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Union Pacific (WBO:UNPC) Cyclically Adjusted Book per Share : €26.69 (As of Mar. 2024)


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What is Union Pacific 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.

Union Pacific's adjusted book value per share for the three months ended in Mar. 2024 was €23.622. 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 €26.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Union Pacific's average Cyclically Adjusted Book Growth Rate was -0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.30% 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 Union Pacific was 7.30% per year. The lowest was 3.90% per year. And the median was 5.80% per year.

As of today (2024-05-15), Union Pacific's current stock price is €226.00. Union Pacific's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €26.69. Union Pacific's Cyclically Adjusted PB Ratio of today is 8.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Union Pacific was 9.92. The lowest was 3.54. And the median was 6.40.


Union Pacific Cyclically Adjusted Book per Share Historical Data

The historical data trend for Union Pacific'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.

Union Pacific Cyclically Adjusted Book per Share Chart

Union Pacific 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 22.47 20.56 24.27 27.19 26.10

Union Pacific 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 26.57 26.57 27.84 26.10 26.69

Competitive Comparison of Union Pacific's Cyclically Adjusted Book per Share

For the Railroads subindustry, Union Pacific'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.


Union Pacific's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Union Pacific's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Union Pacific 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, Union Pacific'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)
=23.622/129.4194*129.4194
=23.622

Current CPI (Mar. 2024) = 129.4194.

Union Pacific Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.552 100.560 22.589
201409 18.774 100.428 24.194
201412 19.453 99.070 25.412
201503 22.176 99.621 28.809
201506 21.509 100.684 27.648
201509 21.448 100.392 27.650
201512 22.379 99.792 29.023
201603 21.864 100.470 28.164
201606 21.791 101.688 27.734
201609 21.901 101.861 27.826
201612 23.199 101.863 29.475
201703 22.790 102.862 28.674
201706 21.781 103.349 27.275
201709 20.343 104.136 25.282
201712 26.896 104.011 33.466
201803 25.604 105.290 31.472
201806 23.047 106.317 28.055
201809 23.990 106.507 29.151
201812 24.759 105.998 30.230
201903 22.163 107.251 26.744
201906 22.812 108.070 27.319
201909 23.521 108.329 28.100
201912 23.573 108.420 28.139
202003 21.327 108.902 25.345
202006 21.525 108.767 25.612
202009 21.631 109.815 25.493
202012 20.763 109.897 24.451
202103 20.527 111.754 23.772
202106 18.181 114.631 20.526
202109 18.357 115.734 20.528
202112 19.618 117.630 21.584
202203 17.196 121.301 18.347
202206 19.233 125.017 19.910
202209 19.261 125.227 19.906
202212 18.749 125.222 19.377
202303 19.073 127.348 19.383
202306 19.984 128.729 20.091
202309 21.526 129.860 21.453
202312 22.241 129.419 22.241
202403 23.622 129.419 23.622

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


Union Pacific  (WBO:UNPC) 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.

Union Pacific's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=226.00/26.69
=8.47

* 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 Union Pacific was 9.92. The lowest was 3.54. And the median was 6.40.


Be Aware

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


Union Pacific Cyclically Adjusted Book per Share Related Terms

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


Union Pacific (WBO:UNPC) Business Description

Industry
Address
1400 Douglas Street, Omaha, NE, USA, 68179
Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two thirds of the U.S., UP generated $25 billion of revenue in 2022 by hauling coal, industrial products, intermodal containers, agriculture goods, chemicals, and automotive goods. UP owns about one fourth of Mexican railroad Ferromex and derives roughly 10% of its revenue hauling freight to and from Mexico.

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