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Sabre (SABR) Cyclically Adjusted Book per Share : $1.07 (As of Dec. 2023)


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What is Sabre 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.

Sabre's adjusted book value per share for the three months ended in Dec. 2023 was $-3.658. 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 $1.07 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sabre's average Cyclically Adjusted Book Growth Rate was -8.50% 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.

As of today (2024-04-27), Sabre's current stock price is $2.80. Sabre's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $1.07. Sabre's Cyclically Adjusted PB Ratio of today is 2.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sabre was 9.31. The lowest was 1.85. And the median was 4.67.


Sabre Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sabre'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.

Sabre Cyclically Adjusted Book per Share Chart

Sabre 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 - - 1.24 1.17 1.07

Sabre 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 1.17 1.08 0.99 1.04 1.07

Competitive Comparison of Sabre's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Sabre'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.


Sabre's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Sabre's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sabre 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, Sabre'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)
=-3.658/129.4194*129.4194
=-3.658

Current CPI (Dec. 2023) = 129.4194.

Sabre Quarterly Data

Book Value per Share CPI Adj_Book
201403 -3.703 99.695 -4.807
201406 0.193 100.560 0.248
201409 0.261 100.428 0.336
201412 0.313 99.070 0.409
201503 1.051 99.621 1.365
201506 1.134 100.684 1.458
201509 1.652 100.392 2.130
201512 1.756 99.792 2.277
201603 2.348 100.470 3.025
201606 2.552 101.688 3.248
201609 2.692 101.861 3.420
201612 2.250 101.863 2.859
201703 2.395 102.862 3.013
201706 2.314 103.349 2.898
201709 2.335 104.136 2.902
201712 2.527 104.011 3.144
201803 3.044 105.290 3.742
201806 3.186 106.317 3.878
201809 3.384 106.507 4.112
201812 3.512 105.998 4.288
201903 3.474 107.251 4.192
201906 3.335 108.070 3.994
201909 3.462 108.329 4.136
201912 3.431 108.420 4.096
202003 2.446 108.902 2.907
202006 1.148 108.767 1.366
202009 1.992 109.815 2.348
202012 0.876 109.897 1.032
202103 0.076 111.754 0.088
202106 -0.521 114.631 -0.588
202109 -1.127 115.734 -1.260
202112 -1.573 117.630 -1.731
202203 -1.370 121.301 -1.462
202206 -1.880 125.017 -1.946
202209 -2.263 125.227 -2.339
202212 -2.692 125.222 -2.782
202303 -2.939 127.348 -2.987
202306 -3.296 128.729 -3.314
202309 -3.412 129.860 -3.400
202312 -3.658 129.419 -3.658

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


Sabre  (NAS:SABR) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.80/1.07
=2.62

* 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 Sabre was 9.31. The lowest was 1.85. And the median was 4.67.


Be Aware

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


Sabre Cyclically Adjusted Book per Share Related Terms

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


Sabre (SABR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sabre Corp (NAS:SABR) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
3150 Sabre Drive, Southlake, TX, USA, 76092
Sabre holds the number-two air booking volume share in the global distribution system industry. The travel solutions segment represented 91% of total 2022 revenue, split between distribution (70% of segment sales) and airline IT solutions (30%) revenue. The company also has a growing hotel IT solutions division (10% of revenue). Transaction fees, which are mostly tied to volume and not price, account for the bulk of sales and profits.
Executives
Sean E Menke officer: Executive Vice President C/O IHS INC., 15 INVERNESS WAY EAST, ENGLEWOOD CO 80112
Joe Difonzo officer: Executive Vice President 3150 SABRE DRIVE, SOUTHLAKE TX 76092
Gail Mandel director 22 SYLVAN WAY, PARSIPPANY NJ 07054
Michael O Randolfi officer: Executive Vice President, CFO C/O ORBITZ WORLDWIDE, 500 W. MADISON, SUITE 1000, CHICAGO IL 60661
Kurt Joseph Ekert officer: President MORRIS CORPORATE CENTER III, 400 INTERPACE PKWY, BLDG A, PARSIPPANY NJ 07054
Ann J. Bruder officer: EVP and Chief Legal Officer 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Chadwick Ho officer: EVP and Chief Legal Officer 3150 SABRE DRIVE, SOUTHLAKE TX 76092
Garry R Wiseman officer: EVP and Chief Product Officer C/O NAUTILUS, INC., 17750 SE 6TH WAY, VANCOUVER WA 98683
Shawn G Williams officer: EVP and Chief People Officer 3150 SABRE DRIVE, SOUTHLAKE TX 76092
Cem Tanyel officer: EVP & Pres. Airline Solutions 3150 SABRE DRIVE, SOUTHLAKE TX 76092
David J Shirk officer: Executive Vice President C/O SABRE CORPORATION, 3150 SABRE DRIVE, SOUTHLAKE TX 76092
Phyllis Newhouse director 3150 SABRE DRIVE, SOUTHLAKE TX 76092
Wendi Christine Sturgis director C/O THE CONTAINER STORE GROUP, INC., 500 FREEPORT PARKWAY, COPPELL TX 75019
John C Siciliano director C/O BKF CAPITAL GROUP, INC., ONE ROCKEFELLER PLAZA, NEW YORK NY 10020
Judson Wade Jones officer: Executive Vice President 3150 SABRE DRIVE, SOUTHLAKE TX 76092