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FibroGen (STU:1FG) Cyclically Adjusted Book per Share : €3.88 (As of Jun. 2024)


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What is FibroGen 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.

FibroGen's adjusted book value per share for the three months ended in Jun. 2024 was €-2.150. 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 €3.88 for the trailing ten years ended in Jun. 2024.

During the past 12 months, FibroGen's average Cyclically Adjusted Book Growth Rate was -0.30% 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.

As of today (2024-09-22), FibroGen's current stock price is €0.3564. FibroGen's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €3.88. FibroGen's Cyclically Adjusted PB Ratio of today is 0.09.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of FibroGen was 6.84. The lowest was 0.10. And the median was 0.35.


FibroGen Cyclically Adjusted Book per Share Historical Data

The historical data trend for FibroGen'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.

FibroGen Cyclically Adjusted Book per Share Chart

FibroGen 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 - - - 3.26 3.52

FibroGen 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 3.37 3.44 3.52 3.44 3.88

Competitive Comparison of FibroGen's Cyclically Adjusted Book per Share

For the Biotechnology subindustry, FibroGen'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.


FibroGen's Cyclically Adjusted PB Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, FibroGen's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



FibroGen 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, FibroGen'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)
=-2.15/132.5538*132.5538
=-2.150

Current CPI (Jun. 2024) = 132.5538.

FibroGen Quarterly Data

Book Value per Share CPI Adj_Book
201409 -3.108 100.428 -4.102
201412 3.041 99.070 4.069
201503 2.878 99.621 3.829
201506 3.743 100.684 4.928
201509 3.161 100.392 4.174
201512 2.630 99.792 3.493
201603 2.258 100.470 2.979
201606 2.739 101.688 3.570
201609 2.519 101.861 3.278
201612 2.320 101.863 3.019
201703 1.911 102.862 2.463
201706 2.886 103.349 3.702
201709 5.861 104.136 7.460
201712 5.413 104.011 6.898
201803 4.856 105.290 6.113
201806 5.039 106.317 6.283
201809 4.760 106.507 5.924
201812 5.239 105.998 6.552
201903 5.027 107.251 6.213
201906 6.410 108.070 7.862
201909 6.189 108.329 7.573
201912 5.299 108.420 6.479
202003 4.666 108.902 5.679
202006 3.896 108.767 4.748
202009 4.219 109.815 5.093
202012 3.795 109.897 4.577
202103 3.384 111.754 4.014
202106 2.335 114.631 2.700
202109 2.987 115.734 3.421
202112 1.993 117.630 2.246
202203 1.538 121.301 1.681
202206 1.047 125.017 1.110
202209 0.283 125.227 0.300
202212 -0.215 125.222 -0.228
202303 -0.472 127.348 -0.491
202306 -0.961 128.729 -0.990
202309 -1.498 129.860 -1.529
202312 -1.896 129.419 -1.942
202403 -2.110 131.776 -2.122
202406 -2.150 132.554 -2.150

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


FibroGen  (STU:1FG) 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.

FibroGen's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.3564/3.88
=0.09

* 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 12 years, the highest Cyclically Adjusted PB Ratio of FibroGen was 6.84. The lowest was 0.10. And the median was 0.35.


Be Aware

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


FibroGen Cyclically Adjusted Book per Share Related Terms

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


FibroGen Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » FibroGen Inc (STU:1FG) » Definitions » Cyclically Adjusted Book per Share
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Address
409 Illinois Street, San Francisco, CA, USA, 94158
FibroGen Inc is a biotechnology company focused on discovering, developing, and commercializing novel therapeutics to treat serious unmet medical needs. The company generates the vast majority of its revenue in Europe, followed by Japan. Virtually all of FibroGen's revenue to date has been generated from its collaboration agreements. FibroGen seeks partners with research, development, and marketing capabilities and other resources that strengthen the company's ability to advance product candidates.

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