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Cogeco (FRA:76E) Cyclically Adjusted Book per Share : €38.28 (As of Feb. 2025)


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What is Cogeco 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.

Cogeco's adjusted book value per share for the three months ended in Feb. 2025 was €61.160. 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 €38.28 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Cogeco's average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Cogeco was 11.70% per year. The lowest was 1.40% per year. And the median was 4.65% per year.

As of today (2025-05-10), Cogeco's current stock price is €40.60. Cogeco's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was €38.28. Cogeco's Cyclically Adjusted PB Ratio of today is 1.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cogeco was 3.28. The lowest was 0.87. And the median was 2.00.


Cogeco Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cogeco'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.

Cogeco Cyclically Adjusted Book per Share Chart

Cogeco Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.40 26.64 35.18 33.01 36.58

Cogeco 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 34.97 37.70 36.58 35.75 38.28

Competitive Comparison of Cogeco's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Cogeco'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.


Cogeco's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogeco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Cogeco 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, Cogeco's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book= Book Value per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=61.16/128.7859*128.7859
=61.160

Current CPI (Feb. 2025) = 128.7859.

Cogeco Quarterly Data

Book Value per Share CPI Adj_Book
201505 25.108 100.263 32.251
201508 24.494 100.579 31.363
201511 26.030 100.421 33.382
201602 25.259 100.421 32.394
201605 21.339 101.765 27.005
201608 20.546 101.686 26.022
201611 21.769 101.607 27.592
201702 23.518 102.476 29.556
201705 22.764 103.108 28.433
201708 23.424 103.108 29.258
201711 23.982 103.740 29.772
201802 25.940 104.688 31.911
201805 27.358 105.399 33.428
201808 28.806 106.031 34.988
201811 29.737 105.478 36.308
201902 30.255 106.268 36.666
201905 30.995 107.927 36.985
201908 31.711 108.085 37.784
201911 32.856 107.769 39.263
202002 32.700 108.559 38.793
202005 31.254 107.532 37.431
202008 30.397 108.243 36.166
202011 32.082 108.796 37.977
202102 32.712 109.745 38.388
202105 33.786 111.404 39.058
202108 34.431 112.668 39.357
202111 36.563 113.932 41.330
202202 37.489 115.986 41.626
202205 41.312 120.016 44.331
202208 44.561 120.569 47.598
202211 44.284 121.675 46.872
202302 42.660 122.070 45.007
202305 39.551 124.045 41.063
202308 40.620 125.389 41.721
202311 40.967 125.468 42.051
202402 57.385 125.468 58.903
202405 57.725 127.601 58.261
202408 56.534 127.838 56.953
202411 59.955 127.838 60.400
202502 61.160 128.786 61.160

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


Cogeco  (FRA:76E) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.60/38.28
=1.06

* 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 Cogeco was 3.28. The lowest was 0.87. And the median was 2.00.


Be Aware

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


Cogeco Cyclically Adjusted Book per Share Related Terms

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


Cogeco Business Description

Traded in Other Exchanges
Address
1 Place Ville Marie, Bureau 3301, Montreal, QC, CAN, H3B 3N2
Cogeco Inc is a telecommunications company. The company has operating segments, namely Canadian telecommunications and American telecommunications and Others. The Canadian and American telecommunications segments provide a wide range of Internet, video, and telephony services to residential customers, as well as business services across their coverage areas. The Canadian telecommunications segment activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American telecommunications segment activities are carried out by Atlantic Broadband in 12 states. It derives maximum revenue from Canadian telecommunications segment.

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