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Glatfelter (FRA:GLN) Cyclically Adjusted Book per Share : €13.23 (As of Mar. 2024)


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What is Glatfelter 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.

Glatfelter's adjusted book value per share for the three months ended in Mar. 2024 was €4.540. 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 €13.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Glatfelter's average Cyclically Adjusted Book Growth Rate was -6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.50% 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 Glatfelter was 5.20% per year. The lowest was -2.30% per year. And the median was 2.30% per year.

As of today (2024-05-16), Glatfelter's current stock price is €1.577. Glatfelter's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €13.23. Glatfelter's Cyclically Adjusted PB Ratio of today is 0.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Glatfelter was 2.68. The lowest was 0.09. And the median was 1.20.


Glatfelter Cyclically Adjusted Book per Share Historical Data

The historical data trend for Glatfelter'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.

Glatfelter Cyclically Adjusted Book per Share Chart

Glatfelter 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 13.30 12.30 14.21 15.16 14.15

Glatfelter 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 14.16 14.77 14.99 14.15 13.23

Competitive Comparison of Glatfelter's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, Glatfelter'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.


Glatfelter's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

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

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



Glatfelter 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, Glatfelter'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)
=4.54/131.7762*131.7762
=4.540

Current CPI (Mar. 2024) = 131.7762.

Glatfelter Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.881 100.560 15.569
201409 12.436 100.428 16.318
201412 12.227 99.070 16.264
201503 13.326 99.621 17.627
201506 13.130 100.684 17.185
201509 13.263 100.392 17.409
201512 14.023 99.792 18.517
201603 14.249 100.470 18.689
201606 13.820 101.688 17.909
201609 14.152 101.861 18.308
201612 14.233 101.863 18.413
201703 14.356 102.862 18.391
201706 13.989 103.349 17.837
201709 13.678 104.136 17.309
201712 13.735 104.011 17.401
201803 13.438 105.290 16.818
201806 13.432 106.317 16.649
201809 11.880 106.507 14.699
201812 10.776 105.998 13.397
201903 10.779 107.251 13.244
201906 10.882 108.070 13.269
201909 11.075 108.329 13.472
201912 11.308 108.420 13.744
202003 11.089 108.902 13.418
202006 10.828 108.767 13.119
202009 10.686 109.815 12.823
202012 10.707 109.897 12.839
202103 10.791 111.754 12.724
202106 10.649 114.631 12.242
202109 10.754 115.734 12.245
202112 10.782 117.630 12.079
202203 8.462 121.301 9.193
202206 8.238 125.017 8.683
202209 7.208 125.227 7.585
202212 6.702 125.222 7.053
202303 6.498 127.348 6.724
202306 5.713 128.729 5.848
202309 5.272 129.860 5.350
202312 5.224 129.419 5.319
202403 4.540 131.776 4.540

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


Glatfelter  (FRA:GLN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.577/13.23
=0.12

* 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 Glatfelter was 2.68. The lowest was 0.09. And the median was 1.20.


Be Aware

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


Glatfelter Cyclically Adjusted Book per Share Related Terms

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


Glatfelter (FRA:GLN) Business Description

Industry
Traded in Other Exchanges
Address
4350 Congress Street, Suite 600, Charlotte, NC, USA, 28209
Glatfelter Corporation manufactures and sells a variety of paper and fiber products. The company operates through two segments: Composite Fibers and Airlaid Materials. The Composite Fibers segment produces materials used in coffee and tea filtration, wallcovering, consumer product, and fiber-based applications for commercial and industrial use. The Airlaid Materials segment produces materials used in feminine hygiene, specialty wipes, tabletop, home care, and other consumables. The majority of the company's manufacturing facilities are located in North America and Europe, and it has sales and distribution offices in Russia, Italy, China, and the United States. Products are sold worldwide, with most of its revenue coming from Europe, the United States, and Canada.

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