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Fon SE (WAR:FON) Cyclically Adjusted Book per Share : zł48.79 (As of Mar. 2024)


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What is Fon SE 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.

Fon SE's adjusted book value per share for the three months ended in Mar. 2024 was zł11.122. 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 zł48.79 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fon SE's average Cyclically Adjusted Book Growth Rate was -17.00% 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.

As of today (2024-05-16), Fon SE's current stock price is zł5.58. Fon SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was zł48.79. Fon SE's Cyclically Adjusted PB Ratio of today is 0.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fon SE was 4.20. The lowest was 0.05. And the median was 0.07.


Fon SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fon SE'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.

Fon SE Cyclically Adjusted Book per Share Chart

Fon SE Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 63.49 58.20

Fon SE Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 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 58.78 58.20 56.17 50.29 48.79

Competitive Comparison of Fon SE's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Fon SE'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.


Fon SE's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fon SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fon SE 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, Fon SE'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)
=11.122/129.4194*129.4194
=11.122

Current CPI (Mar. 2024) = 129.4194.

Fon SE Quarterly Data

Book Value per Share CPI Adj_Book
201309 72.997 98.790 95.629
201312 144.206 98.326 189.808
201403 145.679 99.695 189.115
201406 104.442 100.560 134.416
201409 76.209 100.428 98.209
201412 122.200 99.070 159.636
201503 112.115 99.621 145.650
201506 113.275 100.684 145.604
201509 58.939 100.392 75.981
201512 40.797 99.792 52.909
201603 39.371 100.470 50.715
201606 36.759 101.688 46.784
201609 35.702 101.861 45.361
201612 31.846 101.863 40.461
201703 32.367 102.862 40.724
201706 33.378 103.349 41.798
201709 33.764 104.136 41.962
201712 25.292 104.011 31.470
201803 25.953 105.290 31.901
201806 23.238 106.317 28.288
201809 18.938 106.507 23.012
201812 14.568 105.998 17.787
201903 16.186 107.251 19.532
201906 14.999 108.070 17.962
201909 14.271 108.329 17.049
202009 9.569 109.815 11.277
202012 10.413 109.897 12.263
202103 9.578 111.754 11.092
202106 9.976 114.631 11.263
202109 9.688 115.734 10.834
202112 9.387 117.630 10.328
202203 9.240 121.301 9.858
202206 8.913 125.017 9.227
202209 8.209 125.227 8.484
202212 9.230 125.222 9.539
202303 9.504 127.348 9.659
202306 10.284 128.729 10.339
202309 9.881 129.860 9.848
202312 10.923 129.419 10.923
202403 11.122 129.419 11.122

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


Fon SE  (WAR:FON) 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.

Fon SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.58/48.79
=0.11

* 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 Fon SE was 4.20. The lowest was 0.05. And the median was 0.07.


Be Aware

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


Fon SE Cyclically Adjusted Book per Share Related Terms

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


Fon SE (WAR:FON) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Harju maakondd, Kesklinna linnaosa,, Tornimäe tn 5, Tallinn, EST, 10145
Fon SE is engaged in financial activities and capital investments. The company offers medium-term cash loans to retail clients and small businesses. Geographically, it derives a majority of its revenue from Estonia.

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