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Hawaiian Electric Industries (FRA:HWI) Cyclically Adjusted Book per Share : €22.52 (As of Dec. 2024)


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What is Hawaiian Electric Industries 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.

Hawaiian Electric Industries's adjusted book value per share for the three months ended in Dec. 2024 was €8.190. 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 €22.52 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Hawaiian Electric Industries's average Cyclically Adjusted Book Growth Rate was -1.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.80% 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 Hawaiian Electric Industries was 5.80% per year. The lowest was 0.40% per year. And the median was 2.15% per year.

As of today (2025-05-10), Hawaiian Electric Industries's current stock price is €9.21. Hawaiian Electric Industries's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €22.52. Hawaiian Electric Industries's Cyclically Adjusted PB Ratio of today is 0.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hawaiian Electric Industries was 2.63. The lowest was 0.34. And the median was 1.87.


Hawaiian Electric Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hawaiian Electric Industries'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.

Hawaiian Electric Industries Cyclically Adjusted Book per Share Chart

Hawaiian Electric Industries 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 15.67 18.68 21.31 21.15 22.52

Hawaiian Electric Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 21.15 21.21 21.73 21.13 22.52

Competitive Comparison of Hawaiian Electric Industries's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries'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.


Hawaiian Electric Industries's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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


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Hawaiian Electric Industries 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, Hawaiian Electric Industries's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=8.19/133.1571*133.1571
=8.190

Current CPI (Dec. 2024) = 133.1571.

Hawaiian Electric Industries Quarterly Data

Book Value per Share CPI Adj_Book
201503 16.326 99.621 21.822
201506 15.743 100.684 20.821
201509 15.928 100.392 21.127
201512 16.467 99.792 21.973
201603 16.167 100.470 21.427
201606 16.175 101.688 21.181
201609 16.985 101.861 22.204
201612 18.044 101.863 23.588
201703 17.760 102.862 22.991
201706 16.976 103.349 21.872
201709 16.219 104.136 20.739
201712 16.291 104.011 20.856
201803 15.586 105.290 19.711
201806 16.534 106.317 20.708
201809 16.782 106.507 20.981
201812 17.456 105.998 21.929
201903 17.739 107.251 22.024
201906 17.937 108.070 22.101
201909 18.687 108.329 22.970
201912 18.832 108.420 23.129
202003 18.876 108.902 23.080
202006 18.637 108.767 22.816
202009 18.066 109.815 21.906
202012 17.599 109.897 21.324
202103 17.843 111.754 21.260
202106 17.975 114.631 20.880
202109 18.534 115.734 21.324
202112 19.357 117.630 21.912
202203 19.114 121.301 20.982
202206 19.302 125.017 20.559
202209 19.956 125.227 21.220
202212 18.993 125.222 20.197
202303 19.076 127.348 19.946
202306 18.941 128.729 19.593
202309 18.933 129.860 19.414
202312 19.520 129.419 20.084
202403 19.829 131.776 20.037
202406 9.140 132.554 9.182
202409 8.239 133.029 8.247
202412 8.190 133.157 8.190

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


Hawaiian Electric Industries  (FRA:HWI) 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.

Hawaiian Electric Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.21/22.52
=0.41

* 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 Hawaiian Electric Industries was 2.63. The lowest was 0.34. And the median was 1.87.


Be Aware

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


Hawaiian Electric Industries Cyclically Adjusted Book per Share Related Terms

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


Hawaiian Electric Industries Business Description

Traded in Other Exchanges
Address
1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and owns a 10% minority interest in Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai.

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