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Sopharma Trading AD (XBUL:SFT) Cyclically Adjusted Book per Share : лв2.63 (As of Sep. 2023)


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What is Sopharma Trading AD 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.

Sopharma Trading AD's adjusted book value per share for the three months ended in Sep. 2023 was лв3.455. 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 лв2.63 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Sopharma Trading AD's average Cyclically Adjusted Book Growth Rate was 7.30% 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.

As of today (2024-05-01), Sopharma Trading AD's current stock price is лв5.75. Sopharma Trading AD's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was лв2.63. Sopharma Trading AD's Cyclically Adjusted PB Ratio of today is 2.19.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sopharma Trading AD was 2.52. The lowest was 2.11. And the median was 2.32.


Sopharma Trading AD Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sopharma Trading AD'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.

Sopharma Trading AD Cyclically Adjusted Book per Share Chart

Sopharma Trading AD 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 - - - - 2.46

Sopharma Trading AD Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 2.45 2.46 2.53 2.58 2.63

Competitive Comparison of Sopharma Trading AD's Cyclically Adjusted Book per Share

For the Medical Distribution subindustry, Sopharma Trading AD'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.


Sopharma Trading AD's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sopharma Trading AD's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sopharma Trading AD 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, Sopharma Trading AD's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=3.455/129.8595*129.8595
=3.455

Current CPI (Sep. 2023) = 129.8595.

Sopharma Trading AD Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.000 98.790 0.000
201312 1.804 98.326 2.383
201403 0.000 99.695 0.000
201406 1.788 100.560 2.309
201409 1.877 100.428 2.427
201412 1.903 99.070 2.494
201503 2.012 99.621 2.623
201506 1.848 100.684 2.384
201509 1.980 100.392 2.561
201512 1.977 99.792 2.573
201603 2.083 100.470 2.692
201606 1.844 101.688 2.355
201612 1.999 101.863 2.548
201703 2.104 102.862 2.656
201706 1.857 103.349 2.333
201709 0.000 104.136 0.000
201712 1.987 104.011 2.481
201803 2.046 105.290 2.523
201806 1.805 106.317 2.205
201809 1.889 106.507 2.303
201812 1.909 105.998 2.339
201903 2.126 107.251 2.574
201906 1.881 108.070 2.260
201909 1.941 108.329 2.327
201912 2.212 108.420 2.649
202003 2.334 108.902 2.783
202006 2.068 108.767 2.469
202009 2.113 109.815 2.499
202012 2.245 109.897 2.653
202103 2.379 111.754 2.764
202106 2.423 114.631 2.745
202109 2.550 115.734 2.861
202112 2.477 117.630 2.735
202203 2.766 121.301 2.961
202206 0.000 125.017 0.000
202209 3.169 125.227 3.286
202212 2.758 125.222 2.860
202303 3.083 127.348 3.144
202306 3.325 128.729 3.354
202309 3.455 129.860 3.455

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


Sopharma Trading AD  (XBUL:SFT) 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.

Sopharma Trading AD's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.75/2.63
=2.19

* 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 Sopharma Trading AD was 2.52. The lowest was 2.11. And the median was 2.32.


Be Aware

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


Sopharma Trading AD Cyclically Adjusted Book per Share Related Terms

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


Sopharma Trading AD (XBUL:SFT) Business Description

Traded in Other Exchanges
N/A
Address
Sunrise Street, Lachezar Stanchev, 5 Sopharma, Business Towers, Building A Floor 12, Sofia, BGR, 1756
Sopharma Trading AD is a Bulgaria based company operating in the pharmaceutical sector. The company is engaged in the distribution of pharmaceutical items, including a portfolio of international brands, medicinal products, medical supplies, sanitary and hygienic materials, vitamins, nutritional supplements, cosmetics, medical equipment, and equipment. It also provides turnkey solutions for the construction of medical and hospital establishments. In addition, the group also caters logistics solutions for import, storage, and distribution of goods to end customers.

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