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Puma SE (MEX:PUM) Cyclically Adjusted Book per Share : MXN269.32 (As of Mar. 2024)


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What is Puma SE 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.

Puma SE's adjusted book value per share for the three months ended in Mar. 2024 was MXN329.415. 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 MXN269.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Puma SE's average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.80% 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 Puma SE was 8.20% per year. The lowest was 3.60% per year. And the median was 6.20% per year.

As of today (2024-06-23), Puma SE's current stock price is MXN759.00. Puma SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN269.32. Puma SE's Cyclically Adjusted PB Ratio of today is 2.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Puma SE was 9.42. The lowest was 2.61. And the median was 4.43.


Puma SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Puma SE'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.

Puma SE Cyclically Adjusted Book per Share Chart

Puma SE 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 212.51 158.64 284.44 236.22 309.65

Puma SE 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 242.93 253.61 264.77 309.65 269.32

Competitive Comparison of Puma SE's Cyclically Adjusted Book per Share

For the Footwear & Accessories subindustry, Puma SE'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.


Puma SE's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Puma SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Puma SE 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, Puma SE'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)
=329.415/125.0381*125.0381
=329.415

Current CPI (Mar. 2024) = 125.0381.

Puma SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 177.621 99.543 223.114
201409 185.202 99.823 231.985
201412 194.195 99.543 243.933
201503 190.578 99.717 238.972
201506 193.377 100.417 240.792
201509 206.435 100.417 257.051
201512 202.017 99.717 253.316
201603 201.279 100.017 251.633
201606 221.911 100.717 275.499
201609 236.910 101.017 293.246
201612 248.472 101.217 306.949
201703 233.206 101.417 287.522
201706 221.632 102.117 271.379
201709 238.386 102.717 290.189
201712 252.769 102.617 307.997
201803 249.713 102.917 303.386
201806 245.348 104.017 294.930
201809 249.260 104.718 297.629
201812 254.477 104.217 305.317
201903 263.422 104.217 316.049
201906 256.209 105.718 303.033
201909 283.232 106.018 334.046
201912 262.540 105.818 310.227
202003 331.031 105.718 391.529
202006 308.592 106.618 361.907
202009 308.996 105.818 365.121
202012 278.648 105.518 330.197
202103 318.628 107.518 370.549
202106 314.860 108.486 362.900
202109 352.415 109.435 402.663
202112 342.924 110.384 388.451
202203 356.234 113.968 390.836
202206 355.935 115.760 384.462
202209 374.904 118.818 394.531
202212 340.860 119.345 357.120
202303 327.382 122.402 334.432
202306 309.653 123.140 314.425
202309 332.560 124.195 334.819
202312 315.426 123.773 318.650
202403 329.415 125.038 329.415

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


Puma SE  (MEX:PUM) 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.

Puma SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=759.00/269.32
=2.82

* 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 Puma SE was 9.42. The lowest was 2.61. And the median was 4.43.


Be Aware

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


Puma SE Cyclically Adjusted Book per Share Related Terms

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


Puma SE (MEX:PUM) Business Description

Address
Puma Way 1, Herzogenaurach, BY, DEU, 91074
Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (51% of 2022 sales) is its largest category, followed by apparel (34%) and accessories (15%). Puma also licenses its name for fragrances, eyewear, and watches. Most (77% in 2022) of its sales are through wholesale partners, with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (36.8% of 2022 sales), the Americas (43.5%), and Asia-Pacific (19.7%).

Puma SE (MEX:PUM) Headlines

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