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Koenig & Bauer AG (MIL:1SKB) Cyclically Adjusted Book per Share : €24.07 (As of Dec. 2023)


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What is Koenig & Bauer 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.

Koenig & Bauer AG's adjusted book value per share for the three months ended in Dec. 2023 was €24.720. 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 €24.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Koenig & Bauer AG's average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.80% 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 Koenig & Bauer AG was 1.90% per year. The lowest was -1.20% per year. And the median was 0.05% per year.

As of today (2024-06-03), Koenig & Bauer AG's current stock price is €13.70. Koenig & Bauer AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €24.07. Koenig & Bauer AG's Cyclically Adjusted PB Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Koenig & Bauer AG was 3.24. The lowest was 0.40. And the median was 1.03.


Koenig & Bauer AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Koenig & Bauer 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.

Koenig & Bauer AG Cyclically Adjusted Book per Share Chart

Koenig & Bauer AG 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 - - - - 24.07

Koenig & Bauer AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - 24.07

Competitive Comparison of Koenig & Bauer AG's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Koenig & Bauer 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.


Koenig & Bauer AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Koenig & Bauer AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Koenig & Bauer 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, Koenig & Bauer AG's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=24.72/123.7729*123.7729
=24.720

Current CPI (Dec. 2023) = 123.7729.

Koenig & Bauer AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 15.365 99.543 19.105
201406 15.492 99.543 19.263
201409 14.971 99.823 18.563
201412 13.719 99.543 17.058
201503 11.147 99.717 13.836
201506 13.689 100.417 16.873
201509 14.475 100.417 17.842
201512 15.601 99.717 19.365
201603 15.232 100.017 18.850
201606 15.389 100.717 18.912
201609 15.819 101.017 19.383
201612 20.412 101.217 24.961
201703 20.781 101.417 25.362
201706 21.477 102.117 26.032
201709 22.360 102.717 26.944
201712 25.658 102.617 30.948
201803 24.926 102.917 29.977
201806 24.333 104.017 28.954
201809 25.320 104.718 29.927
201812 24.866 104.217 29.532
201903 26.639 104.217 31.638
201906 25.398 105.718 29.736
201909 24.944 106.018 29.121
201912 26.118 105.818 30.550
202003 25.907 105.718 30.332
202006 25.289 106.618 29.358
202009 20.539 105.818 24.024
202012 20.624 105.518 24.192
202103 20.303 107.518 23.372
202106 21.350 108.486 24.359
202109 21.677 109.435 24.517
202112 22.276 110.384 24.978
202203 21.979 113.968 23.870
202206 23.438 115.760 25.060
202209 23.625 118.818 24.610
202212 25.483 119.345 26.428
202303 24.993 122.402 25.273
202306 24.563 123.140 24.689
202309 24.630 124.195 24.546
202312 24.720 123.773 24.720

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


Koenig & Bauer AG  (MIL:1SKB) 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.

Koenig & Bauer AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.70/24.07
=0.57

* 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 Koenig & Bauer AG was 3.24. The lowest was 0.40. And the median was 1.03.


Be Aware

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


Koenig & Bauer AG Cyclically Adjusted Book per Share Related Terms

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


Koenig & Bauer AG (MIL:1SKB) Business Description

Industry
Traded in Other Exchanges
Address
Friedrich-Koenig-Strasse 4, Wurzburg, DEU, 97080
Koenig & Bauer AG is engaged in the manufacturing and distribution of sheetfed offset, digital, web offset, and special printing presses. It operates sheetfed offset for packaging, commercial, book, as well as workflow solutions. It also provides digital and offset web presses for newspaper, commercial and industrial printing. In addition, the company provides special presses for banknote and security printing, systems for industrial coding technology, and special machines for printing packaging made of metal, film, and other plastic as well as glass. The firm organizes its business globally through three segments namely Sheetfed, Digital & Web, and Special while generating the majority of its revenue from the Sheetfed activity.

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