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Ameren (FRA:AE4) Cyclically Adjusted Book per Share : €37.73 (As of Mar. 2025)


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What is Ameren 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.

Ameren's adjusted book value per share for the three months ended in Mar. 2025 was €41.815. 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 €37.73 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ameren's average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 1.90% 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 Ameren was 6.00% per year. The lowest was -1.50% per year. And the median was 1.80% per year.

As of today (2025-05-23), Ameren's current stock price is €85.00. Ameren's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €37.73. Ameren's Cyclically Adjusted PB Ratio of today is 2.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ameren was 2.73. The lowest was 1.13. And the median was 2.15.


Ameren Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ameren'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.

Ameren Cyclically Adjusted Book per Share Chart

Ameren Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.74 30.38 34.65 34.66 39.01

Ameren Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 36.00 37.01 35.39 39.01 37.73

Competitive Comparison of Ameren's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Ameren'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.


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

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

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


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

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=41.815/134.9266*134.9266
=41.815

Current CPI (Mar. 2025) = 134.9266.

Ameren Quarterly Data

Book Value per Share CPI Adj_Book
201506 24.842 100.684 33.291
201509 25.760 100.392 34.622
201512 26.284 99.792 35.538
201603 25.426 100.470 34.146
201606 25.394 101.688 33.694
201609 26.418 101.861 34.994
201612 27.756 101.863 36.765
201703 27.225 102.862 35.712
201706 26.260 103.349 34.284
201709 25.402 104.136 32.913
201712 25.023 104.011 32.461
201803 24.070 105.290 30.845
201806 25.912 106.317 32.885
201809 26.868 106.507 34.037
201812 27.434 105.998 34.921
201903 27.764 107.251 34.929
201906 28.051 108.070 35.022
201909 29.781 108.329 37.093
201912 29.460 108.420 36.662
202003 29.635 108.902 36.717
202006 29.565 108.767 36.676
202009 29.155 109.815 35.822
202012 29.005 109.897 35.611
202103 30.076 111.754 36.312
202106 30.194 114.631 35.540
202109 31.957 115.734 37.256
202112 33.312 117.630 38.210
202203 34.484 121.301 38.358
202206 36.171 125.017 39.038
202209 39.857 125.227 42.944
202212 37.861 125.222 40.795
202303 37.726 127.348 39.971
202306 37.584 128.729 39.394
202309 39.358 129.860 40.894
202312 39.080 129.419 40.743
202403 39.488 131.776 40.432
202406 40.179 132.554 40.898
202409 39.946 133.029 40.516
202412 42.864 133.157 43.434
202503 41.815 134.927 41.815

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


Ameren  (FRA:AE4) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=85.00/37.73
=2.25

* 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 Ameren was 2.73. The lowest was 1.13. And the median was 2.15.


Be Aware

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


Ameren Cyclically Adjusted Book per Share Related Terms

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


Ameren Business Description

Industry
Traded in Other Exchanges
Address
1901 Chouteau Avenue, St. Louis, MO, USA, 63103
Ameren owns rate-regulated generation, transmission, and distribution networks that deliver electricity and natural gas in Missouri and Illinois. It serves 2.5 million electricity customers and approximately 1 million natural gas customers.

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