GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » H. Lundbeck AS (OCSE:HLUN A) » Definitions » Cyclically Adjusted Book per Share

H. Lundbeck AS (OCSE:HLUN A) Cyclically Adjusted Book per Share : kr60.96 (As of Mar. 2025)


View and export this data going back to 2022. Start your Free Trial

What is H. Lundbeck 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.

H. Lundbeck AS's adjusted book value per share for the three months ended in Mar. 2025 was kr24.772. 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 kr60.96 for the trailing ten years ended in Mar. 2025.

During the past 12 months, H. Lundbeck AS's average Cyclically Adjusted Book Growth Rate was -7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.10% 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 H. Lundbeck AS was 4.30% per year. The lowest was -3.90% per year. And the median was 3.80% per year.

As of today (2025-07-21), H. Lundbeck AS's current stock price is kr29.85. H. Lundbeck AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr60.96. H. Lundbeck AS's Cyclically Adjusted PB Ratio of today is 0.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of H. Lundbeck AS was 0.64. The lowest was 0.31. And the median was 0.46.


H. Lundbeck AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for H. Lundbeck 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.

H. Lundbeck AS Cyclically Adjusted Book per Share Chart

H. Lundbeck AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.32 69.62 71.92 66.44 61.85

H. Lundbeck AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 65.97 64.58 63.28 61.85 60.96

Competitive Comparison of H. Lundbeck AS's Cyclically Adjusted Book per Share

For the Drug Manufacturers - Specialty & Generic subindustry, H. Lundbeck 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.


H. Lundbeck AS's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, H. Lundbeck AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

H. Lundbeck 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, H. Lundbeck AS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=24.772/120.2000*120.2000
=24.772

Current CPI (Mar. 2025) = 120.2000.

H. Lundbeck AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 51.861 100.300 62.150
201509 45.590 100.200 54.690
201512 44.526 99.800 53.628
201603 44.262 100.200 53.097
201606 44.916 100.600 53.667
201609 46.410 100.200 55.673
201612 49.121 100.300 58.867
201703 49.765 101.200 59.108
201706 53.762 101.200 63.856
201709 58.035 101.800 68.525
201712 61.316 101.300 72.756
201803 58.441 101.700 69.072
201806 63.079 102.300 74.116
201809 67.984 102.400 79.802
201812 71.707 102.100 84.419
201903 63.997 102.900 74.756
201906 67.907 102.900 79.324
201909 72.305 102.900 84.461
201912 84.458 102.900 98.657
202003 70.826 103.300 82.413
202006 72.929 103.200 84.942
202009 73.856 103.500 85.773
202012 85.421 103.400 99.300
202103 86.679 104.300 99.893
202106 88.275 105.000 101.054
202109 91.031 105.800 103.421
202112 92.018 106.600 103.758
202203 92.895 109.900 101.601
202206 19.737 113.600 20.884
202209 21.070 116.400 21.758
202212 20.929 115.900 21.705
202303 21.131 117.300 21.653
202306 21.728 116.400 22.437
202309 22.485 117.400 23.021
202312 22.223 116.700 22.889
202403 22.616 118.400 22.960
202406 23.409 118.500 23.745
202409 24.047 118.900 24.310
202412 25.231 118.900 25.507
202503 24.772 120.200 24.772

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


H. Lundbeck AS  (OCSE:HLUN A) 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.

H. Lundbeck AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.85/60.96
=0.49

* 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 H. Lundbeck AS was 0.64. The lowest was 0.31. And the median was 0.46.


Be Aware

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


H. Lundbeck AS Cyclically Adjusted Book per Share Related Terms

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


H. Lundbeck AS Business Description

Industry
Address
Ottiliavej 9, Valby, DNK, 2500
Lundbeck is a Denmark-based pharmaceutical firm that focuses on the development and commercialization of central nervous system drugs including antidepressants, antipsychotics, and antiepileptic products. The company's portfolio includes Abilify Maintena and Rexulti for psychosis, Brintellix/Trintellix for depression, Northera for Parkinson's disease symptoms, Sabril and Onfi for seizures, and Vyepti for migraine prevention. Most of the company's sales are derived in North America, followed by Asia and Europe.

H. Lundbeck AS Headlines

No Headlines