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Ilkka Oyj (OHEL:ILKKA2) Cyclically Adjusted Book per Share : €5.03 (As of Mar. 2024)


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What is Ilkka Oyj 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.

Ilkka Oyj's adjusted book value per share for the three months ended in Mar. 2024 was €6.276. 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 €5.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ilkka Oyj's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.90% 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 Ilkka Oyj was 10.90% per year. The lowest was 2.10% per year. And the median was 6.70% per year.

As of today (2024-06-19), Ilkka Oyj's current stock price is €3.12. Ilkka Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.03. Ilkka Oyj's Cyclically Adjusted PB Ratio of today is 0.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ilkka Oyj was 1.51. The lowest was 0.62. And the median was 0.99.


Ilkka Oyj Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ilkka Oyj'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.

Ilkka Oyj Cyclically Adjusted Book per Share Chart

Ilkka Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.54 3.60 3.94 4.47 4.91

Ilkka Oyj Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.62 4.71 4.81 4.91 5.03

Competitive Comparison of Ilkka Oyj's Cyclically Adjusted Book per Share

For the Publishing subindustry, Ilkka Oyj'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.


Ilkka Oyj's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ilkka Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ilkka Oyj 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, Ilkka Oyj's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.276/122.3600*122.3600
=6.276

Current CPI (Mar. 2024) = 122.3600.

Ilkka Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.282 100.147 2.788
201409 2.426 100.726 2.947
201412 2.513 100.229 3.068
201503 2.548 100.120 3.114
201506 2.568 100.030 3.141
201509 2.663 100.130 3.254
201512 2.573 99.990 3.149
201603 2.565 100.080 3.136
201606 2.539 100.390 3.095
201609 2.625 100.540 3.195
201612 2.715 101.020 3.289
201703 2.810 100.910 3.407
201706 2.853 101.140 3.452
201709 2.953 101.320 3.566
201712 3.002 101.510 3.619
201803 3.150 101.730 3.789
201806 3.142 102.320 3.757
201809 3.276 102.600 3.907
201812 4.765 102.710 5.677
201903 5.075 102.870 6.037
201906 4.608 103.360 5.455
201909 5.023 103.540 5.936
201912 5.371 103.650 6.341
202003 4.646 103.490 5.493
202006 4.828 103.320 5.718
202009 5.097 103.710 6.014
202012 6.252 103.890 7.364
202103 6.387 104.870 7.452
202106 6.552 105.360 7.609
202109 6.452 106.290 7.427
202112 6.873 107.490 7.824
202203 6.573 110.950 7.249
202206 6.260 113.570 6.745
202209 5.574 114.920 5.935
202212 6.091 117.320 6.353
202303 6.044 119.750 6.176
202306 6.006 120.690 6.089
202309 5.927 121.280 5.980
202312 6.160 121.540 6.202
202403 6.276 122.360 6.276

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


Ilkka Oyj  (OHEL:ILKKA2) 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.

Ilkka Oyj's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.12/5.03
=0.62

* 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 Ilkka Oyj was 1.51. The lowest was 0.62. And the median was 0.99.


Be Aware

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


Ilkka Oyj Cyclically Adjusted Book per Share Related Terms

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


Ilkka Oyj (OHEL:ILKKA2) Business Description

Traded in Other Exchanges
Address
Koulukatu 10, P.O. Box 60, Seinajoki, FIN, 60101
Ilkka Oyj together with its subsidiaries, operates in publishing and printing businesses in Europe. It publishes regional newspapers, including Ilkka and Pohjalainen; local newspapers, such as Viiskunta, Komiat, Järviseutu, Suupohjan Sanomat, and Jurvan Sanomat; and free sheets comprising Vaasan Ikkuna and Etelä-Pohjanmaa, as well as provide online and mobile services of these papers. The company also offers marketing and communications agency services; and digital publishing services.

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