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Multitude AG (LTS:0R4W) Cyclically Adjusted Book per Share : €7.13 (As of Sep. 2024)


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What is Multitude 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.

Multitude AG's adjusted book value per share for the three months ended in Sep. 2024 was €8.590. 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 €7.13 for the trailing ten years ended in Sep. 2024.

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.

As of today (2025-05-13), Multitude AG's current stock price is €6.13. Multitude AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €7.13. Multitude AG's Cyclically Adjusted PB Ratio of today is 0.86.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Multitude AG was 0.99. The lowest was 0.65. And the median was 0.78.


Multitude AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Multitude 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.

Multitude AG Cyclically Adjusted Book per Share Chart

Multitude AG 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 - - - - 5.91

Multitude AG 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 - 5.91 6.11 6.23 7.13

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

For the Credit Services subindustry, Multitude 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.


Multitude AG's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Multitude AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Multitude 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, Multitude AG'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)
=8.59/122.2600*122.2600
=8.590

Current CPI (Sep. 2024) = 122.2600.

Multitude AG Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.994 100.229 1.212
201503 3.223 100.120 3.936
201506 3.276 100.030 4.004
201509 3.460 100.130 4.225
201512 3.598 99.990 4.399
201603 3.730 100.080 4.557
201606 3.760 100.390 4.579
201609 3.858 100.540 4.691
201612 4.072 101.020 4.928
201703 4.331 100.910 5.247
201706 4.434 101.140 5.360
201709 4.659 101.320 5.622
201712 4.877 101.510 5.874
201803 4.818 101.730 5.790
201806 4.776 102.320 5.707
201809 5.002 102.600 5.960
201812 4.825 102.710 5.743
201903 5.188 102.870 6.166
201906 5.281 103.360 6.247
201909 5.612 103.540 6.627
201912 5.804 103.650 6.846
202003 5.483 103.490 6.477
202006 5.811 103.320 6.876
202009 5.917 103.710 6.975
202012 6.016 103.890 7.080
202103 5.787 104.870 6.747
202106 5.920 105.360 6.870
202109 8.164 106.290 9.391
202112 8.019 107.490 9.121
202203 7.901 110.950 8.706
202206 7.858 113.570 8.459
202209 8.009 114.920 8.521
202212 8.340 117.320 8.691
202303 8.499 119.750 8.677
202306 8.411 120.690 8.520
202309 8.528 121.280 8.597
202312 8.495 121.540 8.545
202403 8.568 122.360 8.561
202406 8.519 122.230 8.521
202409 8.590 122.260 8.590

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


Multitude AG  (LTS:0R4W) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6.13/7.13
=0.86

* 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 10 years, the highest Cyclically Adjusted PB Ratio of Multitude AG was 0.99. The lowest was 0.65. And the median was 0.78.


Be Aware

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


Multitude AG Cyclically Adjusted Book per Share Related Terms

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


Multitude AG Business Description

Industry
Traded in Other Exchanges
Address
Ratamestarinkatu 11 A, Helsinki, FIN, 00520
Multitude AG, formerly Multitude SE is a European FinTech company that offers digital financial and banking services to both individuals and small and medium-sized businesses. The company's operations are divided into three business units: consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking (Multitude Bank). These units are supported by an internal Banking-as-a-Service platform. The company operates in nearly 16 different countries.

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