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CEWE Stiftung KGaA (WBO:CWC) Cyclically Adjusted Book per Share : €40.82 (As of Mar. 2024)


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What is CEWE Stiftung KGaA 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.

CEWE Stiftung KGaA's adjusted book value per share for the three months ended in Mar. 2024 was €55.833. 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 €40.82 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CEWE Stiftung KGaA's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.20% 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 CEWE Stiftung KGaA was 14.20% per year. The lowest was 8.40% per year. And the median was 11.60% per year.

As of today (2024-05-26), CEWE Stiftung KGaA's current stock price is €103.80. CEWE Stiftung KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €40.82. CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio of today is 2.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CEWE Stiftung KGaA was 4.90. The lowest was 2.16. And the median was 3.54.


CEWE Stiftung KGaA Cyclically Adjusted Book per Share Historical Data

The historical data trend for CEWE Stiftung KGaA'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.

CEWE Stiftung KGaA Cyclically Adjusted Book per Share Chart

CEWE Stiftung KGaA 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 24.60 26.61 29.85 35.28 39.27

CEWE Stiftung KGaA 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 36.79 37.84 38.94 39.27 40.82

Competitive Comparison of CEWE Stiftung KGaA's Cyclically Adjusted Book per Share

For the Personal Services subindustry, CEWE Stiftung KGaA'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.


CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CEWE Stiftung KGaA 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, CEWE Stiftung KGaA'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)
=55.833/125.0381*125.0381
=55.833

Current CPI (Mar. 2024) = 125.0381.

CEWE Stiftung KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.398 99.543 25.622
201409 20.765 99.823 26.010
201412 24.395 99.543 30.643
201503 24.126 99.717 30.252
201506 22.200 100.417 27.643
201509 22.541 100.417 28.068
201512 26.126 99.717 32.760
201603 26.298 100.017 32.877
201606 24.059 100.717 29.869
201609 24.818 101.017 30.720
201612 28.480 101.217 35.183
201703 28.813 101.417 35.524
201706 26.977 102.117 33.032
201709 27.359 102.717 33.304
201712 31.426 102.617 38.292
201803 32.374 102.917 39.332
201806 29.999 104.017 36.061
201809 30.394 104.718 36.292
201812 35.388 104.217 42.458
201903 35.479 104.217 42.567
201906 32.786 105.718 38.778
201909 33.004 106.018 38.925
201912 37.393 105.818 44.185
202003 36.523 105.718 43.198
202006 36.632 106.618 42.961
202009 36.437 105.818 43.055
202012 41.753 105.518 49.477
202103 42.631 107.518 49.578
202106 40.368 108.486 46.527
202109 39.904 109.435 45.594
202112 46.701 110.384 52.901
202203 44.834 113.968 49.189
202206 43.041 115.760 46.491
202209 43.717 118.818 46.006
202212 51.253 119.345 53.698
202303 51.665 122.402 52.778
202306 48.728 123.140 49.479
202309 48.196 124.195 48.523
202312 55.662 123.773 56.231
202403 55.833 125.038 55.833

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


CEWE Stiftung KGaA  (WBO:CWC) 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.

CEWE Stiftung KGaA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=103.80/40.82
=2.54

* 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 CEWE Stiftung KGaA was 4.90. The lowest was 2.16. And the median was 3.54.


Be Aware

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


CEWE Stiftung KGaA Cyclically Adjusted Book per Share Related Terms

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


CEWE Stiftung KGaA (WBO:CWC) Business Description

Address
Meerweg 30 - 32, Oldenburg, NI, DEU, 26133
CEWE Stiftung & Co KGaA is a German-based company which provides photo service, photo retail business, and commercial online printing. The company operates a business through three segments through photofinishing, retail, and commercial online printing. Its Photofinishing segment works on the printing of photos of analogue or digital origin. Retail unit trades photo hardware and photo products to end consumers using various brands such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates through online printing portals, such as www.cewe-print.de and others. The company derives it's majority of the revenue from photofinishing activity in Germany.

CEWE Stiftung KGaA (WBO:CWC) Headlines

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