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Orion Group Holdings (STU:0OM) Cyclically Adjusted Book per Share : €7.20 (As of Mar. 2024)


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What is Orion Group Holdings 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.

Orion Group Holdings's adjusted book value per share for the three months ended in Mar. 2024 was €3.249. 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 €7.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Orion Group Holdings's average Cyclically Adjusted Book Growth Rate was -5.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.40% 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 Orion Group Holdings was 4.10% per year. The lowest was -2.20% per year. And the median was -0.80% per year.

As of today (2024-06-10), Orion Group Holdings's current stock price is €9.55. Orion Group Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.20. Orion Group Holdings's Cyclically Adjusted PB Ratio of today is 1.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Orion Group Holdings was 1.47. The lowest was 0.22. And the median was 0.61.


Orion Group Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Orion Group Holdings'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.

Orion Group Holdings Cyclically Adjusted Book per Share Chart

Orion Group Holdings 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 - - - - 6.90

Orion Group Holdings 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 - 7.25 7.27 6.90 7.20

Competitive Comparison of Orion Group Holdings's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Orion Group Holdings'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.


Orion Group Holdings's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

* The bar in red indicates where Orion Group Holdings's Cyclically Adjusted PB Ratio falls into.



Orion Group Holdings 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, Orion Group Holdings'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)
=3.249/131.7762*131.7762
=3.249

Current CPI (Mar. 2024) = 131.7762.

Orion Group Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.102 100.560 7.996
201409 6.522 100.428 8.558
201412 6.975 99.070 9.278
201503 7.946 99.621 10.511
201506 7.616 100.684 9.968
201509 7.359 100.392 9.660
201512 7.662 99.792 10.118
201603 7.439 100.470 9.757
201606 7.263 101.688 9.412
201609 7.450 101.861 9.638
201612 7.743 101.863 10.017
201703 7.612 102.862 9.752
201706 7.104 103.349 9.058
201709 6.566 104.136 8.309
201712 6.942 104.011 8.795
201803 6.778 105.290 8.483
201806 7.159 106.317 8.873
201809 6.979 106.507 8.635
201812 4.306 105.998 5.353
201903 4.081 107.251 5.014
201906 3.982 108.070 4.856
201909 4.215 108.329 5.127
201912 4.198 108.420 5.102
202003 4.262 108.902 5.157
202006 4.197 108.767 5.085
202009 4.341 109.815 5.209
202012 4.304 109.897 5.161
202103 4.440 111.754 5.235
202106 4.485 114.631 5.156
202109 4.286 115.734 4.880
202112 4.228 117.630 4.736
202203 4.211 121.301 4.575
202206 4.275 125.017 4.506
202209 4.479 125.227 4.713
202212 4.058 125.222 4.270
202303 3.645 127.348 3.772
202306 3.595 128.729 3.680
202309 3.640 129.860 3.694
202312 3.422 129.419 3.484
202403 3.249 131.776 3.249

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


Orion Group Holdings  (STU:0OM) 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.

Orion Group Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.55/7.2
=1.33

* 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 Orion Group Holdings was 1.47. The lowest was 0.22. And the median was 0.61.


Be Aware

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


Orion Group Holdings Cyclically Adjusted Book per Share Related Terms

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


Orion Group Holdings (STU:0OM) Business Description

Industry
Traded in Other Exchanges
Address
12000 Aerospace Avenue, Suite 300, Houston, TX, USA, 77034
Orion Group Holdings Inc is a specialty construction company serving the infrastructure, industrial, and building sectors, providing services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. Its marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas.

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