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Alupar Investimento (BSP:ALUP3) Cyclically Adjusted Book per Share : R$6.51 (As of Dec. 2023)


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What is Alupar Investimento 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.

Alupar Investimento's adjusted book value per share for the three months ended in Dec. 2023 was R$7.736. 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 R$6.51 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Alupar Investimento's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.90% 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 Alupar Investimento was -0.90% per year. The lowest was -2.70% per year. And the median was -1.80% per year.

As of today (2024-04-27), Alupar Investimento's current stock price is R$9.26. Alupar Investimento's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$6.51. Alupar Investimento's Cyclically Adjusted PB Ratio of today is 1.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Alupar Investimento was 1.73. The lowest was 1.10. And the median was 1.34.


Alupar Investimento Cyclically Adjusted Book per Share Historical Data

The historical data trend for Alupar Investimento'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.

Alupar Investimento Cyclically Adjusted Book per Share Chart

Alupar Investimento 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 6.69 6.59 6.10 6.51

Alupar Investimento Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 6.10 6.28 6.36 6.44 6.51

Competitive Comparison of Alupar Investimento's Cyclically Adjusted Book per Share

For the Utilities - Renewable subindustry, Alupar Investimento'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.


Alupar Investimento's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alupar Investimento's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alupar Investimento 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, Alupar Investimento's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.736/156.2729*156.2729
=7.736

Current CPI (Dec. 2023) = 156.2729.

Alupar Investimento Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.672 90.447 6.344
201406 3.471 91.838 5.906
201409 3.483 92.602 5.878
201412 3.408 94.194 5.654
201503 3.532 97.799 5.644
201506 3.482 100.006 5.441
201509 3.565 101.392 5.495
201512 3.487 104.247 5.227
201603 3.561 106.979 5.202
201606 3.619 108.851 5.196
201609 3.618 109.986 5.141
201612 3.570 110.802 5.035
201703 3.643 111.869 5.089
201706 4.034 112.115 5.623
201709 4.147 112.777 5.746
201712 4.085 114.068 5.596
201803 4.153 114.868 5.650
201806 4.260 117.038 5.688
201809 4.375 117.881 5.800
201812 4.552 118.340 6.011
201903 4.975 120.124 6.472
201906 5.092 120.977 6.578
201909 5.326 121.292 6.862
201912 5.261 123.436 6.661
202003 5.475 124.092 6.895
202006 5.586 123.557 7.065
202009 5.786 125.095 7.228
202012 6.047 129.012 7.325
202103 6.407 131.660 7.605
202106 6.702 133.871 7.824
202109 6.945 137.913 7.870
202112 6.890 141.992 7.583
202203 7.450 146.537 7.945
202206 7.659 149.784 7.991
202209 7.560 147.800 7.993
202212 7.318 150.207 7.614
202303 7.554 153.352 7.698
202306 7.850 154.519 7.939
202309 7.931 155.464 7.972
202312 7.736 156.273 7.736

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


Alupar Investimento  (BSP:ALUP3) 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.

Alupar Investimento's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.26/6.51
=1.42

* 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 Alupar Investimento was 1.73. The lowest was 1.10. And the median was 1.34.


Be Aware

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


Alupar Investimento Cyclically Adjusted Book per Share Related Terms

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


Alupar Investimento (BSP:ALUP3) Business Description

Traded in Other Exchanges
Address
Rua Gomes de, Carvalho, 1996, 16 floor, Suite 161, Room A, Sao Paulo, SP, BRA, 4547-006
Alupar Investimento SA is a Brazilian company dedicated to power generation and transmission and focuses on the development and investment in infrastructure projects related to the energy sectors. The transmission segment of the company has several electric power transmission concessions. The generation segment of the company invests in activities of small and medium generation plants including hydropower plants, solar power plants, and wind farms in Brazil, Columbia, and Peru. Sources of revenue include energy transmission revenue, infrastructure revenue, revenue from the remuneration of concession assets, and revenue from energy supply. The majority of revenue comes from the remuneration of concession assets. Alupar generates the vast majority of its revenue in Brazil.

Alupar Investimento (BSP:ALUP3) Headlines

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