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Nordnet AB (publ) (LTS:0A6V) Cyclically Adjusted Book per Share : kr13.07 (As of Dec. 2024)


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What is Nordnet AB (publ) 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.

Nordnet AB (publ)'s adjusted book value per share for the three months ended in Dec. 2024 was kr31.719. 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 kr13.07 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Nordnet AB (publ)'s average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.30% 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 Nordnet AB (publ) was 18.70% per year. The lowest was 6.30% per year. And the median was 16.20% per year.

As of today (2025-04-26), Nordnet AB (publ)'s current stock price is kr158.20. Nordnet AB (publ)'s Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was kr13.07. Nordnet AB (publ)'s Cyclically Adjusted PB Ratio of today is 12.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nordnet AB (publ) was 16.40. The lowest was 7.90. And the median was 11.85.


Nordnet AB (publ) Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nordnet AB (publ)'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.

Nordnet AB (publ) Cyclically Adjusted Book per Share Chart

Nordnet AB (publ) Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 11.09 15.79 16.16 13.07

Nordnet AB (publ) 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 16.16 14.49 13.18 12.23 13.07

Competitive Comparison of Nordnet AB (publ)'s Cyclically Adjusted Book per Share

For the Capital Markets subindustry, Nordnet AB (publ)'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.


Nordnet AB (publ)'s Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nordnet AB (publ)'s Cyclically Adjusted PB Ratio falls into.


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Nordnet AB (publ) 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, Nordnet AB (publ)'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)
=31.719/132.9872*132.9872
=31.719

Current CPI (Dec. 2024) = 132.9872.

Nordnet AB (publ) Quarterly Data

Book Value per Share CPI Adj_Book
201503 10.585 99.950 14.084
201506 9.950 99.995 13.233
201509 10.376 100.228 13.767
201512 10.722 100.276 14.220
201603 11.207 100.751 14.793
201606 10.437 101.019 13.740
201609 10.886 101.138 14.314
201612 11.390 102.022 14.847
201703 11.873 102.022 15.477
201706 7.660 102.752 9.914
201709 7.839 103.279 10.094
201712 8.099 103.793 10.377
201803 8.101 103.962 10.363
201806 7.814 104.875 9.909
201809 7.890 105.679 9.929
201812 7.953 105.912 9.986
201903 10.461 105.886 13.138
201906 11.763 106.742 14.655
201909 0.000 107.214 0.000
201912 12.231 107.766 15.094
202003 13.172 106.563 16.438
202006 14.387 107.498 17.798
202009 15.523 107.635 19.179
202012 16.847 108.296 20.688
202103 19.588 108.360 24.040
202106 19.752 108.928 24.115
202109 21.383 110.338 25.772
202112 23.960 112.486 28.327
202203 25.622 114.825 29.675
202206 20.449 118.384 22.972
202209 21.878 122.296 23.791
202212 24.237 126.365 25.507
202303 27.857 127.042 29.161
202306 25.714 129.407 26.426
202309 28.335 130.224 28.936
202312 30.667 131.912 30.917
202403 31.547 132.205 31.734
202406 27.357 132.716 27.413
202409 29.876 132.304 30.030
202412 31.719 132.987 31.719

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


Nordnet AB (publ)  (LTS:0A6V) 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.

Nordnet AB (publ)'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=158.20/13.07
=12.10

* 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 Nordnet AB (publ) was 16.40. The lowest was 7.90. And the median was 11.85.


Be Aware

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


Nordnet AB (publ) Cyclically Adjusted Book per Share Related Terms

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


Nordnet AB (publ) Business Description

Traded in Other Exchanges
Address
Alstromergatan 39, Box 30099, Stockholm, SWE, SE-104 25
Nordnet AB (publ) is a digital platform for savings and investments in the Nordics. The company operates in Sweden, Norway, Denmark and Finland. Its purpose is to democratize savings and investments. It provides trading in a large number of equities, funds, and other types of securities from several markets at a low price, as well as pension savings without fixed fees. The firm also offers margin loans, private loans, and mortgages. There are a number of user-interfaces to choose from, such as web, app, or more advanced trading applications. Digital financial guidance tools are offered to customers who want help and inspiration with their savings. It also operates the largest social investment network in the Nordics, Shareville.

Nordnet AB (publ) Headlines

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