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Assa Abloy AB (MEX:0R87) Cyclically Adjusted Book per Share : MXN103.93 (As of Jun. 2024)


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What is Assa Abloy AB 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.

Assa Abloy AB's adjusted book value per share for the three months ended in Jun. 2024 was MXN157.413. 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 MXN103.93 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Assa Abloy AB's average Cyclically Adjusted Book Growth Rate was 11.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.40% 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 Assa Abloy AB was 17.00% per year. The lowest was 10.90% per year. And the median was 11.95% per year.

As of today (2024-09-24), Assa Abloy AB's current stock price is MXN480.31. Assa Abloy AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was MXN103.93. Assa Abloy AB's Cyclically Adjusted PB Ratio of today is 4.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Assa Abloy AB was 8.45. The lowest was 3.81. And the median was 6.04.


Assa Abloy AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Assa Abloy AB'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.

Assa Abloy AB Cyclically Adjusted Book per Share Chart

Assa Abloy AB 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 71.70 91.95 96.44 109.59 90.28

Assa Abloy AB Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 93.53 104.73 90.28 87.41 103.93

Competitive Comparison of Assa Abloy AB's Cyclically Adjusted Book per Share

For the Security & Protection Services subindustry, Assa Abloy AB'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.


Assa Abloy AB's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Assa Abloy AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Assa Abloy AB's Cyclically Adjusted PB Ratio falls into.



Assa Abloy AB 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, Assa Abloy AB's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=157.413/132.7160*132.7160
=157.413

Current CPI (Jun. 2024) = 132.7160.

Assa Abloy AB Quarterly Data

Book Value per Share CPI Adj_Book
201409 55.872 100.161 74.032
201412 62.829 100.225 83.197
201503 63.672 99.950 84.545
201506 65.121 99.995 86.430
201509 72.619 100.228 96.158
201512 75.771 100.276 100.284
201603 79.073 100.751 104.160
201606 85.105 101.019 111.808
201609 91.781 101.138 120.438
201612 95.193 102.022 123.833
201703 93.152 102.022 121.178
201706 86.963 102.752 112.322
201709 96.467 103.279 123.963
201712 106.702 103.793 136.436
201803 107.001 103.962 136.596
201806 97.018 104.875 122.774
201809 99.390 105.679 124.818
201812 101.574 105.912 127.281
201903 103.575 105.886 129.819
201906 98.717 106.742 122.739
201909 106.079 107.214 131.311
201912 106.462 107.766 131.110
202003 135.196 106.563 168.377
202006 131.637 107.498 162.518
202009 139.604 107.635 172.134
202012 126.060 108.296 154.486
202103 137.104 108.360 167.922
202106 136.494 108.928 166.303
202109 143.940 110.338 173.133
202112 141.376 112.486 166.802
202203 137.867 114.825 159.348
202206 141.438 118.384 158.562
202209 143.218 122.296 155.420
202212 145.470 126.365 152.781
202303 137.076 127.042 143.198
202306 134.284 129.407 137.718
202309 136.090 130.224 138.695
202312 136.505 131.912 137.337
202403 143.464 132.205 144.018
202406 157.413 132.716 157.413

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


Assa Abloy AB  (MEX:0R87) 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.

Assa Abloy AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=480.31/103.93
=4.62

* 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 Assa Abloy AB was 8.45. The lowest was 3.81. And the median was 6.04.


Be Aware

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


Assa Abloy AB Cyclically Adjusted Book per Share Related Terms

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


Assa Abloy AB Business Description

Industry
Address
Klarabergsviadukten 90, P.O. Box 70340, Stockholm, SWE, SE-107 23
Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Three quarters of its revenue comes from government, commercial, and other nonresidential customers. The company's product base is centred on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.

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