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thyssenkrupp AG (LTS:0O1C) Cyclically Adjusted Book per Share : €11.98 (As of Mar. 2025)


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What is thyssenkrupp AG 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.

thyssenkrupp AG's adjusted book value per share for the three months ended in Mar. 2025 was €15.758. 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 €11.98 for the trailing ten years ended in Mar. 2025.

During the past 12 months, thyssenkrupp AG's average Cyclically Adjusted Book Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 thyssenkrupp AG was 16.10% per year. The lowest was -12.80% per year. And the median was -6.75% per year.

As of today (2025-05-28), thyssenkrupp AG's current stock price is €9.335. thyssenkrupp AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €11.98. thyssenkrupp AG's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of thyssenkrupp AG was 2.40. The lowest was 0.27. And the median was 1.22.


thyssenkrupp AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for thyssenkrupp AG'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.

thyssenkrupp AG Cyclically Adjusted Book per Share Chart

thyssenkrupp AG Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.53 7.20 8.25 10.17 11.40

thyssenkrupp AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 10.75 11.10 11.40 11.72 11.98

Competitive Comparison of thyssenkrupp AG's Cyclically Adjusted Book per Share

For the Conglomerates subindustry, thyssenkrupp AG'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.


thyssenkrupp AG's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, thyssenkrupp AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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thyssenkrupp AG 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, thyssenkrupp AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=15.758/127.7792*127.7792
=15.758

Current CPI (Mar. 2025) = 127.7792.

thyssenkrupp AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 5.958 100.417 7.581
201509 5.623 100.417 7.155
201512 5.826 99.717 7.466
201603 4.766 100.017 6.089
201606 3.924 100.717 4.978
201609 3.714 101.017 4.698
201612 4.868 101.217 6.146
201703 3.161 101.417 3.983
201706 3.083 102.117 3.858
201709 4.641 102.717 5.773
201712 4.443 102.617 5.532
201803 4.578 102.917 5.684
201806 4.599 104.017 5.650
201809 4.392 104.718 5.359
201812 4.723 104.217 5.791
201903 4.173 104.217 5.116
201906 3.238 105.718 3.914
201909 2.813 106.018 3.390
201912 2.363 105.818 2.853
202003 1.210 105.718 1.463
202006 -0.667 106.618 -0.799
202009 15.758 105.818 19.028
202012 15.307 105.518 18.536
202103 16.025 107.518 19.045
202106 16.590 108.486 19.540
202109 16.706 109.435 19.506
202112 17.615 110.384 20.391
202203 19.708 113.968 22.096
202206 21.835 115.760 24.102
202209 22.813 118.818 24.534
202212 22.421 119.345 24.006
202303 21.655 122.402 22.606
202306 21.575 123.140 22.388
202309 19.016 124.195 19.565
202312 17.313 123.773 17.873
202403 17.300 125.038 17.679
202406 17.517 125.882 17.781
202409 15.394 126.198 15.587
202412 15.445 127.041 15.535
202503 15.758 127.779 15.758

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


thyssenkrupp AG  (LTS:0O1C) 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.

thyssenkrupp AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.335/11.98
=0.78

* 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 thyssenkrupp AG was 2.40. The lowest was 0.27. And the median was 1.22.


Be Aware

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


thyssenkrupp AG Cyclically Adjusted Book per Share Related Terms

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


thyssenkrupp AG Business Description

Industry
Address
ThyssenKrupp Allee 1, Essen, NW, DEU, 45143
thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automative Technology, Steel Europe, Marine System. Automotive Technology is one of the German supplier and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius and the majority investment thyssenkrupp nucera. Material Services includes distribution of mill-independent materials distributors and service. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. Revenue from Materials Services.

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