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Pendrell (FRA:L6U3) Cyclically Adjusted Book per Share : €0.00 (As of Dec. 2017)


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What is Pendrell Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Pendrell's adjusted book value per share for the three months ended in Dec. 2017 was €31.005. 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 €0.00 for the trailing ten years ended in Dec. 2017.

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 (2024-06-08), Pendrell's current stock price is €534.19. Pendrell's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2017 was €0.00. Pendrell's Cyclically Adjusted PB Ratio of today is .


Pendrell Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pendrell'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.

Pendrell Cyclically Adjusted Book per Share Chart

Pendrell Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Book per Share
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Pendrell Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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Competitive Comparison of Pendrell's Cyclically Adjusted Book per Share

For the Specialty Business Services subindustry, Pendrell'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.


Pendrell's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pendrell's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pendrell 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, Pendrell's adjusted Book Value per Share data for the three months ended in Dec. 2017 was:

Adj_Book= Book Value per Share /CPI of Dec. 2017 (Change)*Current CPI (Dec. 2017)
=31.005/104.0111*104.0111
=31.005

Current CPI (Dec. 2017) = 104.0111.

Pendrell Quarterly Data

Book Value per Share CPI Adj_Book
200803 -517.545 90.090 -597.520
200806 -489.345 92.320 -551.312
200809 -594.269 92.307 -669.620
200812 -686.644 88.697 -805.194
200903 -867.171 89.744 -1,005.028
200906 -4.234 91.003 -4.839
200909 -4.872 91.120 -5.561
200912 -5.667 91.111 -6.469
201003 -2.847 91.821 -3.225
201006 -3.520 91.962 -3.981
201009 -4.389 92.162 -4.953
201012 -3.074 92.474 -3.458
201103 35.762 94.283 39.452
201106 34.616 95.235 37.806
201109 35.727 95.727 38.819
201112 41.600 95.213 45.444
201203 41.222 96.783 44.301
201206 54.587 96.819 58.642
201209 51.787 97.633 55.170
201212 50.300 96.871 54.007
201303 49.715 98.209 52.652
201306 46.937 98.518 49.554
201309 44.812 98.790 47.180
201312 42.463 98.326 44.918
201403 42.580 99.695 44.424
201406 42.048 100.560 43.491
201409 42.759 100.428 44.285
201412 41.344 99.070 43.406
201503 47.227 99.621 49.308
201506 44.464 100.684 45.933
201509 44.788 100.392 46.403
201512 29.651 99.792 30.904
201603 30.255 100.470 31.321
201606 33.568 101.688 34.335
201609 32.871 101.861 33.565
201612 34.280 101.863 35.003
201703 30.114 102.862 30.450
201706 33.014 103.349 33.225
201709 31.533 104.136 31.495
201712 31.005 104.011 31.005

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


Pendrell  (FRA:L6U3) 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.


Be Aware

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


Pendrell Cyclically Adjusted Book per Share Related Terms

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


Pendrell (FRA:L6U3) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2300 Carillon Point, Kirkland, WA, USA, 98033
Pendrell Corp is engaged in licensing and selling its Intellectual Property (IP) rights. The company's subsidiaries hold patents that support three IP licensing programs digital media, digital cinema, and memory and storage technologies.

Pendrell (FRA:L6U3) Headlines

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