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MasTec (FRA:MY8) Cyclically Adjusted Book per Share : €23.53 (As of Mar. 2024)


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What is MasTec 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.

MasTec's adjusted book value per share for the three months ended in Mar. 2024 was €30.963. 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 €23.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MasTec's average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.90% 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 MasTec was 19.70% per year. The lowest was -1.70% per year. And the median was 10.40% per year.

As of today (2024-07-20), MasTec's current stock price is €95.50. MasTec's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €23.53. MasTec's Cyclically Adjusted PB Ratio of today is 4.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MasTec was 7.14. The lowest was 1.44. And the median was 3.88.


MasTec Cyclically Adjusted Book per Share Historical Data

The historical data trend for MasTec'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.

MasTec Cyclically Adjusted Book per Share Chart

MasTec 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 12.54 13.03 16.70 20.61 21.94

MasTec 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 21.04 21.60 23.28 21.94 23.53

Competitive Comparison of MasTec's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, MasTec'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.


MasTec's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



MasTec 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, MasTec'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)
=30.963/131.7762*131.7762
=30.963

Current CPI (Mar. 2024) = 131.7762.

MasTec Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.780 100.560 12.816
201409 10.658 100.428 13.985
201412 10.946 99.070 14.560
201503 11.855 99.621 15.681
201506 11.416 100.684 14.941
201509 11.386 100.392 14.946
201512 10.768 99.792 14.219
201603 10.269 100.470 13.469
201606 10.442 101.688 13.532
201609 11.087 101.861 14.343
201612 12.594 101.863 16.292
201703 12.916 102.862 16.547
201706 13.189 103.349 16.817
201709 13.135 104.136 16.621
201712 14.601 104.011 18.499
201803 13.753 105.290 17.213
201806 15.233 106.317 18.881
201809 16.206 106.507 20.051
201812 16.076 105.998 19.986
201903 16.617 107.251 20.417
201906 17.961 108.070 21.901
201909 19.926 108.329 24.239
201912 21.008 108.420 25.534
202003 20.696 108.902 25.043
202006 21.039 108.767 25.490
202009 21.546 109.815 25.855
202012 22.188 109.897 26.605
202103 23.567 111.754 27.789
202106 24.106 114.631 27.711
202109 26.004 115.734 29.608
202112 29.409 117.630 32.946
202203 29.824 121.301 32.400
202206 31.060 125.017 32.739
202209 33.991 125.227 35.769
202212 32.842 125.222 34.561
202303 31.341 127.348 32.431
202306 31.356 128.729 32.098
202309 32.135 129.860 32.609
202312 31.301 129.419 31.871
202403 30.963 131.776 30.963

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


MasTec  (FRA:MY8) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=95.50/23.53
=4.06

* 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 MasTec was 7.14. The lowest was 1.44. And the median was 3.88.


Be Aware

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


MasTec Cyclically Adjusted Book per Share Related Terms

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


MasTec (FRA:MY8) Business Description

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800 S. Douglas Road, 12th Floor, Coral Gables, FL, USA, 33134
MasTec is a leading infrastructure construction company operating mainly in North America across a range of industries. The company's primary activities include the engineering, building, installation, maintenance, and upgrade of communications, oil and gas, utility, renewable energy, and other infrastructure. MasTec reports its results under five reportable segments: 1) communications; 2) clean energy and infrastructure; 3) oil and gas; 4) power delivery, and 5) other.

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