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SWZCF (Swisscom AG) Cyclically Adjusted Book per Share : $203.54 (As of Mar. 2025)


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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. 2025 was $275.232. 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 $203.54 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Swisscom AG's average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 2.50% per year.

As of today (2025-06-25), Swisscom AG's current stock price is $681.5747. Swisscom AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $203.54. Swisscom AG's Cyclically Adjusted PB Ratio of today is 3.35.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Swisscom AG was 5.63. The lowest was 2.85. And the median was 4.18.


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 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 137.24 145.05 159.96 191.71 193.36

Swisscom AG 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 185.51 188.40 204.08 193.36 203.54

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.


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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. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=275.232/107.7224*107.7224
=275.232

Current CPI (Mar. 2025) = 107.7224.

Swisscom AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 101.896 100.464 109.258
201509 98.576 99.785 106.417
201512 101.594 99.386 110.115
201603 96.692 99.475 104.709
201606 84.767 100.088 91.233
201609 90.194 99.604 97.545
201612 123.360 99.380 133.716
201703 132.909 100.040 143.116
201706 130.370 100.285 140.038
201709 143.564 100.254 154.260
201712 149.740 100.213 160.961
201803 171.254 100.836 182.950
201806 150.105 101.435 159.409
201809 166.049 101.246 176.672
201812 160.035 100.906 170.846
201903 161.824 101.571 171.625
201906 154.122 102.044 162.699
201909 155.646 101.396 165.358
201912 174.300 101.063 185.785
202003 182.196 101.048 194.231
202006 167.190 100.743 178.773
202009 181.881 100.585 194.788
202012 206.211 100.241 221.602
202103 217.189 100.800 232.105
202106 213.882 101.352 227.325
202109 220.447 101.533 233.886
202112 226.600 101.776 239.841
202203 233.857 103.205 244.093
202206 207.289 104.783 213.104
202209 213.463 104.835 219.343
202212 231.419 104.666 238.176
202303 243.874 106.245 247.266
202306 234.207 106.576 236.727
202309 243.557 106.570 246.192
202312 259.362 106.461 262.435
202403 264.603 107.355 265.509
202406 250.018 107.991 249.396
202409 271.290 107.468 271.932
202412 263.171 107.128 264.631
202503 275.232 107.722 275.232

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
=681.5747/203.54
=3.35

* 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 Swisscom AG was 5.63. The lowest was 2.85. And the median was 4.18.


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 Business Description

Address
Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, 3050
Swisscom AG is the incumbent telecom operator in Switzerland, with very 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. In 2024, Swisscom decided to merge its Italian business, Fastweb, with Vodafone Italia.

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