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NFI Group (TSX:NFI) Cyclically Adjusted Book per Share : C$15.16 (As of Mar. 2025)


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What is NFI Group 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.

NFI Group's adjusted book value per share for the three months ended in Mar. 2025 was C$8.484. 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 C$15.16 for the trailing ten years ended in Mar. 2025.

During the past 12 months, NFI Group's average Cyclically Adjusted Book Growth Rate was -0.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -4.30% 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 NFI Group was 3.10% per year. The lowest was -12.30% per year. And the median was -4.70% per year.

As of today (2025-05-23), NFI Group's current stock price is C$14.99. NFI Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$15.16. NFI Group's Cyclically Adjusted PB Ratio of today is 0.99.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NFI Group was 3.00. The lowest was 0.48. And the median was 1.43.


NFI Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for NFI Group'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.

NFI Group Cyclically Adjusted Book per Share Chart

NFI Group 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 17.71 13.74 14.86 15.14 15.07

NFI Group 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 15.19 15.27 15.15 15.07 15.16

Competitive Comparison of NFI Group's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, NFI Group'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.


NFI Group's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NFI Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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NFI Group 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, NFI Group'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)
=8.484/129.1809*129.1809
=8.484

Current CPI (Mar. 2025) = 129.1809.

NFI Group Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.324 100.500 13.270
201509 11.329 100.421 14.573
201512 11.904 99.947 15.386
201603 11.888 101.054 15.197
201606 11.950 102.002 15.134
201609 12.540 101.765 15.918
201612 13.602 101.449 17.320
201703 14.236 102.634 17.918
201706 14.647 103.029 18.365
201709 13.909 103.345 17.386
201712 15.575 103.345 19.469
201803 16.121 105.004 19.833
201806 16.948 105.557 20.741
201809 17.003 105.636 20.793
201812 17.566 105.399 21.530
201903 17.295 106.979 20.884
201906 17.140 107.690 20.560
201909 16.370 107.611 19.651
201912 17.220 107.769 20.641
202003 16.115 107.927 19.288
202006 13.614 108.401 16.224
202009 12.742 108.164 15.218
202012 12.704 108.559 15.117
202103 14.602 110.298 17.102
202106 14.022 111.720 16.214
202109 14.048 112.905 16.073
202112 14.467 113.774 16.426
202203 13.956 117.646 15.324
202206 13.011 120.806 13.913
202209 12.293 120.648 13.162
202212 10.166 120.964 10.857
202303 9.465 122.702 9.965
202306 8.524 124.203 8.866
202309 8.033 125.230 8.286
202312 7.927 125.072 8.187
202403 7.936 126.258 8.120
202406 8.107 127.522 8.212
202409 7.963 127.285 8.082
202412 8.471 127.364 8.592
202503 8.484 129.181 8.484

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


NFI Group  (TSX:NFI) 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.

NFI Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.99/15.16
=0.99

* 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 NFI Group was 3.00. The lowest was 0.48. And the median was 1.43.


Be Aware

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


NFI Group Cyclically Adjusted Book per Share Related Terms

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


NFI Group Business Description

Industry
Traded in Other Exchanges
Address
711 Kernaghan Avenue, Winnipeg, MB, CAN, R2C 3T4
NFI Group Inc is a bus manufacturer providing a comprehensive suite of mass transportation solutions under brands: New Flyer(heavy-duty transit buses), Alexander Dennis Limited (ADL) (single and double-deck buses), Plaxton (motor coaches), MCI (motor coaches), ARBOC Specialty Vehicles, LLC (ARBOC) (low-floor cutaway and medium-duty buses) and NFI Parts (aftermarket parts sales). The Company has two reportable segments which are the Company's strategic business units: Manufacturing Operations and Aftermarket Operations. It generates majority revenue from Manufacturing Operations. Geographically, the company generates majority of its revenue from North America and rest from United Kingdom, Europe and Asia Pacific region.
Executives
Jannet Walker-ford Director
Paulo Cezar Nunes Director
Jason Michael Pellaers Senior Officer
Brian Keith Dewsnup Senior Officer
Phyllis Elaine Cochran Director
Richard Paul Davies Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Wendy Wai Ting Kei Director
Steven Allan Young Senior Officer
Michael Gavin Stewart Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Colin Robertson Director
Katherine S. Winter Director
Paul Soubry Senior Officer
Stephen King Senior Officer
Pipasu Harish Soni Senior Officer
Adam L. Gray Director

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