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Evolution AB (OSTO:EVO) Cyclically Adjusted Book per Share : kr74.09 (As of Mar. 2024)


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What is Evolution 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.

Evolution AB's adjusted book value per share for the three months ended in Mar. 2024 was kr210.911. 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 kr74.09 for the trailing ten years ended in Mar. 2024.

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 (2024-05-15), Evolution AB's current stock price is kr1195.00. Evolution AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr74.09. Evolution AB's Cyclically Adjusted PB Ratio of today is 16.13.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Evolution AB was 23.37. The lowest was 15.17. And the median was 18.50.


Evolution AB Cyclically Adjusted Book per Share Historical Data

The historical data trend for Evolution 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.

Evolution AB Cyclically Adjusted Book per Share Chart

Evolution 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 - - - - 70.39

Evolution 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 - 58.43 64.38 70.39 74.09

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

For the Gambling subindustry, Evolution 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.


Evolution AB's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Evolution AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Evolution 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, Evolution 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)
=210.911/130.9575*130.9575
=210.911

Current CPI (Mar. 2024) = 130.9575.

Evolution AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.432 0.000
201409 0.000 100.161 0.000
201412 1.273 100.225 1.663
201503 1.296 99.950 1.698
201506 1.605 99.995 2.102
201509 1.924 100.228 2.514
201512 2.254 100.276 2.944
201603 2.652 100.751 3.447
201606 2.459 101.019 3.188
201609 2.917 101.138 3.777
201612 3.450 102.022 4.429
201703 4.063 102.022 5.215
201706 4.070 102.752 5.187
201709 4.876 103.279 6.183
201712 6.068 103.793 7.656
201803 7.146 103.962 9.002
201806 6.545 104.875 8.173
201809 7.922 105.679 9.817
201812 9.269 105.912 11.461
201903 11.148 105.886 13.788
201906 10.765 106.742 13.207
201909 13.799 107.214 16.855
201912 16.209 107.766 19.697
202003 19.761 106.563 24.285
202006 18.669 107.498 22.743
202009 22.989 107.635 27.970
202012 130.630 108.296 157.965
202103 135.383 108.360 163.617
202106 142.387 108.928 171.184
202109 150.073 110.338 178.118
202112 153.718 112.486 178.960
202203 162.720 114.825 185.581
202206 155.096 118.384 171.569
202209 167.516 122.296 179.380
202212 178.425 126.365 184.909
202303 193.016 127.042 198.965
202306 186.563 129.407 188.799
202309 207.391 130.224 208.560
202312 209.836 130.958 209.836
202403 210.911 130.958 210.911

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


Evolution AB  (OSTO:EVO) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1195.00/74.09
=16.13

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Evolution AB was 23.37. The lowest was 15.17. And the median was 18.50.


Be Aware

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


Evolution AB Cyclically Adjusted Book per Share Related Terms

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


Evolution AB (OSTO:EVO) Business Description

Industry
Address
Hamngatan 11, Stockholm, SWE, SE-111 47
Evolution AB is a B2B provider of live and slots casino systems. The Company develops, produces, markets, and licenses fully integrated online casino systems to gaming operators. The company provides business-to-business solutions, which it develops and produces for gaming operators. Evolution's primary product, Live Casino, allows a human dealer to run a real-time casino table, which is then streamed to digital devices. Players can then place bets on desktops, smartphones, and tablets and communicate with the dealer through Evolution's software. The company's services are licensed to casino operators. The company generates the vast majority of its revenue from Asia.