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Criteo (FRA:CI5A) Cyclically Adjusted Book per Share : €14.39 (As of Sep. 2024)


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What is Criteo 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.

Criteo's adjusted book value per share for the three months ended in Sep. 2024 was €17.293. 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 €14.39 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Criteo's average Cyclically Adjusted Book Growth Rate was 8.70% 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.

As of today (2024-12-15), Criteo's current stock price is €40.60. Criteo's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €14.39. Criteo's Cyclically Adjusted PB Ratio of today is 2.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Criteo was 3.91. The lowest was 1.55. And the median was 2.26.


Criteo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Criteo'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.

Criteo Cyclically Adjusted Book per Share Chart

Criteo 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 - - 10.22 12.54 13.57

Criteo 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 13.97 13.57 14.33 14.57 14.39

Competitive Comparison of Criteo's Cyclically Adjusted Book per Share

For the Advertising Agencies subindustry, Criteo'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.


Criteo's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Criteo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Criteo 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, Criteo'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)
=17.293/119.5600*119.5600
=17.293

Current CPI (Sep. 2024) = 119.5600.

Criteo Quarterly Data

Book Value per Share CPI Adj_Book
201412 5.521 99.860 6.610
201503 5.945 100.170 7.096
201506 6.339 100.440 7.546
201509 6.302 99.950 7.538
201512 6.970 100.040 8.330
201603 7.500 100.020 8.965
201606 7.609 100.630 9.040
201609 8.021 100.340 9.557
201612 8.892 100.650 10.563
201703 9.532 101.170 11.265
201706 9.932 101.320 11.720
201709 10.198 101.330 12.033
201712 11.272 101.850 13.232
201803 11.571 102.750 13.464
201806 12.111 103.370 14.008
201809 12.486 103.560 14.415
201812 12.910 103.470 14.918
201903 13.254 103.890 15.253
201906 13.553 104.580 15.494
201909 13.867 104.500 15.865
201912 14.553 104.980 16.574
202003 14.602 104.590 16.692
202006 14.689 104.790 16.759
202009 14.535 104.550 16.622
202012 15.143 104.960 17.249
202103 15.332 105.750 17.334
202106 15.384 106.340 17.297
202109 15.615 106.810 17.479
202112 16.965 107.850 18.807
202203 17.514 110.490 18.952
202206 16.864 112.550 17.914
202209 17.651 112.740 18.719
202212 17.277 114.160 18.094
202303 16.974 116.790 17.377
202306 16.706 117.650 16.977
202309 16.743 118.260 16.927
202312 17.753 118.390 17.928
202403 17.560 119.470 17.573
202406 17.742 120.200 17.648
202409 17.293 119.560 17.293

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


Criteo  (FRA:CI5A) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.60/14.39
=2.82

* 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 Criteo was 3.91. The lowest was 1.55. And the median was 2.26.


Be Aware

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


Criteo Cyclically Adjusted Book per Share Related Terms

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


Criteo Business Description

Traded in Other Exchanges
Address
32 Rue Blanche, Paris, FRA, 75009
Criteo SA is an ad-tech company in the digital advertising market. Its technology, allows retailer advertisers to launch multichannel and cross-device marketing campaigns in real time. With real-time return on investment analysis of the ads, the firm's clients can adjust their marketing strategies dynamically. The firm also provides technology allowing retailers to effectively manage their ad inventories and improve yield optimization.

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