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Ratos AB (Ratos AB) Cyclically Adjusted Book per Share : $3.56 (As of Mar. 2024)


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What is Ratos 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.

Ratos AB's adjusted book value per share for the three months ended in Mar. 2024 was $3.508. 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 $3.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ratos AB's average Cyclically Adjusted Book Growth Rate was -1.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.40% 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 Ratos AB was 2.80% per year. The lowest was -2.50% per year. And the median was 1.10% per year.

As of today (2024-05-24), Ratos AB's current stock price is $3.114. Ratos AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $3.56. Ratos AB's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ratos AB was 2.10. The lowest was 0.46. And the median was 0.86.


Ratos AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ratos 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.

Ratos AB Cyclically Adjusted Book per Share Chart

Ratos 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 4.51 3.73 3.91 3.36 3.59

Ratos 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 3.83 3.98 3.76 3.59 3.56

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

For the Engineering & Construction subindustry, Ratos 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.


Ratos AB's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ratos AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ratos 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, Ratos 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)
=3.508/132.2054*132.2054
=3.508

Current CPI (Mar. 2024) = 132.2054.

Ratos AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.036 100.432 7.946
201409 6.252 100.161 8.252
201412 5.764 100.225 7.603
201503 5.114 99.950 6.764
201506 4.938 99.995 6.529
201509 5.196 100.228 6.854
201512 4.755 100.276 6.269
201603 4.837 100.751 6.347
201606 4.462 101.019 5.839
201609 3.777 101.138 4.937
201612 3.841 102.022 4.977
201703 3.967 102.022 5.141
201706 3.450 102.752 4.439
201709 4.002 103.279 5.123
201712 3.608 103.793 4.596
201803 3.723 103.962 4.734
201806 3.427 104.875 4.320
201809 3.385 105.679 4.235
201812 3.020 105.912 3.770
201903 2.952 105.886 3.686
201906 3.028 106.742 3.750
201909 3.114 107.214 3.840
201912 3.090 107.766 3.791
202003 2.911 106.563 3.611
202006 3.236 107.498 3.980
202009 3.443 107.635 4.229
202012 3.511 108.296 4.286
202103 4.013 108.360 4.896
202106 4.295 108.928 5.213
202109 4.188 110.338 5.018
202112 4.046 112.486 4.755
202203 3.710 114.825 4.272
202206 3.711 118.384 4.144
202209 3.476 122.296 3.758
202212 3.633 126.365 3.801
202303 3.418 127.042 3.557
202306 3.491 129.407 3.567
202309 3.431 130.224 3.483
202312 3.677 131.912 3.685
202403 3.508 132.205 3.508

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


Ratos AB  (OTCPK:RTOBF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.114/3.56
=0.87

* 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 Ratos AB was 2.10. The lowest was 0.46. And the median was 0.86.


Be Aware

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


Ratos AB Cyclically Adjusted Book per Share Related Terms

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


Ratos AB (Ratos AB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ratos AB (OTCPK:RTOBF) » Definitions » Cyclically Adjusted Book per Share
Address
Sturegatan 10, Box 511, Stockholm, SWE, SE-114 11
Ratos AB is an investment company that owns and develops unlisted medium- and small-sized Nordic companies. Its portfolio has a concentration in construction, consumer goods/commerce and industrials. Traditionally, Ratos is the largest owner of its companies, and it seeks to influence the company's development. The company sets thresholds for minimum investment amounts and chooses not to invest in the early phases of a company's life cycle. Potential portfolio companies are traditionally headquartered in the Nordic region, but Ratos removes qualifications for portfolio company add-on acquisitions. Potential acquisitions are selected through either internal processes or with the help of investment banks and other advisors.

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