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Ferro (WAR:FRO) Cyclically Adjusted Book per Share : zł18.12 (As of Sep. 2024)


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What is Ferro 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.

Ferro's adjusted book value per share for the three months ended in Sep. 2024 was zł20.584. 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 zł18.12 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Ferro's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.30% 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 Ferro was 17.30% per year. The lowest was 15.50% per year. And the median was 16.40% per year.

As of today (2025-05-27), Ferro's current stock price is zł34.40. Ferro's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was zł18.12. Ferro's Cyclically Adjusted PB Ratio of today is 1.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ferro was 3.63. The lowest was 1.10. And the median was 1.89.


Ferro Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ferro'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.

Ferro Cyclically Adjusted Book per Share Chart

Ferro 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 9.83 10.47 12.18 15.14 16.89

Ferro Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 16.50 16.89 17.25 17.65 18.12

Competitive Comparison of Ferro's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Ferro'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.


Ferro's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ferro's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Ferro 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, Ferro's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=20.584/153.4391*153.4391
=20.584

Current CPI (Sep. 2024) = 153.4391.

Ferro Quarterly Data

Book Value per Share CPI Adj_Book
201412 8.603 100.122 13.184
201503 8.945 100.041 13.720
201506 8.471 100.448 12.940
201509 8.913 99.634 13.726
201512 9.134 99.471 14.090
201603 9.519 98.983 14.756
201606 9.389 99.552 14.471
201609 9.661 99.064 14.964
201612 10.058 100.366 15.377
201703 10.245 101.018 15.561
201706 9.736 101.180 14.765
201709 10.517 101.343 15.923
201712 9.335 102.564 13.965
201803 10.100 102.564 15.110
201806 10.221 103.378 15.171
201809 10.672 103.378 15.840
201812 10.978 103.785 16.230
201903 11.597 104.274 17.065
201906 10.955 105.983 15.860
201909 11.751 105.983 17.013
201912 11.783 107.123 16.878
202003 12.497 109.076 17.580
202006 13.085 109.402 18.352
202009 13.825 109.320 19.404
202012 14.744 109.565 20.648
202103 15.753 112.658 21.455
202106 16.200 113.960 21.812
202109 17.491 115.588 23.219
202112 18.188 119.088 23.434
202203 19.517 125.031 23.952
202206 18.813 131.705 21.917
202209 19.990 135.531 22.631
202212 20.663 139.113 22.791
202303 21.755 145.950 22.871
202306 20.174 147.009 21.056
202309 21.324 146.113 22.393
202312 21.237 147.741 22.056
202403 21.705 149.044 22.345
202406 19.475 150.997 19.790
202409 20.584 153.439 20.584

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


Ferro  (WAR:FRO) 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.

Ferro's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=34.40/18.12
=1.90

* 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 Ferro was 3.63. The lowest was 1.10. And the median was 1.89.


Be Aware

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


Ferro Cyclically Adjusted Book per Share Related Terms

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


Ferro Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ferro SA (WAR:FRO) » Definitions » Cyclically Adjusted Book per Share
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Address
ul. Przemyslowa 7, Skawina, POL, 32-050
Ferro SA is a Poland based company involved in manufacturing and selling sanitary installation and heating fittings, and sanitation equipment in Central and Eastern Europe. It offers mixers, showers, sinks, bathroom accessories, shower trays and bathtubs, water valves, measurement fittings and bathroom heaters among other products.