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Limbach Holdings (Limbach Holdings) Cyclically Adjusted Book per Share : $8.07 (As of Dec. 2023)


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What is Limbach Holdings 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.

Limbach Holdings's adjusted book value per share data for the fiscal year that ended in Dec. 2023 was $10.989. 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 $8.07 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-28), Limbach Holdings's current stock price is $ 44.45. Limbach Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec. 2023 was $8.07. Limbach Holdings's Cyclically Adjusted PB Ratio of today is 5.51.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of Limbach Holdings was 6.35. The lowest was 4.70. And the median was 5.24.


Limbach Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for Limbach Holdings'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.

Limbach Holdings Cyclically Adjusted Book per Share Chart

Limbach Holdings 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 - - - - 8.07

Limbach Holdings 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 - - - - 8.07

Competitive Comparison of Limbach Holdings's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Limbach Holdings'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.


Limbach Holdings's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Limbach Holdings 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, Limbach Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec. 2023 was:

Adj_Book=Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=10.989/129.4194*129.4194
=10.989

Current CPI (Dec. 2023) = 129.4194.

Limbach Holdings Annual Data

Book Value per Share CPI Adj_Book
201412 7.781 99.070 10.165
201512 1.380 99.792 1.790
201612 6.365 101.863 8.087
201712 6.418 104.011 7.986
201812 6.107 105.998 7.456
201912 6.096 108.420 7.277
202012 6.779 109.897 7.983
202112 8.524 117.630 9.378
202212 9.274 125.222 9.585
202312 10.989 129.419 10.989

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


Limbach Holdings  (NAS:LMB) 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.

Limbach Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=44.45/8.07
=5.51

* 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 10 years, the highest Cyclically Adjusted PB Ratio of Limbach Holdings was 6.35. The lowest was 4.70. And the median was 5.24.


Be Aware

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


Limbach Holdings Cyclically Adjusted Book per Share Related Terms

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


Limbach Holdings (Limbach Holdings) Business Description

Industry
Traded in Other Exchanges
Address
797 Commonwealth Drive, Warrendale, PA, USA, 15086
Limbach Holdings Inc is a commercial specialty contractor in the fields of heating, ventilation, air conditioning, plumbing, electrical, and building controls for the design and construction of new and renovated buildings, maintenance services, energy retrofits, and equipment upgrades. It operates in two segments namely General Contractor Relationships (GCR) and Owner Direct Relationships (ODR). The company generates maximum revenue from the GCR segment.
Executives
Jayme L. Brooks officer: EVP & Chief Financial Officer 21211 NORDHOFF STREET, CHATSWORTH CA 91311
Michael M Mccann officer: Chief Operating Officer 797 COMMONWEALTH DRIVE, WARRENDALE PA 15086
Norbert W. Young director 31-35TH STREET, PITTSBURGH PA 15201
Gordon G Pratt director, officer: President and CEO 1101 BRICKELL AVENUE, SOUTH TOWER, 8TH FLOOR, MIAMI FL 33131
Jay Sharp officer: President of Limbach 797 COMMWEALTH DRIVE, WARRENDALE PA 15086
Nicholas Angerosa officer: President of Harper 797 COMMWEALTH DRIVE, WARRENDALE PA 15086
Joshua Horowitz director 72-38 113TH STREET, APARTMENT 3L, FOREST HILLS NY 11375
Bacon Charles A. Iii officer: President and CEO 31-35TH STREET, PITTSBURGH PA 15201
Linda G Alvarado director 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Laurel J Krzeminski director 585 WEST BEACH STREET, PO BOX 50085, WATSONVILLE CA 95076
1347 Investors Llc 10 percent owner 150 PIERCE ROAD, 6TH FLOOR, ITASCA IL 60143
Palm Global Small Cap Master Fund Lp director C/O PALM MANAGEMENT (US) LLC, 19 WEST ELM STREET, GREENWICH CT 06830
Bradley C Palmer other: Director by Deputization C/O PALM MANAGEMENT (US) LLC, 19 WEST ELM STREET, GREENWICH CT 06830
Palm Management (us) Llc director 19 WEST ELM STREET, GREENWICH CT 06830
Kingsway Financial Services Inc 10 percent owner 10 S. RIVERSIDE PLAZA, SUITE 1520, CHICAGO IL 60606