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NEL ASA (STU:D7G) Cyclically Adjusted Book per Share : €0.22 (As of Mar. 2024)


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What is NEL ASA 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.

NEL ASA's adjusted book value per share for the three months ended in Mar. 2024 was €0.323. 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 €0.22 for the trailing ten years ended in Mar. 2024.

During the past 12 months, NEL ASA's average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -14.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -22.00% 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 NEL ASA was -14.10% per year. The lowest was -30.20% per year. And the median was -26.50% per year.

As of today (2024-06-20), NEL ASA's current stock price is €0.5158. NEL ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €0.22. NEL ASA's Cyclically Adjusted PB Ratio of today is 2.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NEL ASA was 8.26. The lowest was 0.31. And the median was 4.11.


NEL ASA Cyclically Adjusted Book per Share Historical Data

The historical data trend for NEL ASA'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.

NEL ASA Cyclically Adjusted Book per Share Chart

NEL ASA 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 0.55 0.36 0.25 0.20 0.22

NEL ASA 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 0.19 0.20 0.21 0.22 0.22

Competitive Comparison of NEL ASA's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, NEL ASA'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.


NEL ASA's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



NEL ASA 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, NEL ASA'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)
=0.323/132.6000*132.6000
=0.323

Current CPI (Mar. 2024) = 132.6000.

NEL ASA Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.054 97.500 0.073
201409 0.054 98.500 0.073
201412 0.062 98.600 0.083
201503 0.075 99.200 0.100
201506 0.100 100.100 0.132
201509 0.102 100.600 0.134
201512 0.113 100.900 0.149
201603 0.111 102.500 0.144
201606 0.110 103.800 0.141
201609 0.108 104.200 0.137
201612 0.108 104.400 0.137
201703 0.121 105.000 0.153
201706 0.167 105.800 0.209
201709 0.131 105.900 0.164
201712 0.143 106.100 0.179
201803 0.140 107.300 0.173
201806 0.168 108.500 0.205
201809 0.147 109.500 0.178
201812 0.144 109.800 0.174
201903 0.168 110.400 0.202
201906 0.162 110.600 0.194
201909 0.161 111.100 0.192
201912 0.151 111.300 0.180
202003 0.189 111.200 0.225
202006 0.316 112.100 0.374
202009 0.278 112.900 0.327
202012 0.367 112.900 0.431
202103 0.412 114.600 0.477
202106 0.390 115.300 0.449
202109 0.357 117.500 0.403
202112 0.340 118.900 0.379
202203 0.435 119.800 0.481
202206 0.398 122.600 0.430
202209 0.389 125.600 0.411
202212 0.333 125.900 0.351
202303 0.364 127.600 0.378
202306 0.334 130.400 0.340
202309 0.331 129.800 0.338
202312 0.322 131.900 0.324
202403 0.323 132.600 0.323

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


NEL ASA  (STU:D7G) 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.

NEL ASA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.5158/0.22
=2.34

* 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 NEL ASA was 8.26. The lowest was 0.31. And the median was 4.11.


Be Aware

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


NEL ASA Cyclically Adjusted Book per Share Related Terms

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


NEL ASA (STU:D7G) Business Description

Industry
Address
Karenslyst alle 49, Oslo, NOR, N-0279
NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Electroiyser segment.

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