GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Talanx AG (WBO:TLX) » Definitions » Cyclically Adjusted Book per Share

Talanx AG (WBO:TLX) Cyclically Adjusted Book per Share : €42.93 (As of Jun. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Talanx 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.

Talanx AG's adjusted book value per share for the three months ended in Jun. 2024 was €42.737. 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 €42.93 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Talanx AG's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.90% 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 Talanx AG was 6.90% per year. The lowest was 6.90% per year. And the median was 6.90% per year.

As of today (2024-12-11), Talanx AG's current stock price is €83.55. Talanx AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €42.93. Talanx AG's Cyclically Adjusted PB Ratio of today is 1.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Talanx AG was 1.96. The lowest was 0.74. And the median was 1.07.


Talanx AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Talanx 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.

Talanx AG Cyclically Adjusted Book per Share Chart

Talanx 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 - 34.47 36.73 40.01 41.68

Talanx AG Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 41.50 41.87 41.68 42.43 42.93

Competitive Comparison of Talanx AG's Cyclically Adjusted Book per Share

For the Insurance - Diversified subindustry, Talanx 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.


Talanx AG's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Talanx AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Talanx 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, Talanx AG's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=42.737/125.8815*125.8815
=42.737

Current CPI (Jun. 2024) = 125.8815.

Talanx AG Quarterly Data

Book Value per Share CPI Adj_Book
201409 31.397 99.823 39.593
201412 31.638 99.543 40.009
201503 34.601 99.717 43.680
201506 31.733 100.417 39.780
201509 31.954 100.417 40.057
201512 32.761 99.717 41.357
201603 33.750 100.017 42.478
201606 34.229 100.717 42.781
201609 35.609 101.017 44.374
201612 35.752 101.217 44.464
201703 37.057 101.417 45.996
201706 35.475 102.117 43.731
201709 34.482 102.717 42.258
201712 34.862 102.617 42.766
201803 34.367 102.917 42.035
201806 33.988 104.017 41.132
201809 0.000 104.718 0.000
201812 34.466 104.217 41.631
201903 37.825 104.217 45.688
201906 38.042 105.718 45.298
201909 40.475 106.018 48.059
201912 40.147 105.818 47.759
202003 38.434 105.718 45.765
202006 39.977 106.618 47.200
202009 40.325 105.818 47.971
202012 41.009 105.518 48.923
202103 41.235 107.518 48.278
202106 41.306 108.486 47.929
202109 0.000 109.435 0.000
202112 34.476 110.384 39.316
202203 38.708 113.968 42.754
202206 32.556 115.760 35.402
202209 0.000 118.818 0.000
202212 34.103 119.345 35.971
202303 36.724 122.402 37.768
202306 36.688 123.140 37.505
202309 38.276 124.195 38.796
202312 40.456 123.773 41.145
202403 43.372 125.038 43.665
202406 42.737 125.882 42.737

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


Talanx AG  (WBO:TLX) 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.

Talanx AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=83.55/42.93
=1.95

* 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 Talanx AG was 1.96. The lowest was 0.74. And the median was 1.07.


Be Aware

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


Talanx AG Cyclically Adjusted Book per Share Related Terms

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


Talanx AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Talanx AG (WBO:TLX) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
HDI-Platz 1, Hannover, NI, DEU, 30659
Talanx is the third-largest insurer in Germany. It sells insurance to businesses, individuals, and also reinsures other insurers. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry as a result of a growing dissatisfaction with providers of insurance. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual. HDI started providing reinsurance services in the mid-1920s, and individual insurance in the 1950s. HDI owns three quarters of the Talanx share capital.