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Braskem (BSP:BRKM5) Cyclically Adjusted Book per Share : R$9.14 (As of Dec. 2023)


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What is Braskem 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.

Braskem's adjusted book value per share for the three months ended in Dec. 2023 was R$5.009. 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$9.14 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Braskem's average Cyclically Adjusted Book Growth Rate was -6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -6.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -5.60% 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 Braskem was 4.10% per year. The lowest was -78.40% per year. And the median was -6.40% per year.

As of today (2024-04-29), Braskem's current stock price is R$22.81. Braskem's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$9.14. Braskem's Cyclically Adjusted PB Ratio of today is 2.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Braskem was 6.47. The lowest was 0.52. And the median was 2.27.


Braskem Cyclically Adjusted Book per Share Historical Data

The historical data trend for Braskem'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.

Braskem Cyclically Adjusted Book per Share Chart

Braskem 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 11.37 9.70 10.30 9.15 9.14

Braskem 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 9.15 9.15 9.35 8.62 9.14

Competitive Comparison of Braskem's Cyclically Adjusted Book per Share

For the Chemicals subindustry, Braskem'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.


Braskem's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Braskem's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Braskem 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, Braskem'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)
=5.009/156.2729*156.2729
=5.009

Current CPI (Dec. 2023) = 156.2729.

Braskem Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.377 90.447 17.929
201406 10.370 91.838 17.646
201409 9.366 92.602 15.806
201412 7.215 94.194 11.970
201503 4.732 97.799 7.561
201506 6.215 100.006 9.712
201509 2.925 101.392 4.508
201512 2.049 104.247 3.072
201603 5.447 106.979 7.957
201606 7.221 108.851 10.367
201609 6.729 109.986 9.561
201612 3.442 110.802 4.855
201703 6.690 111.869 9.345
201706 8.101 112.115 11.292
201709 9.715 112.777 13.462
201712 7.905 114.068 10.830
201803 10.039 114.868 13.658
201806 7.226 117.038 9.648
201809 9.015 117.881 11.951
201812 8.208 118.340 10.839
201903 10.138 120.124 13.189
201906 11.193 120.977 14.459
201909 9.128 121.292 11.761
201912 6.139 123.436 7.772
202003 -1.257 124.092 -1.583
202006 -4.246 123.557 -5.370
202009 -5.611 125.095 -7.009
202012 -2.768 129.012 -3.353
202103 0.540 131.660 0.641
202106 10.879 133.871 12.700
202109 15.284 137.913 17.319
202112 9.881 141.992 10.875
202203 14.570 146.537 15.538
202206 11.891 149.784 12.406
202209 10.912 147.800 11.538
202212 9.195 150.207 9.566
202303 9.829 153.352 10.016
202306 9.076 154.519 9.179
202309 6.303 155.464 6.336
202312 5.009 156.273 5.009

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


Braskem  (BSP:BRKM5) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.81/9.14
=2.50

* 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 Braskem was 6.47. The lowest was 0.52. And the median was 2.27.


Be Aware

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


Braskem Cyclically Adjusted Book per Share Related Terms

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


Braskem (BSP:BRKM5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Braskem SA (BSP:BRKM5) » Definitions » Cyclically Adjusted Book per Share
Address
Rua Lemos Monteiro, 120 - 24 Andar, Butanta, SP, BRA, CEP 05501-050
Braskem SA manufactures and sells chemicals, petrochemicals, fuels, and utilities. The company's geographical segments include Brazil; the United States and Europe and Mexico. It derives a majority of revenue from Brazil. It produces olefins, such as ethylene, polymer and chemical-grade propylene, butadiene and butene-1; fuels, such as automotive gasoline, liquefied petroleum gas, or LPG, ethyl tertiary-butyl ether, or ETBE, and methyl tertiary-butyl ether, or MTBE; intermediates, such as cumene and others.

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