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Marel hf (XAMS:MAREL) Cyclically Adjusted Book per Share : €1.33 (As of Jun. 2024)


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What is Marel hf 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.

Marel hf's adjusted book value per share for the three months ended in Jun. 2024 was €1.386. 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 €1.33 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Marel hf's average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.10% 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 Marel hf was 12.00% per year. The lowest was 8.00% per year. And the median was 10.85% per year.

As of today (2024-09-21), Marel hf's current stock price is €3.32. Marel hf's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €1.33. Marel hf's Cyclically Adjusted PB Ratio of today is 2.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Marel hf was 6.88. The lowest was 1.86. And the median was 3.86.


Marel hf Cyclically Adjusted Book per Share Historical Data

The historical data trend for Marel hf'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.

Marel hf Cyclically Adjusted Book per Share Chart

Marel hf 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 0.91 0.86 1.03 1.13 1.25

Marel hf 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 1.22 1.28 1.25 1.31 1.33

Competitive Comparison of Marel hf's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Marel hf'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.


Marel hf's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marel hf's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Marel hf 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, Marel hf'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)
=1.386/147.2665*147.2665
=1.386

Current CPI (Jun. 2024) = 147.2665.

Marel hf Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.585 98.734 0.873
201412 0.587 98.669 0.876
201503 0.596 99.612 0.881
201506 0.612 100.289 0.899
201509 0.617 100.607 0.903
201512 0.634 100.657 0.928
201603 0.648 101.115 0.944
201606 0.680 101.923 0.983
201609 0.717 102.457 1.031
201612 0.736 102.562 1.057
201703 0.738 102.768 1.058
201706 0.744 103.496 1.059
201709 0.763 103.871 1.082
201712 0.781 104.481 1.101
201803 0.739 105.600 1.031
201806 0.783 106.206 1.086
201809 0.785 106.727 1.083
201812 0.835 108.388 1.135
201903 0.794 108.702 1.076
201906 1.200 109.758 1.610
201909 1.246 109.922 1.669
201912 1.257 110.588 1.674
202003 1.194 111.019 1.584
202006 1.192 112.667 1.558
202009 1.224 113.772 1.584
202012 1.274 114.542 1.638
202103 1.239 115.833 1.575
202106 1.266 117.451 1.587
202109 1.291 118.723 1.601
202112 1.343 120.398 1.643
202203 1.348 123.555 1.607
202206 1.347 127.809 1.552
202209 1.375 129.810 1.560
202212 1.366 131.901 1.525
202303 1.364 135.674 1.481
202306 1.369 139.150 1.449
202309 1.395 140.147 1.466
202312 1.382 142.125 1.432
202403 1.379 144.910 1.401
202406 1.386 147.267 1.386

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


Marel hf  (XAMS:MAREL) 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.

Marel hf's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.32/1.33
=2.50

* 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 Marel hf was 6.88. The lowest was 1.86. And the median was 3.86.


Be Aware

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


Marel hf Cyclically Adjusted Book per Share Related Terms

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


Marel hf Business Description

Industry
Traded in Other Exchanges
Address
Austurhraun 9, Gardabaer, ISL, 210
Marel hf is an Iceland-based company that acts as a provider of equipment, systems and services for the poultry, fish, meat and further processing industries and is involved in the manufacturing, development, distribution and sales of solutions for these industries. The company offers systems for processing broilers, turkeys and ducks, equipment and systems for salmon and whitefish processing, both farmed and wild, onboard and ashore. In addition, it also focuses on deboning and trimming, case ready foodservice and bacon processing. The firm also provides products for portioning, coating, heat treatment and sausage making. It organizes its business in four divisions; poultry, fish, meat, and others.

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