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Cairo Communication SpA (MIL:CAI) Cyclically Adjusted Book per Share : €3.32 (As of Mar. 2024)


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What is Cairo Communication SpA 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.

Cairo Communication SpA's adjusted book value per share for the three months ended in Mar. 2024 was €4.064. 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 €3.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cairo Communication SpA's average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.80% 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 Cairo Communication SpA was 16.20% per year. The lowest was 13.80% per year. And the median was 15.20% per year.

As of today (2024-06-24), Cairo Communication SpA's current stock price is €2.17. Cairo Communication SpA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.32. Cairo Communication SpA's Cyclically Adjusted PB Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cairo Communication SpA was 2.41. The lowest was 0.49. And the median was 0.75.


Cairo Communication SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cairo Communication SpA'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.

Cairo Communication SpA Cyclically Adjusted Book per Share Chart

Cairo Communication SpA 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 1.91 2.13 2.46 3.00 3.26

Cairo Communication SpA 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 3.07 3.15 3.22 3.26 3.32

Competitive Comparison of Cairo Communication SpA's Cyclically Adjusted Book per Share

For the Advertising Agencies subindustry, Cairo Communication SpA'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.


Cairo Communication SpA's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cairo Communication SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cairo Communication SpA's Cyclically Adjusted PB Ratio falls into.



Cairo Communication SpA 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, Cairo Communication SpA'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)
=4.064/120.2000*120.2000
=4.064

Current CPI (Mar. 2024) = 120.2000.

Cairo Communication SpA Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.500 100.093 1.801
201409 1.556 99.814 1.874
201412 1.612 99.721 1.943
201503 1.637 99.814 1.971
201506 1.416 100.279 1.697
201509 1.431 100.000 1.720
201512 1.483 99.814 1.786
201603 1.504 99.600 1.815
201606 1.331 99.900 1.601
201609 2.443 100.100 2.934
201612 2.565 100.300 3.074
201703 2.535 101.000 3.017
201706 2.671 101.100 3.176
201709 2.654 101.200 3.152
201712 2.913 101.200 3.460
201803 2.933 101.800 3.463
201806 3.035 102.400 3.563
201809 3.049 102.600 3.572
201812 3.250 102.300 3.819
201903 3.219 102.800 3.764
201906 3.248 103.100 3.787
201909 3.243 102.900 3.788
201912 3.372 102.800 3.943
202003 3.319 102.900 3.877
202006 3.274 102.900 3.824
202009 3.285 102.300 3.860
202012 3.485 102.600 4.083
202103 3.453 103.700 4.002
202106 3.631 104.200 4.189
202109 3.660 104.900 4.194
202112 3.827 106.600 4.315
202203 3.808 110.400 4.146
202206 3.741 112.500 3.997
202209 3.721 114.200 3.916
202212 3.906 119.000 3.945
202303 3.882 118.800 3.928
202306 3.880 119.700 3.896
202309 3.840 120.300 3.837
202312 4.080 119.700 4.097
202403 4.064 120.200 4.064

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


Cairo Communication SpA  (MIL:CAI) 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.

Cairo Communication SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.17/3.32
=0.65

* 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 Cairo Communication SpA was 2.41. The lowest was 0.49. And the median was 0.75.


Be Aware

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


Cairo Communication SpA Cyclically Adjusted Book per Share Related Terms

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


Cairo Communication SpA (MIL:CAI) Business Description

Traded in Other Exchanges
Address
Corso Magenta 55, Milan, ITA, 20123
Cairo Communication SpA is an Italian-based advertisement company. It is engaged in the business of media and publication. It carries out its activity through three communication platforms that include advertisement, publications, and the Internet. Publication activity is done by publishing periodicals, magazines, and books. It is a dealer for the sale of advertising space on various media platforms such as commercial television, paid digital television, print, and the Internet. It operates on the internet through its Trovatore search engine. Its segment includes magazine publishing Cairo Editore, advertising, TV publishing La7, network operator, and RCS.