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Onex (FRA:ONE) Cyclically Adjusted Book per Share : €52.14 (As of Jun. 2024)


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What is Onex 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.

Onex's adjusted book value per share for the three months ended in Jun. 2024 was €105.278. 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 €52.14 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Onex's average Cyclically Adjusted Book Growth Rate was 24.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 33.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 38.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 20.40% 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 Onex was 45.30% per year. The lowest was -4.60% per year. And the median was 5.90% per year.

As of today (2024-09-22), Onex's current stock price is €62.00. Onex's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €52.14. Onex's Cyclically Adjusted PB Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Onex was 9.97. The lowest was 1.03. And the median was 4.47.


Onex Cyclically Adjusted Book per Share Historical Data

The historical data trend for Onex'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.

Onex Cyclically Adjusted Book per Share Chart

Onex 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 14.01 18.80 28.02 37.49 46.78

Onex 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 41.95 45.50 46.78 49.09 52.14

Competitive Comparison of Onex's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Onex'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.


Onex's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Onex's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Onex 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, Onex'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)
=105.278/127.5217*127.5217
=105.278

Current CPI (Jun. 2024) = 127.5217.

Onex Quarterly Data

Book Value per Share CPI Adj_Book
201409 9.175 99.394 11.771
201412 5.999 98.367 7.777
201503 4.617 99.789 5.900
201506 0.996 100.500 1.264
201509 1.359 100.421 1.726
201512 -1.412 99.947 -1.802
201603 -3.484 101.054 -4.397
201606 -0.585 102.002 -0.731
201609 -2.338 101.765 -2.930
201612 -4.542 101.449 -5.709
201703 -8.414 102.634 -10.454
201706 18.136 103.029 22.447
201709 21.236 103.345 26.204
201712 24.053 103.345 29.680
201803 23.111 105.004 28.067
201806 20.042 105.557 24.212
201809 15.979 105.636 19.290
201812 22.407 105.399 27.110
201903 56.918 106.979 67.848
201906 59.273 107.690 70.188
201909 61.615 107.611 73.015
201912 62.745 107.769 74.245
202003 53.884 107.927 63.667
202006 59.071 108.401 69.490
202009 62.290 108.164 73.438
202012 65.852 108.559 77.355
202103 71.197 110.298 82.315
202106 71.949 111.720 82.126
202109 79.695 112.905 90.012
202112 85.276 113.774 95.580
202203 89.372 117.646 96.875
202206 91.190 120.806 96.259
202209 96.311 120.648 101.798
202212 96.257 120.964 101.475
202303 92.462 122.702 96.094
202306 93.323 124.203 95.816
202309 99.463 125.230 101.283
202312 101.332 125.072 103.316
202403 101.876 126.258 102.896
202406 105.278 127.522 105.278

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


Onex  (FRA:ONE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=62.00/52.14
=1.19

* 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 Onex was 9.97. The lowest was 1.03. And the median was 4.47.


Be Aware

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


Onex Cyclically Adjusted Book per Share Related Terms

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


Onex Business Description

Industry
Traded in Other Exchanges
Address
161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S5
Onex Corporation is a private equity investor and asset management firm. The company operates in two reportable segments: investing, which comprises the activity of investing Onex' capital and asset management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the investing segment.

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