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Microsoft (XBUL:MSF) Cyclically Adjusted Book per Share : лв19.53 (As of Mar. 2025)


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What is Microsoft 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.

Microsoft's adjusted book value per share for the three months ended in Mar. 2025 was лв75.085. 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 лв19.53 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Microsoft's average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 11.60% 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 Microsoft was 43.00% per year. The lowest was 2.50% per year. And the median was 11.60% per year.

As of today (2025-05-29), Microsoft's current stock price is лв401.40. Microsoft's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was лв19.53. Microsoft's Cyclically Adjusted PB Ratio of today is 20.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Microsoft was 26.78. The lowest was 6.20. And the median was 16.08.


Microsoft Cyclically Adjusted Book per Share Historical Data

The historical data trend for Microsoft'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.

Microsoft Cyclically Adjusted Book per Share Chart

Microsoft Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 16.96

Microsoft Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - 16.96 17.65 20.01 19.53

Competitive Comparison of Microsoft's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Microsoft'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.


Microsoft's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Microsoft's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Microsoft 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, Microsoft's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=75.085/134.9266*134.9266
=75.085

Current CPI (Mar. 2025) = 134.9266.

Microsoft Quarterly Data

Book Value per Share CPI Adj_Book
201506 17.300 100.684 23.184
201509 16.816 100.392 22.601
201512 16.800 99.792 22.715
201603 16.483 100.470 22.136
201606 15.990 101.688 21.217
201609 15.677 101.861 20.766
201612 15.436 101.863 20.446
201703 15.657 102.862 20.538
201706 19.732 103.349 25.761
201709 20.137 104.136 26.091
201712 17.636 104.011 22.878
201803 17.868 105.290 22.898
201806 18.684 106.317 23.712
201809 19.411 106.507 24.591
201812 20.794 105.998 26.469
201903 21.459 107.251 26.997
201906 23.217 108.070 28.987
201909 24.092 108.329 30.007
201912 25.087 108.420 31.220
202003 26.160 108.902 32.412
202006 27.097 108.767 33.614
202009 28.288 109.815 34.757
202012 29.928 109.897 36.744
202103 30.959 111.754 37.378
202106 32.746 114.631 38.544
202109 35.092 115.734 40.911
202112 36.996 117.630 42.436
202203 37.755 121.301 41.996
202206 38.692 125.017 41.759
202209 40.362 125.227 43.488
202212 42.644 125.222 45.949
202303 45.394 127.348 48.096
202306 48.117 128.729 50.434
202309 51.505 129.860 53.515
202312 55.597 129.419 57.963
202403 59.064 131.776 60.476
202406 62.625 132.554 63.746
202409 67.097 133.029 68.054
202412 70.596 133.157 71.534
202503 75.085 134.927 75.085

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


Microsoft  (XBUL:MSF) 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.

Microsoft's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=401.40/19.53
=20.55

* 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 Microsoft was 26.78. The lowest was 6.20. And the median was 16.08.


Be Aware

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


Microsoft Cyclically Adjusted Book per Share Related Terms

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


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Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).

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