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Linamar (STU:LNR) Cyclically Adjusted Book per Share : €43.33 (As of Mar. 2024)


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What is Linamar 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.

Linamar's adjusted book value per share for the three months ended in Mar. 2024 was €60.635. 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 €43.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Linamar's average Cyclically Adjusted Book Growth Rate was 13.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 16.50% 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 Linamar was 17.80% per year. The lowest was 5.80% per year. And the median was 11.70% per year.

As of today (2024-06-04), Linamar's current stock price is €47.80. Linamar's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €43.33. Linamar's Cyclically Adjusted PB Ratio of today is 1.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Linamar was 5.31. The lowest was 0.82. And the median was 1.97.


Linamar Cyclically Adjusted Book per Share Historical Data

The historical data trend for Linamar'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.

Linamar Cyclically Adjusted Book per Share Chart

Linamar 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 22.77 24.77 31.59 37.20 42.31

Linamar 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 38.09 40.14 41.93 42.31 43.33

Competitive Comparison of Linamar's Cyclically Adjusted Book per Share

For the Auto Parts subindustry, Linamar'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.


Linamar's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Linamar's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Linamar 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, Linamar'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)
=60.635/126.2576*126.2576
=60.635

Current CPI (Mar. 2024) = 126.2576.

Linamar Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.789 99.473 20.040
201409 17.282 99.394 21.953
201412 18.053 98.367 23.172
201503 20.769 99.789 26.278
201506 21.565 100.500 27.092
201509 22.042 100.421 27.713
201512 23.200 99.947 29.307
201603 23.983 101.054 29.965
201606 25.285 102.002 31.298
201609 26.194 101.765 32.498
201612 28.209 101.449 35.107
201703 29.516 102.634 36.310
201706 29.932 103.029 36.680
201709 31.033 103.345 37.913
201712 31.520 103.345 38.508
201803 32.567 105.004 39.159
201806 35.029 105.557 41.898
201809 35.784 105.636 42.770
201812 38.069 105.399 45.603
201903 39.188 106.979 46.250
201906 40.129 107.690 47.048
201909 41.563 107.611 48.765
201912 42.214 107.769 49.456
202003 41.669 107.927 48.746
202006 41.182 108.401 47.966
202009 41.603 108.164 48.562
202012 42.686 108.559 49.645
202103 44.974 110.298 51.482
202106 46.627 111.720 52.694
202109 46.957 112.905 52.510
202112 48.581 113.774 53.911
202203 50.891 117.646 54.616
202206 53.474 120.806 55.887
202209 56.763 120.648 59.402
202212 53.972 120.964 56.334
202303 55.492 122.702 57.100
202306 57.288 124.203 58.236
202309 58.278 125.230 58.756
202312 59.075 125.072 59.635
202403 60.635 126.258 60.635

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


Linamar  (STU:LNR) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.80/43.33
=1.10

* 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 Linamar was 5.31. The lowest was 0.82. And the median was 1.97.


Be Aware

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


Linamar Cyclically Adjusted Book per Share Related Terms

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


Linamar (STU:LNR) Business Description

Industry
Traded in Other Exchanges
Address
287 Speedvale Avenue West, Guelph, ON, CAN, N1H 1C5
Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.

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