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Bulten AB (OSTO:BULTEN) Cyclically Adjusted Book per Share : kr87.30 (As of Mar. 2024)


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What is Bulten 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.

Bulten AB's adjusted book value per share for the three months ended in Mar. 2024 was kr93.530. 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 kr87.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bulten AB's average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.70% 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 Bulten AB was 9.70% per year. The lowest was 8.10% per year. And the median was 8.90% per year.

As of today (2024-05-16), Bulten AB's current stock price is kr88.10. Bulten AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr87.30. Bulten AB's Cyclically Adjusted PB Ratio of today is 1.01.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bulten AB was 1.73. The lowest was 0.60. And the median was 1.00.


Bulten AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bulten 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.

Bulten AB Cyclically Adjusted Book per Share Chart

Bulten AB 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 64.30 65.61 70.27 81.20 86.73

Bulten AB 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 82.36 84.64 85.78 86.73 87.30

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

For the Auto Parts subindustry, Bulten 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.


Bulten AB's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bulten AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bulten 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, Bulten AB'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)
=93.53/130.9575*130.9575
=93.530

Current CPI (Mar. 2024) = 130.9575.

Bulten AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 57.314 100.432 74.734
201409 58.312 100.161 76.241
201412 59.543 100.225 77.801
201503 61.406 99.950 80.456
201506 59.705 99.995 78.192
201509 61.273 100.228 80.059
201512 60.585 100.276 79.122
201603 62.476 100.751 81.207
201606 61.627 101.019 79.891
201609 64.200 101.138 83.129
201612 65.964 102.022 84.673
201703 69.107 102.022 88.708
201706 66.651 102.752 84.947
201709 67.192 103.279 85.199
201712 70.728 103.793 89.239
201803 74.657 103.962 94.043
201806 72.987 104.875 91.139
201809 73.871 105.679 91.541
201812 74.703 105.912 92.369
201903 77.705 105.886 96.104
201906 74.802 106.742 91.772
201909 74.595 107.214 91.115
201912 74.094 107.766 90.039
202003 76.425 106.563 93.920
202006 70.993 107.498 86.486
202009 71.552 107.635 87.056
202012 71.612 108.296 86.597
202103 76.425 108.360 92.363
202106 75.853 108.928 91.194
202109 77.092 110.338 91.498
202112 79.093 112.486 92.081
202203 77.473 114.825 88.358
202206 79.950 118.384 88.442
202209 82.095 122.296 87.909
202212 85.716 126.365 88.831
202303 90.099 127.042 92.876
202306 93.006 129.407 94.121
202309 88.527 130.224 89.026
202312 85.906 130.958 85.906
202403 93.530 130.958 93.530

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


Bulten AB  (OSTO:BULTEN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=88.10/87.3
=1.01

* 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 Bulten AB was 1.73. The lowest was 0.60. And the median was 1.00.


Be Aware

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


Bulten AB Cyclically Adjusted Book per Share Related Terms

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


Bulten AB (OSTO:BULTEN) Business Description

Industry
Traded in Other Exchanges
Address
August Barks gata 6A, Box 9148, Gothenburg, SWE, SE-40093
Bulten AB develops, produces, and markets fasteners in the European automotive industry. Its product range includes customer-specific products to customized fasteners. It also provides technical development, line-feeding, logistics, material, and production services. Its products are screws, nuts, clips, and rivets. Bulten has its manufacturing unit in Germany, Sweden, Poland, the United Kingdom, China, the USA, and other countries and receives its revenue from northern Europe.

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