Alcoa (ARNC.PR.PFD) Cyclically Adjusted Book per Share : $0.00 (As of Sep. 2016)

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What is Alcoa Cyclically Adjusted Book per Share?

Note: As Cyclically Adjusted Book per Share is a main component used to calculate Cyclically Adjusted PB Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Alcoa's adjusted book value per share data for the fiscal year that ended in Dec. 2015 was $0.000. 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 $0.00 for the trailing ten years ended in Dec. 2015.

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.

As of today (2024-04-27), Alcoa's current stock price is $ 90.50. Alcoa's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2015 was $0.00. Alcoa's Cyclically Adjusted PB Ratio of today is .

Alcoa Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alcoa'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.

Alcoa Cyclically Adjusted Book per Share Chart

Alcoa Annual Data

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Cyclically Adjusted Book per Share

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Alcoa Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
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Competitive Comparison of Alcoa's Cyclically Adjusted Book per Share

For the Aluminum subindustry, Alcoa'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.

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

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

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

Alcoa Cyclically Adjusted Book per Share Calculation

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, Alcoa's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2015 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec. 2015 (Change)	*	Current CPI (Dec. 2015)
	=		/	99.7924	*	99.7924
	=	0.000

Current CPI (Dec. 2015) = 99.7924.

Alcoa does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate it.

Alcoa (AMEX:ARNC.PR.PFD) 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.

Be Aware

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

Alcoa Cyclically Adjusted Book per Share Related Terms

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

Alcoa (ARNC.PR.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcoa Inc (AMEX:ARNC.PR.PFD) » Definitions » Cyclically Adjusted Book per Share

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Traded in Other Exchanges

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Address

Website

https://www.arconic.com

Arconic Inc, formerly known as Alcoa Inc was first incorporated as the Pittsburgh Reduction Company on October 1, 1888. The Company is engaged in manufacturing and engineering lightweight metals. Its products include aluminum, titanium, and nickel, used in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The Company is also engaged in the production and management of aluminum, fabricated aluminum, and alumina combined, through its active participation in all aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. It has investments and operating activities in, among others, Australia, Brazil, China, Guinea, Iceland, Russia, and Saudi Arabia. The Company operates in segments including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's Global Rolled Products segment represents its midstream operations. The Engineered Products and Solutions segment represents a portion of the Company's downstream operations. Its downstream portfolio includes two segments Engineered Products and Solutions and Transportation and Construction Solutions. The Engineered Products and Solutions consist of Alcoa Titanium & Engineered Products; Alcoa Fastening Systems & Rings; Alcoa Forgings and Extrusions; and Alcoa Power and Propulsion. The Company's Transportation and Construction Solutions segment represents a portion of its downstream operations. The raw materials used includes bauxite, alloying materials, caustic soda, alumina, electricity, aluminum fluoride, fuel oil, calcined petroleum coke, lime (CaO), cathode blocks, natural gas, electricity, liquid pitch, natural gas, titanium alloys, titanium sponge and resin. The Company's trademark products include Howmet metal castings, Huck fasteners, Kawneer building panels and Dura-Bright wheels with easy-clean surface treatments.

Executives

Joseph S Cantie	director	C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098
Amy E Alving	director	ARCONIC INC., 390 PARK AVENUE, NEW YORK NY 10022
Tolga I Oal	director, officer: Co-Chief Executive Officer	201 ISABELLA STREET, PITTSTBURGH PA 15212
John C Plant	director, officer: Chairman and Co-CEO	C/O MASCO CORPORATION, 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jody Miller	director	225 SOUTH SIXTH STREET, 9TH FLOOR, MINNEAPOLIS MN 55402
James F Albaugh	director	C/O THE BOEING COMPANY, 100 NORTH RIVERSIDE PLAZA, CHICAGO IL 60606
Ulrich Schmidt	director	PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239
Nicole Weyerhaeuser Piasecki	director	2000 WELLS FARGO PLACE, 30 EAST 7TH STREET, SAINT PAUL MN 55101-4930
Robert F Leduc	director	UNITED TECHNOLOGIES CORP, 10 FARM SPRINGS ROAD, FARMINGTON CT 06032
David J Miller	director	C/O ELLIOTT MANAGEMENT CORPORATION, 40 WEST 57TH STREET, NEW YORK NY 10019
Neil Edward Marchuk	officer: EVP, HR	12025 TECH CENTER DRIVE, LIVONIA MI 48150
Katherine H Ramundo	officer: CLO and Corporate Secretary	C/O APTIV, 5725 INNOVATION DRIVE, TROY MI 48098
W Paul Myron	officer: Vice President and Controller	ALCOA INC., 390 PARK AVENUE, NEW YORK NY 10022-4608
Ken Giacobbe	officer: CFO	ALCOA INC., 390 PARK AVENUE, NEW YORK NY 10022-4608
Timothy Donald Myers	officer: Executive Vice President	ALCOA INC., 390 PARK AVENUE, NEW YORK NY 10022-4608