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Vestas Wind Systems AS (MEX:VWS N) Cyclically Adjusted Book per Share : MXN82.21 (As of Mar. 2025)


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What is Vestas Wind Systems AS 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.

Vestas Wind Systems AS's adjusted book value per share for the three months ended in Mar. 2025 was MXN73.577. 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 MXN82.21 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Vestas Wind Systems AS's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 Vestas Wind Systems AS was 8.90% per year. The lowest was 3.60% per year. And the median was 7.00% per year.

As of today (2025-06-26), Vestas Wind Systems AS's current stock price is MXN286.68. Vestas Wind Systems AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN82.21. Vestas Wind Systems AS's Cyclically Adjusted PB Ratio of today is 3.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vestas Wind Systems AS was 15.68. The lowest was 3.16. And the median was 6.75.


Vestas Wind Systems AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vestas Wind Systems AS'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.

Vestas Wind Systems AS Cyclically Adjusted Book per Share Chart

Vestas Wind Systems AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.14 81.51 66.01 45.12 78.28

Vestas Wind Systems AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 64.44 79.25 78.98 78.28 82.21

Competitive Comparison of Vestas Wind Systems AS's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Vestas Wind Systems AS'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.


Vestas Wind Systems AS's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vestas Wind Systems AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vestas Wind Systems AS's Cyclically Adjusted PB Ratio falls into.


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Vestas Wind Systems AS 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, Vestas Wind Systems AS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=73.577/120.2000*120.2000
=73.577

Current CPI (Mar. 2025) = 120.2000.

Vestas Wind Systems AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 40.518 100.300 48.557
201509 47.633 100.200 57.141
201512 49.612 99.800 59.753
201603 46.691 100.200 56.011
201606 54.756 100.600 65.424
201609 60.078 100.200 72.070
201612 64.906 100.300 77.784
201703 60.015 101.200 71.283
201706 59.362 101.200 70.507
201709 63.644 101.800 75.147
201712 71.032 101.300 84.285
201803 68.092 101.700 80.478
201806 66.566 102.300 78.213
201809 63.773 102.400 74.859
201812 70.022 102.100 82.435
201903 70.620 102.900 82.493
201906 64.629 102.900 75.495
201909 71.667 102.900 83.716
201912 70.652 102.900 82.530
202003 90.087 103.300 104.825
202006 82.637 103.200 96.250
202009 88.778 103.500 103.103
202012 112.134 103.400 130.353
202103 112.236 104.300 129.346
202106 106.504 105.000 121.922
202109 113.419 105.800 128.856
202112 108.018 106.600 121.799
202203 84.723 109.900 92.663
202206 77.109 113.600 81.589
202209 73.269 116.400 75.661
202212 62.480 115.900 64.798
202303 57.518 117.300 58.940
202306 52.134 116.400 53.836
202309 54.629 117.400 55.932
202312 55.671 116.700 57.341
202403 54.756 118.400 55.588
202406 56.950 118.500 57.767
202409 62.960 118.900 63.648
202412 76.626 118.900 77.464
202503 73.577 120.200 73.577

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


Vestas Wind Systems AS  (MEX:VWS N) 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.

Vestas Wind Systems AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=286.68/82.21
=3.49

* 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 Vestas Wind Systems AS was 15.68. The lowest was 3.16. And the median was 6.75.


Be Aware

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


Vestas Wind Systems AS Cyclically Adjusted Book per Share Related Terms

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


Vestas Wind Systems AS Business Description

Address
Hedeager 42, Aarhus, DNK, 8200
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.

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