GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (OTCPK:LNVGF) » Definitions » Cyclically Adjusted Book per Share

LNVGF (Lenovo Group) Cyclically Adjusted Book per Share : $0.40 (As of Dec. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Lenovo Group 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.

Lenovo Group's adjusted book value per share for the three months ended in Dec. 2024 was $0.450. 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 $0.40 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Lenovo Group's average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 Lenovo Group was 14.00% per year. The lowest was 4.50% per year. And the median was 6.40% per year.

As of today (2025-03-29), Lenovo Group's current stock price is $1.3846. Lenovo Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $0.40. Lenovo Group's Cyclically Adjusted PB Ratio of today is 3.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lenovo Group was 7.49. The lowest was 1.49. And the median was 2.64.


Lenovo Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lenovo Group'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.

Lenovo Group Cyclically Adjusted Book per Share Chart

Lenovo Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.34 0.35 0.37 0.40

Lenovo Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.39 0.40 0.40 0.37 0.40

Competitive Comparison of Lenovo Group's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Lenovo Group'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.


Lenovo Group's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lenovo Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Lenovo Group 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, Lenovo Group's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.45/118.9447*118.9447
=0.450

Current CPI (Dec. 2024) = 118.9447.

Lenovo Group Quarterly Data

Book Value per Share CPI Adj_Book
201503 0.368 99.927 0.438
201506 0.365 99.267 0.437
201509 0.268 99.927 0.319
201512 0.260 102.015 0.303
201603 0.270 102.785 0.312
201606 0.296 101.686 0.346
201609 0.285 102.565 0.331
201612 0.270 103.225 0.311
201703 0.366 103.335 0.421
201706 0.372 103.664 0.427
201709 0.374 103.994 0.428
201712 0.362 104.984 0.410
201803 0.376 105.973 0.422
201806 0.361 106.193 0.404
201809 0.334 106.852 0.372
201812 0.348 107.622 0.385
201903 0.365 108.172 0.401
201906 0.376 109.601 0.408
201909 0.353 110.260 0.381
201912 0.369 110.700 0.396
202003 0.349 110.920 0.374
202006 0.361 110.590 0.388
202009 0.376 107.512 0.416
202012 0.323 109.711 0.350
202103 0.296 111.579 0.316
202106 0.337 111.360 0.360
202109 0.332 109.051 0.362
202112 0.372 112.349 0.394
202203 0.414 113.558 0.434
202206 0.430 113.448 0.451
202209 0.427 113.778 0.446
202212 0.439 114.548 0.456
202303 0.461 115.427 0.475
202306 0.446 115.647 0.459
202309 0.423 116.087 0.433
202312 0.452 117.296 0.458
202403 0.450 117.735 0.455
202406 0.448 117.296 0.454
202409 0.442 118.615 0.443
202412 0.450 118.945 0.450

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


Lenovo Group  (OTCPK:LNVGF) 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.

Lenovo Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.3846/0.40
=3.46

* 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 Lenovo Group was 7.49. The lowest was 1.49. And the median was 2.64.


Be Aware

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


Lenovo Group Cyclically Adjusted Book per Share Related Terms

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


Lenovo Group Business Description

Industry
Traded in Other Exchanges
Address
979 King's Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG
Lenovo is a global technology hardware company with a leading market share in personal computers. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 13% of overall sales in fiscal 2024, from 6% in 2015.