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FSNUF (Fresenius SE KGaA) Cyclically Adjusted Book per Share : $35.87 (As of Sep. 2024)


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What is Fresenius SE KGaA 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.

Fresenius SE KGaA's adjusted book value per share for the three months ended in Sep. 2024 was $37.099. 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 $35.87 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Fresenius SE KGaA's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.30% 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 Fresenius SE KGaA was 13.50% per year. The lowest was 11.00% per year. And the median was 13.40% per year.

As of today (2025-03-29), Fresenius SE KGaA's current stock price is $41.01. Fresenius SE KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $35.87. Fresenius SE KGaA's Cyclically Adjusted PB Ratio of today is 1.14.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fresenius SE KGaA was 4.39. The lowest was 0.72. And the median was 1.63.


Fresenius SE KGaA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fresenius SE KGaA'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.

Fresenius SE KGaA Cyclically Adjusted Book per Share Chart

Fresenius SE KGaA 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 21.75 24.99 27.19 29.22 34.13

Fresenius SE KGaA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 33.64 34.13 35.64 36.24 35.87

Competitive Comparison of Fresenius SE KGaA's Cyclically Adjusted Book per Share

For the Medical Care Facilities subindustry, Fresenius SE KGaA'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.


Fresenius SE KGaA's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius SE KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Fresenius SE KGaA 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, Fresenius SE KGaA's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=37.099/126.1978*126.1978
=37.099

Current CPI (Sep. 2024) = 126.1978.

Fresenius SE KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201412 21.216 99.543 26.897
201503 20.472 99.717 25.909
201506 20.951 100.417 26.330
201509 21.345 100.417 26.825
201512 21.787 99.717 27.573
201603 22.481 100.017 28.366
201606 23.222 100.717 29.097
201609 24.057 101.017 30.054
201612 24.368 101.217 30.382
201703 26.086 101.417 32.460
201706 26.457 102.117 32.696
201709 28.365 102.717 34.849
201712 29.091 102.617 35.776
201803 30.806 102.917 37.775
201806 30.182 104.017 36.618
201809 31.032 104.718 37.397
201812 31.463 104.217 38.099
201903 32.442 104.217 39.284
201906 32.165 105.718 38.396
201909 32.888 106.018 39.148
201912 33.385 105.818 39.815
202003 33.992 105.718 40.577
202006 35.601 106.618 42.139
202009 36.012 105.818 42.948
202012 37.295 105.518 44.604
202103 37.952 107.518 44.546
202106 38.142 108.486 44.369
202109 38.483 109.435 44.378
202112 38.366 110.384 43.863
202203 39.110 113.968 43.307
202206 38.782 115.760 42.279
202209 37.587 118.818 39.922
202212 38.396 119.345 40.601
202303 39.030 122.402 40.240
202306 38.637 123.140 39.596
202309 37.961 124.195 38.573
202312 36.785 123.773 37.506
202403 37.522 125.038 37.870
202406 36.377 125.882 36.468
202409 37.099 126.198 37.099

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


Fresenius SE KGaA  (OTCPK:FSNUF) 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.

Fresenius SE KGaA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.01/35.87
=1.14

* 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 Fresenius SE KGaA was 4.39. The lowest was 0.72. And the median was 1.63.


Be Aware

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


Fresenius SE KGaA Cyclically Adjusted Book per Share Related Terms

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


Fresenius SE KGaA Business Description

Address
Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius SE is a healthcare holding company based in Germany. The company owns a minority stake in dialysis service provider and equipment manufacturer Fresenius Medical Care. The Kabi segment manufactures intravenous drugs, nutrition products, infusion and transfusion therapies, and related pumps. The Helios segment operates private hospitals primarily in Germany and Spain.