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Kornit Digital (FRA:0KD) Cyclically Adjusted Book per Share : €9.46 (As of Jun. 2024)


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What is Kornit Digital 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.

Kornit Digital's adjusted book value per share for the three months ended in Jun. 2024 was €15.343. 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 €9.46 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Kornit Digital's average Cyclically Adjusted Book Growth Rate was 13.80% 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.

As of today (2024-09-21), Kornit Digital's current stock price is €21.40. Kornit Digital's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €9.46. Kornit Digital's Cyclically Adjusted PB Ratio of today is 2.26.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Kornit Digital was 3.48. The lowest was 1.41. And the median was 1.80.


Kornit Digital Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kornit Digital'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.

Kornit Digital Cyclically Adjusted Book per Share Chart

Kornit Digital 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 - - - - 8.80

Kornit Digital Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 8.24 8.45 8.80 8.81 9.46

Competitive Comparison of Kornit Digital's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Kornit Digital'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.


Kornit Digital's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kornit Digital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kornit Digital 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, Kornit Digital's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=15.343/132.5538*132.5538
=15.343

Current CPI (Jun. 2024) = 132.5538.

Kornit Digital Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.000 100.428 0.000
201412 0.546 99.070 0.731
201503 0.631 99.621 0.840
201506 2.938 100.684 3.868
201509 2.859 100.392 3.775
201512 3.038 99.792 4.035
201603 2.995 100.470 3.951
201606 2.982 101.688 3.887
201609 2.999 101.861 3.903
201612 3.279 101.863 4.267
201703 3.982 102.862 5.131
201706 3.867 103.349 4.960
201709 3.704 104.136 4.715
201712 3.732 104.011 4.756
201803 3.614 105.290 4.550
201806 3.928 106.317 4.897
201809 4.063 106.507 5.057
201812 4.491 105.998 5.616
201903 4.570 107.251 5.648
201906 6.959 108.070 8.536
201909 7.419 108.329 9.078
201912 7.484 108.420 9.150
202003 7.355 108.902 8.952
202006 7.255 108.767 8.842
202009 9.518 109.815 11.489
202012 9.277 109.897 11.190
202103 9.665 111.754 11.464
202106 9.817 114.631 11.352
202109 10.335 115.734 11.837
202112 16.401 117.630 18.482
202203 16.833 121.301 18.395
202206 17.220 125.017 18.258
202209 18.122 125.227 19.182
202212 16.419 125.222 17.380
202303 15.934 127.348 16.585
202306 15.642 128.729 16.107
202309 15.637 129.860 15.961
202312 15.290 129.419 15.660
202403 15.121 131.776 15.210
202406 15.343 132.554 15.343

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


Kornit Digital  (FRA:0KD) 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.

Kornit Digital's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.40/9.46
=2.26

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Kornit Digital was 3.48. The lowest was 1.41. And the median was 1.80.


Be Aware

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


Kornit Digital Cyclically Adjusted Book per Share Related Terms

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


Kornit Digital Business Description

Industry
Traded in Other Exchanges
Address
12 Ha'Amal Street, Afek Park, Rosh-Ha'Ayin, ISR, 4809246
Kornit Digital Ltd develops, designs and markets digital printing solutions for the global printed textile industry. The company focuses on its DTG and DTF segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software and value-added services that allow for large-scale printing of short runs of complex images and designs directly on finished garments and fabrics. It has developed and offers a broad portfolio of differentiated digital printing solutions for the DTG market that provide answers to challenges faced by participants in the global printed textile industry. It generates revenue from sales of systems, ink and other consumables and service including software subscriptions.

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