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Jenoptik AG (Jenoptik AG) Cyclically Adjusted Book per Share : $13.96 (As of Mar. 2024)


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What is Jenoptik AG 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.

Jenoptik AG's adjusted book value per share for the three months ended in Mar. 2024 was $17.003. 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 $13.96 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Jenoptik AG'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 13.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.20% 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 Jenoptik AG was 13.20% per year. The lowest was 9.20% per year. And the median was 12.10% per year.

As of today (2024-05-21), Jenoptik AG's current stock price is $32.65. Jenoptik AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $13.96. Jenoptik AG's Cyclically Adjusted PB Ratio of today is 2.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jenoptik AG was 5.44. The lowest was 1.71. And the median was 2.98.


Jenoptik AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Jenoptik AG'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.

Jenoptik AG Cyclically Adjusted Book per Share Chart

Jenoptik AG 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 8.37 9.76 9.05 9.36 10.23

Jenoptik AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.96 8.11 10.89 10.23 13.96

Competitive Comparison of Jenoptik AG's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, Jenoptik AG'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.


Jenoptik AG's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jenoptik AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Jenoptik AG 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, Jenoptik AG's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=17.003/125.0381*125.0381
=17.003

Current CPI (Mar. 2024) = 125.0381.

Jenoptik AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.848 99.543 11.114
201409 8.691 99.823 10.886
201412 8.357 99.543 10.497
201503 7.622 99.717 9.557
201506 7.906 100.417 9.844
201509 8.133 100.417 10.127
201512 8.302 99.717 10.410
201603 8.544 100.017 10.681
201606 8.677 100.717 10.772
201609 8.975 101.017 11.109
201612 8.785 101.217 10.853
201703 9.055 101.417 11.164
201706 9.535 102.117 11.675
201709 10.456 102.717 12.728
201712 10.954 102.617 13.347
201803 11.705 102.917 14.221
201806 11.094 104.017 13.336
201809 11.528 104.718 13.765
201812 11.871 104.217 14.243
201903 11.950 104.217 14.337
201906 11.758 105.718 13.907
201909 12.002 106.018 14.155
201912 12.711 105.818 15.020
202003 12.450 105.718 14.725
202006 12.931 106.618 15.165
202009 13.619 105.818 16.093
202012 14.405 105.518 17.070
202103 14.418 107.518 16.767
202106 14.987 108.486 17.274
202109 15.244 109.435 17.418
202112 15.157 110.384 17.169
202203 15.013 113.968 16.471
202206 14.873 115.760 16.065
202209 14.492 118.818 15.251
202212 15.397 119.345 16.131
202303 15.656 122.402 15.993
202306 15.987 123.140 16.233
202309 16.188 124.195 16.298
202312 17.082 123.773 17.257
202403 17.003 125.038 17.003

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


Jenoptik AG  (OTCPK:JNPKF) 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.

Jenoptik AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.65/13.96
=2.34

* 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 Jenoptik AG was 5.44. The lowest was 1.71. And the median was 2.98.


Be Aware

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


Jenoptik AG Cyclically Adjusted Book per Share Related Terms

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


Jenoptik AG (Jenoptik AG) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jenoptik AG (OTCPK:JNPKF) » Definitions » Cyclically Adjusted Book per Share
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Address
Carl-Zeiss-Strasse 1, Jena, DEU, 07743
Jenoptik AG is a Germany-based company that manufactures and distributes optical technology products to the semiconductor equipment, automotive, medical technology, defense, security, and aviation industries. Its products include optoelectronic systems, power supply, and drive systems, industrial metrology, camera and camera modules, laser technology, light-emitting diode technology, aviation systems, and traffic safety systems. The firm has manufacturing facilities in Europe, the United States, and Asia, and generates revenue all over the world.

Jenoptik AG (Jenoptik AG) Headlines

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