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Star Bulk Carriers (STU:4FAP) Cyclically Adjusted Book per Share : €24.11 (As of Mar. 2024)


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What is Star Bulk Carriers 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.

Star Bulk Carriers's adjusted book value per share for the three months ended in Mar. 2024 was €18.523. 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 €24.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Star Bulk Carriers's average Cyclically Adjusted Book Growth Rate was -18.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -36.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -36.50% 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 Star Bulk Carriers was -13.80% per year. The lowest was -40.30% per year. And the median was -32.25% per year.

As of today (2024-05-27), Star Bulk Carriers's current stock price is €24.51. Star Bulk Carriers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €24.11. Star Bulk Carriers's Cyclically Adjusted PB Ratio of today is 1.02.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Star Bulk Carriers was 1.02. The lowest was 0.01. And the median was 0.05.


Star Bulk Carriers Cyclically Adjusted Book per Share Historical Data

The historical data trend for Star Bulk Carriers'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.

Star Bulk Carriers Cyclically Adjusted Book per Share Chart

Star Bulk Carriers 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 139.30 78.90 53.53 32.56 23.88

Star Bulk Carriers Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 29.11 26.64 25.07 23.88 24.11

Competitive Comparison of Star Bulk Carriers's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Star Bulk Carriers'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.


Star Bulk Carriers's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Star Bulk Carriers's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Star Bulk Carriers 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, Star Bulk Carriers'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)
=18.523/117.2848*117.2848
=18.523

Current CPI (Mar. 2024) = 117.2848.

Star Bulk Carriers Quarterly Data

Book Value per Share CPI Adj_Book
201403 33.106 102.748 37.790
201406 32.998 103.060 37.552
201409 43.063 102.624 49.215
201412 42.775 100.254 50.041
201503 39.102 100.549 45.610
201506 30.218 100.838 35.147
201509 29.371 100.856 34.155
201512 23.784 100.087 27.871
201603 22.272 99.041 26.375
201606 21.375 100.121 25.039
201609 16.987 99.878 19.947
201612 17.364 100.110 20.343
201703 0.000 100.770 0.000
201706 14.994 101.138 17.388
201709 14.070 100.882 16.358
201712 14.330 100.762 16.680
201803 13.871 100.534 16.182
201806 14.649 102.121 16.824
201809 13.989 101.982 16.088
201812 14.478 101.330 16.758
201903 14.513 101.482 16.773
201906 14.237 101.837 16.397
201909 14.457 101.906 16.639
201912 14.465 102.120 16.613
202003 0.000 101.479 0.000
202006 13.808 100.239 16.156
202009 13.435 99.886 15.775
202012 13.112 99.751 15.417
202103 13.630 99.817 16.015
202106 14.262 101.270 16.517
202112 17.995 104.853 20.129
202203 18.329 108.651 19.785
202206 19.392 113.517 20.036
202209 0.000 114.371 0.000
202212 18.533 112.428 19.334
202303 18.072 113.620 18.655
202306 17.834 115.515 18.107
202309 18.226 116.234 18.391
202312 18.119 116.364 18.262
202403 18.523 117.285 18.523

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


Star Bulk Carriers  (STU:4FAP) 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.

Star Bulk Carriers's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=24.51/24.11
=1.02

* 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 Star Bulk Carriers was 1.02. The lowest was 0.01. And the median was 0.05.


Be Aware

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


Star Bulk Carriers Cyclically Adjusted Book per Share Related Terms

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


Star Bulk Carriers (STU:4FAP) Business Description

Industry
Traded in Other Exchanges
Address
C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.

Star Bulk Carriers (STU:4FAP) Headlines

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