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Hapag-Lloyd AG (WBO:HLAG) Cyclically Adjusted Book per Share : €71.92 (As of Sep. 2024)


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What is Hapag-Lloyd AG 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.

Hapag-Lloyd AG's adjusted book value per share for the three months ended in Sep. 2024 was €105.658. 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 €71.92 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Hapag-Lloyd AG's average Cyclically Adjusted Book Growth Rate was 13.20% 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.

As of today (2025-01-19), Hapag-Lloyd AG's current stock price is €131.20. Hapag-Lloyd AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €71.92. Hapag-Lloyd AG's Cyclically Adjusted PB Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hapag-Lloyd AG was 9.83. The lowest was 1.74. And the median was 3.62.


Hapag-Lloyd AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Hapag-Lloyd AG'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.

Hapag-Lloyd AG Cyclically Adjusted Book per Share Chart

Hapag-Lloyd AG 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 - - 40.96 54.67 65.42

Hapag-Lloyd AG 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 63.50 65.42 67.30 69.74 71.92

Competitive Comparison of Hapag-Lloyd AG's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, Hapag-Lloyd AG'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.


Hapag-Lloyd AG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hapag-Lloyd AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hapag-Lloyd AG's Cyclically Adjusted PB Ratio falls into.



Hapag-Lloyd AG 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, Hapag-Lloyd AG'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)
=105.658/126.1978*126.1978
=105.658

Current CPI (Sep. 2024) = 126.1978.

Hapag-Lloyd AG Quarterly Data

Book Value per Share CPI Adj_Book
201412 39.272 99.543 49.788
201503 45.035 99.717 56.995
201506 39.758 100.417 49.966
201509 39.675 100.417 49.861
201512 42.201 99.717 53.408
201603 39.875 100.017 50.313
201606 39.645 100.717 49.675
201609 39.581 101.017 49.448
201612 42.337 101.217 52.786
201703 41.347 101.417 51.450
201706 33.684 102.117 41.627
201709 32.832 102.717 40.337
201712 34.398 102.617 42.302
201803 33.344 102.917 40.887
201806 34.899 104.017 42.341
201809 35.166 104.718 42.379
201812 35.552 104.217 43.050
201903 36.480 104.217 44.174
201906 35.941 105.718 42.904
201909 38.102 106.018 45.355
201912 37.589 105.818 44.829
202003 38.661 105.718 46.151
202006 37.985 106.618 44.961
202009 37.718 105.818 44.982
202012 38.161 105.518 45.640
202103 47.093 107.518 55.275
202106 51.642 108.486 60.073
202109 69.625 109.435 80.290
202112 91.882 110.384 105.046
202203 117.969 113.968 130.628
202206 116.781 115.760 127.310
202209 154.858 118.818 164.477
202212 158.702 119.345 167.815
202303 166.418 122.402 171.578
202306 108.293 123.140 110.982
202309 112.436 124.195 114.250
202312 106.342 123.773 108.425
202403 110.721 125.038 111.748
202406 104.720 125.882 104.983
202409 105.658 126.198 105.658

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


Hapag-Lloyd AG  (WBO:HLAG) 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.

Hapag-Lloyd AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=131.20/71.92
=1.82

* 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 Hapag-Lloyd AG was 9.83. The lowest was 1.74. And the median was 3.62.


Be Aware

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


Hapag-Lloyd AG Cyclically Adjusted Book per Share Related Terms

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


Hapag-Lloyd AG Business Description

Industry
Traded in Other Exchanges
Address
Ballindamm 25, Hamburg, DEU, 20095
German-listed Hapag-Lloyd AG operates global trade, shipping, inland services, and terminals assets globally. Hapag-Lloyd liner shipping, the largest contributor to group revenue and earnings, has the fifth-largest shipping capacity globally. Hapag also provides various services such as e-business solutions, inland services, and terminal operations.

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