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Ferguson Enterprises (FRA:UH3) Cyclically Adjusted Book per Share : €24.12 (As of Jan. 2025)


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What is Ferguson Enterprises 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.

Ferguson Enterprises's adjusted book value per share for the three months ended in Jan. 2025 was €26.421. 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 €24.12 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Ferguson Enterprises's average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 Ferguson Enterprises was 13.20% per year. The lowest was 5.70% per year. And the median was 7.20% per year.

As of today (2025-05-24), Ferguson Enterprises's current stock price is €155.00. Ferguson Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was €24.12. Ferguson Enterprises's Cyclically Adjusted PB Ratio of today is 6.43.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ferguson Enterprises was 9.57. The lowest was 4.88. And the median was 7.13.


Ferguson Enterprises Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ferguson Enterprises'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.

Ferguson Enterprises Cyclically Adjusted Book per Share Chart

Ferguson Enterprises Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.41 14.98 19.41 20.55 22.22

Ferguson Enterprises Quarterly Data
Jan20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 22.09 23.07 22.22 22.96 24.12

Competitive Comparison of Ferguson Enterprises's Cyclically Adjusted Book per Share

For the Industrial Distribution subindustry, Ferguson Enterprises'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.


Ferguson Enterprises's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ferguson Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Ferguson Enterprises 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, Ferguson Enterprises's adjusted Book Value per Share data for the three months ended in Jan. 2025 was:

Adj_Book= Book Value per Share /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=26.421/134.0288*134.0288
=26.421

Current CPI (Jan. 2025) = 134.0288.

Ferguson Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
200907 16.088 90.859 23.732
201001 14.437 91.423 21.165
201007 15.037 91.981 21.911
201101 15.689 92.914 22.631
201107 15.544 95.319 21.857
201207 15.958 96.661 22.127
201301 12.918 97.158 17.820
201307 14.131 98.557 19.217
201401 13.207 98.692 17.936
201407 14.280 100.520 19.040
201501 13.032 98.604 17.714
201507 15.000 100.691 19.966
201601 14.738 99.957 19.762
201607 14.519 101.524 19.168
201701 15.167 102.456 19.841
201707 16.417 103.278 21.305
201801 15.843 104.578 20.305
201807 14.984 106.324 18.888
201901 16.204 106.200 20.450
201907 16.861 108.250 20.876
202001 16.377 108.841 20.167
202007 16.909 109.318 20.731
202010 0.000 109.861 0.000
202101 16.391 110.364 19.906
202104 0.000 112.673 0.000
202107 19.039 115.183 22.154
202110 20.059 116.696 23.038
202201 19.499 118.619 22.032
202204 19.296 121.978 21.202
202207 21.724 125.002 23.293
202210 24.977 125.734 26.625
202301 21.229 126.223 22.542
202304 21.006 127.992 21.997
202307 22.320 128.974 23.195
202310 24.910 129.810 25.720
202401 24.501 130.124 25.236
202404 25.455 132.289 25.790
202407 25.717 132.708 25.973
202410 25.868 133.182 26.032
202501 26.421 134.029 26.421

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


Ferguson Enterprises  (FRA:UH3) 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.

Ferguson Enterprises's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=155.00/24.12
=6.43

* 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 Ferguson Enterprises was 9.57. The lowest was 4.88. And the median was 7.13.


Be Aware

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


Ferguson Enterprises Cyclically Adjusted Book per Share Related Terms

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


Ferguson Enterprises Business Description

Traded in Other Exchanges
Address
751 Lakefront Commons, Newport News, VA, USA, 23606
Ferguson distributes plumbing and HVAC products to North American repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 36,000 suppliers. Ferguson engages customers through approximately 1,800 North American branches, over the phone, online, and in residential showrooms. According to Modern Distribution Management, Ferguson is the largest plumbing distributor and second-largest HVAC distributor (next to Watsco) in North America. The firm sold its UK business in 2021 and is now solely focused on the North American market.

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