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The Mosaic Co (LTS:0K3B) Cyclically Adjusted Book per Share : $34.34 (As of Mar. 2024)


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What is The Mosaic Co 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.

The Mosaic Co's adjusted book value per share for the three months ended in Mar. 2024 was $37.396. 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 $34.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, The Mosaic Co's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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 The Mosaic Co was 19.00% per year. The lowest was -6.80% per year. And the median was 3.60% per year.

As of today (2024-05-21), The Mosaic Co's current stock price is $30.69. The Mosaic Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $34.34. The Mosaic Co's Cyclically Adjusted PB Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of The Mosaic Co was 3.67. The lowest was 0.33. And the median was 1.15.


The Mosaic Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for The Mosaic Co'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.

The Mosaic Co Cyclically Adjusted Book per Share Chart

The Mosaic Co 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 28.38 28.63 31.21 32.91 33.65

The Mosaic Co 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 33.34 34.17 34.29 33.65 34.34

Competitive Comparison of The Mosaic Co's Cyclically Adjusted Book per Share

For the Agricultural Inputs subindustry, The Mosaic Co'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.


The Mosaic Co's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

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

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



The Mosaic Co 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, The Mosaic Co'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)
=37.396/131.7762*131.7762
=37.396

Current CPI (Mar. 2024) = 131.7762.

The Mosaic Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 29.535 100.560 38.704
201409 29.331 100.428 38.487
201412 29.121 99.070 38.735
201503 27.721 99.621 36.669
201506 28.406 100.684 37.178
201509 27.275 100.392 35.802
201512 27.039 99.792 35.705
201603 28.579 100.470 37.484
201606 28.457 101.688 36.877
201609 28.087 101.861 36.336
201612 26.087 101.863 33.748
201703 27.411 102.862 35.116
201706 27.791 103.349 35.435
201709 28.811 104.136 36.458
201712 27.396 104.011 34.709
201803 27.127 105.290 33.951
201806 26.453 106.317 32.788
201809 27.088 106.507 33.515
201812 26.973 105.998 33.533
201903 27.479 107.251 33.763
201906 27.141 108.070 33.095
201909 26.577 108.329 32.329
201912 24.251 108.420 29.475
202003 22.126 108.902 26.774
202006 22.404 108.767 27.143
202009 22.509 109.815 27.010
202012 25.275 109.897 30.307
202103 25.348 111.754 29.889
202106 27.213 114.631 31.283
202109 27.475 115.734 31.283
202112 28.758 117.630 32.217
202203 32.149 121.301 34.925
202206 33.379 125.017 35.184
202209 34.017 125.227 35.796
202212 35.552 125.222 37.413
202303 35.814 127.348 37.059
202306 37.338 128.729 38.222
202309 36.701 129.860 37.243
202312 37.921 129.419 38.612
202403 37.396 131.776 37.396

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


The Mosaic Co  (LTS:0K3B) 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.

The Mosaic Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.69/34.34
=0.89

* 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 The Mosaic Co was 3.67. The lowest was 0.33. And the median was 1.15.


Be Aware

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


The Mosaic Co Cyclically Adjusted Book per Share Related Terms

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


The Mosaic Co (LTS:0K3B) Business Description

Industry
Traded in Other Exchanges
Address
101 East Kennedy Boulevard, Suite 2500, Tampa, FL, USA, 33602
Formed in 2004 by the combination of IMC Global and Cargill's fertilizer business, Mosaic is one of the largest phosphate and potash producers in the world. The company's assets include phosphate rock mines in Florida, Brazil, and Peru and potash mines in Saskatchewan, New Mexico, and Brazil. Mosaic also runs a large fertilizer distribution operation in Brazil through its Mosiac Fertilizantes business, which the company acquired from Vale in 2018.

The Mosaic Co (LTS:0K3B) Headlines

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