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Almirall (STU:E2Z) Cyclically Adjusted Book per Share : €8.65 (As of Dec. 2024)


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What is Almirall 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.

Almirall's adjusted book value per share for the three months ended in Dec. 2024 was €6.980. 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 €8.65 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Almirall's average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.70% 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 Almirall was 6.70% per year. The lowest was 3.00% per year. And the median was 4.90% per year.

As of today (2025-05-23), Almirall's current stock price is €10.34. Almirall's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €8.65. Almirall's Cyclically Adjusted PB Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Almirall was 2.68. The lowest was 0.90. And the median was 1.47.


Almirall Cyclically Adjusted Book per Share Historical Data

The historical data trend for Almirall'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.

Almirall Cyclically Adjusted Book per Share Chart

Almirall Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.97 7.40 8.09 8.27 8.65

Almirall Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 8.27 8.55 8.77 8.75 8.65

Competitive Comparison of Almirall's Cyclically Adjusted Book per Share

For the Drug Manufacturers - Specialty & Generic subindustry, Almirall'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.


Almirall's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

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

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


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Almirall 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, Almirall's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=6.98/124.7533*124.7533
=6.980

Current CPI (Dec. 2024) = 124.7533.

Almirall Quarterly Data

Book Value per Share CPI Adj_Book
201412 7.745 100.251 9.638
201503 8.187 99.474 10.268
201506 8.036 101.138 9.912
201509 8.091 99.559 10.139
201512 8.457 100.268 10.522
201603 8.505 98.638 10.757
201606 8.724 100.333 10.847
201609 8.843 99.737 11.061
201612 8.790 101.842 10.767
201703 8.851 100.896 10.944
201706 7.952 101.848 9.740
201709 7.709 101.524 9.473
201712 6.555 102.975 7.941
201803 6.672 102.122 8.151
201806 6.648 104.165 7.962
201809 6.917 103.818 8.312
201812 6.855 104.193 8.208
201903 7.065 103.488 8.517
201906 7.047 104.612 8.404
201909 7.343 103.905 8.816
201912 7.339 105.015 8.718
202003 7.703 103.469 9.288
202006 7.600 104.254 9.094
202009 7.559 103.521 9.109
202012 7.321 104.456 8.744
202103 7.587 104.857 9.027
202106 7.032 107.102 8.191
202109 7.120 107.669 8.250
202112 7.154 111.298 8.019
202203 0.000 115.153 0.000
202206 7.468 118.044 7.892
202212 7.268 117.650 7.707
202303 7.277 118.948 7.632
202306 7.271 120.278 7.542
202309 0.000 121.343 0.000
202312 6.996 121.300 7.195
202403 7.057 122.762 7.171
202406 6.971 124.409 6.990
202409 6.880 123.121 6.971
202412 6.980 124.753 6.980

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


Almirall  (STU:E2Z) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.34/8.65
=1.20

* 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 Almirall was 2.68. The lowest was 0.90. And the median was 1.47.


Be Aware

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


Almirall Cyclically Adjusted Book per Share Related Terms

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


Almirall Business Description

Industry
Traded in Other Exchanges
Address
Ronda General Mitre 151, Barcelona, ESP, 08022
Almirall SA is a Spain-based company engaged in development, manufacture, and selling pharmaceutical products across a range of therapeutic areas. It aims to provide treatments in areas of dermatology, respiratory, gastrointestinal, central nervous systems, and other specialties. The company operates in five segments: Sales of its own network, sales of licensees, Research and developments, Sales of Therapeutic dermatological products in the U.S., and Corporate management. The medical dermatology business in the Europe is the key driver of the company's operation. Other than Europe, the company also operates in the Americas, Asia, Africa, and Oceania through subsidiaries.

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