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United Parcel Service (UKEX:UPS) Cyclically Adjusted Book per Share : ₴443.50 (As of Mar. 2024)


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What is United Parcel Service 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.

United Parcel Service's adjusted book value per share for the three months ended in Mar. 2024 was ₴804.618. 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 ₴443.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United Parcel Service's average Cyclically Adjusted Book Growth Rate was 23.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 22.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -5.30% 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 United Parcel Service was 22.30% per year. The lowest was -16.10% per year. And the median was -6.40% per year.

As of today (2024-05-29), United Parcel Service's current stock price is ₴7316.00. United Parcel Service's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴443.50. United Parcel Service's Cyclically Adjusted PB Ratio of today is 16.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Parcel Service was 45.98. The lowest was 6.92. And the median was 18.37.


United Parcel Service Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Parcel Service'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.

United Parcel Service Cyclically Adjusted Book per Share Chart

United Parcel Service 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 - - - 283.23 399.23

United Parcel Service 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 274.93 319.58 391.45 399.23 443.50

Competitive Comparison of United Parcel Service's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, United Parcel Service'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.


United Parcel Service's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Parcel Service's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Parcel Service's Cyclically Adjusted PB Ratio falls into.



United Parcel Service 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, United Parcel Service'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)
=804.618/131.7762*131.7762
=804.618

Current CPI (Mar. 2024) = 131.7762.

United Parcel Service Quarterly Data

Book Value per Share CPI Adj_Book
201406 247.822 100.560 324.753
201409 252.103 100.428 330.797
201412 96.240 99.070 128.012
201503 82.580 99.621 109.235
201506 88.535 100.684 115.876
201509 88.073 100.392 115.607
201512 113.410 99.792 149.758
201603 113.068 100.470 148.299
201606 121.533 101.688 157.493
201609 127.820 101.861 165.359
201612 18.973 101.863 24.545
201703 25.074 102.862 32.122
201706 58.505 103.349 74.597
201709 71.215 104.136 90.118
201712 47.074 104.011 59.640
201803 63.471 105.290 79.438
201806 110.121 106.317 136.491
201809 146.715 106.507 181.524
201812 143.235 105.998 178.069
201903 164.000 107.251 201.503
201906 208.710 108.070 254.494
201909 263.484 108.329 320.512
201912 155.080 108.420 188.488
202003 155.944 108.902 188.700
202006 205.761 108.767 249.288
202009 263.416 109.815 316.095
202012 30.913 109.897 37.067
202103 334.342 111.754 394.242
202106 504.249 114.631 579.667
202109 563.871 115.734 642.029
202112 666.690 117.630 746.869
202203 717.789 121.301 779.775
202206 761.837 125.017 803.028
202209 798.182 125.227 839.929
202212 937.245 125.222 986.303
202303 949.182 127.348 982.189
202306 952.720 128.729 975.275
202309 915.433 129.860 928.945
202312 824.747 129.419 839.766
202403 804.618 131.776 804.618

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


United Parcel Service  (UKEX:UPS) 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.

United Parcel Service's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7316.00/443.5
=16.50

* 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 United Parcel Service was 45.98. The lowest was 6.92. And the median was 18.37.


Be Aware

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


United Parcel Service Cyclically Adjusted Book per Share Related Terms

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


United Parcel Service (UKEX:UPS) Business Description

Address
55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, USA, 30328
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder.