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BIP (Brookfield Infrastructure Partners LP) Cyclically Adjusted Book per Share : $13.90 (As of Mar. 2025)


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What is Brookfield Infrastructure Partners LP 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.

Brookfield Infrastructure Partners LP's adjusted book value per share for the three months ended in Mar. 2025 was $11.905. 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 $13.90 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Brookfield Infrastructure Partners LP's average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.00% 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 Brookfield Infrastructure Partners LP was 8.10% per year. The lowest was 5.30% per year. And the median was 6.30% per year.

As of today (2025-06-24), Brookfield Infrastructure Partners LP's current stock price is $33.15. Brookfield Infrastructure Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $13.90. Brookfield Infrastructure Partners LP's Cyclically Adjusted PB Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Brookfield Infrastructure Partners LP was 3.23. The lowest was 1.56. And the median was 2.53.


Brookfield Infrastructure Partners LP Cyclically Adjusted Book per Share Historical Data

The historical data trend for Brookfield Infrastructure Partners LP'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.

Brookfield Infrastructure Partners LP Cyclically Adjusted Book per Share Chart

Brookfield Infrastructure Partners LP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.81 13.32 13.36 14.33 13.72

Brookfield Infrastructure Partners LP Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 14.31 14.28 14.52 13.72 13.90

Competitive Comparison of Brookfield Infrastructure Partners LP's Cyclically Adjusted Book per Share

For the Utilities - Diversified subindustry, Brookfield Infrastructure Partners LP'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.


Brookfield Infrastructure Partners LP's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Brookfield Infrastructure Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Brookfield Infrastructure Partners LP's Cyclically Adjusted PB Ratio falls into.


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Brookfield Infrastructure Partners LP 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, Brookfield Infrastructure Partners LP's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=11.905/134.9266*134.9266
=11.905

Current CPI (Mar. 2025) = 134.9266.

Brookfield Infrastructure Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.811 100.684 14.488
201509 10.045 100.392 13.501
201512 11.100 99.792 15.008
201603 11.248 100.470 15.105
201606 11.433 101.688 15.170
201609 11.686 101.861 15.479
201612 12.881 101.863 17.062
201703 13.123 102.862 17.214
201706 12.435 103.349 16.234
201709 13.374 104.136 17.328
201712 13.467 104.011 17.470
201803 13.865 105.290 17.768
201806 12.811 106.317 16.258
201809 12.645 106.507 16.019
201812 13.151 105.998 16.740
201903 13.324 107.251 16.762
201906 13.055 108.070 16.299
201909 12.940 108.329 16.117
201912 13.643 108.420 16.978
202003 11.262 108.902 13.953
202006 10.784 108.767 13.378
202009 10.930 109.815 13.429
202012 12.145 109.897 14.911
202103 12.344 111.754 14.904
202106 12.675 114.631 14.919
202109 13.469 115.734 15.703
202112 15.006 117.630 17.213
202203 14.607 121.301 16.248
202206 13.897 125.017 14.999
202209 13.413 125.227 14.452
202212 13.781 125.222 14.849
202303 13.202 127.348 13.988
202306 13.456 128.729 14.104
202309 13.719 129.860 14.254
202312 13.584 129.419 14.162
202403 13.236 131.776 13.552
202406 12.657 132.554 12.884
202409 12.095 133.029 12.268
202412 12.168 133.157 12.330
202503 11.905 134.927 11.905

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


Brookfield Infrastructure Partners LP  (NYSE:BIP) 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.

Brookfield Infrastructure Partners LP's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=33.15/13.90
=2.38

* 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 Brookfield Infrastructure Partners LP was 3.23. The lowest was 1.56. And the median was 2.53.


Be Aware

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


Brookfield Infrastructure Partners LP Cyclically Adjusted Book per Share Related Terms

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


Brookfield Infrastructure Partners LP Business Description

Address
73 Front Street, 5th Floor, Hamilton, BMU, HM12
Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics that tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from USA and also has a presence in Australia, Colombia, United Kingdom, Brazil, United States of America, Chile, Peru, and other countries.