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Kobenhavns Lufthavne (OCSE:KBHL) Cyclically Adjusted Book per Share : kr424.87 (As of Mar. 2025)


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What is Kobenhavns Lufthavne 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.

Kobenhavns Lufthavne's adjusted book value per share for the three months ended in Mar. 2025 was kr503.823. 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 kr424.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Kobenhavns Lufthavne's average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.30% 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 Kobenhavns Lufthavne was 2.00% per year. The lowest was -1.10% per year. And the median was 1.60% per year.

As of today (2025-06-01), Kobenhavns Lufthavne's current stock price is kr6620.00. Kobenhavns Lufthavne's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr424.87. Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio of today is 15.58.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kobenhavns Lufthavne was 18.99. The lowest was 8.78. And the median was 14.26.


Kobenhavns Lufthavne Cyclically Adjusted Book per Share Historical Data

The historical data trend for Kobenhavns Lufthavne'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.

Kobenhavns Lufthavne Cyclically Adjusted Book per Share Chart

Kobenhavns Lufthavne 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 392.69 395.53 418.09 410.50 419.36

Kobenhavns Lufthavne 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 414.43 414.84 417.93 419.36 424.87

Competitive Comparison of Kobenhavns Lufthavne's Cyclically Adjusted Book per Share

For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.


Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio falls into.


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Kobenhavns Lufthavne 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, Kobenhavns Lufthavne'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)
=503.823/120.2000*120.2000
=503.823

Current CPI (Mar. 2025) = 120.2000.

Kobenhavns Lufthavne Quarterly Data

Book Value per Share CPI Adj_Book
201506 362.615 100.300 434.560
201509 351.848 100.200 422.077
201512 381.193 99.800 459.112
201603 409.264 100.200 490.953
201606 376.414 100.600 449.751
201609 356.116 100.200 427.197
201612 387.118 100.300 463.924
201703 419.432 101.200 498.179
201706 376.580 101.200 447.282
201709 365.979 101.800 432.128
201712 401.682 101.300 476.626
201803 432.148 101.700 510.759
201806 370.578 102.300 435.420
201809 363.366 102.400 426.529
201812 393.259 102.100 462.975
201903 420.273 102.900 490.931
201906 372.617 102.900 435.263
201909 387.984 102.900 453.214
201912 415.227 102.900 485.037
202003 428.096 103.300 498.133
202006 398.293 103.200 463.903
202009 375.229 103.500 435.773
202012 338.812 103.400 393.861
202103 295.528 104.300 340.580
202106 303.772 105.000 347.747
202109 310.206 105.800 352.427
202112 320.464 106.600 361.349
202203 301.223 109.900 329.454
202206 311.544 113.600 329.644
202209 333.970 116.400 344.873
202212 343.654 115.900 356.404
202303 337.283 117.300 345.622
202306 346.585 116.400 357.900
202309 376.911 117.400 385.900
202312 363.405 116.700 374.304
202403 376.019 118.400 381.736
202406 418.068 118.500 424.066
202409 463.812 118.900 468.883
202412 490.953 118.900 496.321
202503 503.823 120.200 503.823

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


Kobenhavns Lufthavne  (OCSE:KBHL) 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.

Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=6620.00/424.87
=15.58

* 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 Kobenhavns Lufthavne was 18.99. The lowest was 8.78. And the median was 14.26.


Be Aware

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


Kobenhavns Lufthavne Cyclically Adjusted Book per Share Related Terms

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


Kobenhavns Lufthavne Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lufthavnsboulevarden 6, Kastrup, DNK, 2770
Kobenhavns Lufthavne owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two areas; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.

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