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Primo Water (STU:GC6) Cyclically Adjusted Book per Share : €7.89 (As of Mar. 2024)


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What is Primo Water 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.

Primo Water's adjusted book value per share for the three months ended in Mar. 2024 was €8.317. 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 €7.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Primo Water's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.60% 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 Primo Water was 9.00% per year. The lowest was -0.40% per year. And the median was 4.20% per year.

As of today (2024-06-14), Primo Water's current stock price is €21.00. Primo Water's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.89. Primo Water's Cyclically Adjusted PB Ratio of today is 2.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Primo Water was 3.26. The lowest was 0.98. And the median was 2.10.


Primo Water Cyclically Adjusted Book per Share Historical Data

The historical data trend for Primo Water'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.

Primo Water Cyclically Adjusted Book per Share Chart

Primo Water 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 5.61 5.70 6.81 7.37 7.77

Primo Water 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 7.36 7.69 7.92 7.77 7.89

Competitive Comparison of Primo Water's Cyclically Adjusted Book per Share

For the Beverages - Non-Alcoholic subindustry, Primo Water'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.


Primo Water's Cyclically Adjusted PB Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Primo Water's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Primo Water 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, Primo Water'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)
=8.317/126.2576*126.2576
=8.317

Current CPI (Mar. 2024) = 126.2576.

Primo Water Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.562 99.473 5.790
201409 4.640 99.394 5.894
201412 5.734 98.367 7.360
201503 6.170 99.789 7.807
201506 5.452 100.500 6.849
201509 5.343 100.421 6.718
201512 5.350 99.947 6.758
201603 5.660 101.054 7.072
201606 6.376 102.002 7.892
201609 6.255 101.765 7.760
201612 5.941 101.449 7.394
201703 5.650 102.634 6.950
201706 5.260 103.029 6.446
201709 5.213 103.345 6.369
201712 5.328 103.345 6.509
201803 7.313 105.004 8.793
201806 7.606 105.557 9.098
201809 7.534 105.636 9.005
201812 7.554 105.399 9.049
201903 7.492 106.979 8.842
201906 7.493 107.690 8.785
201909 7.699 107.611 9.033
201912 7.786 107.769 9.122
202003 8.384 107.927 9.808
202006 7.482 108.401 8.714
202009 7.217 108.164 8.424
202012 6.902 108.559 8.027
202103 6.982 110.298 7.992
202106 6.810 111.720 7.696
202109 6.972 112.905 7.797
202112 7.269 113.774 8.067
202203 7.354 117.646 7.892
202206 7.492 120.806 7.830
202209 7.949 120.648 8.319
202212 7.581 120.964 7.913
202303 7.369 122.702 7.583
202306 7.337 124.203 7.458
202309 7.587 125.230 7.649
202312 8.287 125.072 8.366
202403 8.317 126.258 8.317

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


Primo Water  (STU:GC6) 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.

Primo Water's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.00/7.89
=2.66

* 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 Primo Water was 3.26. The lowest was 0.98. And the median was 2.10.


Be Aware

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


Primo Water Cyclically Adjusted Book per Share Related Terms

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


Primo Water (STU:GC6) Business Description

Traded in Other Exchanges
Address
1200 Britannia Road East, Mississauga, ON, CAN, L4W 4T5
Primo Water is a pure-play water provider with a variety of products and services, including water delivery, exchange, refill/filtration, and water dispensers in 21 countries, mostly in North America and Europe. The firm usually initiates the customer relationship with the sale of water dispensers, and then generates recurring revenue via the water direct and exchange services (two thirds of total sales) by delivering large-format (typically three gallons or greater) water bottles to residential and commercial customers for use atop or inside the dispensers. Primo generates 75% of revenue and all its profits in North America, while its European operation has yet to turn a profit.

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