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

Vienna Insurance Group AG (WBO:VIG) Cyclically Adjusted Book per Share : €43.94 (As of Jun. 2023)


View and export this data going back to 1994. Start your Free Trial

What is Vienna Insurance Group 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.

Vienna Insurance Group AG's adjusted book value per share data for the fiscal year that ended in Dec. 2022 was €32.999. 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 €43.94 for the trailing ten years ended in Dec. 2022.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 3.60% 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 Vienna Insurance Group AG was 5.50% per year. The lowest was 1.10% per year. And the median was 3.45% per year.

As of today (2024-04-30), Vienna Insurance Group AG's current stock price is € 29.25. Vienna Insurance Group AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2022 was €43.94. Vienna Insurance Group AG's Cyclically Adjusted PB Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Vienna Insurance Group AG was 1.42. The lowest was 0.39. And the median was 0.61.


Vienna Insurance Group AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Vienna Insurance Group 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.

Vienna Insurance Group AG Cyclically Adjusted Book per Share Chart

Vienna Insurance Group AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.50 40.03 40.19 41.81 43.94

Vienna Insurance Group AG Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 41.81 - 43.94 -

Competitive Comparison of Vienna Insurance Group AG's Cyclically Adjusted Book per Share

For the Insurance - Diversified subindustry, Vienna Insurance Group 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.


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

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

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



Vienna Insurance Group 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, Vienna Insurance Group AG's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2022 was:

Adj_Book=Book Value per Share /CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=32.999/125.5409*125.5409
=32.999

Current CPI (Dec. 2022) = 125.5409.

Vienna Insurance Group AG Annual Data

Book Value per Share CPI Adj_Book
201312 37.467 98.682 47.665
201412 36.564 99.676 46.052
201512 33.613 100.692 41.908
201612 35.658 102.092 43.848
201712 37.750 104.291 45.442
201812 35.527 106.291 41.961
201912 39.642 108.091 46.042
202012 40.334 109.321 46.318
202112 42.799 113.971 47.144
202212 32.999 125.541 32.999

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


Vienna Insurance Group AG  (WBO:VIG) 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.

Vienna Insurance Group AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.25/43.94
=0.67

* 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 Vienna Insurance Group AG was 1.42. The lowest was 0.39. And the median was 0.61.


Be Aware

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


Vienna Insurance Group AG Cyclically Adjusted Book per Share Related Terms

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


Vienna Insurance Group AG (WBO:VIG) Business Description

Address
Schottenring 30, Vienna, AUT, 1010
Vienna Insurance Group AG is a diversified insurance company that offers property and casualty, life, and health insurance products. The company maintains its goal of consolidating market leadership in Austria while taking advantage of the growth potential in Central and Eastern Europe. The company generates most of its revenue in Austria, followed by the Czech Republic and Poland. The company considers merger and acquisition investment as a component of its operational growth strategy.
Executives
Hartwig Löger Member of the Managing Board, Deputy Chairman of the Managing Board
Dr. Günter Geyer Chairman of the Supervisory Board

Vienna Insurance Group AG (WBO:VIG) Headlines

From GuruFocus

Top 5 4th Quarter Trades of Capital Financial Services, LLC

By GuruFocus Research GuruFocus Editor 01-24-2023

MCDONALD PARTNERS LLC Cuts Portfolio Down to Size in 3rd Quarter

By GuruFocus Research GuruFocus Editor 10-21-2022

Top 5 2nd Quarter Trades of Western Pacific Wealth Management, LP

By GuruFocus Research GuruFocus Editor 08-01-2022

Top 5 3rd Quarter Trades of Advisor OS, LLC

By GuruFocus Research GuruFocus Editor 11-04-2022

Fulton Bank, N.A. Buys 2, Sells 3 in 2nd Quarter

By GuruFocus Research GuruFocus Editor 07-07-2022

Top 5 4th Quarter Trades of ACAS, LLC

By GuruFocus Research GuruFocus Editor 01-27-2023