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Proximus (LTS:0DPU) Cyclically Adjusted Book per Share : €10.94 (As of Dec. 2023)


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What is Proximus 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.

Proximus's adjusted book value per share for the three months ended in Dec. 2023 was €10.229. 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 €10.94 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Proximus's average Cyclically Adjusted Book Growth Rate was 0.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.40% 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 Proximus was 4.00% per year. The lowest was -4.70% per year. And the median was 0.60% per year.

As of today (2024-04-28), Proximus's current stock price is €7.03. Proximus's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €10.94. Proximus's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Proximus was 3.05. The lowest was 0.60. And the median was 1.84.


Proximus Cyclically Adjusted Book per Share Historical Data

The historical data trend for Proximus'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.

Proximus Cyclically Adjusted Book per Share Chart

Proximus 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 9.88 9.72 10.11 10.99 10.94

Proximus 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 10.99 10.84 10.79 10.85 10.94

Competitive Comparison of Proximus's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Proximus'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.


Proximus's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Proximus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Proximus 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, Proximus'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)
=10.229/128.2922*128.2922
=10.229

Current CPI (Dec. 2023) = 128.2922.

Proximus Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.411 99.819 12.095
201406 8.556 99.482 11.034
201409 9.071 99.195 11.732
201412 8.651 99.086 11.201
201503 9.084 99.423 11.722
201506 8.548 100.107 10.955
201509 8.776 100.245 11.231
201512 8.720 100.572 11.123
201603 9.025 101.653 11.390
201606 8.197 102.267 10.283
201609 8.641 102.118 10.856
201612 8.737 102.614 10.923
201703 9.125 103.972 11.259
201706 8.496 103.902 10.490
201709 8.923 104.170 10.989
201712 8.855 104.804 10.840
201803 9.673 105.419 11.772
201806 9.069 106.063 10.970
201809 9.494 106.618 11.424
201812 9.314 107.252 11.141
201903 9.720 107.876 11.560
201906 9.159 107.896 10.890
201909 9.567 107.470 11.421
201912 8.843 108.065 10.498
202003 9.310 108.550 11.003
202006 8.747 108.540 10.339
202009 9.210 108.441 10.896
202012 8.996 108.511 10.636
202103 9.130 109.522 10.695
202106 8.761 110.305 10.190
202109 9.144 111.543 10.517
202112 9.227 114.705 10.320
202203 9.701 118.620 10.492
202206 10.011 120.948 10.619
202209 10.571 124.120 10.926
202212 10.258 126.578 10.397
202303 10.512 126.528 10.659
202306 10.096 125.973 10.282
202309 10.489 127.083 10.589
202312 10.229 128.292 10.229

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


Proximus  (LTS:0DPU) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7.03/10.94
=0.64

* 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 Proximus was 3.05. The lowest was 0.60. And the median was 1.84.


Be Aware

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


Proximus Cyclically Adjusted Book per Share Related Terms

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


Proximus (LTS:0DPU) Business Description

Traded in Other Exchanges
Address
Boulevard du Roi Albert II, 27, Proximus Towers, Brussels, BEL, B-1030
Proximus is the incumbent telecom operator in Belgium. The firm has around 45% share of the broadband market and 30% of the postpaid mobile market, mainly competing with Telenet (mobile and fixed) and Orange (mobile and fixed). Proximus is rolling out fiber to the home in Belgium and expects to have 95% of the country covered by 2032. Its international carrier services division, BICS, is one of the four largest in the world, serving more than 250 operators, which was strengthened in 2017 with the acquisition of Telesign.

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