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Bang & Olufsen AS (OCSE:BO) Cyclically Adjusted Book per Share : kr15.00 (As of Feb. 2025)


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What is Bang & Olufsen 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.

Bang & Olufsen AS's adjusted book value per share for the three months ended in Feb. 2025 was kr8.061. 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 kr15.00 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Bang & Olufsen AS's average Cyclically Adjusted Book Growth Rate was -6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.20% 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 Bang & Olufsen AS was -1.90% per year. The lowest was -9.80% per year. And the median was -3.60% per year.

As of today (2025-05-25), Bang & Olufsen AS's current stock price is kr13.06. Bang & Olufsen AS's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2025 was kr15.00. Bang & Olufsen AS's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bang & Olufsen AS was 3.39. The lowest was 0.46. And the median was 1.04.


Bang & Olufsen AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bang & Olufsen 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.

Bang & Olufsen AS Cyclically Adjusted Book per Share Chart

Bang & Olufsen AS Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.37 17.56 17.61 16.72 15.74

Bang & Olufsen AS Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 16.07 15.74 15.50 15.13 15.00

Competitive Comparison of Bang & Olufsen AS's Cyclically Adjusted Book per Share

For the Consumer Electronics subindustry, Bang & Olufsen 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.


Bang & Olufsen AS's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Bang & Olufsen AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bang & Olufsen AS's Cyclically Adjusted PB Ratio falls into.


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Bang & Olufsen 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, Bang & Olufsen AS's adjusted Book Value per Share data for the three months ended in Feb. 2025 was:

Adj_Book= Book Value per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=8.061/120.8000*120.8000
=8.061

Current CPI (Feb. 2025) = 120.8000.

Bang & Olufsen AS Quarterly Data

Book Value per Share CPI Adj_Book
201505 19.856 100.400 23.890
201508 18.955 100.000 22.898
201511 15.605 99.900 18.870
201602 18.910 100.100 22.820
201605 17.825 100.500 21.425
201608 17.102 100.200 20.618
201611 17.426 100.300 20.988
201702 17.465 101.100 20.868
201705 16.391 101.300 19.546
201708 15.710 101.700 18.660
201711 16.384 101.600 19.480
201802 16.769 101.700 19.918
201805 17.661 102.400 20.834
201808 17.587 102.700 20.687
201811 17.193 102.400 20.282
201902 16.383 102.800 19.252
201905 15.505 103.100 18.167
201908 14.478 103.100 16.964
201911 31.050 103.100 36.381
202002 10.554 103.600 12.306
202005 9.081 103.100 10.640
202008 9.264 103.600 10.802
202011 9.052 103.600 10.555
202102 9.324 104.200 10.809
202105 9.390 104.900 10.813
202108 9.473 105.500 10.847
202111 9.429 107.100 10.635
202202 9.362 109.200 10.356
202205 9.203 112.700 9.864
202208 8.467 114.900 8.902
202211 8.448 116.600 8.752
202302 7.972 117.500 8.196
202305 7.997 116.000 8.328
202308 8.089 117.700 8.302
202311 8.124 117.300 8.366
202402 8.256 118.400 8.423
202405 7.901 118.500 8.054
202408 7.768 119.300 7.866
202411 6.452 119.200 6.539
202502 8.061 120.800 8.061

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


Bang & Olufsen AS  (OCSE:BO) 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.

Bang & Olufsen AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13.06/15.00
=0.87

* 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 Bang & Olufsen AS was 3.39. The lowest was 0.46. And the median was 1.04.


Be Aware

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


Bang & Olufsen AS Cyclically Adjusted Book per Share Related Terms

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


Bang & Olufsen AS Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bang & Olufsen AS (OCSE:BO) » Definitions » Cyclically Adjusted Book per Share
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Bang og Olufsen Alle 1, Struer, DNK, DK-7600
Bang & Olufsen AS designs, develops, and markets audio and video products including music systems, loudspeakers, television sets, and multimedia products. Geographically, it derives a majority of its revenue from EMEA, Followed by Americas, and APAC. It generates maximum revenue from the Staged product category followed by On-the-go; Flexible Living Brand Partnering and other activities.

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