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Superior Plus (FRA:8SP) Cyclically Adjusted Book per Share : €4.43 (As of Mar. 2024)


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What is Superior Plus 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.

Superior Plus's adjusted book value per share for the three months ended in Mar. 2024 was €4.177. 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 €4.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Superior Plus's average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.90% 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 Superior Plus was 5.60% per year. The lowest was -9.70% per year. And the median was -4.30% per year.

As of today (2024-05-25), Superior Plus's current stock price is €6.10. Superior Plus's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.43. Superior Plus's Cyclically Adjusted PB Ratio of today is 1.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Superior Plus was 2.83. The lowest was 1.24. And the median was 1.97.


Superior Plus Cyclically Adjusted Book per Share Historical Data

The historical data trend for Superior Plus'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.

Superior Plus Cyclically Adjusted Book per Share Chart

Superior Plus 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 3.81 3.64 3.84 4.37 4.32

Superior Plus 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 4.20 4.40 4.55 4.32 4.43

Competitive Comparison of Superior Plus's Cyclically Adjusted Book per Share

For the Utilities - Regulated Gas subindustry, Superior Plus'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.


Superior Plus's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Superior Plus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Superior Plus 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, Superior Plus'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)
=4.177/126.2576*126.2576
=4.177

Current CPI (Mar. 2024) = 126.2576.

Superior Plus Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.985 99.473 3.789
201409 2.826 99.394 3.590
201412 3.047 98.367 3.911
201503 3.220 99.789 4.074
201506 3.242 100.500 4.073
201509 2.886 100.421 3.629
201512 3.358 99.947 4.242
201603 3.736 101.054 4.668
201606 3.559 102.002 4.405
201609 4.592 101.765 5.697
201612 4.586 101.449 5.708
201703 4.682 102.634 5.760
201706 4.381 103.029 5.369
201709 3.562 103.345 4.352
201712 3.652 103.345 4.462
201803 3.538 105.004 4.254
201806 3.648 105.557 4.363
201809 4.152 105.636 4.963
201812 4.018 105.399 4.813
201903 4.506 106.979 5.318
201906 4.201 107.690 4.925
201909 3.975 107.611 4.664
201912 4.093 107.769 4.795
202003 4.174 107.927 4.883
202006 3.952 108.401 4.603
202009 3.466 108.164 4.046
202012 3.477 108.559 4.044
202103 3.733 110.298 4.273
202106 3.967 111.720 4.483
202109 3.784 112.905 4.232
202112 3.879 113.774 4.305
202203 4.432 117.646 4.756
202206 4.618 120.806 4.826
202209 4.132 120.648 4.324
202212 3.840 120.964 4.008
202303 4.159 122.702 4.280
202306 4.392 124.203 4.465
202309 4.005 125.230 4.038
202312 3.967 125.072 4.005
202403 4.177 126.258 4.177

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


Superior Plus  (FRA:8SP) 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.

Superior Plus's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.10/4.43
=1.38

* 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 Superior Plus was 2.83. The lowest was 1.24. And the median was 1.97.


Be Aware

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


Superior Plus Cyclically Adjusted Book per Share Related Terms

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


Superior Plus (FRA:8SP) Business Description

Industry
Traded in Other Exchanges
Address
200 Wellington Street West, Suite 401, Toronto, ON, CAN, M5V 3C7
Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane, Canadian Propane & Wholesale Propane, out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California. The Canadian Propane segment includes the Canadian retail business with operations across Canada. The Wholesale Propane segment is the wholesale business with operations in Canada & the Western United States.

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