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Schindler Holding AG (XSWX:SCHN) Cyclically Adjusted Book per Share : CHF32.47 (As of Mar. 2024)


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What is Schindler Holding 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.

Schindler Holding AG's adjusted book value per share for the three months ended in Mar. 2024 was CHF40.907. 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 CHF32.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Schindler Holding AG's average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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 Schindler Holding AG was 7.40% per year. The lowest was 5.70% per year. And the median was 6.80% per year.

As of today (2024-04-30), Schindler Holding AG's current stock price is CHF223.00. Schindler Holding AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was CHF32.47. Schindler Holding AG's Cyclically Adjusted PB Ratio of today is 6.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Schindler Holding AG was 10.90. The lowest was 4.96. And the median was 8.72.


Schindler Holding AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Schindler Holding 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.

Schindler Holding AG Cyclically Adjusted Book per Share Chart

Schindler Holding 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 24.86 25.86 27.93 30.32 32.03

Schindler Holding AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 30.32 31.15 31.63 32.03 32.47

Competitive Comparison of Schindler Holding AG's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Schindler Holding 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.


Schindler Holding AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Schindler Holding 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, Schindler Holding AG'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)
=40.907/106.4611*106.4611
=40.907

Current CPI (Mar. 2024) = 106.4611.

Schindler Holding AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 20.676 101.224 21.746
201406 22.279 101.517 23.364
201409 25.208 101.247 26.506
201412 25.702 100.704 27.171
201503 23.253 100.339 24.672
201506 22.721 100.464 24.077
201509 21.621 99.785 23.068
201512 21.296 99.386 22.812
201603 19.817 99.475 21.209
201606 21.174 100.088 22.522
201609 23.490 99.604 25.107
201612 25.762 99.380 27.598
201703 22.910 100.040 24.381
201706 24.678 100.285 26.198
201709 26.659 100.254 28.310
201712 29.516 100.213 31.356
201803 26.818 100.836 28.314
201806 29.787 101.435 31.263
201809 31.991 101.246 33.639
201812 33.930 100.906 35.798
201903 35.309 101.571 37.009
201906 33.193 102.044 34.630
201909 35.926 101.396 37.721
201912 35.154 101.063 37.032
202003 30.657 101.048 32.299
202006 32.407 100.743 34.246
202009 34.119 100.585 36.112
202012 36.184 100.241 38.429
202103 35.384 100.800 37.371
202106 38.835 101.352 40.793
202109 40.681 101.533 42.656
202112 39.975 101.776 41.815
202203 37.522 103.205 38.706
202206 37.829 104.783 38.435
202209 38.644 104.835 39.243
202212 40.300 104.666 40.991
202303 38.300 106.245 38.378
202306 40.086 106.576 40.043
202312 42.804 106.461 42.804
202403 40.907 106.461 40.907

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


Schindler Holding AG  (XSWX:SCHN) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=223.00/32.47
=6.87

* 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 Schindler Holding AG was 10.90. The lowest was 4.96. And the median was 8.72.


Be Aware

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


Schindler Holding AG Cyclically Adjusted Book per Share Related Terms

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


Schindler Holding AG (XSWX:SCHN) Business Description

Address
Seestrasse 55, Hergiswil, CHE, 6052
Switzerland-based Schindler is a top-four global supplier of elevators and escalators. The business generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing existing installations. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. Ninety percent of its business is in elevators, which are more numerous globally than escalators. Its business model is similar to that of closest competitors Otis, Kone, and TK Elevator.

Schindler Holding AG (XSWX:SCHN) Headlines

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