GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » KWS SAAT SE & Co KGaA (XTER:KWS) » Definitions » Cyclically Adjusted Book per Share

KWSAT SE KGaA (XTER:KWS) Cyclically Adjusted Book per Share : €32.37 (As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is KWSAT SE KGaA 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.

KWSAT SE KGaA's adjusted book value per share for the three months ended in Mar. 2024 was €44.182. 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 €32.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KWSAT SE KGaA's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.80% 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 KWSAT SE KGaA was 10.80% per year. The lowest was 8.40% per year. And the median was 9.60% per year.

As of today (2024-09-22), KWSAT SE KGaA's current stock price is €63.50. KWSAT SE KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €32.37. KWSAT SE KGaA's Cyclically Adjusted PB Ratio of today is 1.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of KWSAT SE KGaA was 3.30. The lowest was 1.45. And the median was 2.65.


KWSAT SE KGaA Cyclically Adjusted Book per Share Historical Data

The historical data trend for KWSAT SE KGaA'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.

KWSAT SE KGaA Cyclically Adjusted Book per Share Chart

KWSAT SE KGaA Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.46 22.53 24.23 27.32 30.66

KWSAT SE KGaA 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 30.09 30.66 31.32 31.59 32.37

Competitive Comparison of KWSAT SE KGaA's Cyclically Adjusted Book per Share

For the Agricultural Inputs subindustry, KWSAT SE KGaA'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.


KWSAT SE KGaA's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, KWSAT SE KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



KWSAT SE KGaA 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, KWSAT SE KGaA'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)
=44.182/125.0381*125.0381
=44.182

Current CPI (Mar. 2024) = 125.0381.

KWSAT SE KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.082 99.543 23.969
201409 18.679 99.823 23.397
201412 16.964 99.543 21.309
201503 23.661 99.717 29.669
201506 22.153 100.417 27.585
201509 20.645 100.417 25.707
201512 18.648 99.717 23.383
201603 24.048 100.017 30.064
201606 23.198 100.717 28.800
201609 22.036 101.017 27.276
201612 21.221 101.217 26.215
201703 27.033 101.417 33.329
201706 25.287 102.117 30.963
201709 23.609 102.717 28.739
201712 21.288 102.617 25.939
201803 27.018 102.917 32.825
201806 26.635 104.017 32.018
201809 24.982 104.718 29.830
201812 24.118 104.217 28.936
201903 30.158 104.217 36.183
201906 29.117 105.718 34.438
201909 28.258 106.018 33.328
201912 26.021 105.818 30.747
202003 31.803 105.718 37.615
202006 30.132 106.618 35.338
202009 27.473 105.818 32.463
202012 24.982 105.518 29.604
202103 32.482 107.518 37.775
202106 31.931 108.486 36.803
202109 30.694 109.435 35.070
202112 28.764 110.384 32.583
202203 36.218 113.968 39.736
202206 37.755 115.760 40.781
202209 36.936 118.818 38.870
202212 33.388 119.345 34.981
202303 40.906 122.402 41.787
202306 39.123 123.140 39.726
202309 37.748 124.195 38.004
202312 34.382 123.773 34.733
202403 44.182 125.038 44.182

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


KWSAT SE KGaA  (XTER:KWS) 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.

KWSAT SE KGaA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=63.50/32.37
=1.96

* 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 KWSAT SE KGaA was 3.30. The lowest was 1.45. And the median was 2.65.


Be Aware

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


KWSAT SE KGaA Cyclically Adjusted Book per Share Related Terms

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


KWSAT SE KGaA Business Description

Industry
Address
Grimsehlstrasse 31, P.O. Box 1463, Einbeck, SN, DEU, 37555
KWS SAAT SE & Co KGaA breeds and distributes agriculture seeds internationally. The core segments of the company focus on sugarbeet, corn, cereals, and vegetables. The company works on breeding new varieties and seed multiplication to produce the best results for farmers. Plants and seeds are monitored at different stages of the lifecycle to ensure high-quality. Products, processes, and consulting are marketed to farmers as certain expertise is needed in different regions of the world. Consultants are dispersed to learn the region-specific products and help strengthen relationships with customers.
Executives
Eric Gombert Supervisory Board
Christine Coenen Supervisory Board
Nicolás Wielandt Board of Directors

KWSAT SE KGaA Headlines

No Headlines