GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Viohalco SA (XBRU:VIO) » Definitions » Cyclically Adjusted Book per Share

Viohalco (XBRU:VIO) Cyclically Adjusted Book per Share : €6.40 (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Viohalco 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.

Viohalco's adjusted book value per share for the three months ended in Dec. 2023 was €6.469. 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 €6.40 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Viohalco's average Cyclically Adjusted Book Growth Rate was 0.50% 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 (2024-05-15), Viohalco's current stock price is €5.94. Viohalco's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €6.40. Viohalco's Cyclically Adjusted PB Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Viohalco was 0.98. The lowest was 0.69. And the median was 0.85.


Viohalco Cyclically Adjusted Book per Share Historical Data

The historical data trend for Viohalco'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.

Viohalco Cyclically Adjusted Book per Share Chart

Viohalco 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 - - - 6.37 6.40

Viohalco Quarterly Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 - 6.37 6.29 - 6.40

Competitive Comparison of Viohalco's Cyclically Adjusted Book per Share

For the Metal Fabrication subindustry, Viohalco'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.


Viohalco's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Viohalco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Viohalco 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, Viohalco'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)
=6.469/128.2922*128.2922
=6.469

Current CPI (Dec. 2023) = 128.2922.

Viohalco Quarterly Data

Book Value per Share CPI Adj_Book
200909 0.000 89.889 0.000
200912 5.735 90.315 8.147
201003 5.735 91.445 8.046
201006 5.783 92.119 8.054
201009 5.740 92.505 7.961
201012 5.691 93.120 7.841
201103 5.758 94.666 7.803
201106 5.721 95.508 7.685
201109 5.645 95.795 7.560
201112 5.534 96.360 7.368
201203 5.480 97.847 7.185
201206 5.413 97.659 7.111
201209 5.346 98.432 6.968
201212 5.302 98.511 6.905
201303 5.083 98.937 6.591
201306 5.451 99.215 7.049
201309 4.424 99.314 5.715
201312 4.521 99.462 5.831
201406 4.373 99.482 5.639
201412 4.190 99.086 5.425
201506 4.241 100.107 5.435
201512 3.982 100.572 5.080
201606 4.188 102.267 5.254
201612 4.081 102.614 5.102
201706 4.176 103.902 5.156
201712 4.270 104.804 5.227
201806 4.410 106.063 5.334
201812 4.529 107.252 5.417
201906 4.553 107.896 5.414
201912 4.588 108.065 5.447
202006 4.473 108.540 5.287
202012 4.704 108.511 5.562
202106 5.050 110.305 5.874
202112 5.458 114.705 6.105
202206 6.400 120.948 6.789
202209 0.000 124.120 0.000
202212 6.485 126.578 6.573
202306 6.454 125.973 6.573
202309 0.000 127.083 0.000
202312 6.469 128.292 6.469

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


Viohalco  (XBRU:VIO) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.94/6.4
=0.93

* 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 Viohalco was 0.98. The lowest was 0.69. And the median was 0.85.


Be Aware

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


Viohalco Cyclically Adjusted Book per Share Related Terms

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


Viohalco (XBRU:VIO) Business Description

Industry
Traded in Other Exchanges
Address
30 Marnix Avenue, Brussels, BEL, 1000
Viohalco SA is a metal processing company manufacturing aluminum, copper, cables, steel, and steel pipes products. Its segments consist of Aluminum, Copper, Cables, Steel, Steel pipes, Real estate, and R&D&I &Technology. The company's products are used across various industries, including building & construction, packaging, transportation, energy & power networks, water supply, telecommunications, printing, and numerous other industrial applications. The company's geographical segments are Greece, European Union, Other European countries, Asia, America, Africa, and Oceania, the majority is from the European Union.

Viohalco (XBRU:VIO) Headlines

No Headlines