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AAK AB (FRA:6AA0) Cyclically Adjusted Book per Share : €4.69 (As of Mar. 2025)


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What is AAK AB 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.

AAK AB's adjusted book value per share for the three months ended in Mar. 2025 was €6.853. 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 €4.69 for the trailing ten years ended in Mar. 2025.

During the past 12 months, AAK AB's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.20% 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 AAK AB was 18.00% per year. The lowest was 12.00% per year. And the median was 16.50% per year.

As of today (2025-05-30), AAK AB's current stock price is €24.42. AAK AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €4.69. AAK AB's Cyclically Adjusted PB Ratio of today is 5.21.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AAK AB was 8.51. The lowest was 3.97. And the median was 6.25.


AAK AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for AAK AB'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.

AAK AB Cyclically Adjusted Book per Share Chart

AAK AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 3.02 3.51 4.06 4.36

AAK AB 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 3.98 4.17 4.25 4.36 4.69

Competitive Comparison of AAK AB's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, AAK AB'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.


AAK AB's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AAK AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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AAK AB 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, AAK AB'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)
=6.853/132.8245*132.8245
=6.853

Current CPI (Mar. 2025) = 132.8245.

AAK AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 2.630 99.995 3.493
201509 2.683 100.228 3.556
201512 2.810 100.276 3.722
201603 2.801 100.751 3.693
201606 2.825 101.019 3.714
201609 2.896 101.138 3.803
201612 3.052 102.022 3.973
201703 3.214 102.022 4.184
201706 2.939 102.752 3.799
201709 3.028 103.279 3.894
201712 3.041 103.793 3.892
201803 3.254 103.962 4.157
201806 3.279 104.875 4.153
201809 3.301 105.679 4.149
201812 3.417 105.912 4.285
201903 3.628 105.886 4.551
201906 3.534 106.742 4.398
201909 3.792 107.214 4.698
201912 3.887 107.766 4.791
202003 3.914 106.563 4.879
202006 3.796 107.498 4.690
202009 3.930 107.635 4.850
202012 3.732 108.296 4.577
202103 4.122 108.360 5.053
202106 3.913 108.928 4.771
202109 4.221 110.338 5.081
202112 4.438 112.486 5.240
202203 4.662 114.825 5.393
202206 4.897 118.384 5.494
202209 5.408 122.296 5.874
202212 5.269 126.365 5.538
202303 5.451 127.042 5.699
202306 5.482 129.407 5.627
202309 5.658 130.224 5.771
202312 5.895 131.912 5.936
202403 6.467 132.205 6.497
202406 6.219 132.716 6.224
202409 6.224 132.304 6.248
202412 6.728 132.987 6.720
202503 6.853 132.825 6.853

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


AAK AB  (FRA:6AA0) 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.

AAK AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.42/4.69
=5.21

* 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 AAK AB was 8.51. The lowest was 3.97. And the median was 6.25.


Be Aware

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


AAK AB Cyclically Adjusted Book per Share Related Terms

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


AAK AB Business Description

Industry
Traded in Other Exchanges
Address
Pulpetgatan 20, Malmo, SWE, 215 37
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. The Food Ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. The Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. A majority of its revenue is generated from the Food Ingredients segment.

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