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AAK AB (OSTO:AAK) Cyclically Adjusted Book per Share : kr45.94 (As of Mar. 2024)


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What is AAK AB 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.

AAK AB's adjusted book value per share for the three months ended in Mar. 2024 was kr73.097. 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 kr45.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AAK AB's average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 17.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.30% 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 AAK AB was 17.70% per year. The lowest was 12.00% per year. And the median was 16.50% per year.

As of today (2024-04-28), AAK AB's current stock price is kr280.80. AAK AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr45.94. AAK AB's Cyclically Adjusted PB Ratio of today is 6.11.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AAK AB was 8.51. The lowest was 3.97. And the median was 6.22.


AAK AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for AAK AB'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.

AAK AB Cyclically Adjusted Book per Share Chart

AAK AB 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 24.60 27.42 31.28 38.94 44.73

AAK AB 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 40.17 42.00 43.40 44.73 45.94

Competitive Comparison of AAK AB's Cyclically Adjusted Book per Share

For the Packaged Foods subindustry, AAK AB'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.


AAK AB's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AAK AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AAK AB 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, AAK AB'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)
=73.097/130.9575*130.9575
=73.097

Current CPI (Mar. 2024) = 130.9575.

AAK AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.090 100.432 24.892
201409 20.906 100.161 27.334
201412 22.991 100.225 30.041
201503 25.198 99.950 33.015
201506 24.395 99.995 31.949
201509 25.195 100.228 32.920
201512 26.000 100.276 33.955
201603 26.008 100.751 33.805
201606 26.359 101.019 34.171
201609 27.727 101.138 35.902
201612 29.646 102.022 38.054
201703 30.639 102.022 39.329
201706 28.653 102.752 36.518
201709 28.909 103.279 36.657
201712 30.205 103.793 38.110
201803 33.059 103.962 41.643
201806 33.709 104.875 42.093
201809 34.438 105.679 42.676
201812 35.108 105.912 43.410
201903 38.092 105.886 47.111
201906 37.571 106.742 46.095
201909 40.547 107.214 49.527
201912 40.740 107.766 49.507
202003 42.573 106.563 52.319
202006 39.802 107.498 48.488
202009 40.992 107.635 49.874
202012 37.974 108.296 45.920
202103 41.926 108.360 50.670
202106 39.588 108.928 47.594
202109 42.929 110.338 50.951
202112 45.582 112.486 53.067
202203 49.112 114.825 56.012
202206 51.951 118.384 57.469
202209 58.414 122.296 62.551
202212 57.929 126.365 60.034
202303 61.142 127.042 63.027
202306 63.962 129.407 64.729
202309 66.933 130.224 67.310
202312 65.946 130.958 65.946
202403 73.097 130.958 73.097

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


AAK AB  (OSTO:AAK) 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.

AAK AB's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=280.80/45.94
=6.11

* 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 AAK AB was 8.51. The lowest was 3.97. And the median was 6.22.


Be Aware

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


AAK AB Cyclically Adjusted Book per Share Related Terms

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


AAK AB (OSTO:AAK) Business Description

Industry
Traded in Other Exchanges
Address
Skrivaregatan 9, Malmo, SWE, SE-215 32
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.

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