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Ceconomy AG (MIL:1CEC) Cyclically Adjusted Book per Share : €5.06 (As of Dec. 2024)


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What is Ceconomy AG 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.

Ceconomy AG's adjusted book value per share for the three months ended in Dec. 2024 was €1.375. 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 €5.06 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Ceconomy AG's average Cyclically Adjusted Book Growth Rate was -24.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -18.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -16.00% 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 Ceconomy AG was -8.30% per year. The lowest was -18.60% per year. And the median was -12.55% per year.

As of today (2025-05-13), Ceconomy AG's current stock price is €3.325. Ceconomy AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €5.06. Ceconomy AG's Cyclically Adjusted PB Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ceconomy AG was 0.83. The lowest was 0.13. And the median was 0.39.


Ceconomy AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ceconomy AG'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.

Ceconomy AG Cyclically Adjusted Book per Share Chart

Ceconomy AG Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.72

Ceconomy AG Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.44 6.10 6.48 4.72 5.06

Competitive Comparison of Ceconomy AG's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, Ceconomy AG'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.


Ceconomy AG's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ceconomy AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Ceconomy AG 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, Ceconomy AG's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.375/127.0412*127.0412
=1.375

Current CPI (Dec. 2024) = 127.0412.

Ceconomy AG Quarterly Data

Book Value per Share CPI Adj_Book
201503 13.584 99.717 17.306
201506 14.404 100.417 18.223
201509 15.848 100.417 20.050
201512 17.439 99.717 22.218
201603 16.111 100.017 20.464
201606 15.931 100.717 20.095
201609 16.280 101.017 20.474
201612 17.253 101.217 21.655
201703 -8.397 101.417 -10.519
201706 -1.426 102.117 -1.774
201709 2.047 102.717 2.532
201712 2.200 102.617 2.724
201803 1.744 102.917 2.153
201806 1.121 104.017 1.369
201809 1.909 104.718 2.316
201812 2.181 104.217 2.659
201903 2.204 104.217 2.687
201906 2.062 105.718 2.478
201909 2.120 106.018 2.540
201912 2.677 105.818 3.214
202003 1.687 105.718 2.027
202006 1.374 106.618 1.637
202009 1.355 105.818 1.627
202012 1.719 105.518 2.070
202103 2.064 107.518 2.439
202106 1.803 108.486 2.111
202109 1.984 109.435 2.303
202112 2.195 110.384 2.526
202203 1.806 113.968 2.013
202206 0.834 115.760 0.915
202209 1.216 118.818 1.300
202212 1.507 119.345 1.604
202303 1.436 122.402 1.490
202306 1.002 123.140 1.034
202309 0.954 124.195 0.976
202312 1.193 123.773 1.225
202403 1.286 125.038 1.307
202406 1.049 125.882 1.059
202409 1.063 126.198 1.070
202412 1.375 127.041 1.375

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


Ceconomy AG  (MIL:1CEC) 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.

Ceconomy AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.325/5.06
=0.66

* 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 Ceconomy AG was 0.83. The lowest was 0.13. And the median was 0.39.


Be Aware

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


Ceconomy AG Cyclically Adjusted Book per Share Related Terms

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


Ceconomy AG Business Description

Industry
Traded in Other Exchanges
Address
Kaistrasse 3, Dusseldorf, NW, DEU, 40221
Ceconomy AG is engaged in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE, a music streaming service that comprises songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New, a purchasing service for consumer electronics, which allows customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world. Its operating segment includes DACH; Western/ Southern Europe; Eastern Europe and others. The company derives a majority of its revenue from the DACH segment which includes Germany, Austria, Switzerland, and Hungary.

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