Lexmark International (Lexmark International) Cyclically Adjusted Book per Share : $0.00 (As of Sep. 2016)

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What is Lexmark International 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.

Lexmark International's adjusted book value per share for the three months ended in Sep. 2016 was $15.979. 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 $0.00 for the trailing ten years ended in Sep. 2016.

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 (2024-05-05), Lexmark International's current stock price is $40.49. Lexmark International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2016 was $0.00. Lexmark International's Cyclically Adjusted PB Ratio of today is .

Lexmark International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lexmark International'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.

Lexmark International Cyclically Adjusted Book per Share Chart

Lexmark International Annual Data

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Cyclically Adjusted Book per Share

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Lexmark International Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
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Competitive Comparison of Lexmark International's Cyclically Adjusted Book per Share

For the Computer Hardware subindustry, Lexmark International'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.

Lexmark International's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lexmark International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Lexmark International Cyclically Adjusted Book per Share Calculation

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, Lexmark International's adjusted Book Value per Share data for the three months ended in Sep. 2016 was:

Adj_Book	=	Book Value per Share	/	CPI of Sep. 2016 (Change)	*	Current CPI (Sep. 2016)
	=	15.979	/	101.8610	*	101.8610
	=	15.979

Current CPI (Sep. 2016) = 101.8610.

Lexmark International Quarterly Data

	Book Value per Share	CPI	Adj_Book
200612	10.672	85.142	12.768
200703	10.545	86.640	12.398
200706	11.393	87.906	13.202
200709	12.114	87.964	14.028
200712	13.462	88.616	15.474
200803	14.752	90.090	16.680
200806	14.802	92.320	16.332
200809	13.455	92.307	14.848
200812	10.442	88.697	11.992
200903	11.012	89.744	12.499
200906	11.693	91.003	13.088
200909	12.091	91.120	13.516
200912	12.978	91.111	14.509
201003	14.121	91.821	15.665
201006	15.023	91.962	16.640
201009	16.510	92.162	18.248
201012	17.739	92.474	19.540
201103	18.994	94.283	20.521
201106	20.532	95.235	21.961
201109	20.227	95.727	21.523
201112	19.492	95.213	20.853
201203	20.361	96.783	21.429
201206	20.320	96.819	21.378
201209	20.012	97.633	20.879
201212	20.050	96.871	21.083
201303	20.116	98.209	20.864
201306	20.822	98.518	21.529
201309	20.843	98.790	21.491
201312	22.069	98.326	22.862
201403	22.059	99.695	22.538
201406	22.355	100.560	22.644
201409	21.880	100.428	22.192
201412	20.608	99.070	21.189
201503	20.241	99.621	20.696
201506	19.359	100.684	19.585
201509	18.668	100.392	18.941
201512	18.061	99.792	18.435
201603	17.077	100.470	17.313
201606	16.048	101.688	16.075
201609	15.979	101.861	15.979

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

Lexmark International (NYSE:LXK) 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.

Be Aware

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

Lexmark International Cyclically Adjusted Book per Share Related Terms

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

Lexmark International (Lexmark International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lexmark International Inc (NYSE:LXK) » Definitions » Cyclically Adjusted Book per Share

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Address

Website

http://www.lexmark.com

Lexmark International Inc is a Delaware corporation, formed in July 1990. On November 15, 1995, it completed its initial public offering of Class A Common Stock. The Company is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow and, more recently, business process and content management solutions. The Company operates in the office printing and imaging, enterprise content management (ECM), business process management (BPM), document output management (DOM), intelligent data capture and search software markets. Its products include laser printers and multifunction devices, dot matrix printers and the associated supplies/solutions/services, as well as ECM, BPM, DOM, intelligent data capture, search and web-based document imaging and workflow software solutions and services. It develops and ownsof the technology for its printing and imaging products and its software related to MPS and content and process management solutions. The Company is managed along two segments: Imaging Solutions and Services (ISS) and Perceptive Software. ISS offers a portfolio of monochrome and color laser printers and laser MFPs, as well as supplies, software applications, software solutions and MPS to help businesses efficiently capture, manage and access information. ISS laser products are core building blocks for enabling information on demand. They are designed to enable intelligent document capture in addition to delivering high-quality printed output on a variety of media types and sizes. When combined with document management and business process workflow software, from Perceptive Software, these products accelerate productivity by connecting people with the information they need. Its products include Monochrome Laser, Color Laser, Inkjet MFPs and AIOs, Dot Matrix Products, and MPS and Customer Support Services. Its competitors in this segment include Hewlett-Packard, Canon, Ricoh, Xerox, Brother, Konica Minolta, Kyocera, Okidata and Samsung. ISS operates manufacturing control centers in Lexington, Kentucky; Shenzhen, China; and Geneva, Switzerland; and has company-owned manufacturing sites in Boulder, Colorado and Juarez, Mexico. The Perceptive Software sgment offers a complete suite of ECM, BPM, DOM, intelligent data capture, search software and medical imaging VNA software products and solutions. Perceptive Software capture, content, search and BPM software products and solutions, enable users to capture, manage, and collaborate on important documents, information, and business processes, protect data integrity throughout its lifecycle and access precise content in the context of the users everyday business processes. These components are developed and maintained by Perceptive Software. Its solutions are Designed from Perceptive Softwares software platform, including the capture, content, process and search suites, Perceptive Software offers industry specific solutions of

Executives

Stephen R Hardis	director	C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Michael J Maples	director	2208 WINDSOR ROAD, AUSTIN TX 78703
Reynolds Bish	officer: Vice President	C/O IOMEGA CORPORATION, 10955 VISTA SORRENTO PARKWAY, SAN DIEGO CA 92130
Jeri L Isbell	officer: VP of Human Resources	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Paul A Rooke	director, officer: Chairman and CEO	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
William R Fields	director	740 WEST NEW CIRCLE ROAD, LEXINGTON KY 40550
Kathi P Seifert	director	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Jared L Cohon	director
Robert Jr Holland	director	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Webster Roy Dunbar	director	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Sandra L Helton	director	711 HIGH STREET, DES MOINES IA 50392-0300
J Edward Coleman	director	UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Montupet Jean Paul L	director	PARTNERRE LTD, WELLESLEY HOUSE 90 PITTS BAY RD, PEMBROKE BERMUDA D0 HM 08
Gamble John W Jr	officer: EVP & CFO	ONE LEXMARK CENTRE DR, 740 WEST NEW CIRCLE RD, LEXINGTON KY 40550
Teresa Beck	director	1681 SOUTH MOHAWK WAY, SALT LAKE CITY UT 84108