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Resonac Holdings (STU:SWD) Cyclically Adjusted Book per Share : €16.78 (As of Mar. 2024)


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What is Resonac Holdings 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.

Resonac Holdings's adjusted book value per share for the three months ended in Mar. 2024 was €19.866. 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 €16.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Resonac Holdings's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.60% 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 Resonac Holdings was 6.80% per year. The lowest was 6.20% per year. And the median was 6.40% per year.

As of today (2024-05-27), Resonac Holdings's current stock price is €20.00. Resonac Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.78. Resonac Holdings's Cyclically Adjusted PB Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Resonac Holdings was 3.16. The lowest was 0.70. And the median was 1.12.


Resonac Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Resonac Holdings'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.

Resonac Holdings Cyclically Adjusted Book per Share Chart

Resonac Holdings 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 18.48 18.03 18.53 18.82 17.96

Resonac Holdings 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 18.28 17.14 17.44 17.96 16.78

Competitive Comparison of Resonac Holdings's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Resonac Holdings'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.


Resonac Holdings's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Resonac Holdings 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, Resonac Holdings'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)
=19.866/107.2000*107.2000
=19.866

Current CPI (Mar. 2024) = 107.2000.

Resonac Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.991 98.000 15.304
201409 14.194 98.500 15.448
201412 14.284 97.900 15.641
201503 16.146 97.900 17.680
201506 15.785 98.400 17.197
201509 15.866 98.500 17.267
201512 15.668 98.100 17.121
201603 15.786 97.900 17.286
201606 16.087 98.100 17.579
201609 17.398 98.000 19.031
201612 17.006 98.400 18.527
201703 18.189 98.100 19.876
201706 17.046 98.500 18.552
201709 17.210 98.800 18.673
201712 18.503 99.400 19.955
201803 20.480 99.200 22.132
201806 22.817 99.200 24.657
201809 24.831 99.900 26.645
201812 23.951 99.700 25.753
201903 25.514 99.700 27.433
201906 27.569 99.800 29.613
201909 28.831 100.100 30.876
201912 28.239 100.500 30.122
202003 27.315 100.300 29.194
202006 23.863 99.900 25.607
202009 23.054 99.900 24.739
202012 22.038 99.300 23.791
202103 22.515 99.900 24.160
202106 21.154 99.500 22.791
202109 21.275 100.100 22.784
202112 22.068 100.100 23.633
202203 22.532 101.100 23.891
202206 22.280 101.800 23.462
202209 22.753 103.100 23.658
202212 21.259 104.100 21.892
202303 20.467 104.400 21.016
202306 19.778 105.200 20.154
202309 19.974 106.200 20.162
202312 19.438 106.800 19.511
202403 19.866 107.200 19.866

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


Resonac Holdings  (STU:SWD) 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.

Resonac Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.00/16.78
=1.19

* 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 Resonac Holdings was 3.16. The lowest was 0.70. And the median was 1.12.


Be Aware

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


Resonac Holdings Cyclically Adjusted Book per Share Related Terms

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


Resonac Holdings (STU:SWD) Business Description

Industry
Traded in Other Exchanges
Address
1-13-9 Shibadaimon, Minato-ku, Tokyo, JPN, 105-8518
Resonac Holdings Corp manufactures and sells chemicals, aluminum, and electronics. The firm organizes itself into four segments, which are the Semiconductor and Electronic materials segment, the Mobility segment, the Chemicals segment, and the Innovations Enabling segment. Geographically the company derives sales from Japan, China, Asia excluding Japan and China, and the rest of the world. The majority of sales are derived from Japan.

Resonac Holdings (STU:SWD) Headlines

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