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Enviva (STU:XV6) Cyclically Adjusted Book per Share : €9.52 (As of Sep. 2023)


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What is Enviva 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.

Enviva's adjusted book value per share for the three months ended in Sep. 2023 was €3.898. 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 €9.52 for the trailing ten years ended in Sep. 2023.

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 (2024-04-28), Enviva's current stock price is €0.4744. Enviva's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was €9.52. Enviva's Cyclically Adjusted PB Ratio of today is 0.05.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Enviva was 4.74. The lowest was 0.03. And the median was 0.78.


Enviva Cyclically Adjusted Book per Share Historical Data

The historical data trend for Enviva'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.

Enviva Cyclically Adjusted Book per Share Chart

Enviva Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 9.82

Enviva Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - 9.82 9.16 10.13 9.52

Competitive Comparison of Enviva's Cyclically Adjusted Book per Share

For the Lumber & Wood Production subindustry, Enviva'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.


Enviva's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Enviva's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Enviva 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, Enviva's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=3.898/129.8595*129.8595
=3.898

Current CPI (Sep. 2023) = 129.8595.

Enviva Quarterly Data

Book Value per Share CPI Adj_Book
201312 8.226 98.326 10.864
201403 0.000 99.695 0.000
201406 8.160 100.560 10.538
201409 8.712 100.428 11.265
201412 9.247 99.070 12.121
201503 10.519 99.621 13.712
201506 13.172 100.684 16.989
201509 13.178 100.392 17.046
201512 14.640 99.792 19.051
201603 11.595 100.470 14.987
201606 11.477 101.688 14.657
201609 11.596 101.861 14.783
201612 12.245 101.863 15.611
201703 10.751 102.862 13.573
201706 9.813 103.349 12.330
201709 8.923 104.136 11.127
201712 -1.220 104.011 -1.523
201803 5.209 105.290 6.425
201806 5.129 106.317 6.265
201809 5.041 106.507 6.146
201812 4.877 105.998 5.975
201903 6.339 107.251 7.675
201906 7.971 108.070 9.578
201909 8.144 108.329 9.763
201912 7.553 108.420 9.047
202003 7.084 108.902 8.447
202006 9.796 108.767 11.696
202009 7.485 109.815 8.851
202012 -1.628 109.897 -1.924
202103 5.992 111.754 6.963
202106 8.635 114.631 9.782
202109 7.085 115.734 7.950
202112 4.608 117.630 5.087
202203 7.489 121.301 8.017
202206 6.832 125.017 7.097
202209 6.489 125.227 6.729
202212 4.715 125.222 4.890
202303 2.436 127.348 2.484
202306 4.788 128.729 4.830
202309 3.898 129.860 3.898

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


Enviva  (STU:XV6) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.4744/9.52
=0.05

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Enviva was 4.74. The lowest was 0.03. And the median was 0.78.


Be Aware

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


Enviva Cyclically Adjusted Book per Share Related Terms

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


Enviva (STU:XV6) Business Description

Industry
Traded in Other Exchanges
Address
7272 Wisconsin Avenue, Suite 1800, Bethesda, MD, USA, 20814
Enviva Inc develop, construct, acquire, and own and operate, fully contracted wood pellet production plants where the company aggregate a natural resource, wood fiber, and process it into dry, densified, uniform pellets that can be effectively stored and transported around the world. The company sells term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, who use pellets to displace coal and other fossil fuels to generate power and heat as part of their efforts to accelerate the energy transition away from conventional energy sources. The company derive a majority of revenues from customers in Europe.

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