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NiSource (FRA:NOU) Cyclically Adjusted Book per Share : €15.06 (As of Dec. 2023)


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What is NiSource 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.

NiSource's adjusted book value per share for the three months ended in Dec. 2023 was €15.954. 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 €15.06 for the trailing ten years ended in Dec. 2023.

During the past 12 months, NiSource's average Cyclically Adjusted Book Growth Rate was -1.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -0.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.70% 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 NiSource was 7.60% per year. The lowest was -2.60% per year. And the median was 3.20% per year.

As of today (2024-04-27), NiSource's current stock price is €26.20. NiSource's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €15.06. NiSource's Cyclically Adjusted PB Ratio of today is 1.74.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of NiSource was 1.86. The lowest was 0.56. And the median was 1.41.


NiSource Cyclically Adjusted Book per Share Historical Data

The historical data trend for NiSource'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.

NiSource Cyclically Adjusted Book per Share Chart

NiSource 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 15.04 13.23 14.86 16.15 15.06

NiSource 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 16.15 15.78 15.65 16.08 15.06

Competitive Comparison of NiSource's Cyclically Adjusted Book per Share

For the Utilities - Regulated Gas subindustry, NiSource'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.


NiSource's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

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

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



NiSource 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, NiSource'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)
=15.954/129.4194*129.4194
=15.954

Current CPI (Dec. 2023) = 129.4194.

NiSource Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.808 99.695 17.925
201406 14.076 100.560 18.116
201409 14.771 100.428 19.035
201412 15.847 99.070 20.702
201503 18.998 99.621 24.681
201506 18.248 100.684 23.456
201509 10.632 100.392 13.706
201512 11.057 99.792 14.340
201603 10.821 100.470 13.939
201606 10.532 101.688 13.404
201609 10.529 101.861 13.378
201612 11.943 101.863 15.174
201703 12.077 102.862 15.195
201706 11.264 103.349 14.105
201709 10.872 104.136 13.512
201712 10.832 104.011 13.478
201803 10.825 105.290 13.306
201806 11.955 106.317 14.553
201809 11.043 106.507 13.419
201812 11.498 105.998 14.039
201903 11.625 107.251 14.028
201906 12.083 108.070 14.470
201909 12.080 108.329 14.432
201912 12.027 108.420 14.356
202003 11.496 108.902 13.662
202006 11.089 108.767 13.195
202009 10.072 109.815 11.870
202012 10.223 109.897 12.039
202103 10.821 111.754 12.531
202106 10.164 114.631 11.475
202109 10.338 115.734 11.560
202112 11.793 117.630 12.975
202203 12.656 121.301 13.503
202206 13.234 125.017 13.700
202209 14.047 125.227 14.517
202212 13.809 125.222 14.272
202303 13.858 127.348 14.083
202306 13.578 128.729 13.651
202309 13.777 129.860 13.730
202312 15.954 129.419 15.954

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


NiSource  (FRA:NOU) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=26.20/15.06
=1.74

* 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 NiSource was 1.86. The lowest was 0.56. And the median was 1.41.


Be Aware

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


NiSource Cyclically Adjusted Book per Share Related Terms

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


NiSource (FRA:NOU) Business Description

Industry
Traded in Other Exchanges
Address
801 East 86th Avenue, Merrillville, IN, USA, 46410
NiSource is one of the nation's largest natural gas distribution companies with approximately 3.2 million customers in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and Virginia. NiSource's electric utility transmits and distributes electricity in northern Indiana to about 500,000 customers. The regulated electric utility also owns more than 3,000 megawatts of generation capacity, including coal, natural gas, and renewable energy.

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