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WashTec AG (XTER:WSU) Cyclically Adjusted Book per Share : €7.43 (As of Mar. 2024)


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What is WashTec 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.

WashTec AG's adjusted book value per share for the three months ended in Mar. 2024 was €6.662. 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 €7.43 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.70% 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 WashTec AG was 4.30% per year. The lowest was 1.10% per year. And the median was 2.80% per year.

As of today (2024-06-01), WashTec AG's current stock price is €40.30. WashTec AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.43. WashTec AG's Cyclically Adjusted PB Ratio of today is 5.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of WashTec AG was 13.74. The lowest was 4.07. And the median was 7.35.


WashTec AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for WashTec 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.

WashTec AG Cyclically Adjusted Book per Share Chart

WashTec 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 6.62 6.31 6.83 7.29 7.37

WashTec AG 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 7.33 7.34 7.37 7.37 7.43

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

For the Specialty Industrial Machinery subindustry, WashTec 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.


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

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

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



WashTec 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, WashTec 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)
=6.662/125.0381*125.0381
=6.662

Current CPI (Mar. 2024) = 125.0381.

WashTec AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.938 99.543 7.459
201409 6.247 99.823 7.825
201412 6.526 99.543 8.197
201503 6.759 99.717 8.475
201506 5.547 100.417 6.907
201509 5.301 100.417 6.601
201512 5.998 99.717 7.521
201603 6.152 100.017 7.691
201606 5.024 100.717 6.237
201609 5.518 101.017 6.830
201612 6.532 101.217 8.069
201703 7.167 101.417 8.836
201706 5.651 102.117 6.919
201709 6.268 102.717 7.630
201712 7.038 102.617 8.576
201803 7.160 102.917 8.699
201806 5.416 104.017 6.511
201809 6.168 104.718 7.365
201812 7.129 104.217 8.553
201903 7.192 104.217 8.629
201906 4.969 105.718 5.877
201909 5.543 106.018 6.537
201912 6.313 105.818 7.460
202003 6.232 105.718 7.371
202006 6.426 106.618 7.536
202009 6.766 105.818 7.995
202012 7.192 105.518 8.523
202103 7.417 107.518 8.626
202106 5.840 108.486 6.731
202109 6.686 109.435 7.639
202112 7.357 110.384 8.334
202203 7.578 113.968 8.314
202206 5.252 115.760 5.673
202209 5.838 118.818 6.144
202212 6.585 119.345 6.899
202303 6.801 122.402 6.947
202306 5.089 123.140 5.167
202309 5.666 124.195 5.704
202312 6.409 123.773 6.475
202403 6.662 125.038 6.662

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


WashTec AG  (XTER:WSU) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=40.30/7.43
=5.42

* 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 WashTec AG was 13.74. The lowest was 4.07. And the median was 7.35.


Be Aware

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


WashTec AG Cyclically Adjusted Book per Share Related Terms

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


WashTec AG (XTER:WSU) Business Description

Industry
Traded in Other Exchanges
Address
Argonstrasse 7, Augsburg, DEU, 86153
WashTec AG is a German holding company, which through its subsidiary provides industrial products. The core activity is that of developing car wash products and equipment and is performed by WashTec Cleaning Technology GmbH, which is one of its subsidiaries. The key products of WashTec are manufactured which include portal washing systems, water recovery, washing lines, and consumables such as washing chemicals, wash brushes, moreover spare parts.
Executives
Sebastian Kutz Board of Directors
Andreas Pabst Board of Directors
Peter Wiedemann Supervisory Board
Dr. Alexander Selent Supervisory Board
Dr. Kerstin Reden Board of Directors

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