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Tryg AS (FRA:T2V1) Cyclically Adjusted Book per Share : €6.64 (As of Mar. 2025)


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What is Tryg AS 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.

Tryg AS's adjusted book value per share for the three months ended in Mar. 2025 was €8.639. 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 €6.64 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tryg AS's average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.30% 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 Tryg AS was 16.40% per year. The lowest was 2.50% per year. And the median was 12.30% per year.

As of today (2025-05-25), Tryg AS's current stock price is €22.82. Tryg AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €6.64. Tryg AS's Cyclically Adjusted PB Ratio of today is 3.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tryg AS was 6.19. The lowest was 2.94. And the median was 4.47.


Tryg AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tryg AS'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.

Tryg AS Cyclically Adjusted Book per Share Chart

Tryg AS 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 3.75 4.57 5.55 6.00 6.54

Tryg AS 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 6.19 6.23 6.44 6.54 6.64

Competitive Comparison of Tryg AS's Cyclically Adjusted Book per Share

For the Insurance - Diversified subindustry, Tryg AS'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.


Tryg AS's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tryg AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Tryg AS 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, Tryg AS'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)
=8.639/120.2000*120.2000
=8.639

Current CPI (Mar. 2025) = 120.2000.

Tryg AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.839 100.300 4.601
201509 3.449 100.200 4.137
201512 3.561 99.800 4.289
201603 3.366 100.200 4.038
201606 3.694 100.600 4.414
201609 3.457 100.200 4.147
201612 3.595 100.300 4.308
201703 3.090 101.200 3.670
201706 3.345 101.200 3.973
201709 3.277 101.800 3.869
201712 4.370 101.300 5.185
201803 4.006 101.700 4.735
201806 4.044 102.300 4.752
201809 4.079 102.400 4.788
201812 3.918 102.100 4.613
201903 3.999 102.900 4.671
201906 4.097 102.900 4.786
201909 4.106 102.900 4.796
201912 4.173 102.900 4.875
202003 3.609 103.300 4.199
202006 4.100 103.200 4.775
202009 4.433 103.500 5.148
202012 4.251 103.400 4.942
202103 10.026 104.300 11.554
202106 9.891 105.000 11.323
202109 9.937 105.800 11.289
202112 10.085 106.600 11.372
202203 9.966 109.900 10.900
202206 9.600 113.600 10.158
202209 9.241 116.400 9.543
202212 9.015 115.900 9.349
202303 8.957 117.300 9.178
202306 8.597 116.400 8.878
202309 8.666 117.400 8.873
202312 8.767 116.700 9.030
202403 8.462 118.400 8.591
202406 8.613 118.500 8.737
202409 8.709 118.900 8.804
202412 8.499 118.900 8.592
202503 8.639 120.200 8.639

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


Tryg AS  (FRA:T2V1) 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.

Tryg AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.82/6.64
=3.44

* 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 Tryg AS was 6.19. The lowest was 2.94. 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.


Tryg AS Cyclically Adjusted Book per Share Related Terms

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


Tryg AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tryg AS (FRA:T2V1) » Definitions » Cyclically Adjusted Book per Share
Address
Klausdalsbrovej 601, Ballerup, DNK, 2750
Tryg AS is a diversified insurance company. The company operates in multiple segments, including private, commercial, corporate, and other. Private encompasses the sale of insurances to private individuals; Commercial encompasses the sale of insurances to small and medium sized businesses; and Corporate provides insurance products to corporate customers in Denmark, Sweden and Norway. The company generates majority of its revenue in Denmark, followed by Norway and Sweden.

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