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Trimble (FRA:TB5) Cyclically Adjusted Book per Share : €12.92 (As of Dec. 2023)


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What is Trimble 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.

Trimble's adjusted book value per share for the three months ended in Dec. 2023 was €16.741. 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 €12.92 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Trimble's average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.20% 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 Trimble was 21.20% per year. The lowest was 7.50% per year. And the median was 12.60% per year.

As of today (2024-05-01), Trimble's current stock price is €56.24. Trimble's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €12.92. Trimble's Cyclically Adjusted PB Ratio of today is 4.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Trimble was 8.85. The lowest was 2.55. And the median was 4.63.


Trimble Cyclically Adjusted Book per Share Historical Data

The historical data trend for Trimble'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.

Trimble Cyclically Adjusted Book per Share Chart

Trimble 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 8.11 7.94 10.08 11.78 12.92

Trimble Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 11.78 12.17 12.50 13.17 12.92

Competitive Comparison of Trimble's Cyclically Adjusted Book per Share

For the Scientific & Technical Instruments subindustry, Trimble'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.


Trimble's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Trimble's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Trimble 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, Trimble's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=16.741/129.4194*129.4194
=16.741

Current CPI (Dec. 2023) = 129.4194.

Trimble Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.492 99.695 8.428
201406 6.869 100.560 8.840
201409 7.022 100.428 9.049
201412 7.328 99.070 9.573
201503 8.330 99.621 10.822
201506 8.097 100.684 10.408
201509 7.849 100.392 10.119
201512 8.128 99.792 10.541
201603 8.165 100.470 10.518
201606 8.017 101.688 10.203
201609 8.262 101.861 10.497
201612 8.698 101.863 11.051
201703 8.961 102.862 11.275
201706 8.854 103.349 11.087
201709 8.518 104.136 10.586
201712 8.197 104.011 10.199
201803 8.151 105.290 10.019
201806 8.623 106.317 10.497
201809 9.039 106.507 10.984
201812 9.369 105.998 11.439
201903 9.648 107.251 11.642
201906 9.925 108.070 11.886
201909 10.158 108.329 12.136
201912 11.233 108.420 13.409
202003 11.239 108.902 13.357
202006 11.400 108.767 13.565
202009 11.368 109.815 13.397
202012 11.789 109.897 13.883
202103 12.299 111.754 14.243
202106 12.663 114.631 14.297
202109 13.146 115.734 14.700
202112 13.914 117.630 15.309
202203 14.478 121.301 15.447
202206 14.880 125.017 15.404
202209 15.747 125.227 16.274
202212 15.486 125.222 16.005
202303 16.027 127.348 16.288
202306 16.101 128.729 16.187
202309 16.356 129.860 16.301
202312 16.741 129.419 16.741

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


Trimble  (FRA:TB5) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=56.24/12.92
=4.35

* 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 Trimble was 8.85. The lowest was 2.55. And the median was 4.63.


Be Aware

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


Trimble Cyclically Adjusted Book per Share Related Terms

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


Trimble (FRA:TB5) Business Description

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10368 Westmoor Dr, Westminister, CO, USA, 80021
Trimble Inc provides location-based solutions that are used in global positioning system (GPS), laser, optical and inertial technologies. Its products portfolio includes 3D laser scanning, flow and application control systems, monitoring systems, water management, and navigation infrastructure. It also manufactures laser and optics-based products, and GPS products. The company serves various industries which include agriculture, architecture, civil engineering, survey and land administration, construction, geospatial among others. The company operates in four reportable segments namely, Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. It derives most of its revenues from the US and Europe with the rest coming from the Asia Pacific and other markets.

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