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Pitney Bowes (FRA:PBW) Cyclically Adjusted Book per Share : €0.07 (As of Mar. 2025)


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What is Pitney Bowes 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.

Pitney Bowes's adjusted book value per share for the three months ended in Mar. 2025 was €-2.716. 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 €0.07 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Pitney Bowes's average Cyclically Adjusted Book Growth Rate was -85.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -37.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -14.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -13.10% 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 Pitney Bowes was 18.00% per year. The lowest was -38.80% per year. And the median was -3.80% per year.

As of today (2025-05-25), Pitney Bowes's current stock price is €8.70. Pitney Bowes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €0.07. Pitney Bowes's Cyclically Adjusted PB Ratio of today is 124.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pitney Bowes was 143.14. The lowest was 3.58. And the median was 13.55.


Pitney Bowes Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pitney Bowes'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.

Pitney Bowes Cyclically Adjusted Book per Share Chart

Pitney Bowes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.55 0.59 0.48 0.15

Pitney Bowes Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.44 0.32 0.22 0.15 0.07

Competitive Comparison of Pitney Bowes's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, Pitney Bowes'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.


Pitney Bowes's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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


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Pitney Bowes 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, Pitney Bowes's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-2.716/134.9266*134.9266
=-2.716

Current CPI (Mar. 2025) = 134.9266.

Pitney Bowes Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.843 100.684 1.130
201509 0.640 100.392 0.860
201512 0.837 99.792 1.132
201603 0.574 100.470 0.771
201606 0.376 101.688 0.499
201609 0.624 101.861 0.827
201612 -0.532 101.863 -0.705
201703 -0.235 102.862 -0.308
201706 0.138 103.349 0.180
201709 0.451 104.136 0.584
201712 0.852 104.011 1.105
201803 0.929 105.290 1.190
201806 0.894 106.317 1.135
201809 1.148 106.507 1.454
201812 0.475 105.998 0.605
201903 0.417 107.251 0.525
201906 0.274 108.070 0.342
201909 0.136 108.329 0.169
201912 1.511 108.420 1.880
202003 0.155 108.902 0.192
202006 0.231 108.767 0.287
202009 0.391 109.815 0.480
202012 0.338 109.897 0.415
202103 0.093 111.754 0.112
202106 0.254 114.631 0.299
202109 0.237 115.734 0.276
202112 0.570 117.630 0.654
202203 0.486 121.301 0.541
202206 0.241 125.017 0.260
202209 -0.048 125.227 -0.052
202212 0.329 125.222 0.354
202303 0.319 127.348 0.338
202306 -0.396 128.729 -0.415
202309 -0.665 129.860 -0.691
202312 -1.916 129.419 -1.998
202403 -2.032 131.776 -2.081
202406 -2.219 132.554 -2.259
202409 -2.578 133.029 -2.615
202412 -3.028 133.157 -3.068
202503 -2.716 134.927 -2.716

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


Pitney Bowes  (FRA:PBW) 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.

Pitney Bowes's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.70/0.07
=124.29

* 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 Pitney Bowes was 143.14. The lowest was 3.58. And the median was 13.55.


Be Aware

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


Pitney Bowes Cyclically Adjusted Book per Share Related Terms

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


Pitney Bowes Business Description

Industry
Traded in Other Exchanges
Address
3001 Summer Street, Stamford, CT, USA, 06926
Pitney Bowes Inc is a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to clients around the globe. The company's reportable segments are SendTech Solutions and Presort Services. SendTech Solutions includes the revenue and related expenses from physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. Presort Services includes the revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail and Marketing Mail Flats/Bound Printed Matter for postal worksharing discounts. It derives maximum revenue from SendTech Solutions.