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Masonite International (FRA:MII) Cyclically Adjusted Book per Share : €28.24 (As of Mar. 2024)


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What is Masonite 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.

Masonite International's adjusted book value per share for the three months ended in Mar. 2024 was €38.112. 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 €28.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Masonite International's average Cyclically Adjusted Book Growth Rate was 4.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 Masonite International was 3.90% per year. The lowest was 3.90% per year. And the median was 3.90% per year.

As of today (2024-06-07), Masonite International's current stock price is €122.00. Masonite International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €28.24. Masonite International's Cyclically Adjusted PB Ratio of today is 4.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Masonite International was 4.73. The lowest was 2.31. And the median was 3.39.


Masonite International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Masonite 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.

Masonite International Cyclically Adjusted Book per Share Chart

Masonite International 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 - 21.92 24.10 27.59 27.34

Masonite International 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 25.83 27.61 28.38 27.34 28.24

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

For the Building Products & Equipment subindustry, Masonite 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.


Masonite International's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Masonite 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, Masonite International'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)
=38.112/126.2576*126.2576
=38.112

Current CPI (Mar. 2024) = 126.2576.

Masonite International Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.588 99.473 24.862
201409 19.705 99.394 25.031
201412 19.169 98.367 24.604
201503 19.820 99.789 25.077
201506 19.746 100.500 24.807
201509 18.659 100.421 23.460
201512 19.381 99.947 24.483
201603 19.289 101.054 24.100
201606 19.902 102.002 24.635
201609 19.874 101.765 24.657
201612 20.596 101.449 25.633
201703 20.653 102.634 25.407
201706 20.499 103.029 25.121
201709 19.345 103.345 23.634
201712 21.524 103.345 26.296
201803 20.574 105.004 24.738
201806 21.634 105.557 25.877
201809 21.849 105.636 26.114
201812 20.769 105.399 24.879
201903 20.874 106.979 24.636
201906 21.326 107.690 25.003
201909 21.914 107.611 25.711
201912 22.613 107.769 26.492
202003 21.634 107.927 25.308
202006 23.058 108.401 26.856
202009 21.986 108.164 25.664
202012 23.054 108.559 26.812
202103 24.906 110.298 28.510
202106 25.317 111.720 28.611
202109 25.940 112.905 29.008
202112 25.783 113.774 28.612
202203 24.748 117.646 26.560
202206 27.686 120.806 28.935
202209 31.082 120.648 32.527
202212 31.195 120.964 32.560
202303 32.472 122.702 33.413
202306 34.370 124.203 34.938
202309 36.180 125.230 36.477
202312 35.623 125.072 35.961
202403 38.112 126.258 38.112

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


Masonite International  (FRA:MII) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=122.00/28.24
=4.32

* 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 Masonite International was 4.73. The lowest was 2.31. And the median was 3.39.


Be Aware

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


Masonite International Cyclically Adjusted Book per Share Related Terms

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


Masonite International (FRA:MII) Business Description

Traded in Other Exchanges
Address
2771 Rutherford Road, Concord, ON, CAN, L4K 2N6
Masonite International Corp is engaged in designing, manufacturing, marketing and distributing interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Its product categories include interior molded residential doors, interior stile and rail residential doors, exterior fibreglass residential doors, exterior steel residential doors, interior architectural wood doors, wood veneers and molded door facings and door core. The company operates its manufacturing and distribution facilities in seven countries in North America, Europe, South America and Asia.

Masonite International (FRA:MII) Headlines

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