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MRS Logistica (BSP:MRSA6B) Cyclically Adjusted Book per Share : R$14.52 (As of Dec. 2023)


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What is MRS Logistica 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.

MRS Logistica's adjusted book value per share for the three months ended in Dec. 2023 was R$18.894. 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$14.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, MRS Logistica's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.90% 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 MRS Logistica was 8.90% per year. The lowest was 8.50% per year. And the median was 8.70% per year.

As of today (2024-04-29), MRS Logistica's current stock price is R$27.06. MRS Logistica's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$14.52. MRS Logistica's Cyclically Adjusted PB Ratio of today is 1.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of MRS Logistica was 6.64. The lowest was 0.67. And the median was 1.85.


MRS Logistica Cyclically Adjusted Book per Share Historical Data

The historical data trend for MRS Logistica'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.

MRS Logistica Cyclically Adjusted Book per Share Chart

MRS Logistica 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 8.31 9.76 14.26 12.55 14.52

MRS Logistica 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 12.55 12.88 12.46 15.80 14.52

Competitive Comparison of MRS Logistica's Cyclically Adjusted Book per Share

For the Railroads subindustry, MRS Logistica'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.


MRS Logistica's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MRS Logistica's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MRS Logistica 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, MRS Logistica'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)
=18.894/156.2729*156.2729
=18.894

Current CPI (Dec. 2023) = 156.2729.

MRS Logistica Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.061 90.447 13.928
201406 8.031 91.838 13.666
201409 8.245 92.602 13.914
201412 8.376 94.194 13.896
201503 8.537 97.799 13.641
201506 8.650 100.006 13.517
201509 8.816 101.392 13.588
201512 8.777 104.247 13.157
201603 9.260 106.979 13.527
201606 9.512 108.851 13.656
201609 9.847 109.986 13.991
201612 9.714 110.802 13.700
201703 10.019 111.869 13.996
201706 10.152 112.115 14.151
201709 10.580 112.777 14.660
201712 10.457 114.068 14.326
201803 10.717 114.868 14.580
201806 10.760 117.038 14.367
201809 11.244 117.881 14.906
201812 11.306 118.340 14.930
201903 11.648 120.124 15.153
201906 11.999 120.977 15.500
201909 12.531 121.292 16.145
201912 12.066 123.436 15.276
202003 11.797 124.092 14.856
202006 12.228 123.557 15.466
202009 12.665 125.095 15.822
202012 12.685 129.012 15.365
202103 12.907 131.660 15.320
202106 14.144 133.871 16.511
202109 14.548 137.913 16.485
202112 14.257 141.992 15.691
202203 14.553 146.537 15.520
202206 15.162 149.784 15.819
202209 16.111 147.800 17.035
202212 16.217 150.207 16.872
202303 16.646 153.352 16.963
202306 17.632 154.519 17.832
202309 18.865 155.464 18.963
202312 18.894 156.273 18.894

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


MRS Logistica  (BSP:MRSA6B) 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.

MRS Logistica's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=27.06/14.52
=1.86

* 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 MRS Logistica was 6.64. The lowest was 0.67. And the median was 1.85.


Be Aware

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


MRS Logistica Cyclically Adjusted Book per Share Related Terms

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


MRS Logistica (BSP:MRSA6B) Business Description

Industry
Traded in Other Exchanges
Address
Praia de Botafogo 228, Sala 1201 E, Rio de Janeiro, RJ, BRA, 22250906
MRS Logistica SA is a publicly-held corporation engaged in the transportation services. The company operates a public railway transportation concession in the Southeast network, located in the States of Rio de Janeiro, Sao Paulo, and Minas Gerais. It interconnects the states of Rio de Janeiro, Minas Gerais, and Sao Paulo, spanning through the region that concentrates approximately 50% of Brazil's gross domestic product. Through MRS' railways, it also provides transport to reach the ports of Itaguai and Santos and Latin America. The company generates its entire revenue from providing cargo transport services in the Southeast Brazil.

MRS Logistica (BSP:MRSA6B) Headlines

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