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Haynes International (FRA:HYVN) Cyclically Adjusted Book per Share : €30.24 (As of Jun. 2024)


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What is Haynes International 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.

Haynes International's adjusted book value per share for the three months ended in Jun. 2024 was €32.864. 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 €30.24 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Haynes International's average Cyclically Adjusted Book Growth Rate was 2.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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 Haynes International was 87.80% per year. The lowest was -0.60% per year. And the median was 5.00% per year.

As of today (2024-10-31), Haynes International's current stock price is €55.00. Haynes International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €30.24. Haynes International's Cyclically Adjusted PB Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Haynes International was 2.07. The lowest was 0.58. And the median was 1.34.


Haynes International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Haynes International'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.

Haynes International Cyclically Adjusted Book per Share Chart

Haynes International 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 25.27 23.69 24.40 31.88 30.08

Haynes International Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 29.26 30.08 29.09 29.67 30.24

Competitive Comparison of Haynes International's Cyclically Adjusted Book per Share

For the Metal Fabrication subindustry, Haynes International'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.


Haynes International's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haynes International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Haynes International 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, Haynes International's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=32.864/132.5538*132.5538
=32.864

Current CPI (Jun. 2024) = 132.5538.

Haynes International Quarterly Data

Book Value per Share CPI Adj_Book
201409 21.666 100.428 28.597
201412 22.765 99.070 30.459
201503 26.533 99.621 35.304
201506 26.232 100.684 34.535
201509 24.483 100.392 32.327
201512 25.002 99.792 33.210
201603 24.307 100.470 32.069
201606 24.006 101.688 31.293
201609 22.205 101.861 28.896
201612 23.318 101.863 30.344
201703 22.961 102.862 29.589
201706 21.774 103.349 27.927
201709 22.385 104.136 28.494
201712 20.968 104.011 26.722
201803 20.094 105.290 25.297
201806 20.988 106.317 26.167
201809 22.837 106.507 28.422
201812 23.076 105.998 28.857
201903 23.313 107.251 28.813
201906 23.349 108.070 28.639
201909 21.498 108.329 26.305
201912 21.763 108.420 26.607
202003 21.882 108.902 26.635
202006 20.871 108.767 25.435
202009 20.279 109.815 24.478
202012 19.308 109.897 23.289
202103 19.456 111.754 23.077
202106 19.297 114.631 22.314
202109 23.230 115.734 26.606
202112 24.172 117.630 27.239
202203 25.166 121.301 27.501
202206 26.877 125.017 28.497
202209 30.389 125.227 32.167
202212 29.160 125.222 30.867
202303 29.768 127.348 30.985
202306 29.977 128.729 30.868
202309 31.964 129.860 32.627
202312 31.711 129.419 32.479
202403 32.127 131.776 32.317
202406 32.864 132.554 32.864

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


Haynes International  (FRA:HYVN) 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.

Haynes International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=55.00/30.24
=1.82

* 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 Haynes International was 2.07. The lowest was 0.58. And the median was 1.34.


Be Aware

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


Haynes International Cyclically Adjusted Book per Share Related Terms

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


Haynes International Business Description

Traded in Other Exchanges
Address
1020 West Park Avenue, Kokomo, IN, USA, 46904-9013
Haynes International Inc is a producer of high-performance nickel and cobalt-based alloys. The company is focused on developing, manufacturing, marketing, and distributing technology and high-performance alloys. The company operates in a single segment: the design, manufacture, marketing, and distribution of technologically advanced, high-performance alloys for use in the aerospace, industrial gas turbine, chemical processing, and other industries Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, China, and other countries.

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