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Ferguson Enterprises (LSE:FERG) Cyclically Adjusted Book per Share : £18.95 (As of Apr. 2025)


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What is Ferguson Enterprises 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.

Ferguson Enterprises's adjusted book value per share for the three months ended in Apr. 2025 was £21.204. 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 £18.95 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Ferguson Enterprises's average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.80% 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 Ferguson Enterprises was 13.20% per year. The lowest was 5.70% per year. And the median was 7.20% per year.

As of today (2025-07-13), Ferguson Enterprises's current stock price is £164.00. Ferguson Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was £18.95. Ferguson Enterprises's Cyclically Adjusted PB Ratio of today is 8.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ferguson Enterprises was 9.57. The lowest was 4.88. And the median was 7.14.


Ferguson Enterprises Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ferguson Enterprises'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.

Ferguson Enterprises Cyclically Adjusted Book per Share Chart

Ferguson Enterprises Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.08 13.03 17.22 17.84 19.23

Ferguson Enterprises Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 19.79 19.23 19.65 20.42 18.95

Competitive Comparison of Ferguson Enterprises's Cyclically Adjusted Book per Share

For the Industrial Distribution subindustry, Ferguson Enterprises'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.


Ferguson Enterprises's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ferguson Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Ferguson Enterprises 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, Ferguson Enterprises's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=21.204/135.3468*135.3468
=21.204

Current CPI (Apr. 2025) = 135.3468.

Ferguson Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
201001 12.748 91.423 18.873
201007 12.573 91.981 18.501
201101 13.298 92.914 19.371
201107 13.726 95.319 19.490
201207 12.567 96.661 17.597
201301 10.753 97.158 14.980
201307 12.189 98.557 16.739
201401 10.922 98.692 14.979
201407 11.324 100.520 15.247
201501 9.990 98.604 13.713
201507 10.610 100.691 14.262
201601 11.122 99.957 15.060
201607 12.209 101.524 16.277
201701 13.053 102.456 17.243
201707 14.561 103.278 19.082
201801 13.969 104.578 18.079
201807 13.303 106.324 16.934
201901 14.336 106.200 18.271
201907 15.178 108.250 18.977
202001 13.905 108.841 17.291
202007 15.296 109.318 18.938
202010 0.000 109.861 0.000
202101 14.634 110.364 17.947
202104 0.000 112.673 0.000
202107 16.293 115.183 19.145
202110 16.987 116.696 19.702
202201 16.278 118.619 18.573
202204 16.108 121.978 17.873
202207 18.431 125.002 19.956
202210 21.704 125.734 23.363
202301 18.689 126.223 20.040
202304 18.496 127.992 19.559
202307 19.160 128.974 20.107
202310 21.596 129.810 22.517
202401 21.004 130.124 21.847
202404 21.823 132.289 22.327
202407 21.673 132.708 22.104
202410 21.613 133.182 21.964
202501 22.127 134.029 22.345
202504 21.204 135.347 21.204

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


Ferguson Enterprises  (LSE:FERG) 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.

Ferguson Enterprises's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=164.00/18.95
=8.65

* 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 Ferguson Enterprises was 9.57. The lowest was 4.88. And the median was 7.14.


Be Aware

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


Ferguson Enterprises Cyclically Adjusted Book per Share Related Terms

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


Ferguson Enterprises Business Description

Traded in Other Exchanges
Address
751 Lakefront Commons, Newport News, VA, USA, 23606
Ferguson distributes plumbing and HVAC products to North American repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 36,000 suppliers. Ferguson engages customers through approximately 1,800 North American branches, over the phone, online, and in residential showrooms. According to Modern Distribution Management, Ferguson is the largest plumbing distributor and second-largest HVAC distributor (next to Watsco) in North America. The firm sold its UK business in 2021 and is now solely focused on the North American market.