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Waste Connections (FRA:UI51) Cyclically Adjusted Book per Share : €25.92 (As of Mar. 2025)


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What is Waste Connections 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.

Waste Connections's adjusted book value per share for the three months ended in Mar. 2025 was €28.698. 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 €25.92 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Waste Connections's average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.70% 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 Waste Connections was 17.00% per year. The lowest was 10.20% per year. And the median was 12.90% per year.

As of today (2025-05-30), Waste Connections's current stock price is €171.30. Waste Connections's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €25.92. Waste Connections's Cyclically Adjusted PB Ratio of today is 6.61.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Waste Connections was 7.11. The lowest was 3.68. And the median was 5.90.


Waste Connections Cyclically Adjusted Book per Share Historical Data

The historical data trend for Waste Connections'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.

Waste Connections Cyclically Adjusted Book per Share Chart

Waste Connections 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 14.29 17.88 21.76 22.74 26.22

Waste Connections 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 24.09 24.51 24.02 26.22 25.92

Competitive Comparison of Waste Connections's Cyclically Adjusted Book per Share

For the Waste Management subindustry, Waste Connections'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.


Waste Connections's Cyclically Adjusted PB Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Connections's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Waste Connections 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, Waste Connections'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)
=28.698/129.1809*129.1809
=28.698

Current CPI (Mar. 2025) = 129.1809.

Waste Connections Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.912 100.500 14.026
201509 9.355 100.421 12.034
201512 9.928 99.947 12.832
201603 9.804 101.054 12.533
201606 18.816 102.002 23.830
201609 19.041 101.765 24.171
201612 20.372 101.449 25.941
201703 20.046 102.634 25.231
201706 19.597 103.029 24.571
201709 19.072 103.345 23.840
201712 20.103 103.345 25.129
201803 19.327 105.004 23.777
201806 20.610 105.557 25.223
201809 21.149 105.636 25.863
201812 21.561 105.399 26.426
201903 22.036 106.979 26.609
201906 22.502 107.690 26.992
201909 23.391 107.611 28.079
201912 23.671 107.769 28.374
202003 23.012 107.927 27.544
202006 21.936 108.401 26.141
202009 21.520 108.164 25.701
202012 21.453 108.559 25.528
202103 22.201 110.298 26.002
202106 21.877 111.720 25.296
202109 22.449 112.905 25.685
202112 23.770 113.774 26.989
202203 23.855 117.646 26.194
202206 25.259 120.806 27.010
202209 27.255 120.648 29.183
202212 26.097 120.964 27.870
202303 26.240 122.702 27.625
202306 26.715 124.203 27.786
202309 27.596 125.230 28.467
202312 27.385 125.072 28.285
202403 27.771 126.258 28.414
202406 28.750 127.522 29.124
202409 28.850 127.285 29.280
202412 29.093 127.364 29.508
202503 28.698 129.181 28.698

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


Waste Connections  (FRA:UI51) 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.

Waste Connections's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=171.30/25.92
=6.61

* 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 Waste Connections was 7.11. The lowest was 3.68. And the median was 5.90.


Be Aware

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


Waste Connections Cyclically Adjusted Book per Share Related Terms

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


Waste Connections Business Description

Industry
Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 113 active landfills (20 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 163 transfer stations, and 89 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2024, 14% of consolidated revenue was generated from the firm's Canadian segment.

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