GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Powell Industries Inc (FRA:PW2) » Definitions » Cyclically Adjusted Book per Share

Powell Industries (FRA:PW2) Cyclically Adjusted Book per Share : €29.95 (As of Mar. 2024)


View and export this data going back to 2014. Start your Free Trial

What is Powell Industries 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.

Powell Industries's adjusted book value per share for the three months ended in Mar. 2024 was €30.221. 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 €29.95 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Powell Industries's average Cyclically Adjusted Book Growth Rate was -1.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.50% 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 Powell Industries was 11.00% per year. The lowest was 2.50% per year. And the median was 8.70% per year.

As of today (2024-05-15), Powell Industries's current stock price is €148.30. Powell Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €29.95. Powell Industries's Cyclically Adjusted PB Ratio of today is 4.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Powell Industries was 5.50. The lowest was 0.60. And the median was 1.25.


Powell Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for Powell Industries'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.

Powell Industries Cyclically Adjusted Book per Share Chart

Powell Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.65 25.48 27.14 34.22 32.69

Powell Industries 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 29.34 30.50 32.69 29.79 29.95

Competitive Comparison of Powell Industries's Cyclically Adjusted Book per Share

For the Electrical Equipment & Parts subindustry, Powell Industries'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.


Powell Industries's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Powell Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Powell Industries 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, Powell Industries'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)
=30.221/129.4194*129.4194
=30.221

Current CPI (Mar. 2024) = 129.4194.

Powell Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 22.979 100.560 29.574
201409 23.935 100.428 30.845
201412 24.489 99.070 31.991
201503 26.764 99.621 34.770
201506 26.277 100.684 33.777
201509 25.978 100.392 33.489
201512 26.273 99.792 34.073
201603 26.290 100.470 33.865
201606 26.137 101.688 33.265
201609 26.223 101.861 33.318
201612 27.418 101.863 34.835
201703 26.830 102.862 33.757
201706 25.317 103.349 31.703
201709 23.587 104.136 29.314
201712 23.095 104.011 28.737
201803 21.677 105.290 26.645
201806 22.497 106.317 27.386
201809 22.529 106.507 27.376
201812 22.315 105.998 27.246
201903 22.402 107.251 27.033
201906 22.649 108.070 27.123
201909 23.484 108.329 28.056
201912 23.411 108.420 27.945
202003 23.387 108.902 27.793
202006 23.210 108.767 27.617
202009 22.410 109.815 26.411
202012 21.675 109.897 25.525
202103 22.009 111.754 25.488
202106 21.506 114.631 24.280
202109 21.899 115.734 24.488
202112 22.237 117.630 24.466
202203 22.573 121.301 24.084
202206 23.765 125.017 24.602
202209 25.478 125.227 26.331
202212 23.808 125.222 24.606
202303 24.081 127.348 24.473
202306 25.219 128.729 25.354
202309 27.254 129.860 27.162
202312 28.087 129.419 28.087
202403 30.221 129.419 30.221

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


Powell Industries  (FRA:PW2) 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.

Powell Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=148.30/29.95
=4.95

* 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 Powell Industries was 5.50. The lowest was 0.60. And the median was 1.25.


Be Aware

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


Powell Industries Cyclically Adjusted Book per Share Related Terms

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


Powell Industries (FRA:PW2) Business Description

Traded in Other Exchanges
Address
8550 Mosley Road, Houston, TX, USA, 77075-1180
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.

Powell Industries (FRA:PW2) Headlines

No Headlines