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UPM-Kymmene Oyj (UPM-Kymmene Oyj) Cyclically Adjusted Book per Share : $21.09 (As of Mar. 2024)


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What is UPM-Kymmene Oyj 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.

UPM-Kymmene Oyj's adjusted book value per share for the three months ended in Mar. 2024 was $23.279. 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 $21.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, UPM-Kymmene Oyj's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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 UPM-Kymmene Oyj was 7.80% per year. The lowest was -0.90% per year. And the median was 2.20% per year.

As of today (2024-04-28), UPM-Kymmene Oyj's current stock price is $37.75. UPM-Kymmene Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $21.09. UPM-Kymmene Oyj's Cyclically Adjusted PB Ratio of today is 1.79.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of UPM-Kymmene Oyj was 2.27. The lowest was 0.50. And the median was 1.59.


UPM-Kymmene Oyj Cyclically Adjusted Book per Share Historical Data

The historical data trend for UPM-Kymmene Oyj'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.

UPM-Kymmene Oyj Cyclically Adjusted Book per Share Chart

UPM-Kymmene Oyj 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 17.23 19.76 18.81 20.16 22.34

UPM-Kymmene Oyj 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 21.30 21.30 20.81 22.34 21.09

Competitive Comparison of UPM-Kymmene Oyj's Cyclically Adjusted Book per Share

For the Paper & Paper Products subindustry, UPM-Kymmene Oyj'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.


UPM-Kymmene Oyj's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

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

* The bar in red indicates where UPM-Kymmene Oyj's Cyclically Adjusted PB Ratio falls into.



UPM-Kymmene Oyj 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, UPM-Kymmene Oyj'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)
=23.279/121.2200*121.2200
=23.279

Current CPI (Mar. 2024) = 121.2200.

UPM-Kymmene Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.700 100.147 22.635
201409 18.466 100.726 22.223
201412 17.283 100.229 20.903
201503 15.827 100.120 19.162
201506 16.049 100.030 19.449
201509 16.708 100.130 20.227
201512 16.216 99.990 19.659
201603 16.640 100.080 20.155
201606 16.130 100.390 19.477
201609 16.550 100.540 19.954
201612 16.280 101.020 19.535
201703 15.955 100.910 19.166
201706 17.006 101.140 20.382
201709 18.610 101.320 22.265
201712 19.216 101.510 22.947
201803 20.748 101.730 24.723
201806 19.121 102.320 22.653
201809 20.083 102.600 23.728
201812 20.888 102.710 24.652
201903 21.284 102.870 25.081
201906 20.238 103.360 23.735
201909 20.132 103.540 23.570
201912 20.963 103.650 24.516
202003 19.784 103.490 23.173
202006 19.705 103.320 23.119
202009 20.656 103.710 24.143
202012 21.330 103.890 24.888
202103 20.315 104.870 23.482
202106 21.233 105.360 24.429
202109 22.443 106.290 25.595
202112 22.979 107.490 25.914
202203 22.151 110.950 24.201
202206 21.749 113.570 23.214
202209 22.131 114.920 23.344
202212 24.832 117.320 25.657
202303 25.072 119.750 25.380
202306 23.014 120.690 23.115
202309 22.863 121.280 22.852
202312 22.821 121.220 22.821
202403 23.279 121.220 23.279

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


UPM-Kymmene Oyj  (OTCPK:UPMKF) 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.

UPM-Kymmene Oyj's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.75/21.09
=1.79

* 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 UPM-Kymmene Oyj was 2.27. The lowest was 0.50. And the median was 1.59.


Be Aware

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


UPM-Kymmene Oyj Cyclically Adjusted Book per Share Related Terms

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


UPM-Kymmene Oyj (UPM-Kymmene Oyj) Business Description

Industry
Traded in Other Exchanges
Address
Alvar Aallon katu 1, P.O. Box 380, Helsinki, FIN, FI-00100
UPM-Kymmene Oyj is a Finnish paper and biomaterials company. The company produces products related to the forestry industry including paper, pulp, and plywood. UPM is also a major electricity generator in Finland and is one of the global producers of self-adhesive labeling materials. It delivers responsible solutions and innovation for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Plywood. Geographically, the company has operational footprints in Sweden, Finland, the Netherlands, and other regions.

UPM-Kymmene Oyj (UPM-Kymmene Oyj) Headlines

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