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SDVKF (Sandvik AB) Cyclically Adjusted Book per Share : $5.69 (As of Sep. 2024)


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What is Sandvik 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.

Sandvik AB's adjusted book value per share for the three months ended in Sep. 2024 was $6.984. 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 $5.69 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Sandvik AB's average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.10% 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 Sandvik AB was 14.60% per year. The lowest was 7.70% per year. And the median was 10.95% per year.

As of today (2024-12-11), Sandvik AB's current stock price is $19.368. Sandvik AB's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $5.69. Sandvik AB's Cyclically Adjusted PB Ratio of today is 3.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sandvik AB was 6.39. The lowest was 3.32. And the median was 4.52.


Sandvik AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sandvik 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.

Sandvik AB Cyclically Adjusted Book per Share Chart

Sandvik 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 3.82 4.55 4.45 4.69 5.40

Sandvik AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.86 5.40 5.19 5.19 5.69

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

For the Specialty Industrial Machinery subindustry, Sandvik 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.


Sandvik AB's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Sandvik 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, Sandvik AB's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=6.984/132.3043*132.3043
=6.984

Current CPI (Sep. 2024) = 132.3043.

Sandvik AB Quarterly Data

Book Value per Share CPI Adj_Book
201412 3.818 100.225 5.040
201503 3.458 99.950 4.577
201506 3.254 99.995 4.305
201509 3.331 100.228 4.397
201512 3.189 100.276 4.208
201603 3.380 100.751 4.439
201606 3.390 101.019 4.440
201609 3.289 101.138 4.303
201612 3.394 102.022 4.401
201703 3.742 102.022 4.853
201706 3.628 102.752 4.671
201709 4.031 103.279 5.164
201712 4.625 103.793 5.895
201803 4.051 103.962 5.155
201806 4.919 104.875 6.206
201809 5.059 105.679 6.334
201812 5.131 105.912 6.410
201903 5.451 105.886 6.811
201906 5.168 106.742 6.406
201909 5.181 107.214 6.393
201912 5.227 107.766 6.417
202003 5.229 106.563 6.492
202006 5.500 107.498 6.769
202009 5.937 107.635 7.298
202012 6.204 108.296 7.579
202103 6.752 108.360 8.244
202106 6.428 108.928 7.807
202109 6.585 110.338 7.896
202112 6.771 112.486 7.964
202203 6.975 114.825 8.037
202206 5.780 118.384 6.460
202209 5.824 122.296 6.301
202212 6.240 126.365 6.533
202303 6.540 127.042 6.811
202306 6.428 129.407 6.572
202309 6.422 130.224 6.525
202312 6.811 131.912 6.831
202403 7.160 132.205 7.165
202406 6.762 132.716 6.741
202409 6.984 132.304 6.984

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


Sandvik AB  (OTCPK:SDVKF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.368/5.69
=3.40

* 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 Sandvik AB was 6.39. The lowest was 3.32. And the median was 4.52.


Be Aware

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


Sandvik AB Cyclically Adjusted Book per Share Related Terms

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


Sandvik AB Business Description

Industry
Traded in Other Exchanges
Address
Kungsbron 1, Section G, Floor 6, Stockholm, SWE, 111 22
Sandvik is a manufacturer of specialized tools and mining equipment used predominantly by global mining, engineering, and automotive customers. The company's core operations are in metal cutting and mining equipment. The company has a well-documented history, having been founded in 1862 and listed on the Nordic Exchange in Stockholm in 1901.