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Wienerberger AG (WBO:WIE) Cyclically Adjusted Book per Share : €22.07 (As of Dec. 2023)


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What is Wienerberger 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.

Wienerberger AG's adjusted book value per share for the three months ended in Dec. 2023 was €25.196. 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 €22.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Wienerberger AG's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.50% 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 Wienerberger AG was 4.10% per year. The lowest was -2.50% per year. And the median was 0.05% per year.

As of today (2024-05-02), Wienerberger AG's current stock price is €33.56. Wienerberger AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €22.07. Wienerberger AG's Cyclically Adjusted PB Ratio of today is 1.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wienerberger AG was 1.81. The lowest was 0.67. And the median was 1.18.


Wienerberger AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Wienerberger 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.

Wienerberger AG Cyclically Adjusted Book per Share Chart

Wienerberger 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 20.30 19.59 19.64 21.12 22.07

Wienerberger AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 21.12 21.56 21.81 21.96 22.07

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

For the Building Materials subindustry, Wienerberger 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.


Wienerberger AG's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Wienerberger AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Wienerberger 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, Wienerberger AG's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=25.196/132.0288*132.0288
=25.196

Current CPI (Dec. 2023) = 132.0288.

Wienerberger AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 18.873 99.044 25.158
201406 19.167 99.496 25.434
201409 19.778 99.586 26.221
201412 16.837 99.676 22.302
201503 17.569 99.992 23.198
201506 17.807 100.492 23.395
201509 17.839 100.292 23.484
201512 17.409 100.692 22.827
201603 16.790 100.692 22.015
201606 16.936 101.092 22.119
201609 17.350 101.192 22.637
201612 15.639 102.092 20.225
201703 15.445 102.592 19.877
201706 15.492 102.991 19.860
201709 15.846 103.591 20.196
201712 16.141 104.291 20.434
201803 15.737 104.491 19.884
201806 16.007 105.091 20.110
201809 16.705 105.691 20.868
201812 16.895 106.291 20.986
201903 17.056 106.391 21.166
201906 17.279 106.791 21.363
201909 17.894 106.991 22.081
201912 18.304 108.091 22.358
202003 16.510 108.024 20.179
202006 16.702 107.915 20.434
202009 17.154 108.348 20.903
202012 15.573 109.321 18.808
202103 16.051 110.186 19.233
202106 16.332 110.943 19.436
202109 17.713 111.916 20.896
202112 18.711 113.971 21.676
202203 19.590 117.647 21.985
202206 21.030 120.567 23.029
202209 22.145 123.811 23.615
202212 23.114 125.541 24.309
202303 23.985 128.461 24.651
202306 24.356 130.191 24.700
202309 25.253 131.272 25.399
202312 25.196 132.029 25.196

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


Wienerberger AG  (WBO:WIE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.56/22.07
=1.52

* 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 Wienerberger AG was 1.81. The lowest was 0.67. And the median was 1.18.


Be Aware

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


Wienerberger AG Cyclically Adjusted Book per Share Related Terms

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


Wienerberger AG (WBO:WIE) Business Description

Industry
Address
Wienerbergerplatz 1, Vienna, AUT, 1100
Wienerberger AG manufactures and sells building materials to the residential construction industry. The company's product portfolio includes clay blocks, facing bricks, roof tiles, plastic and ceramic pipes, and concrete pavers, among others. The business is divided into three operating segments based on the product and geographic locations: Wienerberger Building Solutions, Wienerberger Piping Solutions, and North America. A vast majority of the company's revenue is generated by the Wienerberger Building Solutions segment, which is engaged in providing ceramic solutions for building envelope and includes concrete paver activities. The company earns most of its revenue in Europe.
Executives
Heimo Scheuch Board of Directors
Dr. Thomas Birtel Supervisory Board
Marc Grynberg Supervisory Board
Oswald Schmid Supervisory Board
Gerhard Hanke Board of Directors
Harald Schwarzmayr Board of Directors
Solveig Menard-galli Board of Directors
Peter Steiner Supervisory Board

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