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Honeywell International (MEX:HON) Cyclically Adjusted Book per Share : MXN589.64 (As of Sep. 2024)


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What is Honeywell 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.

Honeywell International's adjusted book value per share for the three months ended in Sep. 2024 was MXN527.076. 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 MXN589.64 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Honeywell International's average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.50% 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 Honeywell International was 9.00% per year. The lowest was 0.30% per year. And the median was 7.00% per year.

As of today (2025-01-19), Honeywell International's current stock price is MXN4662.00. Honeywell International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was MXN589.64. Honeywell International's Cyclically Adjusted PB Ratio of today is 7.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Honeywell International was 9.49. The lowest was 5.00. And the median was 6.95.


Honeywell International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Honeywell 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.

Honeywell International Cyclically Adjusted Book per Share Chart

Honeywell 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 423.68 472.77 538.38 554.42 498.01

Honeywell International 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 521.43 498.01 491.26 547.03 589.64

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

For the Conglomerates subindustry, Honeywell 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.


Honeywell International's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Honeywell 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, Honeywell International'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)
=527.076/133.0289*133.0289
=527.076

Current CPI (Sep. 2024) = 133.0289.

Honeywell International Quarterly Data

Book Value per Share CPI Adj_Book
201412 332.959 99.070 447.091
201503 342.107 99.621 456.832
201506 370.438 100.684 489.442
201509 389.402 100.392 515.997
201512 408.640 99.792 544.740
201603 411.018 100.470 544.213
201606 456.240 101.688 596.856
201609 486.885 101.861 635.864
201612 524.883 101.863 685.478
201703 501.958 102.862 649.169
201706 485.429 103.349 624.835
201709 502.021 104.136 641.311
201712 431.603 104.011 552.015
201803 427.964 105.290 540.715
201806 465.696 106.317 582.702
201809 460.592 106.507 575.288
201812 489.260 105.998 614.028
201903 500.235 107.251 620.470
201906 477.080 108.070 587.265
201909 500.337 108.329 614.416
201912 490.503 108.420 601.836
202003 589.467 108.902 720.065
202006 596.867 108.767 730.004
202009 569.019 109.815 689.305
202012 500.983 109.897 606.435
202103 529.334 111.754 630.102
202106 517.199 114.631 600.206
202109 532.910 115.734 612.545
202112 556.257 117.630 629.079
202203 537.164 121.301 589.099
202206 523.815 125.017 557.385
202209 529.770 125.227 562.778
202212 487.604 125.222 518.004
202303 458.128 127.348 478.566
202306 446.671 128.729 461.592
202309 455.282 129.860 466.394
202312 412.924 129.419 424.440
202403 419.351 131.776 423.337
202406 477.889 132.554 479.602
202409 527.076 133.029 527.076

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


Honeywell International  (MEX:HON) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4662.00/589.64
=7.91

* 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 Honeywell International was 9.49. The lowest was 5.00. And the median was 6.95.


Be Aware

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


Honeywell International Cyclically Adjusted Book per Share Related Terms

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


Honeywell International Business Description

Address
855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around 30% of its revenue from recurring aftermarket services.