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Bakkafrost P/F (STU:6BF) Cyclically Adjusted Book per Share : €14.81 (As of Mar. 2024)


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What is Bakkafrost P/F 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.

Bakkafrost P/F's adjusted book value per share for the three months ended in Mar. 2024 was €25.626. 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 €14.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bakkafrost P/F's average Cyclically Adjusted Book Growth Rate was 19.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 25.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 26.50% 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 Bakkafrost P/F was 28.90% per year. The lowest was 25.30% per year. And the median was 26.70% per year.

As of today (2024-06-14), Bakkafrost P/F's current stock price is €49.60. Bakkafrost P/F's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.81. Bakkafrost P/F's Cyclically Adjusted PB Ratio of today is 3.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bakkafrost P/F was 11.13. The lowest was 2.93. And the median was 7.48.


Bakkafrost P/F Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bakkafrost P/F'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.

Bakkafrost P/F Cyclically Adjusted Book per Share Chart

Bakkafrost P/F 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 6.56 7.89 10.86 13.01 14.68

Bakkafrost P/F 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 12.78 13.10 14.14 14.68 14.81

Competitive Comparison of Bakkafrost P/F's Cyclically Adjusted Book per Share

For the Farm Products subindustry, Bakkafrost P/F'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.


Bakkafrost P/F's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bakkafrost P/F's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bakkafrost P/F's Cyclically Adjusted PB Ratio falls into.



Bakkafrost P/F 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, Bakkafrost P/F'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)
=25.626/131.7762*131.7762
=25.626

Current CPI (Mar. 2024) = 131.7762.

Bakkafrost P/F Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.595 100.560 6.021
201409 5.233 100.428 6.866
201412 5.707 99.070 7.591
201503 6.115 99.621 8.089
201506 5.853 100.684 7.660
201509 6.233 100.392 8.182
201512 7.108 99.792 9.386
201603 7.724 100.470 10.131
201606 7.281 101.688 9.435
201609 8.267 101.861 10.695
201612 9.805 101.863 12.684
201703 10.017 102.862 12.833
201706 9.937 103.349 12.670
201709 10.103 104.136 12.785
201712 10.008 104.011 12.680
201803 10.728 105.290 13.427
201806 10.261 106.317 12.718
201809 11.229 106.507 13.893
201812 11.215 105.998 13.942
201903 11.792 107.251 14.489
201906 11.215 108.070 13.675
201909 15.074 108.329 18.337
201912 18.854 108.420 22.916
202003 18.404 108.902 22.270
202006 19.468 108.767 23.586
202009 19.951 109.815 23.941
202012 19.873 109.897 23.830
202103 20.899 111.754 24.643
202106 21.389 114.631 24.588
202109 21.681 115.734 24.686
202112 21.278 117.630 23.837
202203 21.502 121.301 23.359
202206 23.371 125.017 24.635
202209 23.911 125.227 25.162
202212 23.637 125.222 24.874
202303 24.737 127.348 25.597
202306 23.307 128.729 23.859
202309 23.734 129.860 24.084
202312 24.614 129.419 25.062
202403 25.626 131.776 25.626

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


Bakkafrost P/F  (STU:6BF) 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.

Bakkafrost P/F's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=49.60/14.81
=3.35

* 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 Bakkafrost P/F was 11.13. The lowest was 2.93. And the median was 7.48.


Be Aware

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


Bakkafrost P/F Cyclically Adjusted Book per Share Related Terms

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


Bakkafrost P/F (STU:6BF) Business Description

Address
Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625
Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into three segments. The fish farming segment involves the breeding, processing, sales, and distribution of salmon and contributes to the majority of the group revenue. The value-added products segment produces skinless and boneless portions of salmon. The fishmeal, oil and feed segment is engaged in the production and sale of fishmeal, fish oil and fish feed through Bakkafrost's subsidiary Havsbrun.

Bakkafrost P/F (STU:6BF) Headlines

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