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Nucor (MEX:NUE) Cyclically Adjusted Book per Share : MXN845.82 (As of Jun. 2024)


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What is Nucor 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.

Nucor's adjusted book value per share for the three months ended in Jun. 2024 was MXN1,599.647. 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 MXN845.82 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Nucor's average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.70% 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 Nucor was 15.60% per year. The lowest was 3.80% per year. And the median was 11.60% per year.

As of today (2024-09-26), Nucor's current stock price is MXN2922.30. Nucor's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was MXN845.82. Nucor's Cyclically Adjusted PB Ratio of today is 3.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nucor was 4.85. The lowest was 1.10. And the median was 2.35.


Nucor Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nucor'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.

Nucor Cyclically Adjusted Book per Share Chart

Nucor 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 523.39 565.37 669.08 760.71 763.56

Nucor 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 708.17 820.29 763.56 761.83 845.82

Competitive Comparison of Nucor's Cyclically Adjusted Book per Share

For the Steel subindustry, Nucor'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.


Nucor's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Nucor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Nucor 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, Nucor'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)
=1599.647/132.5538*132.5538
=1,599.647

Current CPI (Jun. 2024) = 132.5538.

Nucor Quarterly Data

Book Value per Share CPI Adj_Book
201409 325.585 100.428 429.737
201412 359.348 99.070 480.802
201503 363.600 99.621 483.799
201506 376.089 100.684 495.134
201509 407.578 100.392 538.153
201512 404.391 99.792 537.151
201603 402.100 100.470 530.503
201606 439.965 101.688 573.509
201609 469.128 101.861 610.486
201612 509.697 101.863 663.268
201703 480.033 102.862 618.597
201706 474.050 103.349 608.008
201709 485.522 104.136 618.019
201712 539.771 104.011 687.895
201803 512.651 105.290 645.400
201806 582.225 106.317 725.907
201809 583.443 106.507 726.129
201812 629.164 105.998 786.790
201903 643.714 107.251 795.584
201906 652.683 108.070 800.555
201909 680.326 108.329 832.459
201912 647.255 108.420 791.330
202003 791.751 108.902 963.711
202006 779.469 108.767 949.932
202009 753.789 109.815 909.873
202012 710.047 109.897 856.435
202103 781.953 111.754 927.488
202106 830.548 114.631 960.403
202109 965.692 115.734 1,106.035
202112 1,055.505 117.630 1,189.423
202203 1,137.848 121.301 1,243.403
202206 1,291.733 125.017 1,369.609
202209 1,388.478 125.227 1,469.721
202212 1,416.263 125.222 1,499.188
202303 1,364.478 127.348 1,420.258
202306 1,375.366 128.729 1,416.234
202309 1,450.096 129.860 1,480.182
202312 1,451.403 129.419 1,486.554
202403 1,432.413 131.776 1,440.866
202406 1,599.647 132.554 1,599.647

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


Nucor  (MEX:NUE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2922.30/845.82
=3.45

* 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 Nucor was 4.85. The lowest was 1.10. And the median was 2.35.


Be Aware

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


Nucor Cyclically Adjusted Book per Share Related Terms

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


Nucor Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nucor Corp (MEX:NUE) » Definitions » Cyclically Adjusted Book per Share
Address
1915 Rexford Road, Charlotte, NC, USA, 28211
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.