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Axfood AB (OSTO:AXFO) Cyclically Adjusted Book per Share : kr24.49 (As of Mar. 2025)


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What is Axfood AB 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.

Axfood AB's adjusted book value per share for the three months ended in Mar. 2025 was kr26.059. 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 kr24.49 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Axfood AB's average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.50% 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 Axfood AB was 10.40% per year. The lowest was 3.30% per year. And the median was 6.65% per year.

As of today (2025-05-30), Axfood AB's current stock price is kr276.10. Axfood AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr24.49. Axfood AB's Cyclically Adjusted PB Ratio of today is 11.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Axfood AB was 16.64. The lowest was 8.80. And the median was 11.31.


Axfood AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Axfood AB'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.

Axfood AB Cyclically Adjusted Book per Share Chart

Axfood AB 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 17.48 18.58 21.82 23.51 24.40

Axfood AB 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 23.72 23.98 24.09 24.40 24.49

Competitive Comparison of Axfood AB's Cyclically Adjusted Book per Share

For the Grocery Stores subindustry, Axfood AB'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.


Axfood AB's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Axfood AB 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, Axfood AB'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)
=26.059/132.8245*132.8245
=26.059

Current CPI (Mar. 2025) = 132.8245.

Axfood AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 17.699 99.995 23.510
201509 19.716 100.228 26.128
201512 21.403 100.276 28.350
201603 13.947 100.751 18.387
201606 15.738 101.019 20.693
201609 17.906 101.138 23.516
201612 19.451 102.022 25.324
201703 14.977 102.022 19.499
201706 16.599 102.752 21.457
201709 18.727 103.279 24.084
201712 20.174 103.793 25.817
201803 14.821 103.962 18.936
201806 16.684 104.875 21.130
201809 18.895 105.679 23.749
201812 20.371 105.912 25.547
201903 13.258 105.886 16.631
201906 15.037 106.742 18.711
201909 17.496 107.214 21.675
201912 19.045 107.766 23.473
202003 14.052 106.563 17.515
202006 15.822 107.498 19.550
202009 18.831 107.635 23.238
202012 20.528 108.296 25.178
202103 15.376 108.360 18.848
202106 17.417 108.928 21.238
202109 20.438 110.338 24.603
202112 23.482 112.486 27.728
202203 19.181 114.825 22.188
202206 28.146 118.384 31.579
202209 28.702 122.296 31.173
202212 30.625 126.365 32.190
202303 23.442 127.042 24.509
202306 26.112 129.407 26.802
202309 29.439 130.224 30.027
202312 31.871 131.912 32.092
202403 26.110 132.205 26.232
202406 28.296 132.716 28.319
202409 31.176 132.304 31.299
202412 32.691 132.987 32.651
202503 26.059 132.825 26.059

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


Axfood AB  (OSTO:AXFO) 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.

Axfood AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=276.10/24.49
=11.27

* 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 Axfood AB was 16.64. The lowest was 8.80. And the median was 11.31.


Be Aware

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


Axfood AB Cyclically Adjusted Book per Share Related Terms

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


Axfood AB Business Description

Industry
Traded in Other Exchanges
Address
Solnavagen 4, Stockholm, SWE, 113 65
Axfood AB operates food retail and wholesale businesses in Sweden. The company operates various food retail grocery chains, discount stores, hypermarkets, restaurants and cafes, and pharmacies through different brands. The company's operating segments include Willys, Hemkop, Dagab, City Gross, and Snabbgross. A majority of its revenue is generated from the Willys segment which is a discount grocery chain, offering various products in both group-owned stores and online. This segment also includes the partly owned cross-border grocery chain Eurocash.

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