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ZEAL Network SE (XTER:TIMA) Cyclically Adjusted Book per Share : €18.05 (As of Sep. 2024)


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What is ZEAL Network SE 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.

ZEAL Network SE's adjusted book value per share for the three months ended in Sep. 2024 was €12.676. 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 €18.05 for the trailing ten years ended in Sep. 2024.

During the past 12 months, ZEAL Network SE's average Cyclically Adjusted Book Growth Rate was -3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.90% 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 ZEAL Network SE was 6.40% per year. The lowest was 1.90% per year. And the median was 5.10% per year.

As of today (2025-04-27), ZEAL Network SE's current stock price is €46.30. ZEAL Network SE's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €18.05. ZEAL Network SE's Cyclically Adjusted PB Ratio of today is 2.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ZEAL Network SE was 2.78. The lowest was 1.05. And the median was 1.80.


ZEAL Network SE Cyclically Adjusted Book per Share Historical Data

The historical data trend for ZEAL Network SE'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.

ZEAL Network SE Cyclically Adjusted Book per Share Chart

ZEAL Network SE 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 16.63 17.33 17.63 18.53 18.69

ZEAL Network SE Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 18.94 18.69 18.28 17.88 18.05

Competitive Comparison of ZEAL Network SE's Cyclically Adjusted Book per Share

For the Gambling subindustry, ZEAL Network SE'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.


ZEAL Network SE's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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ZEAL Network SE 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, ZEAL Network SE's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=12.676/126.1978*126.1978
=12.676

Current CPI (Sep. 2024) = 126.1978.

ZEAL Network SE Quarterly Data

Book Value per Share CPI Adj_Book
201412 13.984 99.543 17.729
201503 14.431 99.717 18.263
201506 14.108 100.417 17.730
201509 12.821 100.417 16.113
201512 11.350 99.717 14.364
201603 11.658 100.017 14.710
201606 10.674 100.717 13.374
201609 11.159 101.017 13.941
201612 11.635 101.217 14.507
201703 11.665 101.417 14.515
201706 12.304 102.117 15.205
201709 12.700 102.717 15.603
201712 12.715 102.617 15.637
201803 13.466 102.917 16.512
201806 14.043 104.017 17.038
201809 14.968 104.718 18.038
201812 14.770 104.217 17.885
201903 15.577 104.217 18.862
201906 50.178 105.718 59.899
201909 18.566 106.018 22.100
201912 17.673 105.818 21.077
202003 17.788 105.718 21.234
202006 17.012 106.618 20.136
202009 17.278 105.818 20.606
202012 17.235 105.518 20.613
202103 17.460 107.518 20.493
202106 16.697 108.486 19.423
202109 16.897 109.435 19.485
202112 16.912 110.384 19.335
202203 0.000 113.968 0.000
202206 15.258 115.760 16.634
202209 15.931 118.818 16.921
202212 15.146 119.345 16.016
202303 15.326 122.402 15.801
202306 11.815 123.140 12.108
202309 11.992 124.195 12.185
202312 11.969 123.773 12.203
202403 12.884 125.038 13.003
202406 12.442 125.882 12.473
202409 12.676 126.198 12.676

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


ZEAL Network SE  (XTER:TIMA) 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.

ZEAL Network SE's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=46.30/18.05
=2.57

* 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 ZEAL Network SE was 2.78. The lowest was 1.05. And the median was 1.80.


Be Aware

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


ZEAL Network SE Cyclically Adjusted Book per Share Related Terms

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


ZEAL Network SE Business Description

Traded in Other Exchanges
Address
Strassenbahnring 11, Hamburg, NI, DEU, 20251
ZEAL Network SE is a holding company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The German operating segment of the company are online brokerage of lotteries, the running of charity lotteries, and the operation of games, and the other segment comprises the online lottery operation for the charitable org ONCE in Spain and investment in early-stage start-ups under Zeal ventures.
Executives
Peter Steiner Supervisory Board
Dr. Helmut Wilhelm Becker Board of Directors
Sönke Martens Board of Directors
Jonas Mattsson Board of Directors
Frank Strauß Supervisory Board
Oliver Jaster Supervisory Board

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