share Historical Data

The historical data trend for BlackLine'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.

BlackLine Cyclically Adjusted Book per Share Chart

BlackLine Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
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BlackLine 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 - - - - 5.55

Competitive Comparison of BlackLine's Cyclically Adjusted Book per Share

For the Software - Application subindustry, BlackLine'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.


BlackLine's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, BlackLine's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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BlackLine 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, BlackLine'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)
=6.209/134.9266*134.9266
=6.209

Current CPI (Mar. 2025) = 134.9266.

BlackLine Quarterly Data

Book Value per Share CPI Adj_Book
201412 3.024 99.070 4.118
201509 0.000 100.392 0.000
201512 3.092 99.792 4.181
201603 0.000 100.470 0.000
201606 2.757 101.688 3.658
201609 2.755 101.861 3.649
201612 5.387 101.863 7.136
201703 5.184 102.862 6.800
201706 5.034 103.349 6.572
201709 4.696 104.136 6.085
201712 5.061 104.011 6.565
201803 4.819 105.290 6.175
201806 4.994 106.317 6.338
201809 5.057 106.507 6.406
201812 5.132 105.998 6.533
201903 5.155 107.251 6.485
201906 5.235 108.070 6.536
201909 6.470 108.329 8.059
201912 6.414 108.420 7.982
202003 6.360 108.902 7.880
202006 6.400 108.767 7.939
202009 6.182 109.815 7.596
202012 6.015 109.897 7.385
202103 4.916 111.754 5.935
202106 4.790 114.631 5.638
202109 4.939 115.734 5.758
202112 4.877 117.630 5.594
202203 1.013 121.301 1.127
202206 1.257 125.017 1.357
202209 1.317 125.227 1.419
202212 1.760 125.222 1.896
202303 1.807 127.348 1.915
202306 2.671 128.729 2.800
202309 3.299 129.860 3.428
202312 3.889 129.419 4.054
202403 4.166 131.776 4.266
202406 4.868 132.554 4.955
202409 5.309 133.029 5.385
202412 6.791 133.157 6.881
202503 6.209 134.927 6.209

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


BlackLine  (FRA:02B) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.80/5.55
=8.61

* 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 11 years, the highest Cyclically Adjusted PB Ratio of BlackLine was 9.21. The lowest was 7.31. And the median was 7.84.


Be Aware

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


BlackLine Cyclically Adjusted Book per Share Related Terms

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


BlackLine Business Description

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Address
21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.

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