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RWE AG (XPRA:RWE) Cyclically Adjusted Book per Share : Kč552.91 (As of Dec. 2023)


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What is RWE 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.

RWE AG's adjusted book value per share for the three months ended in Dec. 2023 was Kč1,038.690. 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 Kč552.91 for the trailing ten years ended in Dec. 2023.

During the past 12 months, RWE AG's average Cyclically Adjusted Book Growth Rate was 11.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.70% 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 RWE AG was 4.70% per year. The lowest was -2.20% per year. And the median was -0.10% per year.

As of today (2024-04-30), RWE AG's current stock price is Kč823.90. RWE AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was Kč552.91. RWE AG's Cyclically Adjusted PB Ratio of today is 1.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RWE AG was 2.13. The lowest was 0.72. And the median was 1.54.


RWE AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for RWE 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.

RWE AG Cyclically Adjusted Book per Share Chart

RWE 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 451.13 514.48 495.78 492.59 552.91

RWE 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 492.59 475.26 511.19 548.01 552.91

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

For the Utilities - Diversified subindustry, RWE 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.


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

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

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



RWE 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, RWE 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)
=1038.69/123.6675*123.6675
=1,038.690

Current CPI (Dec. 2023) = 123.6675.

RWE AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 480.269 99.543 596.666
201406 452.876 99.543 562.634
201409 431.325 99.823 534.357
201412 454.113 99.543 564.171
201503 527.332 99.717 653.992
201506 542.260 100.417 667.817
201509 446.926 100.417 550.409
201512 299.276 99.717 371.159
201603 305.642 100.017 377.917
201606 272.573 100.717 334.685
201609 221.456 101.017 271.112
201612 162.679 101.217 198.762
201703 203.511 101.417 248.161
201706 285.028 102.117 345.180
201709 304.154 102.717 366.190
201712 342.989 102.617 413.348
201803 380.052 102.917 456.679
201806 347.944 104.017 413.675
201809 461.227 104.718 544.692
201812 406.280 104.217 482.104
201903 311.311 104.217 369.411
201906 316.407 105.718 370.130
201909 655.911 106.018 765.107
201912 703.925 105.818 822.667
202003 723.702 105.718 846.580
202006 698.000 106.618 809.620
202009 705.430 105.818 824.426
202012 668.604 105.518 783.609
202103 750.051 107.518 862.712
202106 729.430 108.486 831.508
202109 556.750 109.435 629.159
202112 569.370 110.384 637.890
202203 352.496 113.968 382.496
202206 284.294 115.760 303.713
202209 -54.097 118.818 -56.305
202212 989.976 119.345 1,025.832
202303 1,021.764 122.402 1,032.325
202306 1,033.269 123.140 1,037.692
202309 1,113.540 124.195 1,108.814
202312 1,038.690 123.668 1,038.690

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


RWE AG  (XPRA:RWE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=823.90/552.91
=1.49

* 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 RWE AG was 2.13. The lowest was 0.72. And the median was 1.54.


Be Aware

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


RWE AG Cyclically Adjusted Book per Share Related Terms

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


RWE AG (XPRA:RWE) Business Description

Industry
Address
RWE Platz 1, Essen, NW, DEU, 45141
Since the deal with E.On, RWE is refocused on power generation, mostly in Europe. It owns 38 gigawatts of power generation capacity: 28% from lignite and hard coal plants, 37% from gas plants, 40% from renewables including pumped storage and batteries. Besides Germany, RWE's power plants are chiefly located in the United Kingdom, the Netherlands, Turkey, and the United States for many onshore wind farms.

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