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ACS Actividades de Construccion y Servicios (ACS Actividades de Construccion y Servicios) Cyclically Adjusted Book per Share : $15.58 (As of Jun. 2023)


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What is ACS Actividades de Construccion y Servicios 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.

ACS Actividades de Construccion y Servicios's adjusted book value per share for the three months ended in Jun. 2023 was $22.169. 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 $15.58 for the trailing ten years ended in Jun. 2023.

During the past 12 months, ACS Actividades de Construccion y Servicios's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.20% 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 ACS Actividades de Construccion y Servicios was 9.20% per year. The lowest was 2.50% per year. And the median was 4.60% per year.

As of today (2024-04-29), ACS Actividades de Construccion y Servicios's current stock price is $41.215. ACS Actividades de Construccion y Servicios's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was $15.58. ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio of today is 2.65.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ACS Actividades de Construccion y Servicios was 3.82. The lowest was 1.22. And the median was 2.47.


ACS Actividades de Construccion y Servicios Cyclically Adjusted Book per Share Historical Data

The historical data trend for ACS Actividades de Construccion y Servicios'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.

ACS Actividades de Construccion y Servicios Cyclically Adjusted Book per Share Chart

ACS Actividades de Construccion y Servicios Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.94 11.97 13.60 14.32 15.14

ACS Actividades de Construccion y Servicios Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 14.83 13.38 15.14 15.74 15.58

Competitive Comparison of ACS Actividades de Construccion y Servicios's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, ACS Actividades de Construccion y Servicios'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.


ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio falls into.



ACS Actividades de Construccion y Servicios 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, ACS Actividades de Construccion y Servicios's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book= Book Value per Share /CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=22.169/120.2784*120.2784
=22.169

Current CPI (Jun. 2023) = 120.2784.

ACS Actividades de Construccion y Servicios Quarterly Data

Book Value per Share CPI Adj_Book
201309 13.953 100.597 16.683
201312 14.353 101.306 17.041
201403 15.288 100.139 18.363
201406 13.800 101.081 16.421
201409 13.539 100.441 16.213
201412 12.154 100.251 14.582
201503 12.705 99.474 15.362
201506 12.805 101.138 15.228
201509 13.083 99.559 15.806
201512 12.228 100.268 14.668
201603 11.417 98.638 13.922
201606 11.596 100.333 13.901
201609 12.099 99.737 14.591
201612 12.163 101.842 14.365
201703 13.428 100.896 16.008
201706 13.269 101.848 15.670
201709 14.545 101.524 17.232
201712 8.005 102.975 9.350
201803 10.209 102.122 12.024
201806 8.475 104.165 9.786
201809 9.876 103.818 11.442
201812 16.051 104.193 18.529
201903 16.380 103.488 19.038
201906 14.859 104.612 17.084
201909 15.780 103.905 18.267
201912 16.197 105.015 18.551
202003 14.938 103.469 17.365
202006 13.832 104.254 15.958
202009 14.833 103.521 17.234
202012 15.107 104.456 17.395
202103 15.575 104.857 17.866
202106 14.958 107.102 16.798
202109 14.114 107.669 15.767
202112 25.953 111.298 28.047
202203 26.169 115.153 27.334
202206 23.781 118.044 24.231
202209 21.825 117.221 22.394
202212 22.754 117.650 23.262
202303 22.742 118.948 22.996
202306 22.169 120.278 22.169

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


ACS Actividades de Construccion y Servicios  (OTCPK:ACSAF) 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.

ACS Actividades de Construccion y Servicios's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.215/15.58
=2.65

* 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 ACS Actividades de Construccion y Servicios was 3.82. The lowest was 1.22. And the median was 2.47.


Be Aware

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


ACS Actividades de Construccion y Servicios Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of ACS Actividades de Construccion y Servicios's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


ACS Actividades de Construccion y Servicios (ACS Actividades de Construccion y Servicios) Business Description

Address
Avenida Pío XII n 102, Madrid, ESP, 28036
ACS Actividades de Construccion y Servicios SA completes construction and service activities for infrastructure and energy projects. In addition to infrastructure-related developments, the company constructs buildings and projects related to the mining sector. It has four operating segments: construction (majority of total revenue), Concessions, Services (which offers comprehensive maintenance services for buildings, public places and organisations) and corporate. Its services revolve around industrial engineering and operating energy, industrial, and mobility infrastructures. Additional sales are generated from aftermarket services and contracts to perform upkeep on existing structures. Approximately half of total revenue derives from the Americas.

ACS Actividades de Construccion y Servicios (ACS Actividades de Construccion y Servicios) Headlines

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