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Harboes Bryggeri AS (OCSE:HARB B) Cyclically Adjusted Book per Share : kr178.61 (As of Oct. 2024)


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What is Harboes Bryggeri 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.

Harboes Bryggeri AS's adjusted book value per share for the three months ended in Oct. 2024 was kr180.636. 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 kr178.61 for the trailing ten years ended in Oct. 2024.

During the past 12 months, Harboes Bryggeri AS's average Cyclically Adjusted Book Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.50% 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 Harboes Bryggeri AS was 3.50% per year. The lowest was 3.50% per year. And the median was 3.50% per year.

As of today (2025-01-19), Harboes Bryggeri AS's current stock price is kr139.50. Harboes Bryggeri AS's Cyclically Adjusted Book per Share for the quarter that ended in Oct. 2024 was kr178.61. Harboes Bryggeri AS's Cyclically Adjusted PB Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Harboes Bryggeri AS was 1.44. The lowest was 0.34. And the median was 0.45.


Harboes Bryggeri AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Harboes Bryggeri 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.

Harboes Bryggeri AS Cyclically Adjusted Book per Share Chart

Harboes Bryggeri AS Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 159.49 170.14 176.90 176.62

Harboes Bryggeri AS Quarterly Data
Oct19 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 175.90 175.51 176.62 178.75 178.61

Competitive Comparison of Harboes Bryggeri AS's Cyclically Adjusted Book per Share

For the Beverages - Brewers subindustry, Harboes Bryggeri 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.


Harboes Bryggeri AS's Cyclically Adjusted PB Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Harboes Bryggeri AS's Cyclically Adjusted PB Ratio falls into.



Harboes Bryggeri 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, Harboes Bryggeri AS's adjusted Book Value per Share data for the three months ended in Oct. 2024 was:

Adj_Book= Book Value per Share /CPI of Oct. 2024 (Change)*Current CPI (Oct. 2024)
=180.636/119.6000*119.6000
=180.636

Current CPI (Oct. 2024) = 119.6000.

Harboes Bryggeri AS Quarterly Data

Book Value per Share CPI Adj_Book
201210 132.503 98.700 160.561
201301 142.767 97.900 174.412
201304 140.656 99.100 169.752
201307 141.994 98.800 171.887
201310 141.572 99.300 170.514
201401 129.877 98.900 157.061
201404 134.235 99.800 160.867
201407 136.394 99.500 163.947
201410 152.173 99.800 182.364
201501 151.419 98.800 183.297
201504 152.278 100.300 181.580
201507 155.702 100.200 185.848
201510 158.577 100.100 189.469
201604 161.406 100.300 192.464
201610 164.803 100.400 196.319
201704 166.182 101.400 196.010
201710 165.713 101.900 194.497
201804 164.456 102.200 192.455
201810 179.388 102.700 208.908
201904 167.604 103.200 194.239
201910 166.001 103.300 192.195
202004 159.560 103.200 184.916
202007 0.000 104.000 0.000
202010 160.988 103.700 185.672
202101 0.000 103.600 0.000
202104 160.983 104.700 183.893
202107 163.262 105.700 184.732
202110 164.090 106.800 183.756
202201 159.892 108.100 176.902
202204 161.240 111.700 172.644
202207 160.432 114.900 166.994
202210 157.845 117.600 160.529
202301 158.094 116.400 162.440
202304 160.229 117.600 162.954
202307 165.097 118.500 166.630
202310 167.523 117.700 170.227
202401 169.830 117.800 172.425
202404 173.248 118.500 174.856
202407 178.740 119.800 178.442
202410 180.636 119.600 180.636

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


Harboes Bryggeri AS  (OCSE:HARB B) 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.

Harboes Bryggeri AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=139.50/178.61
=0.78

* 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 Harboes Bryggeri AS was 1.44. The lowest was 0.34. And the median was 0.45.


Be Aware

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


Harboes Bryggeri AS Cyclically Adjusted Book per Share Related Terms

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


Harboes Bryggeri AS Business Description

Traded in Other Exchanges
Address
Spegerborgvej 34, Skaelskor, DNK, 4230
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.

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