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MRTN (Marten Transport) Cyclically Adjusted Book per Share : $8.33 (As of Sep. 2024)


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What is Marten Transport 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.

Marten Transport's adjusted book value per share for the three months ended in Sep. 2024 was $9.410. 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 $8.33 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Marten Transport's average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 8.90% 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 Marten Transport was 14.60% per year. The lowest was 7.00% per year. And the median was 10.60% per year.

As of today (2024-10-31), Marten Transport's current stock price is $15.47. Marten Transport's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $8.33. Marten Transport's Cyclically Adjusted PB Ratio of today is 1.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Marten Transport was 3.53. The lowest was 1.68. And the median was 2.56.


Marten Transport Cyclically Adjusted Book per Share Historical Data

The historical data trend for Marten Transport'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.

Marten Transport Cyclically Adjusted Book per Share Chart

Marten Transport 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 5.34 5.76 6.50 7.24 7.85

Marten Transport Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.78 7.85 8.08 8.22 8.33

Competitive Comparison of Marten Transport's Cyclically Adjusted Book per Share

For the Trucking subindustry, Marten Transport'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.


Marten Transport's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Marten Transport 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, Marten Transport's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book= Book Value per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=9.41/133.0289*133.0289
=9.410

Current CPI (Sep. 2024) = 133.0289.

Marten Transport Quarterly Data

Book Value per Share CPI Adj_Book
201412 4.643 99.070 6.235
201503 4.760 99.621 6.356
201506 4.859 100.684 6.420
201509 4.953 100.392 6.563
201512 4.999 99.792 6.664
201603 5.069 100.470 6.712
201606 5.168 101.688 6.761
201609 5.265 101.861 6.876
201612 5.360 101.863 7.000
201703 5.451 102.862 7.050
201706 5.560 103.349 7.157
201709 5.641 104.136 7.206
201712 6.424 104.011 8.216
201803 6.539 105.290 8.262
201806 6.699 106.317 8.382
201809 6.879 106.507 8.592
201812 7.050 105.998 8.848
201903 7.180 107.251 8.906
201906 7.351 108.070 9.049
201909 7.105 108.329 8.725
201912 7.283 108.420 8.936
202003 7.408 108.902 9.049
202006 7.614 108.767 9.312
202009 7.798 109.815 9.446
202012 7.501 109.897 9.080
202103 7.671 111.754 9.131
202106 7.887 114.631 9.153
202109 7.597 115.734 8.732
202112 7.848 117.630 8.875
202203 7.917 121.301 8.682
202206 8.149 125.017 8.671
202209 8.415 125.227 8.939
202212 8.678 125.222 9.219
202303 8.882 127.348 9.278
202306 9.102 128.729 9.406
202309 9.216 129.860 9.441
202312 9.315 129.419 9.575
202403 9.371 131.776 9.460
202406 9.418 132.554 9.452
202409 9.410 133.029 9.410

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


Marten Transport  (NAS:MRTN) 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.

Marten Transport's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.47/8.33
=1.86

* 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 Marten Transport was 3.53. The lowest was 1.68. And the median was 2.56.


Be Aware

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


Marten Transport Cyclically Adjusted Book per Share Related Terms

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


Marten Transport Business Description

Industry
Traded in Other Exchanges
N/A
Address
129 Marten Street, Mondovi, WI, USA, 54755
Marten Transport Ltd is a temperature-sensitive truckload carrier in the United States. It is engaged in transporting and distributing food and other consumer packaged goods which requires a temperature-controlled or insulated environment. The company operates through four segments including Truckload, Dedicated, Intermodal, and Brokerage. It generates maximum revenue from the Truckload segment. The Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services.
Executives
Douglas Paul Petit officer: President 129 MARTEN STREET, MONDOVI WI 54755
Randall John Baier officer: Exec. VP & Chief Tech. Officer 129 MARTEN STREET, MONDOVI WI 54755
Thomas J Winkel director
Patricia L Jones director C/O 505 HIGHWAY 169 NORTH, SUITE 1000, PLYMOUTH MN 55441
Larry B Hagness director
James J Hinnendael officer: Chief Financial Officer 129 MARTEN STREET, MONDOVI WI 54755
John H Turner officer: Vice President of Sales 129 MARTEN STREET, MONDOVI WI 54755
Robert L Demorest director 2235 VALE CREST, MINNEAPOLIS MN 55422
Jerry M Bauer director
Timothy M Kohl officer: President 129 MARTEN STREET, MONDOVI WI 54755
Randolph L Marten director, 10 percent owner, officer: Chairman and President 129 MARTEN STREET, MONDOVI WI 54755
Kathleen P Iverson director 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Timothy P Nash officer: Exec. VP of Sales & Marketing
Ronald Richard Booth director 129 MARTEN STREET, MONDOVI WI 54755
G Larry Owens director

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