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SAAFY (Saras SpA) Cyclically Adjusted Book per Share : $6.61 (As of Jun. 2024)


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What is Saras SpA 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.

Saras SpA's adjusted book value per share for the three months ended in Jun. 2024 was $7.420. 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 $6.61 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Saras SpA's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 Saras SpA was 0.90% per year. The lowest was -3.30% per year. And the median was -0.25% per year.

As of today (2024-09-21), Saras SpA's current stock price is $8.60. Saras SpA's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was $6.61. Saras SpA's Cyclically Adjusted PB Ratio of today is 1.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Saras SpA was 2.08. The lowest was 0.37. And the median was 1.16.


Saras SpA Cyclically Adjusted Book per Share Historical Data

The historical data trend for Saras SpA'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.

Saras SpA Cyclically Adjusted Book per Share Chart

Saras SpA 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 6.80 5.81 6.38 5.73 6.44

Saras SpA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 7.04 6.57 6.44 6.19 6.61

Competitive Comparison of Saras SpA's Cyclically Adjusted Book per Share

For the Oil & Gas Refining & Marketing subindustry, Saras SpA'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.


Saras SpA's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saras SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Saras SpA 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, Saras SpA's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=7.42/120.7000*120.7000
=7.420

Current CPI (Jun. 2024) = 120.7000.

Saras SpA Quarterly Data

Book Value per Share CPI Adj_Book
201409 5.502 99.814 6.653
201412 4.365 99.721 5.283
201503 4.178 99.814 5.052
201506 5.255 100.279 6.325
201509 5.533 100.000 6.678
201512 5.149 99.814 6.226
201603 5.180 99.600 6.277
201606 5.052 99.900 6.104
201609 5.262 100.100 6.345
201612 5.199 100.300 6.256
201703 5.798 101.000 6.929
201706 5.311 101.100 6.341
201709 5.985 101.200 7.138
201712 6.779 101.200 8.085
201803 7.222 101.800 8.563
201806 6.512 102.400 7.676
201809 6.962 102.600 8.190
201812 6.710 102.300 7.917
201903 6.642 102.800 7.799
201906 6.322 103.100 7.401
201909 6.413 102.900 7.522
201912 6.246 102.800 7.334
202003 5.514 102.900 6.468
202006 5.258 102.900 6.168
202009 5.541 102.300 6.538
202012 5.067 102.600 5.961
202103 4.805 103.700 5.593
202106 5.040 104.200 5.838
202109 4.696 104.900 5.403
202112 4.761 106.600 5.391
202203 5.090 110.400 5.565
202206 6.042 112.500 6.482
202209 5.945 114.200 6.283
202212 6.752 119.000 6.848
202303 7.624 118.800 7.746
202306 6.591 119.700 6.646
202309 7.258 120.300 7.282
202312 7.709 119.700 7.773
202403 8.128 120.200 8.162
202406 7.420 120.700 7.420

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


Saras SpA  (OTCPK:SAAFY) 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.

Saras SpA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.60/6.61
=1.30

* 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 Saras SpA was 2.08. The lowest was 0.37. And the median was 1.16.


Be Aware

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


Saras SpA Cyclically Adjusted Book per Share Related Terms

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


Saras SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saras SpA (OTCPK:SAAFY) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
S.S. 195 Sulcitana, Km 19, Cagliari, Sarroch, ITA, 09018
Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.

Saras SpA Headlines

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