GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antofagasta PLC (OTCPK:ANFGF) » Definitions » Cyclically Adjusted Book per Share

Antofagasta (Antofagasta) Cyclically Adjusted Book per Share : $8.79 (As of Dec. 2023)


View and export this data going back to 2009. Start your Free Trial

What is Antofagasta 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.

Antofagasta's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was $9.080. 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 $8.79 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Antofagasta's average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 Antofagasta was 30.70% per year. The lowest was 4.20% per year. And the median was 16.50% per year.

As of today (2024-04-28), Antofagasta's current stock price is $ 27.40. Antofagasta's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was $8.79. Antofagasta's Cyclically Adjusted PB Ratio of today is 3.12.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Antofagasta was 3.54. The lowest was 0.92. And the median was 2.13.


Antofagasta Cyclically Adjusted Book per Share Historical Data

The historical data trend for Antofagasta'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.

Antofagasta Cyclically Adjusted Book per Share Chart

Antofagasta 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 6.77 7.13 7.69 7.72 8.79

Antofagasta Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 7.69 - 7.72 - 8.79

Competitive Comparison of Antofagasta's Cyclically Adjusted Book per Share

For the Copper subindustry, Antofagasta'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.


Antofagasta's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Antofagasta's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Antofagasta 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, Antofagasta's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_Book=Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.08/130.0000*130.0000
=9.080

Current CPI (Dec. 2023) = 130.0000.

Antofagasta Annual Data

Book Value per Share CPI Adj_Book
201412 6.262 99.900 8.149
201512 6.741 100.400 8.728
201612 6.913 102.200 8.793
201712 7.423 105.000 9.190
201812 7.465 107.100 9.061
201912 7.490 108.500 8.974
202012 7.862 109.400 9.342
202112 8.470 114.700 9.600
202212 8.751 125.300 9.079
202312 9.080 130.000 9.080

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


Antofagasta  (OTCPK:ANFGF) 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.

Antofagasta's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.40/8.79
=3.12

* 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 Antofagasta was 3.54. The lowest was 0.92. And the median was 2.13.


Be Aware

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


Antofagasta Cyclically Adjusted Book per Share Related Terms

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


Antofagasta (Antofagasta) Business Description

Industry
Traded in Other Exchanges
Address
103 Mount Street, London, GBR, W1K 2TJ
Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce significant volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. All of the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. The Los Pelambres segment drives maximum revenue.

Antofagasta (Antofagasta) Headlines

From GuruFocus

Tweedy Browne Fund Fourth Quarter 2013 Commentary

By Holly LaFon Holly LaFon 01-29-2014

Tweedy Browne Global Value Fund New Buy and Adds

By Holly LaFon Holly LaFon 01-23-2014

Charles de Vaulx's IVA Funds Newsletter May 2015

By Holly LaFon Holly LaFon 05-28-2015

Tweedy Browne Comments on Antofagasta

By Holly LaFon Holly LaFon 01-29-2014

Charles de Vaulx Purchases 4 New Holdings in Q4

By Sheila Dang Sheila Dang 03-02-2015

Charles De Vaulx Buys 4 New International Stocks in Fourth Quarter

By Holly LaFon Holly LaFon 03-03-2015

Tweedy Browne's Q3 2014 Commentary

By Vera Yuan Vera Yuan 10-24-2014

Top 5 Sells of the Tweedy Browne Global Value Fund

By Graham Griffin Graham Griffin 10-12-2020

Tweedy Browne Semi-Annual Letter to Shareholders

By Holly LaFon Holly LaFon 11-25-2014