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Olin (STU:OLN) Cyclically Adjusted Book per Share : €16.88 (As of Mar. 2024)


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What is Olin 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.

Olin's adjusted book value per share for the three months ended in Mar. 2024 was €16.733. 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 €16.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Olin's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 10 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 Olin was 9.10% per year. The lowest was -12.90% per year. And the median was 0.70% per year.

As of today (2024-05-26), Olin's current stock price is €50.10. Olin's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.88. Olin's Cyclically Adjusted PB Ratio of today is 2.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Olin was 4.09. The lowest was 0.65. And the median was 2.41.


Olin Cyclically Adjusted Book per Share Historical Data

The historical data trend for Olin'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.

Olin Cyclically Adjusted Book per Share Chart

Olin 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 13.17 12.16 14.34 16.19 16.11

Olin 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 16.24 16.46 16.53 16.11 16.88

Competitive Comparison of Olin's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Olin'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.


Olin's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Olin's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Olin 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, Olin'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)
=16.733/131.7762*131.7762
=16.733

Current CPI (Mar. 2024) = 131.7762.

Olin Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.528 100.560 13.796
201409 11.127 100.428 14.600
201412 10.617 99.070 14.122
201503 12.140 99.621 16.058
201506 12.097 100.684 15.833
201509 12.011 100.392 15.766
201512 13.449 99.792 17.759
201603 12.902 100.470 16.922
201606 12.561 101.688 16.278
201609 12.565 101.861 16.255
201612 13.031 101.863 16.858
201703 12.803 102.862 16.402
201706 12.091 103.349 15.417
201709 11.586 104.136 14.661
201712 13.925 104.011 17.642
201803 13.401 105.290 16.772
201806 14.163 106.317 17.555
201809 15.014 106.507 18.576
201812 15.061 105.998 18.724
201903 15.233 107.251 18.716
201906 14.925 108.070 18.199
201909 15.153 108.329 18.433
201912 13.797 108.420 16.769
202003 13.124 108.902 15.881
202006 12.313 108.767 14.918
202009 7.901 109.815 9.481
202012 7.548 109.897 9.051
202103 8.952 111.754 10.556
202106 10.732 114.631 12.337
202109 12.735 115.734 14.500
202112 14.969 117.630 16.769
202203 16.660 121.301 18.099
202206 17.572 125.017 18.522
202209 18.802 125.227 19.785
202212 18.149 125.222 19.099
202303 18.010 127.348 18.636
202306 17.840 128.729 18.262
202309 17.796 129.860 18.059
202312 17.031 129.419 17.341
202403 16.733 131.776 16.733

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


Olin  (STU:OLN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.10/16.88
=2.97

* 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 Olin was 4.09. The lowest was 0.65. And the median was 2.41.


Be Aware

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


Olin Cyclically Adjusted Book per Share Related Terms

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


Olin (STU:OLN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Olin Corp (STU:OLN) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
190 Carondelet Plaza, Suite 1530, Clayton, MO, USA, 63105
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.

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