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Cloetta AB (OSTO:CLA B) Cyclically Adjusted Book per Share : kr18.26 (As of Mar. 2024)


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What is Cloetta 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.

Cloetta AB's adjusted book value per share for the three months ended in Mar. 2024 was kr18.970. 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 kr18.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cloetta AB's average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.10% 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 Cloetta AB was 7.10% per year. The lowest was -4.20% per year. And the median was 3.90% per year.

As of today (2024-05-26), Cloetta AB's current stock price is kr18.73. Cloetta AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr18.26. Cloetta AB's Cyclically Adjusted PB Ratio of today is 1.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cloetta AB was 2.22. The lowest was 0.92. And the median was 1.56.


Cloetta AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cloetta 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.

Cloetta AB Cyclically Adjusted Book per Share Chart

Cloetta 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 15.33 14.77 14.98 17.17 18.17

Cloetta 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 17.35 17.74 17.92 18.17 18.26

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

For the Confectioners subindustry, Cloetta 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.


Cloetta AB's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cloetta AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cloetta 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, Cloetta 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)
=18.97/132.2054*132.2054
=18.970

Current CPI (Mar. 2024) = 132.2054.

Cloetta AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.235 100.432 17.422
201409 13.336 100.161 17.603
201412 14.025 100.225 18.500
201503 13.935 99.950 18.432
201506 14.264 99.995 18.859
201509 15.044 100.228 19.844
201512 15.051 100.276 19.844
201603 15.214 100.751 19.964
201606 15.165 101.019 19.847
201609 15.817 101.138 20.676
201612 14.549 102.022 18.853
201703 14.736 102.022 19.096
201706 12.937 102.752 16.645
201709 12.937 103.279 16.560
201712 13.229 103.793 16.850
201803 14.060 103.962 17.880
201806 13.031 104.875 16.427
201809 13.073 105.679 16.354
201812 13.748 105.912 17.161
201903 14.230 105.886 17.767
201906 13.703 106.742 16.972
201909 14.213 107.214 17.526
201912 14.542 107.766 17.840
202003 15.401 106.563 19.107
202006 14.978 107.498 18.421
202009 15.248 107.635 18.729
202012 14.389 108.296 17.566
202103 15.311 108.360 18.680
202106 14.888 108.928 18.070
202109 15.397 110.338 18.448
202112 15.730 112.486 18.488
202203 16.542 114.825 19.046
202206 16.005 118.384 17.874
202209 16.734 122.296 18.090
202212 17.498 126.365 18.307
202303 17.957 127.042 18.687
202306 18.044 129.407 18.434
202309 18.223 130.224 18.500
202312 17.866 131.912 17.906
202403 18.970 132.205 18.970

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


Cloetta AB  (OSTO:CLA B) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=18.73/18.26
=1.03

* 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 Cloetta AB was 2.22. The lowest was 0.92. And the median was 1.56.


Be Aware

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


Cloetta AB Cyclically Adjusted Book per Share Related Terms

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


Cloetta AB (OSTO:CLA B) Business Description

Traded in Other Exchanges
Address
Landsvagen 50A, Box 2052, Sundbyberg, SWE, 174 02
Cloetta AB is a confectionary company in Northern Europe. Its products are sold in more than fifty countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany, and the UK as the main markets. The company's brand portfolio includes Lakerol, Cloetta, CandyKing, Jenkki, Kexchoklad, Malaco, Sportlife, and Red Band. Cloetta has approx. seven production units in five countries.

Cloetta AB (OSTO:CLA B) Headlines

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