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Iberdrola (XMAD:IBE) Cyclically Adjusted Book per Share : €7.30 (As of Mar. 2024)


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What is Iberdrola 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.

Iberdrola's adjusted book value per share for the three months ended in Mar. 2024 was €8.475. 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 €7.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Iberdrola's average Cyclically Adjusted Book Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Iberdrola was 6.50% per year. The lowest was 1.60% per year. And the median was 3.75% per year.

As of today (2024-04-30), Iberdrola's current stock price is €11.655. Iberdrola's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.30. Iberdrola's Cyclically Adjusted PB Ratio of today is 1.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Iberdrola was 2.08. The lowest was 1.01. And the median was 1.52.


Iberdrola Cyclically Adjusted Book per Share Historical Data

The historical data trend for Iberdrola'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.

Iberdrola Cyclically Adjusted Book per Share Chart

Iberdrola 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 6.02 6.00 6.43 6.92 7.25

Iberdrola Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.04 7.15 7.25 7.25 7.30

Competitive Comparison of Iberdrola's Cyclically Adjusted Book per Share

For the Utilities - Diversified subindustry, Iberdrola'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.


Iberdrola's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Iberdrola's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Iberdrola 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, Iberdrola's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.475/121.2698*121.2698
=8.475

Current CPI (Mar. 2024) = 121.2698.

Iberdrola Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.812 101.081 6.973
201409 5.719 100.441 6.905
201412 5.688 100.251 6.881
201503 5.975 99.474 7.284
201506 6.073 101.138 7.282
201509 6.023 99.559 7.336
201512 6.017 100.268 7.277
201603 5.914 98.638 7.271
201606 5.900 100.333 7.131
201609 5.755 99.737 6.998
201612 5.998 101.842 7.142
201703 5.941 100.896 7.141
201706 5.900 101.848 7.025
201709 5.884 101.524 7.028
201712 5.939 102.975 6.994
201803 5.934 102.122 7.047
201806 6.110 104.165 7.113
201809 5.797 103.818 6.771
201812 5.862 104.193 6.823
201903 6.391 103.488 7.489
201906 5.899 104.612 6.838
201909 6.244 103.905 7.288
201912 6.086 105.015 7.028
202003 6.413 103.469 7.516
202006 5.944 104.254 6.914
202009 5.842 103.521 6.844
202012 5.754 104.456 6.680
202103 5.913 104.857 6.839
202106 5.960 107.102 6.748
202109 7.235 107.669 8.149
202112 6.478 111.298 7.058
202203 8.062 115.153 8.490
202206 7.116 118.044 7.310
202209 8.795 117.221 9.099
202212 6.651 117.650 6.856
202303 8.145 118.948 8.304
202306 8.159 120.278 8.226
202309 8.328 121.343 8.323
202312 6.932 121.270 6.932
202403 8.475 121.270 8.475

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


Iberdrola  (XMAD:IBE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.655/7.3
=1.60

* 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 Iberdrola was 2.08. The lowest was 1.01. And the median was 1.52.


Be Aware

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


Iberdrola Cyclically Adjusted Book per Share Related Terms

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


Iberdrola (XMAD:IBE) Business Description

Industry
Address
Plaza Euskadi Number 5, Biscay, Bilbao, ESP, 48009
Iberdrola is one of the largest utilities in the world with electric utility operations in nearly 40 countries. The company has a 54-gigawatt portfolio of hydro, wind, natural gas, and nuclear power plants. It is the largest owner of wind farms in the world, representing nearly 40% of its portfolio. Although the company has recently developed or acquired distribution and power generation assets in other geographic areas, Spain is still home to around 50% of its power generation capacity. Iberdrola also owns and operates electricity and distribution networks in Spain, the U.K., Brazil, and the U.S.

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