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Ecolab (LTS:0IFA) Cyclically Adjusted Book per Share : $30.15 (As of Sep. 2024)


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What is Ecolab 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.

Ecolab's adjusted book value per share for the three months ended in Sep. 2024 was $30.187. 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 $30.15 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Ecolab's average Cyclically Adjusted Book Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.40% 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 Ecolab was 19.20% per year. The lowest was 2.40% per year. And the median was 11.30% per year.

As of today (2024-12-14), Ecolab's current stock price is $249.4455. Ecolab's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $30.15. Ecolab's Cyclically Adjusted PB Ratio of today is 8.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ecolab was 9.56. The lowest was 4.63. And the median was 7.64.


Ecolab Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ecolab'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.

Ecolab Cyclically Adjusted Book per Share Chart

Ecolab 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 23.21 24.63 27.27 29.37 29.77

Ecolab 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 30.14 29.77 30.21 30.47 30.15

Competitive Comparison of Ecolab's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Ecolab'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.


Ecolab's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Ecolab 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, Ecolab'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)
=30.187/133.0289*133.0289
=30.187

Current CPI (Sep. 2024) = 133.0289.

Ecolab Quarterly Data

Book Value per Share CPI Adj_Book
201412 24.394 99.070 32.756
201503 23.076 99.621 30.815
201506 23.083 100.684 30.498
201509 22.970 100.392 30.438
201512 23.344 99.792 31.119
201603 22.439 100.470 29.711
201606 22.636 101.688 29.613
201609 23.562 101.861 30.772
201612 23.648 101.863 30.883
201703 23.477 102.862 30.362
201706 23.912 103.349 30.779
201709 24.998 104.136 31.934
201712 26.214 104.011 33.527
201803 26.345 105.290 33.286
201806 27.170 106.317 33.996
201809 27.449 106.507 34.284
201812 27.817 105.998 34.911
201903 28.520 107.251 35.375
201906 28.585 108.070 35.187
201909 29.724 108.329 36.501
201912 30.115 108.420 36.950
202003 30.505 108.902 37.263
202006 20.517 108.767 25.094
202009 21.071 109.815 25.525
202012 21.584 109.897 26.127
202103 22.006 111.754 26.195
202106 23.451 114.631 27.215
202109 24.195 115.734 27.811
202112 25.180 117.630 28.476
202203 24.791 121.301 27.188
202206 24.890 125.017 26.485
202209 24.796 125.227 26.341
202212 25.434 125.222 27.020
202303 25.794 127.348 26.945
202306 26.512 128.729 27.398
202309 27.340 129.860 28.007
202312 28.183 129.419 28.969
202403 28.734 131.776 29.007
202406 29.126 132.554 29.230
202409 30.187 133.029 30.187

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


Ecolab  (LTS:0IFA) 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.

Ecolab's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=249.4455/30.15
=8.27

* 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 Ecolab was 9.56. The lowest was 4.63. And the median was 7.64.


Be Aware

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


Ecolab Cyclically Adjusted Book per Share Related Terms

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


Ecolab Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ecolab Inc (LTS:0IFA) » Definitions » Cyclically Adjusted Book per Share
Address
1 Ecolab Place, Saint Paul, MN, USA, 55102
Ecolab produces and markets cleaning and sanitation products for the industrial manufacturing, hospitality, healthcare, and life sciences markets. The firm is the global market share leader in this category with a wide array of products and services, including dish and laundry washing systems, pest control, and infection control products. Additionally, Ecolab sells customized water management solutions across its end markets. The company has a strong hold on the US market and is growing its presence abroad.

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