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Algonquin Power & Utilities (FRA:751) Cyclically Adjusted Book per Share : €6.41 (As of Mar. 2024)


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What is Algonquin Power & Utilities 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.

Algonquin Power & Utilities's adjusted book value per share for the three months ended in Mar. 2024 was €6.252. 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 €6.41 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Algonquin Power & Utilities's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 Algonquin Power & Utilities was 12.40% per year. The lowest was -7.50% per year. And the median was -0.10% per year.

As of today (2024-06-19), Algonquin Power & Utilities's current stock price is €5.396. Algonquin Power & Utilities's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.41. Algonquin Power & Utilities's Cyclically Adjusted PB Ratio of today is 0.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Algonquin Power & Utilities was 3.70. The lowest was 0.75. And the median was 2.32.


Algonquin Power & Utilities Cyclically Adjusted Book per Share Historical Data

The historical data trend for Algonquin Power & Utilities'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.

Algonquin Power & Utilities Cyclically Adjusted Book per Share Chart

Algonquin Power & Utilities 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 4.12 4.17 5.16 5.91 6.29

Algonquin Power & Utilities 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 5.93 6.17 6.31 6.29 6.41

Competitive Comparison of Algonquin Power & Utilities's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, Algonquin Power & Utilities'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.


Algonquin Power & Utilities's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Cyclically Adjusted PB Ratio falls into.



Algonquin Power & Utilities 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, Algonquin Power & Utilities'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)
=6.252/126.2576*126.2576
=6.252

Current CPI (Mar. 2024) = 126.2576.

Algonquin Power & Utilities Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.950 99.473 3.744
201409 3.320 99.394 4.217
201412 3.830 98.367 4.916
201503 4.407 99.789 5.576
201506 4.291 100.500 5.391
201509 4.181 100.421 5.257
201512 4.450 99.947 5.621
201603 4.340 101.054 5.422
201606 4.017 102.002 4.972
201609 3.989 101.765 4.949
201612 4.400 101.449 5.476
201703 5.064 102.634 6.230
201706 4.782 103.029 5.860
201709 4.570 103.345 5.583
201712 4.958 103.345 6.057
201803 4.691 105.004 5.640
201806 5.196 105.557 6.215
201809 5.227 105.636 6.247
201812 5.382 105.399 6.447
201903 5.484 106.979 6.472
201906 5.674 107.690 6.652
201909 5.900 107.611 6.922
201912 6.336 107.769 7.423
202003 6.042 107.927 7.068
202006 6.386 108.401 7.438
202009 6.494 108.164 7.580
202012 6.909 108.559 8.035
202103 7.043 110.298 8.062
202106 6.707 111.720 7.580
202109 6.686 112.905 7.477
202112 7.474 113.774 8.294
202203 7.569 117.646 8.123
202206 7.594 120.806 7.937
202209 7.658 120.648 8.014
202212 6.953 120.964 7.257
202303 7.177 122.702 7.385
202306 6.702 124.203 6.813
202309 6.440 125.230 6.493
202312 6.459 125.072 6.520
202403 6.252 126.258 6.252

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


Algonquin Power & Utilities  (FRA:751) 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.

Algonquin Power & Utilities's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.396/6.41
=0.84

* 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 Algonquin Power & Utilities was 3.70. The lowest was 0.75. And the median was 2.32.


Be Aware

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


Algonquin Power & Utilities Cyclically Adjusted Book per Share Related Terms

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


Algonquin Power & Utilities (FRA:751) Business Description

Address
354 Davis Road, Oakville, ON, CAN, L6J 2X1
Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.

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