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Gjensidige Forsikring ASA (OSL:GJF) Cyclically Adjusted Book per Share : kr55.55 (As of Sep. 2024)


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What is Gjensidige Forsikring ASA 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.

Gjensidige Forsikring ASA's adjusted book value per share for the three months ended in Sep. 2024 was kr49.815. 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 kr55.55 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Gjensidige Forsikring ASA's average Cyclically Adjusted Book Growth Rate was -0.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.00% 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 Gjensidige Forsikring ASA was 2.50% per year. The lowest was 1.00% per year. And the median was 2.05% per year.

As of today (2024-12-13), Gjensidige Forsikring ASA's current stock price is kr204.80. Gjensidige Forsikring ASA's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was kr55.55. Gjensidige Forsikring ASA's Cyclically Adjusted PB Ratio of today is 3.69.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Gjensidige Forsikring ASA was 4.17. The lowest was 2.36. And the median was 3.36.


Gjensidige Forsikring ASA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Gjensidige Forsikring ASA'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.

Gjensidige Forsikring ASA Cyclically Adjusted Book per Share Chart

Gjensidige Forsikring ASA 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 51.85 52.40 54.25 55.82 56.19

Gjensidige Forsikring ASA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 55.87 56.19 55.74 55.89 55.55

Competitive Comparison of Gjensidige Forsikring ASA's Cyclically Adjusted Book per Share

For the Insurance - Property & Casualty subindustry, Gjensidige Forsikring ASA'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.


Gjensidige Forsikring ASA's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Gjensidige Forsikring ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Gjensidige Forsikring ASA 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, Gjensidige Forsikring ASA's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=49.815/133.7000*133.7000
=49.815

Current CPI (Sep. 2024) = 133.7000.

Gjensidige Forsikring ASA Quarterly Data

Book Value per Share CPI Adj_Book
201412 43.319 98.600 58.740
201503 44.727 99.200 60.282
201506 41.873 100.100 55.928
201509 44.085 100.600 58.590
201512 46.619 100.900 61.774
201603 48.283 102.500 62.980
201606 42.319 103.800 54.509
201609 46.188 104.200 59.264
201612 44.615 104.400 57.136
201703 46.984 105.000 59.826
201706 42.996 105.800 54.334
201709 45.403 105.900 57.322
201712 47.372 106.100 59.695
201803 48.149 107.300 59.996
201806 42.815 108.500 52.759
201809 44.468 109.500 54.296
201812 47.692 109.800 58.073
201903 44.787 110.400 54.239
201906 47.463 110.600 57.376
201909 49.639 111.100 59.737
201912 52.385 111.300 62.928
202003 53.060 111.200 63.796
202006 56.160 112.100 66.981
202009 47.311 112.900 56.027
202012 50.569 112.900 59.886
202103 45.300 114.600 52.850
202106 49.187 115.300 57.036
202109 50.033 117.500 56.931
202112 48.862 118.900 54.944
202203 44.870 119.800 50.076
202206 47.230 122.600 51.506
202209 50.017 125.600 53.243
202212 47.922 125.900 50.891
202303 43.088 127.600 45.148
202306 45.397 130.400 46.546
202309 46.428 129.800 47.823
202312 48.457 131.900 49.118
202403 43.543 132.600 43.904
202406 45.839 133.800 45.805
202409 49.815 133.700 49.815

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


Gjensidige Forsikring ASA  (OSL:GJF) 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.

Gjensidige Forsikring ASA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=204.80/55.55
=3.69

* 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 Gjensidige Forsikring ASA was 4.17. The lowest was 2.36. And the median was 3.36.


Be Aware

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


Gjensidige Forsikring ASA Cyclically Adjusted Book per Share Related Terms

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


Gjensidige Forsikring ASA Business Description

Traded in Other Exchanges
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring ASA is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway.

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