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TORM (OCSE:TRMD A) Cyclically Adjusted Book per Share : kr47.44 (As of Mar. 2025)


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What is TORM 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.

TORM's adjusted book value per share for the three months ended in Mar. 2025 was kr151.130. 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 kr47.44 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TORM's average Cyclically Adjusted Book Growth Rate was 1.50% 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 TORM was -94.70% per year. The lowest was -94.70% per year. And the median was -94.70% per year.

As of today (2025-07-19), TORM's current stock price is kr114.85. TORM's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr47.44. TORM's Cyclically Adjusted PB Ratio of today is 2.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of TORM was 54.16. The lowest was 0.01. And the median was 2.62.


TORM Cyclically Adjusted Book per Share Historical Data

The historical data trend for TORM'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.

TORM Cyclically Adjusted Book per Share Chart

TORM 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 31,087.31 12,149.33 36.29 4.52 -31.09

TORM 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 46.76 98.34 162.34 -31.09 47.44

Competitive Comparison of TORM's Cyclically Adjusted Book per Share

For the Oil & Gas Midstream subindustry, TORM'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.


TORM's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, TORM's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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TORM 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, TORM'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)
=151.13/136.1000*136.1000
=151.130

Current CPI (Mar. 2025) = 136.1000.

TORM Quarterly Data

Book Value per Share CPI Adj_Book
201506 -2,094.665 100.100 -2,847.991
201509 103.837 100.200 141.040
201512 104.799 100.400 142.063
201603 107.597 100.400 145.856
201606 104.671 101.000 141.047
201609 102.657 101.500 137.651
201612 88.810 102.200 118.269
201703 88.198 102.700 116.882
201706 84.121 103.500 110.617
201709 78.985 104.300 103.067
201712 80.252 105.000 104.022
201803 72.919 105.100 94.427
201806 76.145 105.900 97.860
201809 74.294 106.600 94.854
201812 75.176 107.100 95.532
201903 77.457 107.000 98.522
201906 77.334 107.900 97.545
201909 78.125 108.400 98.089
201912 90.632 108.500 113.687
202003 95.229 108.600 119.343
202006 98.968 108.800 123.801
202009 89.378 109.200 111.395
202012 83.674 109.400 104.095
202103 84.285 109.700 104.569
202106 81.957 111.400 100.129
202109 82.340 112.400 99.702
202112 85.762 114.700 101.763
202203 91.355 116.500 106.725
202206 104.935 120.500 118.520
202209 129.060 122.300 143.623
202212 128.874 125.300 139.982
202303 138.918 126.800 149.107
202306 127.374 129.400 133.969
202309 129.753 130.100 135.737
202312 132.667 130.500 138.360
202403 153.465 131.600 158.713
202406 150.638 133.000 154.149
202409 144.044 133.500 146.849
202412 151.778 135.100 152.901
202503 151.130 136.100 151.130

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


TORM  (OCSE:TRMD 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.

TORM's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=114.85/47.44
=2.42

* 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 TORM was 54.16. The lowest was 0.01. And the median was 2.62.


Be Aware

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


TORM Cyclically Adjusted Book per Share Related Terms

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


TORM Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TORM PLC (OCSE:TRMD A) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
120 Cannon Street, 4th Floor, London, GBR, EC4N 6AS
TORM PLC operates as a shipping company. The company owns and operates product tankers. It is engaged in the transportation of refined oil products The company transports clean petroleum products including gasoline, jet fuel, naphtha, and diesel oil, as well as other clean products. Its segments include the Tanker segment, and Marine Engineering segment. The company derives maximum revenue from Tanker segment.

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