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Kaufman & Broad (FRA:3GH) Cyclically Adjusted Book per Share : €11.70 (As of Nov. 2024)


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What is Kaufman & Broad 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.

Kaufman & Broad's adjusted book value per share for the three months ended in Nov. 2024 was €11.297. 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 €11.70 for the trailing ten years ended in Nov. 2024.

During the past 12 months, Kaufman & Broad's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 Kaufman & Broad was 8.90% per year. The lowest was 3.90% per year. And the median was 8.00% per year.

As of today (2025-05-28), Kaufman & Broad's current stock price is €33.10. Kaufman & Broad's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2024 was €11.70. Kaufman & Broad's Cyclically Adjusted PB Ratio of today is 2.83.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kaufman & Broad was 5.65. The lowest was 1.70. And the median was 3.65.


Kaufman & Broad Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kaufman & Broad'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.

Kaufman & Broad Cyclically Adjusted Book per Share Chart

Kaufman & Broad Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.25 10.15 10.86 11.59 11.70

Kaufman & Broad Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 11.98 11.78 11.85 11.70 -

Competitive Comparison of Kaufman & Broad's Cyclically Adjusted Book per Share

For the Residential Construction subindustry, Kaufman & Broad'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.


Kaufman & Broad's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Kaufman & Broad's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Kaufman & Broad 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, Kaufman & Broad's adjusted Book Value per Share data for the three months ended in Nov. 2024 was:

Adj_Book= Book Value per Share /CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=11.297/119.7200*119.7200
=11.297

Current CPI (Nov. 2024) = 119.7200.

Kaufman & Broad Quarterly Data

Book Value per Share CPI Adj_Book
201502 9.860 99.520 11.861
201505 9.833 100.520 11.711
201508 9.106 100.350 10.864
201511 10.310 99.820 12.365
201602 10.114 99.330 12.190
201605 5.296 100.500 6.309
201608 0.000 100.580 0.000
201611 6.840 100.350 8.160
201702 6.734 100.530 8.019
201705 7.317 101.310 8.647
201708 7.851 101.490 9.261
201711 9.492 101.530 11.193
201802 9.960 101.720 11.722
201805 10.092 103.360 11.689
201808 10.810 103.780 12.470
201811 11.572 103.450 13.392
201902 11.874 103.060 13.793
201905 10.741 104.330 12.325
201908 11.695 104.860 13.352
201911 12.897 104.520 14.773
202002 13.387 104.530 15.332
202005 10.847 104.710 12.402
202008 11.010 105.090 12.543
202011 12.465 104.730 14.249
202102 12.630 105.120 14.384
202105 11.105 106.200 12.519
202108 11.437 107.050 12.791
202111 12.127 107.640 13.488
202202 11.887 108.940 13.063
202205 10.783 111.720 11.555
202208 10.656 113.380 11.252
202211 11.754 114.260 12.316
202302 13.303 115.780 13.756
202305 11.210 117.440 11.428
202308 11.569 118.890 11.650
202311 11.395 118.230 11.539
202402 11.999 119.210 12.050
202405 10.086 120.110 10.053
202408 10.599 121.060 10.482
202411 11.297 119.720 11.297

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


Kaufman & Broad  (FRA:3GH) 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.

Kaufman & Broad's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.10/11.70
=2.83

* 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 Kaufman & Broad was 5.65. The lowest was 1.70. And the median was 3.65.


Be Aware

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


Kaufman & Broad Cyclically Adjusted Book per Share Related Terms

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


Kaufman & Broad Business Description

Traded in Other Exchanges
Address
127, Avenue Charles de Gaulle, Neuilly-sur-Seine, FRA, 92207
Kaufman & Broad SA is a real estate property builder and developer. The company's operating business segments include Housing and Commercial Property segment. Through its Housing segments, it develops single-family homes, apartments, and assisted living facilities. Other business activities include land and building lot sales, contracted project management and showroom services. The company derives the majority of revenue from housing segment.

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