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Strategic Education (STU:SQE) Cyclically Adjusted Book per Share : €46.33 (As of Mar. 2024)


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What is Strategic Education 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.

Strategic Education's adjusted book value per share for the three months ended in Mar. 2024 was €61.410. 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 €46.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Strategic Education's average Cyclically Adjusted Book Growth Rate was 15.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 25.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 28.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 18.80% 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 Strategic Education was 33.10% per year. The lowest was -0.70% per year. And the median was 13.10% per year.

As of today (2024-05-02), Strategic Education's current stock price is €109.00. Strategic Education's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €46.33. Strategic Education's Cyclically Adjusted PB Ratio of today is 2.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Strategic Education was 11.86. The lowest was 1.42. And the median was 4.73.


Strategic Education Cyclically Adjusted Book per Share Historical Data

The historical data trend for Strategic Education'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.

Strategic Education Cyclically Adjusted Book per Share Chart

Strategic Education 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 17.21 19.99 29.24 39.75 44.54

Strategic Education 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 40.45 41.69 45.16 44.54 46.33

Competitive Comparison of Strategic Education's Cyclically Adjusted Book per Share

For the Education & Training Services subindustry, Strategic Education'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.


Strategic Education's Cyclically Adjusted PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Strategic Education's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Strategic Education 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, Strategic Education'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)
=61.41/129.4194*129.4194
=61.410

Current CPI (Mar. 2024) = 129.4194.

Strategic Education Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.722 100.560 6.077
201409 5.531 100.428 7.128
201412 6.898 99.070 9.011
201503 8.956 99.621 11.635
201506 9.748 100.684 12.530
201509 10.275 100.392 13.246
201512 11.893 99.792 15.424
201603 12.730 100.470 16.398
201606 13.387 101.688 17.038
201609 13.912 101.861 17.676
201612 16.098 101.863 20.453
201703 16.633 102.862 20.927
201706 16.673 103.349 20.879
201709 16.190 104.136 20.121
201712 15.829 104.011 19.696
201803 15.666 105.290 19.256
201806 16.947 106.317 20.630
201809 55.600 106.507 67.561
201812 57.616 105.998 70.347
201903 57.460 107.251 69.337
201906 57.977 108.070 69.431
201909 59.721 108.329 71.348
201912 59.934 108.420 71.542
202003 59.447 108.902 70.647
202006 59.321 108.767 70.585
202009 59.319 109.815 69.909
202012 58.853 109.897 69.308
202103 59.152 111.754 68.502
202106 58.427 114.631 65.964
202109 58.568 115.734 65.493
202112 61.682 117.630 67.864
202203 62.719 121.301 66.917
202206 63.429 125.017 65.663
202209 66.019 125.227 68.229
202212 63.279 125.222 65.400
202303 61.165 127.348 62.160
202306 60.309 128.729 60.633
202309 61.193 129.860 60.986
202312 62.088 129.419 62.088
202403 61.410 129.419 61.410

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


Strategic Education  (STU:SQE) 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.

Strategic Education's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=109.00/46.33
=2.35

* 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 Strategic Education was 11.86. The lowest was 1.42. And the median was 4.73.


Be Aware

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


Strategic Education Cyclically Adjusted Book per Share Related Terms

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


Strategic Education (STU:SQE) Business Description

Traded in Other Exchanges
Address
2303 Dulles Station Boulevard, Herndon, VA, USA, 20171
Strategic Education Inc. is an education services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. The company operates through wholly-owned subsidiaries Strayer University and Capella University, both accredited post-secondary institutions of higher education located in the United States, as well as Torrens University, an accredited post-secondary institution of higher education located in Australia. It provide employees with access to affordable and industry relevant training, certificate, and degree programs.

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