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Carlisle (FRA:CLE) Cyclically Adjusted Book per Share : €47.52 (As of Dec. 2023)


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What is Carlisle 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.

Carlisle's adjusted book value per share for the three months ended in Dec. 2023 was €54.386. 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 €47.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Carlisle's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.70% 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 Carlisle was 12.10% per year. The lowest was 5.30% per year. And the median was 10.20% per year.

As of today (2024-04-27), Carlisle's current stock price is €352.50. Carlisle's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €47.52. Carlisle's Cyclically Adjusted PB Ratio of today is 7.42.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Carlisle was 7.62. The lowest was 2.84. And the median was 3.93.


Carlisle Cyclically Adjusted Book per Share Historical Data

The historical data trend for Carlisle'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.

Carlisle Cyclically Adjusted Book per Share Chart

Carlisle 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 21.29 23.67 16.72 19.64 47.52

Carlisle 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 19.64 21.06 46.81 49.20 47.52

Competitive Comparison of Carlisle's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Carlisle'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.


Carlisle's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Carlisle 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, Carlisle'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)
=54.386/129.4194*129.4194
=54.386

Current CPI (Dec. 2023) = 129.4194.

Carlisle Quarterly Data

Book Value per Share CPI Adj_Book
201403 22.918 99.695 29.751
201406 23.934 100.560 30.803
201409 25.909 100.428 33.388
201412 27.538 99.070 35.974
201503 31.509 99.621 40.934
201506 31.585 100.684 40.599
201509 32.365 100.392 41.723
201512 33.643 99.792 43.631
201603 33.520 100.470 43.178
201606 34.413 101.688 43.798
201609 33.903 101.861 43.075
201612 36.395 101.863 46.241
201703 36.579 102.862 46.023
201706 34.947 103.349 43.763
201709 32.997 104.136 41.009
201712 34.548 104.011 42.988
201803 36.317 105.290 44.640
201806 38.241 106.317 46.551
201809 38.917 106.507 47.289
201812 39.393 105.998 48.097
201903 39.336 107.251 47.467
201906 40.520 108.070 48.525
201909 43.090 108.329 51.479
201912 42.708 108.420 50.980
202003 41.516 108.902 49.338
202006 41.073 108.767 48.872
202009 39.502 109.815 46.554
202012 39.433 109.897 46.438
202103 38.885 111.754 45.032
202106 38.668 114.631 43.656
202109 41.518 115.734 46.427
202112 44.752 117.630 49.237
202203 47.135 121.301 50.290
202206 52.813 125.017 54.673
202209 59.537 125.227 61.530
202212 56.091 125.222 57.971
202303 56.229 127.348 57.144
202306 55.971 128.729 56.271
202309 56.139 129.860 55.949
202312 54.386 129.419 54.386

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


Carlisle  (FRA:CLE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=352.50/47.52
=7.42

* 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 Carlisle was 7.62. The lowest was 2.84. And the median was 3.93.


Be Aware

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


Carlisle Cyclically Adjusted Book per Share Related Terms

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


Carlisle (FRA:CLE) Business Description

Industry
Traded in Other Exchanges
Address
16430 North Scottsdale Road, Suite 400, Scottsdale, AZ, USA, 85254
Carlisle Companies Inc is a holding company. Through its subsidiaries, it manufactures and sells rubber and plastic engineered products. The company is organized into three segments include Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies. The company's product portfolio includes commercial roofing systems, wires, cables, connectors, industrial liquid finishing material, and other products used in construction, transportation, aerospace, defense, medical, and various other industrial sectors. A vast majority of the company's revenue comes from the Carlisle Construction Materials segment, and more than half of the total revenue is earned in the United States.

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