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Edison International (MEX:EIX1) Cyclically Adjusted Book per Share : MXN688.27 (As of Mar. 2024)


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What is Edison 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.

Edison International's adjusted book value per share for the three months ended in Mar. 2024 was MXN583.124. 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 MXN688.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Edison International's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.70% 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 Edison International was 10.70% per year. The lowest was -1.80% per year. And the median was 4.10% per year.

As of today (2024-06-21), Edison International's current stock price is MXN1136.62. Edison International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN688.27. Edison International's Cyclically Adjusted PB Ratio of today is 1.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Edison International was 2.45. The lowest was 1.30. And the median was 1.77.


Edison International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Edison 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.

Edison International Cyclically Adjusted Book per Share Chart

Edison International 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 674.59 707.49 803.24 910.89 689.30

Edison International 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 833.74 803.72 887.81 689.30 688.27

Competitive Comparison of Edison International's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Edison 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.


Edison International's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Edison International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Edison International 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, Edison International'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)
=583.124/131.7762*131.7762
=583.124

Current CPI (Mar. 2024) = 131.7762.

Edison International Quarterly Data

Book Value per Share CPI Adj_Book
201406 413.235 100.560 541.516
201409 442.441 100.428 580.548
201412 496.177 99.070 659.983
201503 518.256 99.621 685.536
201506 545.382 100.684 713.802
201509 601.627 100.392 789.709
201512 599.958 99.792 792.247
201603 604.372 100.470 792.690
201606 655.992 101.688 850.091
201609 701.111 101.861 907.018
201612 759.095 101.863 982.015
201703 696.441 102.862 892.207
201706 673.860 103.349 859.211
201709 691.584 104.136 875.150
201712 703.514 104.011 891.313
201803 652.183 105.290 816.247
201806 710.386 106.317 880.500
201809 694.438 106.507 859.199
201812 630.312 105.998 783.602
201903 626.693 107.251 770.003
201906 632.021 108.070 770.664
201909 724.653 108.329 881.497
201912 693.108 108.420 842.419
202003 861.279 108.902 1,042.190
202006 869.865 108.767 1,053.878
202009 802.369 109.815 962.831
202012 737.497 109.897 884.326
202103 758.794 111.754 894.739
202106 743.248 114.631 854.412
202109 736.447 115.734 838.526
202112 750.228 117.630 840.454
202203 718.969 121.301 781.057
202206 727.767 125.017 767.116
202209 706.629 125.227 743.588
202212 695.914 125.222 732.340
202303 643.920 127.348 666.312
202306 617.987 128.729 632.617
202309 621.792 129.860 630.970
202312 611.369 129.419 622.502
202403 583.124 131.776 583.124

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


Edison International  (MEX:EIX1) 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.

Edison International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1136.62/688.27
=1.65

* 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 Edison International was 2.45. The lowest was 1.30. And the median was 1.77.


Be Aware

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


Edison International Cyclically Adjusted Book per Share Related Terms

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


Edison International (MEX:EIX1) Business Description

Traded in Other Exchanges
Address
2244 Walnut Grove Avenue, P.O. Box 976, Rosemead, CA, USA, 91770
Edison International is the parent company of Southern California Edison, an electric utility that distributes electricity to 5 million customers in a 50,000-square-mile area of Southern California, excluding Los Angeles. Edison Energy owns interests in nonutility businesses that deal in energy-related products and services. In 2014, Edison International sold its wholesale power generation subsidiary Edison Mission Energy out of bankruptcy to NRG Energy.

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