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Pure Storage (FRA:6PU) Cyclically Adjusted Book per Share : €3.03 (As of Jan. 2025)


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What is Pure Storage 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.

Pure Storage's adjusted book value per share for the three months ended in Jan. 2025 was €3.870. 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 €3.03 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Pure Storage's average Cyclically Adjusted Book Growth Rate was 13.00% 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 (2025-05-27), Pure Storage's current stock price is €49.69. Pure Storage's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was €3.03. Pure Storage's Cyclically Adjusted PB Ratio of today is 16.40.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Pure Storage was 24.46. The lowest was 11.88. And the median was 18.00.


Pure Storage Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pure Storage'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.

Pure Storage Cyclically Adjusted Book per Share Chart

Pure Storage Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 2.57 3.03

Pure Storage Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 2.57 2.73 2.65 2.77 3.03

Competitive Comparison of Pure Storage's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Pure Storage'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.


Pure Storage's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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


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Pure Storage 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, Pure Storage's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book= Book Value per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=3.87/134.0288*134.0288
=3.870

Current CPI (Jan. 2025) = 134.0288.

Pure Storage Quarterly Data

Book Value per Share CPI Adj_Book
201504 -1.688 99.824 -2.266
201507 -1.906 100.691 -2.537
201510 2.739 100.346 3.658
201601 2.723 99.957 3.651
201604 2.457 100.947 3.262
201607 2.368 101.524 3.126
201610 2.173 101.988 2.856
201701 2.201 102.456 2.879
201704 2.086 103.167 2.710
201707 1.830 103.278 2.375
201710 1.809 104.070 2.330
201801 2.131 104.578 2.731
201804 2.242 105.708 2.843
201807 2.343 106.324 2.954
201810 2.532 106.695 3.181
201901 2.654 106.200 3.349
201904 2.619 107.818 3.256
201907 2.572 108.250 3.184
201910 2.706 108.577 3.340
202001 2.833 108.841 3.489
202004 2.638 108.173 3.269
202007 2.424 109.318 2.972
202010 2.297 109.861 2.802
202101 2.212 110.364 2.686
202104 2.111 112.673 2.511
202107 2.072 115.183 2.411
202110 2.153 116.696 2.473
202201 2.279 118.619 2.575
202204 2.266 121.978 2.490
202207 2.505 125.002 2.686
202210 2.819 125.734 3.005
202301 2.873 126.223 3.051
202304 2.696 127.992 2.823
202307 2.859 128.974 2.971
202310 3.442 129.810 3.554
202401 3.649 130.124 3.758
202404 3.938 132.289 3.990
202407 4.091 132.708 4.132
202410 3.958 133.182 3.983
202501 3.870 134.029 3.870

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


Pure Storage  (FRA:6PU) 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.

Pure Storage's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=49.69/3.03
=16.40

* 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 Pure Storage was 24.46. The lowest was 11.88. And the median was 18.00.


Be Aware

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


Pure Storage Cyclically Adjusted Book per Share Related Terms

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


Pure Storage Business Description

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Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue, which includes the sale of integrated storage hardware and embedded operating system software; and subscription services revenue, which includes Evergreen Storage subscriptions, a unified subscription that includes Pure as-a-Service, Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

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