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Jabil (JBL) Cyclically Adjusted Book per Share : $16.70 (As of Feb. 2024)


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What is Jabil 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.

Jabil's adjusted book value per share for the three months ended in Feb. 2024 was $21.708. 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 $16.70 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Jabil's average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.60% 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 Jabil was 33.60% per year. The lowest was 0.50% per year. And the median was 5.40% per year.

As of today (2024-05-25), Jabil's current stock price is $119.60. Jabil's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $16.70. Jabil's Cyclically Adjusted PB Ratio of today is 7.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jabil was 9.06. The lowest was 1.47. And the median was 2.50.


Jabil Cyclically Adjusted Book per Share Historical Data

The historical data trend for Jabil'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.

Jabil Cyclically Adjusted Book per Share Chart

Jabil Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.02 12.50 13.48 15.05 16.24

Jabil Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 15.58 15.92 16.24 16.35 16.70

Competitive Comparison of Jabil's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Jabil'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.


Jabil's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Jabil 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, Jabil's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=21.708/130.9299*130.9299
=21.708

Current CPI (Feb. 2024) = 130.9299.

Jabil Quarterly Data

Book Value per Share CPI Adj_Book
201405 12.057 100.373 15.728
201408 11.549 100.352 15.068
201411 11.568 99.635 15.202
201502 11.585 99.032 15.317
201505 11.926 100.333 15.563
201508 12.052 100.548 15.694
201511 12.504 100.135 16.349
201602 12.903 100.040 16.887
201605 13.034 101.355 16.837
201608 13.038 101.617 16.799
201611 12.965 101.829 16.670
201702 13.224 102.779 16.846
201705 12.969 103.256 16.445
201708 13.242 103.587 16.737
201711 13.214 104.072 16.624
201802 13.263 105.052 16.530
201805 12.874 106.148 15.880
201808 11.849 106.383 14.583
201811 11.975 106.338 14.744
201902 12.083 106.649 14.834
201905 12.130 108.048 14.699
201908 12.294 108.245 14.871
201911 12.053 108.519 14.542
202002 11.537 109.139 13.840
202005 10.841 108.175 13.121
202008 12.047 109.662 14.383
202011 13.154 109.793 15.686
202102 13.987 110.968 16.503
202105 14.560 113.576 16.785
202108 14.782 115.421 16.768
202111 15.302 117.269 17.085
202202 16.412 119.703 17.951
202205 16.968 123.323 18.015
202208 18.089 124.958 18.954
202211 18.841 125.607 19.639
202302 20.062 126.928 20.695
202305 20.830 128.314 21.255
202308 21.829 129.538 22.064
202311 19.705 129.548 19.915
202402 21.708 130.930 21.708

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


Jabil  (NYSE:JBL) 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.

Jabil's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=119.60/16.7
=7.16

* 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 Jabil was 9.06. The lowest was 1.47. And the median was 2.50.


Be Aware

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


Jabil Cyclically Adjusted Book per Share Related Terms

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


Jabil (JBL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jabil Inc (NYSE:JBL) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
10800 Roosevelt Boulevard North, Saint Petersburg, FL, USA, 33716
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
Executives
Roberto Ferri officer: SVP, Global Sales 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Gerald Creadon officer: SVP, Operations 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Steven D Borges officer: EVP, CEO, Healthcare 10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
Kenneth S Wilson officer: EVP, CEO, Green Point C/O JABIL INC., 10560 MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
Francis Mckay officer: SVP, Chief Procurement Officer 10800 ROOSEVELT BLVD., ST. PETERSBURG FL 33716
Daryn G. Smith officer: SVP, Controller 10560 DR. MARTIN LUTHER KING JR., ST N, ST. PETERSBURG FL 33617
Thomas A Samsone director JABIL CIRCUIT INC, 10560 DR. MARTIN LUTHER KING JR. ST N, ST PETERSBURG FL 33716-3718
Kristine Melachrino officer: SVP, General Counsel 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Michael Dastoor officer: Controller C/O JABIL CIRCUIT, INC., 10560 DR. MARTIN LUTHER KING, JR. ST. N., ST. PETERSBURG FL 33716-3718
Mark T Mondello officer: Chief Operating Officer 10560 DR. MARTIN LUTHER KING JR. ST N, ST PETERSBURG FL 33716-3718
May Yee Yap officer: SVP, Chief Information Officer 10800 ROOSEVELT BLVD. N., ST PETERSBURG FL 33716
Steven A Raymund director C/O TECH DATA CORP, 5350 TECH DATA DRIVE, CLEARWATER FL 33760
Frederic E. Mccoy officer: SVP, Global Business Units 10800 ROOSEVELT BLVD. N., ST. PETERSBURG FL 33716
Christopher S Holland director ARAMARK CORP, 1101 MARKET ST 29TH FLOOR, PHILADELPHIA PA 19107
Anousheh Ansari director 10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG, FL FL 33716

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