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Danaher (WBO:DHRC) Cyclically Adjusted Book per Share : €54.71 (As of Dec. 2024)


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What is Danaher 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.

Danaher's adjusted book value per share for the three months ended in Dec. 2024 was €65.796. 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 €54.71 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Danaher's average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.20% 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 Danaher was 21.60% per year. The lowest was 9.50% per year. And the median was 16.30% per year.

As of today (2025-03-03), Danaher's current stock price is €200.25. Danaher's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €54.71. Danaher's Cyclically Adjusted PB Ratio of today is 3.66.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Danaher was 7.45. The lowest was 2.55. And the median was 3.97.


Danaher Cyclically Adjusted Book per Share Historical Data

The historical data trend for Danaher'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.

Danaher Cyclically Adjusted Book per Share Chart

Danaher 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 30.10 36.96 45.09 48.26 54.71

Danaher Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 48.26 50.70 52.37 50.13 54.71

Competitive Comparison of Danaher's Cyclically Adjusted Book per Share

For the Diagnostics & Research subindustry, Danaher'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.


Danaher's Cyclically Adjusted PB Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Danaher's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



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

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=65.796/133.1571*133.1571
=65.796

Current CPI (Dec. 2024) = 133.1571.

Danaher Quarterly Data

Book Value per Share CPI Adj_Book
201503 30.453 99.621 40.705
201506 31.419 100.684 41.552
201509 30.055 100.392 39.864
201512 31.665 99.792 42.252
201603 31.956 100.470 42.352
201606 32.281 101.688 42.271
201609 29.878 101.861 39.058
201612 31.503 101.863 41.181
201703 32.041 102.862 41.478
201706 31.503 103.349 40.589
201709 30.611 104.136 39.142
201712 31.973 104.011 40.932
201803 31.569 105.290 39.925
201806 33.291 106.317 41.696
201809 33.841 106.507 42.309
201812 35.354 105.998 44.413
201903 37.038 107.251 45.985
201906 37.756 108.070 46.521
201909 39.069 108.329 48.023
201912 37.101 108.420 45.566
202003 38.245 108.902 46.763
202006 41.312 108.767 50.576
202009 41.468 109.815 50.282
202012 42.196 109.897 51.127
202103 43.762 111.754 52.143
202106 45.916 114.631 53.337
202109 47.803 115.734 54.999
202112 51.861 117.630 58.707
202203 54.642 121.301 59.983
202206 58.427 125.017 62.231
202209 62.880 125.227 66.862
202212 62.753 125.222 66.730
202303 63.799 127.348 66.709
202306 64.664 128.729 66.889
202309 66.457 129.860 68.145
202312 66.351 129.419 68.267
202403 66.388 131.776 67.084
202406 64.025 132.554 64.316
202409 63.998 133.029 64.060
202412 65.796 133.157 65.796

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


Danaher  (WBO:DHRC) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=200.25/54.71
=3.66

* 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 Danaher was 7.45. The lowest was 2.55. And the median was 3.97.


Be Aware

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


Danaher Cyclically Adjusted Book per Share Related Terms

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


Danaher Business Description

Address
2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, USA, 20037-1701
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Then, through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in the life science and diagnostic industries after the late 2023 divestiture of its environmental and applied solutions group, Veralto.

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