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Swisscom AG (Swisscom AG) Cyclically Adjusted Book per Share : $185.51 (As of Mar. 2024)


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What is Swisscom AG 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.

Swisscom AG's adjusted book value per share for the three months ended in Mar. 2024 was $264.603. 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 $185.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Swisscom AG's average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 Swisscom AG was 10.40% per year. The lowest was -4.60% per year. And the median was 1.10% per year.

As of today (2024-05-21), Swisscom AG's current stock price is $554.00. Swisscom AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $185.51. Swisscom AG's Cyclically Adjusted PB Ratio of today is 2.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Swisscom AG was 5.78. The lowest was 2.96. And the median was 4.30.


Swisscom AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Swisscom AG'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.

Swisscom AG Cyclically Adjusted Book per Share Chart

Swisscom AG 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 119.91 137.24 145.05 159.96 191.71

Swisscom AG 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 167.54 174.78 174.46 191.71 185.51

Competitive Comparison of Swisscom AG's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Swisscom AG'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.


Swisscom AG's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Swisscom AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Swisscom AG 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, Swisscom AG'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)
=264.603/107.3549*107.3549
=264.603

Current CPI (Mar. 2024) = 107.3549.

Swisscom AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 113.699 101.517 120.238
201409 109.192 101.247 115.779
201412 108.526 100.704 115.694
201503 102.354 100.339 109.511
201506 101.896 100.464 108.886
201509 98.576 99.785 106.054
201512 101.594 99.386 109.740
201603 96.689 99.475 104.348
201606 84.766 100.088 90.921
201609 90.194 99.604 97.213
201612 123.359 99.380 133.259
201703 132.908 100.040 142.626
201706 130.370 100.285 139.561
201709 143.564 100.254 153.733
201712 149.740 100.213 160.412
201803 171.254 100.836 182.326
201806 150.106 101.435 158.866
201809 166.049 101.246 176.069
201812 160.037 100.906 170.265
201903 161.825 101.571 171.040
201906 154.123 102.044 162.145
201909 155.646 101.396 164.794
201912 174.302 101.063 185.153
202003 182.198 101.048 193.571
202006 167.190 100.743 178.163
202009 181.881 100.585 194.123
202012 206.211 100.241 220.846
202103 217.189 100.800 231.313
202106 213.883 101.352 226.551
202109 220.447 101.533 233.089
202112 226.600 101.776 239.022
202203 233.858 103.205 243.261
202206 207.290 104.783 212.378
202209 213.464 104.835 218.595
202212 231.420 104.666 237.365
202303 243.875 106.245 246.423
202306 234.207 106.576 235.920
202309 243.557 106.570 245.352
202312 259.363 106.461 261.540
202403 264.603 107.355 264.603

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


Swisscom AG  (OTCPK:SWZCF) 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.

Swisscom AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=554.00/185.51
=2.99

* 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 Swisscom AG was 5.78. The lowest was 2.96. And the median was 4.30.


Be Aware

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


Swisscom AG Cyclically Adjusted Book per Share Related Terms

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


Swisscom AG (Swisscom AG) Business Description

Address
Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, CH-3050
Swisscom is the incumbent telecom operator in Switzerland, with a high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. It also owns Fastweb in Italy, which has a broadband network and operates as a wireless reseller.

Swisscom AG (Swisscom AG) Headlines

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