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Eastman Kodak Co (STU:KODN) Cyclically Adjusted Book per Share : €4.23 (As of Mar. 2024)


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What is Eastman Kodak Co 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.

Eastman Kodak Co's adjusted book value per share for the three months ended in Mar. 2024 was €10.950. 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 €4.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Eastman Kodak Co's average Cyclically Adjusted Book Growth Rate was 77.70% 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 Eastman Kodak Co was 23.70% per year. The lowest was -51.00% per year. And the median was -4.60% per year.

As of today (2024-06-09), Eastman Kodak Co's current stock price is €5.19. Eastman Kodak Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.23. Eastman Kodak Co's Cyclically Adjusted PB Ratio of today is 1.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Eastman Kodak Co was 90.86. The lowest was 0.70. And the median was 6.26.


Eastman Kodak Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Eastman Kodak Co'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.

Eastman Kodak Co Cyclically Adjusted Book per Share Chart

Eastman Kodak Co 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 -0.90 -0.91 -0.31 1.79 4.49

Eastman Kodak Co 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 2.47 3.18 3.94 4.49 4.23

Competitive Comparison of Eastman Kodak Co's Cyclically Adjusted Book per Share

For the Specialty Business Services subindustry, Eastman Kodak Co'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.


Eastman Kodak Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Eastman Kodak Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Eastman Kodak Co 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, Eastman Kodak Co'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)
=10.95/131.7762*131.7762
=10.950

Current CPI (Mar. 2024) = 131.7762.

Eastman Kodak Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.266 100.560 12.142
201409 9.371 100.428 12.296
201412 5.362 99.070 7.132
201503 4.896 99.621 6.476
201506 4.253 100.684 5.566
201509 3.312 100.392 4.347
201512 1.702 99.792 2.247
201603 -1.621 100.470 -2.126
201606 -1.413 101.688 -1.831
201609 -1.053 101.861 -1.362
201612 -1.632 101.863 -2.111
201703 -1.279 102.862 -1.639
201706 -1.236 103.349 -1.576
201709 -2.304 104.136 -2.916
201712 1.131 104.011 1.433
201803 0.609 105.290 0.762
201806 0.241 106.317 0.299
201809 0.361 106.507 0.447
201812 -0.062 105.998 -0.077
201903 -0.329 107.251 -0.404
201906 3.766 108.070 4.592
201909 3.603 108.329 4.383
201912 2.063 108.420 2.507
202003 -0.518 108.902 -0.627
202006 -0.610 108.767 -0.739
202009 0.967 109.815 1.160
202012 0.820 109.897 0.983
202103 1.113 111.754 1.312
202106 1.375 114.631 1.581
202109 1.557 115.734 1.773
202112 8.783 117.630 9.839
202203 8.999 121.301 9.776
202206 10.789 125.017 11.372
202209 11.505 125.227 12.107
202212 12.424 125.222 13.074
202303 12.579 127.348 13.016
202306 11.241 128.729 11.507
202309 11.303 129.860 11.470
202312 10.725 129.419 10.920
202403 10.950 131.776 10.950

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


Eastman Kodak Co  (STU:KODN) 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.

Eastman Kodak Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.19/4.23
=1.23

* 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 Eastman Kodak Co was 90.86. The lowest was 0.70. And the median was 6.26.


Be Aware

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


Eastman Kodak Co Cyclically Adjusted Book per Share Related Terms

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


Eastman Kodak Co (STU:KODN) Business Description

Industry
Traded in Other Exchanges
Address
343 State Street, Rochester, NY, USA, 14650
Eastman Kodak Co is a United States-based company. The company operates via several business segments: Traditional Printing, Digital Printing, Brand and Advanced Materials and Chemicals. The Traditional Printing segment which derives the majority of revenue offers digital and traditional products and services to various businesses, such as commercial print and book publishing, and this segment contributes over half of the total revenue. The company has a global business presence, with overseas markets accounting for a majority of revenue.

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