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Alfa Laval AB (FRA:AA9) Cyclically Adjusted Book per Share : €6.74 (As of Sep. 2024)


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What is Alfa Laval 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.

Alfa Laval AB's adjusted book value per share for the three months ended in Sep. 2024 was €8.398. 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 €6.74 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Alfa Laval AB's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.00% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Alfa Laval AB was 14.10% per year. The lowest was 8.70% per year. And the median was 11.15% per year.

As of today (2024-12-15), Alfa Laval AB's current stock price is €41.11. Alfa Laval AB's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €6.74. Alfa Laval AB's Cyclically Adjusted PB Ratio of today is 6.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alfa Laval AB was 7.37. The lowest was 3.54. And the median was 5.32.


Alfa Laval AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alfa Laval 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.

Alfa Laval AB Cyclically Adjusted Book per Share Chart

Alfa Laval AB 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 4.43 4.86 5.34 5.95 6.56

Alfa Laval AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6.02 6.56 6.33 6.55 6.74

Competitive Comparison of Alfa Laval AB's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Alfa Laval 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.


Alfa Laval AB's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Alfa Laval AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alfa Laval 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, Alfa Laval AB's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=8.398/132.3043*132.3043
=8.398

Current CPI (Sep. 2024) = 132.3043.

Alfa Laval AB Quarterly Data

Book Value per Share CPI Adj_Book
201412 4.328 100.225 5.713
201503 4.724 99.950 6.253
201506 4.429 99.995 5.860
201509 4.369 100.228 5.767
201512 4.716 100.276 6.222
201603 4.995 100.751 6.559
201606 4.898 101.019 6.415
201609 4.974 101.138 6.507
201612 4.948 102.022 6.417
201703 5.191 102.022 6.732
201706 4.603 102.752 5.927
201709 4.865 103.279 6.232
201712 4.896 103.793 6.241
201803 5.239 103.962 6.667
201806 5.138 104.875 6.482
201809 5.183 105.679 6.489
201812 5.448 105.912 6.806
201903 5.830 105.886 7.285
201906 5.630 106.742 6.978
201909 5.935 107.214 7.324
201912 6.278 107.766 7.708
202003 5.906 106.563 7.333
202006 6.346 107.498 7.810
202009 6.557 107.635 8.060
202012 6.774 108.296 8.276
202103 7.271 108.360 8.878
202106 6.890 108.928 8.369
202109 7.069 110.338 8.476
202112 7.523 112.486 8.848
202203 7.787 114.825 8.972
202206 7.290 118.384 8.147
202209 7.573 122.296 8.193
202212 7.787 126.365 8.153
202303 7.626 127.042 7.942
202306 7.255 129.407 7.417
202309 7.545 130.224 7.666
202312 8.010 131.912 8.034
202403 8.450 132.205 8.456
202406 8.248 132.716 8.222
202409 8.398 132.304 8.398

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


Alfa Laval AB  (FRA:AA9) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.11/6.74
=6.10

* 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 Alfa Laval AB was 7.37. The lowest was 3.54. And the median was 5.32.


Be Aware

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


Alfa Laval AB Cyclically Adjusted Book per Share Related Terms

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


Alfa Laval AB Business Description

Industry
Traded in Other Exchanges
Address
Rudeboksvagen 1, P.O. Box 73, Lund, SWE, SE-221 00
Alfa Laval is a leading manufacturer of highly engineered equipment, primarily in the areas of separation, heat transfer, and fluid handling used by a diverse range of customers spanning the food, water, energy, and marine industry verticals. These products play a key role in a number of industrial processes, and Alfa Laval enjoys a leading position in all three areas. Alfa Laval's history stretches back 140 years to when its first separator was developed. The company is listed on the Stockholm stock exchange.

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