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Cabot (FRA:CBT) Cyclically Adjusted Book per Share : €21.79 (As of Mar. 2024)


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What is Cabot 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.

Cabot's adjusted book value per share for the three months ended in Mar. 2024 was €22.759. 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 €21.79 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cabot's average Cyclically Adjusted Book Growth Rate was -5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.70% 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 Cabot was 11.40% per year. The lowest was -0.70% per year. And the median was 5.70% per year.

As of today (2024-05-16), Cabot's current stock price is €94.00. Cabot's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €21.79. Cabot's Cyclically Adjusted PB Ratio of today is 4.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cabot was 4.32. The lowest was 0.83. And the median was 2.12.


Cabot Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cabot'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.

Cabot Cyclically Adjusted Book per Share Chart

Cabot Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.94 21.70 21.98 25.49 23.04

Cabot 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 22.95 22.59 23.04 22.03 21.79

Competitive Comparison of Cabot's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Cabot'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.


Cabot's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Cabot's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cabot 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, Cabot'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)
=22.759/129.4194*129.4194
=22.759

Current CPI (Mar. 2024) = 129.4194.

Cabot Quarterly Data

Book Value per Share CPI Adj_Book
201406 23.785 100.560 30.611
201409 23.407 100.428 30.164
201412 23.598 99.070 30.827
201503 25.135 99.621 32.653
201506 17.901 100.684 23.010
201509 17.604 100.392 22.694
201512 17.064 99.792 22.130
201603 18.133 100.470 23.358
201606 18.403 101.688 23.422
201609 18.247 101.861 23.184
201612 18.081 101.863 22.972
201703 19.532 102.862 24.575
201706 19.637 103.349 24.591
201709 20.391 104.136 25.342
201712 18.432 104.011 22.935
201803 15.953 105.290 19.609
201806 16.116 106.317 19.618
201809 16.383 106.507 19.907
201812 16.883 105.998 20.614
201903 16.716 107.251 20.171
201906 16.732 108.070 20.038
201909 15.876 108.329 18.967
201912 16.314 108.420 19.474
202003 14.831 108.902 17.625
202006 14.627 108.767 17.404
202009 10.389 109.815 12.244
202012 11.951 109.897 14.074
202103 12.031 111.754 13.933
202106 13.974 114.631 15.777
202109 14.190 115.734 15.868
202112 12.419 117.630 13.664
202203 14.771 121.301 15.760
202206 15.039 125.017 15.569
202209 16.124 125.227 16.664
202212 16.913 125.222 17.480
202303 18.282 127.348 18.579
202306 18.662 128.729 18.762
202309 21.439 129.860 21.366
202312 21.988 129.419 21.988
202403 22.759 129.419 22.759

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


Cabot  (FRA:CBT) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=94.00/21.79
=4.31

* 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 Cabot was 4.32. The lowest was 0.83. And the median was 2.12.


Be Aware

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


Cabot Cyclically Adjusted Book per Share Related Terms

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


Cabot (FRA:CBT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cabot Corp (FRA:CBT) » Definitions » Cyclically Adjusted Book per Share
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Address
Two Seaport Lane, Suite 1400, Boston, MA, USA, 02210
Cabot Corp manufactures and sells a variety of chemicals, materials, and chemical-based products. The company organizes itself into two segments based on the product type. The reinforcement materials segment, which generates more revenue than any other segment, sells rubber-grade carbon black products used in hoses and belts in automobiles. The performance chemicals segment sells ink-jet colorants and metal oxides used in the automotive and construction industries.