/term/cyclically-adjusted-book/LTS:0RES Scandinavian Tobacco Group A/S (LTS:0RES) Cyclically Adjust
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Scandinavian Tobacco Group A/S (LTS:0RES) Cyclically Adjusted Book per Share : kr105.11 (As of Mar. 2024)


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What is Scandinavian Tobacco Group A/S 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.

Scandinavian Tobacco Group A/S's adjusted book value per share for the three months ended in Mar. 2024 was kr112.582. 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 kr105.11 for the trailing ten years ended in Mar. 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 (2024-06-20), Scandinavian Tobacco Group A/S's current stock price is kr96.80. Scandinavian Tobacco Group A/S's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr105.11. Scandinavian Tobacco Group A/S's Cyclically Adjusted PB Ratio of today is 0.92.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Scandinavian Tobacco Group A/S was 1.25. The lowest was 0.92. And the median was 1.15.


Scandinavian Tobacco Group A/S Cyclically Adjusted Book per Share Historical Data

The historical data trend for Scandinavian Tobacco Group A/S'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.

Scandinavian Tobacco Group A/S Cyclically Adjusted Book per Share Chart

Scandinavian Tobacco Group A/S 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 - - - - 102.15

Scandinavian Tobacco Group A/S 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 - - - 102.15 105.11

Competitive Comparison of Scandinavian Tobacco Group A/S's Cyclically Adjusted Book per Share

For the Tobacco subindustry, Scandinavian Tobacco Group A/S'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.


Scandinavian Tobacco Group A/S's Cyclically Adjusted PB Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Scandinavian Tobacco Group A/S's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Scandinavian Tobacco Group A/S's Cyclically Adjusted PB Ratio falls into.



Scandinavian Tobacco Group A/S 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, Scandinavian Tobacco Group A/S'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)
=112.582/118.4000*118.4000
=112.582

Current CPI (Mar. 2024) = 118.4000.

Scandinavian Tobacco Group A/S Quarterly Data

Book Value per Share CPI Adj_Book
201312 83.328 99.000 99.657
201409 0.000 99.700 0.000
201412 90.870 99.400 108.240
201503 0.000 100.200 0.000
201506 0.000 100.300 0.000
201509 86.887 100.200 102.669
201512 89.979 99.800 106.749
201603 88.816 100.200 104.948
201606 86.600 100.600 101.923
201609 88.252 100.200 104.282
201612 93.113 100.300 109.916
201703 93.350 101.200 109.216
201706 85.891 101.200 100.489
201709 86.448 101.800 100.545
201712 84.793 101.300 99.107
201803 84.227 101.700 98.058
201806 83.800 102.300 96.988
201809 86.594 102.400 100.124
201812 88.507 102.100 102.637
201903 90.665 102.900 104.322
201906 85.789 102.900 98.712
201909 90.256 102.900 103.851
201912 91.316 102.900 105.071
202003 85.721 103.300 98.251
202006 86.979 103.200 99.790
202009 87.329 103.500 99.901
202012 85.715 103.400 98.149
202103 90.083 104.300 102.261
202106 87.258 105.000 98.394
202109 92.266 105.800 103.254
202112 96.455 106.600 107.132
202203 0.000 109.900 0.000
202206 99.615 113.600 103.824
202209 107.737 116.400 109.588
202212 107.068 115.900 109.377
202303 108.516 117.300 109.534
202306 103.839 116.400 105.623
202309 109.806 117.400 110.741
202312 109.832 116.700 111.432
202403 112.582 118.400 112.582

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


Scandinavian Tobacco Group A/S  (LTS:0RES) 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.

Scandinavian Tobacco Group A/S's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=96.80/105.11
=0.92

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Scandinavian Tobacco Group A/S was 1.25. The lowest was 0.92. 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.


Scandinavian Tobacco Group A/S Cyclically Adjusted Book per Share Related Terms

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


Scandinavian Tobacco Group A/S (LTS:0RES) Business Description

Traded in Other Exchanges
Address
Sandtoften 9, Gentofte, DNK, 2820
Scandinavian Tobacco Group offers cigars, pipe tobacco, and accessories in North America, Europe, and Australia. It operates in three segments: North America online and retail, which primarily sells handmade cigars and accessories in stores and online; North America branded and the Rest of the World, which provides its products to wholesalers and distributors; Europe Branded comprises sale of all product categories to wholesalers, distributors and direct to retail in Germany, Denmark, Sweden, France, Italy, Belgium, the Netherlands, Luxembourg, Spain, Portugal, the UK, and Ireland. The largest portion of the firm's revenue comes from the Europe branded segment.

Scandinavian Tobacco Group A/S (LTS:0RES) Headlines

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