GURUFOCUS.COM » STOCK LIST » Technology » Software » Oracle Corp (BUE:ORCL) » Definitions » Cyclically Adjusted Book per Share

Oracle (BUE:ORCL) Cyclically Adjusted Book per Share : ARS2,826.84 (As of Feb. 2024)


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

What is Oracle 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.

Oracle's adjusted book value per share for the three months ended in Feb. 2024 was ARS2,149.308. 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 ARS2,826.84 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Oracle's average Cyclically Adjusted Book Growth Rate was -10.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -5.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.80% 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 Oracle was 31.70% per year. The lowest was -5.20% per year. And the median was 22.70% per year.

As of today (2024-05-28), Oracle's current stock price is ARS50619.00. Oracle's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was ARS2,826.84. Oracle's Cyclically Adjusted PB Ratio of today is 17.91.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Oracle was 16.11. The lowest was 4.36. And the median was 6.00.


Oracle Cyclically Adjusted Book per Share Historical Data

The historical data trend for Oracle'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.

Oracle Cyclically Adjusted Book per Share Chart

Oracle Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.65 381.59 573.22 678.80 1,404.55

Oracle Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1,075.81 1,404.55 2,186.36 2,215.62 2,826.84

Competitive Comparison of Oracle's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Oracle'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.


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

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

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



Oracle 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, Oracle's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=2149.308/130.9299*130.9299
=2,149.308

Current CPI (Feb. 2024) = 130.9299.

Oracle Quarterly Data

Book Value per Share CPI Adj_Book
201405 253.261 100.373 330.364
201408 266.231 100.352 347.352
201411 276.113 99.635 362.840
201502 287.853 99.032 380.571
201505 302.263 100.333 394.441
201508 306.720 100.548 399.399
201511 316.302 100.135 413.577
201602 513.357 100.040 671.871
201605 490.815 101.355 634.031
201608 516.917 101.617 666.031
201611 534.085 101.829 686.714
201702 570.847 102.779 727.203
201705 630.404 103.256 799.364
201708 699.937 103.587 884.692
201711 704.580 104.072 886.409
201802 706.364 105.052 880.366
201805 713.959 106.148 880.646
201808 820.715 106.383 1,010.086
201811 906.299 106.338 1,115.896
201902 770.059 106.649 945.380
201905 860.781 108.048 1,043.074
201908 735.109 108.245 889.169
201911 865.216 108.519 1,043.899
202002 814.108 109.139 976.654
202005 786.801 108.175 952.303
202008 683.104 109.662 815.584
202011 581.787 109.793 693.788
202102 807.733 110.968 953.032
202105 522.011 113.576 601.771
202108 -157.549 115.421 -178.719
202111 -1,132.477 117.269 -1,264.399
202202 -1,027.875 119.703 -1,124.281
202205 -807.387 123.323 -857.190
202208 -862.226 124.958 -903.435
202211 -743.105 125.607 -774.593
202302 -503.783 126.928 -519.668
202305 263.892 128.314 269.271
202308 716.451 129.538 724.152
202311 1,476.688 129.548 1,492.439
202402 2,149.308 130.930 2,149.308

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


Oracle  (BUE:ORCL) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50619.00/2826.84
=17.91

* 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 Oracle was 16.11. The lowest was 4.36. And the median was 6.00.


Be Aware

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


Oracle Cyclically Adjusted Book per Share Related Terms

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


Oracle (BUE:ORCL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Oracle Corp (BUE:ORCL) » Definitions » Cyclically Adjusted Book per Share
Address
2300 Oracle Way, Austin, TX, USA, 78741
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.

Oracle (BUE:ORCL) Headlines

From GuruFocus

Q3 2020 Oracle Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Oracle Corp Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q1 2021 Oracle Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2022 Oracle Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 Oracle Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 Oracle Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2020 Oracle Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024