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Ponsse Oyj (OHEL:PON1V) Cyclically Adjusted Book per Share : €8.52 (As of Mar. 2024)


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What is Ponsse 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.

Ponsse Oyj's adjusted book value per share for the three months ended in Mar. 2024 was €11.418. 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 €8.52 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ponsse Oyj's average Cyclically Adjusted Book Growth Rate was 13.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.00% 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 Ponsse Oyj was 19.20% per year. The lowest was 13.50% per year. And the median was 16.30% per year.

As of today (2024-06-10), Ponsse Oyj's current stock price is €24.40. Ponsse Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.52. Ponsse Oyj's Cyclically Adjusted PB Ratio of today is 2.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ponsse Oyj was 9.18. The lowest was 2.62. And the median was 6.63.


Ponsse Oyj Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ponsse 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.

Ponsse Oyj Cyclically Adjusted Book per Share Chart

Ponsse 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 4.30 4.88 5.76 7.11 8.26

Ponsse 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 7.49 7.77 8.03 8.26 8.52

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

For the Farm & Heavy Construction Machinery subindustry, Ponsse 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.


Ponsse Oyj's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ponsse Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ponsse 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, Ponsse 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)
=11.418/122.3600*122.3600
=11.418

Current CPI (Mar. 2024) = 122.3600.

Ponsse Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.622 100.147 3.204
201409 2.858 100.726 3.472
201412 3.096 100.229 3.780
201503 3.424 100.120 4.185
201506 3.384 100.030 4.139
201509 3.614 100.130 4.416
201512 4.216 99.990 5.159
201603 4.571 100.080 5.589
201606 4.511 100.390 5.498
201609 4.770 100.540 5.805
201612 5.356 101.020 6.487
201703 5.769 100.910 6.995
201706 5.333 101.140 6.452
201709 5.792 101.320 6.995
201712 6.323 101.510 7.622
201803 6.677 101.730 8.031
201806 6.242 102.320 7.465
201809 6.497 102.600 7.748
201812 7.148 102.710 8.516
201903 7.563 102.870 8.996
201906 7.221 103.360 8.548
201909 7.676 103.540 9.071
201912 8.290 103.650 9.786
202003 8.246 103.490 9.750
202006 8.195 103.320 9.705
202009 8.570 103.710 10.111
202012 9.109 103.890 10.728
202103 9.495 104.870 11.079
202106 9.502 105.360 11.035
202109 10.032 106.290 11.549
202112 10.617 107.490 12.086
202203 11.087 110.950 12.227
202206 11.030 113.570 11.884
202209 11.453 114.920 12.194
202212 11.498 117.320 11.992
202303 11.945 119.750 12.205
202306 11.531 120.690 11.691
202309 11.472 121.280 11.574
202312 11.503 121.540 11.581
202403 11.418 122.360 11.418

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


Ponsse Oyj  (OHEL:PON1V) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.40/8.52
=2.86

* 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 Ponsse Oyj was 9.18. The lowest was 2.62. And the median was 6.63.


Be Aware

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


Ponsse Oyj Cyclically Adjusted Book per Share Related Terms

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


Ponsse Oyj (OHEL:PON1V) Business Description

Traded in Other Exchanges
Address
Ponssentie 22, Vierema, FIN, FI-74200
Ponsse Oyj is engaged in the development, manufacture, sales, designing, and servicing of forest machines, other metal products, machine control systems, vehicle PC equipment, and different types of separate systems and software. The company's products include harvesters, forwarders, dual machines, harvester heads, cranes and loaders, information systems, and bioenergy products. The company divides its business activities into four geographical segments, namely Northern Europe, Central & Southern Europe, North & South America and Other countries.

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