URS (FRA:URS) Cyclically Adjusted Book per Share : €0.00 (As of Jun. 2014)

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What is URS 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.

URS's adjusted book value per share for the three months ended in Jun. 2014 was €42.181. 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 €0.00 for the trailing ten years ended in Jun. 2014.

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.

As of today (2024-06-01), URS's current stock price is €45.41. URS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2014 was €0.00. URS's Cyclically Adjusted PB Ratio of today is .

URS Cyclically Adjusted Book per Share Historical Data

The historical data trend for URS'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.

URS Cyclically Adjusted Book per Share Chart

URS Annual Data

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Cyclically Adjusted Book per Share

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URS Quarterly Data
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Competitive Comparison of URS's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, URS'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.

URS's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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

URS Cyclically Adjusted Book per Share Calculation

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, URS's adjusted Book Value per Share data for the three months ended in Jun. 2014 was:

Adj_Book	=	Book Value per Share	/	CPI of Jun. 2014 (Change)	*	Current CPI (Jun. 2014)
	=	42.181	/	100.5595	*	100.5595
	=	42.181

Current CPI (Jun. 2014) = 100.5595.

URS Quarterly Data

	Book Value per Share	CPI	Adj_Book
200407	19.143	79.910	24.090
200410	19.457	80.543	24.293
200503	18.844	81.555	23.235
200506	22.640	82.062	27.743
200509	21.341	83.876	25.586
200512	22.459	83.032	27.200
200603	22.433	84.298	26.760
200606	22.026	85.606	25.874
200609	22.358	85.606	26.264
200612	21.936	85.142	25.908
200703	22.447	86.640	26.053
200706	22.563	87.906	25.811
200709	22.585	87.964	25.819
200712	35.424	88.616	40.198
200803	27.587	90.090	30.793
200806	28.060	92.320	30.564
200809	30.557	92.307	33.289
200812	32.944	88.697	37.350
200903	34.284	89.744	38.416
200906	33.172	91.003	36.655
200909	32.459	91.120	35.822
200912	32.802	91.111	36.204
201003	35.604	91.821	38.992
201006	40.413	91.962	44.191
201009	38.426	92.162	41.927
201012	38.714	92.474	42.099
201103	36.701	94.283	39.144
201106	37.016	95.235	39.086
201109	32.989	95.727	34.654
201112	37.951	95.213	40.082
201203	35.005	96.783	36.371
201206	36.770	96.819	38.190
201209	37.501	97.633	38.625
201212	41.307	96.871	42.880
201303	41.635	98.209	42.631
201306	41.061	98.518	41.912
201309	41.737	98.790	42.485
201312	39.253	98.326	40.145
201403	38.296	99.695	38.628
201406	42.181	100.560	42.181

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

URS (FRA:URS) 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.

Be Aware

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

URS Cyclically Adjusted Book per Share Related Terms

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

URS (FRA:URS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » URS Corp (FRA:URS) » Definitions » Cyclically Adjusted Book per Share

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Website

http://www.urscorp.com

URS Corporation was originally incorporated in California on May 1, 1957 under the former name of Broadview Research Corporation. On May 18, 1976, it re-incorporated in Delaware under the name URS Corporation. After several additional name changes, it re-adopted the name 'URS Corporation' on February 21, 1990. The Company is an international provider of engineering, construction and technical services. It offers a range of program management, planning, design, engineering, construction and construction management, operations and maintenance, and decommissioning and closure services to public agencies and private sector clients around the world. It is also a U.S. federal government contractor in the areas of systems engineering and technical assistance, and operations and maintenance. The Company expertise is focused in four market sectors: power, infrastructure, federal, and industrial and commercial. Within these markets, it offers a broad range of services, including program management; planning, design and engineering; systems engineering and technical assistance; IT services; construction and construction management; operations and maintenance; and decommissioning and closure. In the power sector, the Company plans, designs, engineers, constructs, retrofits and maintains a wide range of power-generating facilities, as well as the systems that transmit and distribute electricity. Its services include planning, siting and licensing, permitting, engineering, procurement, construction and construction management, facility start-up, operations and maintenance, upgrades and modifications, and decommissioning and closure. It provides these services to utilities, industrial co-generators, independent power producers, original equipment manufacturers and government utilities. In the infrastructure sector, the Company plans, designs, engineers, constructs, retrofits and maintains a wide range of power-generating facilities, as well as the systems that transmit and distribute electricity. Its services include planning, siting and licensing, permitting, engineering, procurement, construction and construction management, facility start-up, operations and maintenance, upgrades and modifications, and decommissioning and closure. As a contractor to the U.S. federal government and national governments of other countries, it serves a wide variety of government departments and agencies, including the DOD, DHS, Department of Energy, as well as the General Services Administration, the Environmental Protection Agency, NASA and other federal agencies. The Company's services range from program management; planning, design and engineering; systems engineering and technical assistance; and IT services to construction and construction management; operations and maintenance; and decommissioning and closure. In industrial and commercial sector it provides a wide range of engineering, procurement and construction services for new industrial and commercial

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