GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NCC AB (STU:NCGB) » Definitions » Cyclically Adjusted Book per Share

NCC AB (STU:NCGB) Cyclically Adjusted Book per Share : €5.78 (As of Mar. 2025)


View and export this data going back to . Start your Free Trial

What is NCC AB 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.

NCC AB's adjusted book value per share for the three months ended in Mar. 2025 was €7.438. 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 €5.78 for the trailing ten years ended in Mar. 2025.

During the past 12 months, NCC AB's average Cyclically Adjusted Book Growth Rate was -2.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 NCC AB was 3.00% per year. The lowest was -5.10% per year. And the median was -0.85% per year.

As of today (2025-05-29), NCC AB's current stock price is €16.68. NCC AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €5.78. NCC AB's Cyclically Adjusted PB Ratio of today is 2.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NCC AB was 3.57. The lowest was 1.41. And the median was 2.35.


NCC AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for NCC AB'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.

NCC AB Cyclically Adjusted Book per Share Chart

NCC AB 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 5.88 5.63 5.08 5.81 5.49

NCC AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.42 5.59 5.56 5.49 5.78

Competitive Comparison of NCC AB's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, NCC AB'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.


NCC AB's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, NCC AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

NCC AB 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, NCC AB's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=7.438/132.8245*132.8245
=7.438

Current CPI (Mar. 2025) = 132.8245.

NCC AB Quarterly Data

Book Value per Share CPI Adj_Book
201506 7.617 99.995 10.118
201509 7.825 100.228 10.370
201512 9.710 100.276 12.862
201603 9.290 100.751 12.247
201606 4.548 101.019 5.980
201609 4.565 101.138 5.995
201612 5.065 102.022 6.594
201703 5.625 102.022 7.323
201706 4.820 102.752 6.231
201709 5.176 103.279 6.657
201712 4.814 103.793 6.161
201803 4.482 103.962 5.726
201806 4.052 104.875 5.132
201809 2.766 105.679 3.477
201812 2.641 105.912 3.312
201903 2.368 105.886 2.970
201906 2.206 106.742 2.745
201909 2.018 107.214 2.500
201912 2.692 107.766 3.318
202003 2.364 106.563 2.947
202006 2.854 107.498 3.526
202009 3.550 107.635 4.381
202012 3.626 108.296 4.447
202103 3.789 108.360 4.644
202106 3.947 108.928 4.813
202109 4.782 110.338 5.757
202112 5.288 112.486 6.244
202203 5.035 114.825 5.824
202206 5.677 118.384 6.370
202209 6.241 122.296 6.778
202212 6.695 126.365 7.037
202303 6.527 127.042 6.824
202306 6.537 129.407 6.710
202309 6.911 130.224 7.049
202312 6.704 131.912 6.750
202403 6.698 132.205 6.729
202406 6.495 132.716 6.500
202409 6.564 132.304 6.590
202412 7.701 132.987 7.692
202503 7.438 132.825 7.438

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


NCC AB  (STU:NCGB) 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.

NCC AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.68/5.78
=2.89

* 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 NCC AB was 3.57. The lowest was 1.41. And the median was 2.35.


Be Aware

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


NCC AB Cyclically Adjusted Book per Share Related Terms

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


NCC AB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NCC AB (STU:NCGB) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
Herrjarva Torg 4, Solna, SWE, SE-170 80
NCC AB is a construction and property development company in the Nordic region. The business operations of the company are divided into five operating segments namely, NCC Infrastructure, NCC Building Sweden, NCC Building Nordics, NCC Industry, and NCC Property Development. The company derives maximum revenue from NCC Infrastructure and geographically from Sweden. The company's projects include entire infrastructure build-outs such as tunnels, roads and railways, housing, office buildings, school and hospital construction, production of asphalt and stone materials, and commercial property development.

NCC AB Headlines

No Headlines