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goeasy (FRA:1ES) Cyclically Adjusted Book per Share : €21.99 (As of Mar. 2024)


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What is goeasy 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.

goeasy's adjusted book value per share for the three months ended in Mar. 2024 was €44.820. 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 €21.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, goeasy's average Cyclically Adjusted Book Growth Rate was 21.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 25.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 20.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.70% 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 goeasy was 25.40% per year. The lowest was -4.20% per year. And the median was 7.10% per year.

As of today (2024-06-20), goeasy's current stock price is €128.80. goeasy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €21.99. goeasy's Cyclically Adjusted PB Ratio of today is 5.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of goeasy was 12.40. The lowest was 1.36. And the median was 3.57.


goeasy Cyclically Adjusted Book per Share Historical Data

The historical data trend for goeasy'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.

goeasy Cyclically Adjusted Book per Share Chart

goeasy 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 9.59 9.87 13.50 17.39 21.02

goeasy 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 17.46 19.04 20.64 21.02 21.99

Competitive Comparison of goeasy's Cyclically Adjusted Book per Share

For the Credit Services subindustry, goeasy'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.


goeasy's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, goeasy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



goeasy 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, goeasy'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)
=44.82/126.2576*126.2576
=44.820

Current CPI (Mar. 2024) = 126.2576.

goeasy Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.331 99.473 9.305
201409 7.780 99.394 9.883
201412 8.123 98.367 10.426
201503 8.680 99.789 10.982
201506 8.781 100.500 11.031
201509 8.466 100.421 10.644
201512 8.788 99.947 11.101
201603 9.024 101.054 11.275
201606 9.579 102.002 11.857
201609 9.596 101.765 11.906
201612 10.455 101.449 13.012
201703 10.602 102.634 13.042
201706 10.642 103.029 13.041
201709 11.383 103.345 13.907
201712 11.208 103.345 13.693
201803 10.154 105.004 12.209
201806 11.038 105.557 13.203
201809 11.904 105.636 14.228
201812 13.694 105.399 16.404
201903 13.782 106.979 16.266
201906 14.754 107.690 17.298
201909 16.137 107.611 18.933
201912 15.836 107.769 18.553
202003 15.823 107.927 18.510
202006 16.584 108.401 19.316
202009 17.694 108.164 20.654
202012 19.230 108.559 22.365
202103 24.650 110.298 28.217
202106 30.833 111.720 34.845
202109 32.831 112.905 36.714
202112 33.715 113.774 37.414
202203 33.784 117.646 36.257
202206 35.863 120.806 37.481
202209 37.757 120.648 39.513
202212 36.749 120.964 38.357
202303 37.245 122.702 38.324
202306 40.046 124.203 40.708
202309 42.314 125.230 42.661
202312 43.337 125.072 43.748
202403 44.820 126.258 44.820

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


goeasy  (FRA:1ES) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=128.80/21.99
=5.86

* 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 goeasy was 12.40. The lowest was 1.36. And the median was 3.57.


Be Aware

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


goeasy Cyclically Adjusted Book per Share Related Terms

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


goeasy (FRA:1ES) Business Description

Industry
Traded in Other Exchanges
Address
33 City Centre Drive, Suite 510, Mississauga, ON, CAN, L5B 2N5
goeasy Ltd provides financial services company. The principal operating activities of the Company include: providing loans and other financial services to consumers and leasing household products to consumers. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms. The Company operates in two reportable segments: easyfinancial and easyhome. The easyfinancial reportable segment lends out capital in the form of unsecured and secured consumer loans to nonprime borrowers. easyfinancial's product offering consists of unsecured and real estate-secured installment loans. The key revenue of the company is generated from easyfinancial.

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