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United Internet AG (MIL:1UTDI) Cyclically Adjusted Book per Share : €22.76 (As of Sep. 2024)


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What is United Internet 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.

United Internet AG's adjusted book value per share for the three months ended in Sep. 2024 was €27.608. 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 €22.76 for the trailing ten years ended in Sep. 2024.

During the past 12 months, United Internet AG's average Cyclically Adjusted Book Growth Rate was 14.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 24.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 26.50% 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 United Internet AG was 37.10% per year. The lowest was 24.50% per year. And the median was 27.60% per year.

As of today (2024-12-12), United Internet AG's current stock price is €15.98. United Internet AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €22.76. United Internet AG's Cyclically Adjusted PB Ratio of today is 0.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Internet AG was 16.81. The lowest was 0.68. And the median was 3.10.


United Internet AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Internet 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.

United Internet AG Cyclically Adjusted Book per Share Chart

United Internet 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 - - - - 19.57

United Internet AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 19.57 20.89 24.10 22.76

Competitive Comparison of United Internet AG's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, United Internet 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.


United Internet AG's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, United Internet AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



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

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=27.608/126.1978*126.1978
=27.608

Current CPI (Sep. 2024) = 126.1978.

United Internet AG Quarterly Data

Book Value per Share CPI Adj_Book
201412 5.909 99.543 7.491
201503 6.036 99.717 7.639
201506 5.448 100.417 6.847
201509 5.158 100.417 6.482
201512 5.631 99.717 7.126
201603 5.842 100.017 7.371
201606 5.129 100.717 6.427
201609 5.337 101.017 6.667
201612 5.939 101.217 7.405
201703 9.131 101.417 11.362
201706 11.258 102.117 13.913
201709 19.724 102.717 24.233
201712 19.959 102.617 24.545
201803 22.265 102.917 27.302
201806 22.061 104.017 26.765
201809 21.398 104.718 25.787
201812 21.459 104.217 25.985
201903 21.886 104.217 26.502
201906 22.616 105.718 26.997
201909 22.941 106.018 27.308
201912 22.967 105.818 27.390
202003 23.350 105.718 27.873
202006 23.522 106.618 27.842
202009 23.775 105.818 28.354
202012 24.136 105.518 28.866
202103 24.862 107.518 29.181
202106 23.057 108.486 26.821
202109 23.405 109.435 26.990
202112 23.926 110.384 27.354
202203 24.485 113.968 27.112
202206 24.526 115.760 26.737
202209 25.130 118.818 26.691
202212 25.440 119.345 26.901
202303 27.944 122.402 28.810
202306 27.794 123.140 28.484
202309 28.186 124.195 28.641
202312 28.342 123.773 28.897
202403 28.707 125.038 28.973
202406 27.423 125.882 27.492
202409 27.608 126.198 27.608

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


United Internet AG  (MIL:1UTDI) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.98/22.76
=0.70

* 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 United Internet AG was 16.81. The lowest was 0.68. And the median was 3.10.


Be Aware

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


United Internet AG Cyclically Adjusted Book per Share Related Terms

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


United Internet AG Business Description

Traded in Other Exchanges
Address
Elgendorfer Strasse 57, Montabaur, RP, DEU, 56410
United Internet AG is a telecommunications provider that operates through two business divisions: Access and Applications, which in turn are divided into the segments Consumer Access and Business Access and Consumer Applications and Business Applications. The Consumer Access segment which generates the majority of the revenue for the company comprises mobile internet products as well as landline-based broadband products (including the respective applications, such as home networks, online storage, telephony, Smart Home, IPTV, and video-on-demand). The company also provides a wide range of telecommunication products and services to companies and local authorities. Geographically, it generates the vast majority of its revenue in Germany.

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