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Boliden AB (FRA:BWJ) Cyclically Adjusted Book per Share : €14.83 (As of Mar. 2024)


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What is Boliden 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.

Boliden AB's adjusted book value per share for the three months ended in Mar. 2024 was €18.887. 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 €14.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boliden AB's average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.20% 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 Boliden AB was 14.80% per year. The lowest was -50.50% per year. And the median was 10.00% per year.

As of today (2024-05-28), Boliden AB's current stock price is €31.51. Boliden AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.83. Boliden AB's Cyclically Adjusted PB Ratio of today is 2.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Boliden AB was 3.85. The lowest was 1.43. And the median was 2.43.


Boliden AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Boliden 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.

Boliden AB Cyclically Adjusted Book per Share Chart

Boliden 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 9.92 11.32 11.69 14.05 15.48

Boliden AB 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 13.78 13.63 14.07 15.48 14.83

Competitive Comparison of Boliden AB's Cyclically Adjusted Book per Share

For the Other Industrial Metals & Mining subindustry, Boliden 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.


Boliden AB's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Boliden AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Boliden 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, Boliden AB'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)
=18.887/132.2054*132.2054
=18.887

Current CPI (Mar. 2024) = 132.2054.

Boliden AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.202 100.432 12.113
201409 9.326 100.161 12.310
201412 9.316 100.225 12.289
201503 9.756 99.950 12.904
201506 9.849 99.995 13.022
201509 9.974 100.228 13.156
201512 10.195 100.276 13.441
201603 10.419 100.751 13.672
201606 10.256 101.019 13.422
201609 10.528 101.138 13.762
201612 11.063 102.022 14.336
201703 11.892 102.022 15.410
201706 11.669 102.752 15.014
201709 12.451 103.279 15.938
201712 12.900 103.793 16.431
201803 13.575 103.962 17.263
201806 12.865 104.875 16.218
201809 13.062 105.679 16.341
201812 13.880 105.912 17.326
201903 14.335 105.886 17.898
201906 13.399 106.742 16.595
201909 13.877 107.214 17.112
201912 14.453 107.766 17.731
202003 14.552 106.563 18.054
202006 14.620 107.498 17.980
202009 15.431 107.635 18.953
202012 16.396 108.296 20.016
202103 17.339 108.360 21.155
202106 16.737 108.928 20.314
202109 17.343 110.338 20.780
202112 18.107 112.486 21.281
202203 19.156 114.825 22.055
202206 17.857 118.384 19.942
202209 18.644 122.296 20.155
202212 19.393 126.365 20.289
202303 19.805 127.042 20.610
202306 17.295 129.407 17.669
202309 17.310 130.224 17.573
202312 18.438 131.912 18.479
202403 18.887 132.205 18.887

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


Boliden AB  (FRA:BWJ) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=31.51/14.83
=2.12

* 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 Boliden AB was 3.85. The lowest was 1.43. And the median was 2.43.


Be Aware

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


Boliden AB Cyclically Adjusted Book per Share Related Terms

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


Boliden AB (FRA:BWJ) Business Description

Industry
Traded in Other Exchanges
Address
Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20
Boliden AB operates six mining areas and five smelters in Sweden, Norway, Finland, and Ireland. The company primarily processes zinc, copper, gold, lead, and silver and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: business area smelters and business area mines. The business area mines division comprises six mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kylylahti and Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines.

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