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Engro Fertilizers (KAR:EFERT) Cyclically Adjusted Book per Share : ₨38.49 (As of Mar. 2024)


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What is Engro Fertilizers 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.

Engro Fertilizers's adjusted book value per share for the three months ended in Mar. 2024 was ₨35.950. 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 ₨38.49 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Engro Fertilizers's average Cyclically Adjusted Book Growth Rate was 4.10% 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.

As of today (2024-06-21), Engro Fertilizers's current stock price is ₨168.24. Engro Fertilizers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨38.49. Engro Fertilizers's Cyclically Adjusted PB Ratio of today is 4.37.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Engro Fertilizers was 4.55. The lowest was 2.04. And the median was 2.37.


Engro Fertilizers Cyclically Adjusted Book per Share Historical Data

The historical data trend for Engro Fertilizers'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.

Engro Fertilizers Cyclically Adjusted Book per Share Chart

Engro Fertilizers 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 - - - 36.50 37.57

Engro Fertilizers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 36.99 37.18 37.41 37.57 38.49

Competitive Comparison of Engro Fertilizers's Cyclically Adjusted Book per Share

For the Agricultural Inputs subindustry, Engro Fertilizers'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.


Engro Fertilizers's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Engro Fertilizers's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Engro Fertilizers 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, Engro Fertilizers's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=35.95/131.7762*131.7762
=35.950

Current CPI (Mar. 2024) = 131.7762.

Engro Fertilizers Quarterly Data

Book Value per Share CPI Adj_Book
201406 22.404 100.560 29.359
201409 24.091 100.428 31.611
201412 26.153 99.070 34.787
201503 29.238 99.621 38.675
201506 29.092 100.684 38.076
201509 29.396 100.392 38.586
201512 31.806 99.792 42.000
201603 30.404 100.470 39.878
201606 30.930 101.688 40.082
201609 31.124 101.861 40.265
201612 31.293 101.863 40.483
201703 30.242 102.862 38.743
201706 32.100 103.349 40.929
201709 31.604 104.136 39.993
201712 31.805 104.011 40.295
201803 31.764 105.290 39.755
201806 34.255 106.317 42.458
201809 34.099 106.507 42.189
201812 34.092 105.998 42.383
201903 34.109 107.251 41.909
201906 36.679 108.070 44.725
201909 34.168 108.329 41.563
201912 32.412 108.420 39.394
202003 32.839 108.902 39.737
202006 33.783 108.767 40.930
202009 35.017 109.815 42.020
202012 34.996 109.897 41.963
202103 35.296 111.754 41.620
202106 34.867 114.631 40.082
202109 34.171 115.734 38.907
202112 35.263 117.630 39.504
202203 34.390 121.301 37.360
202206 28.817 125.017 30.375
202209 31.949 125.227 33.620
202212 33.740 125.222 35.506
202303 32.039 127.348 33.153
202306 29.332 128.729 30.026
202309 33.507 129.860 34.002
202312 35.874 129.419 36.527
202403 35.950 131.776 35.950

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


Engro Fertilizers  (KAR:EFERT) 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.

Engro Fertilizers's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=168.24/38.49
=4.37

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Engro Fertilizers was 4.55. The lowest was 2.04. And the median was 2.37.


Be Aware

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


Engro Fertilizers Cyclically Adjusted Book per Share Related Terms

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


Engro Fertilizers (KAR:EFERT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Plot No HC No-3, Marine Drive, Block 4, 7th & 8th Floor, The Harbor Front Building, Scheme Number 5, Clifton, Karachi, SD, PAK, 75600
Engro Fertilizers Ltd is a Pakistan-based company mainly involved in the manufacturing, purchasing, and marketing of fertilizers, seeds, and pesticides and providing logistics services. It operates in five segments: Urea, Phosphates, Specialty Fertilizers Business, Crop Sciences division, and E-logistics. The company offers different ranges of products under brand names such as Engro Urea, Engro DAP, Engro NP, Engro Envy, Engro Zarkhez, Engro MOP, and Zingro.

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