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Subsea 7 (Subsea 7) Cyclically Adjusted Book per Share : $15.92 (As of Mar. 2024)


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What is Subsea 7 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.

Subsea 7's adjusted book value per share for the three months ended in Mar. 2024 was $14.444. 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 $15.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Subsea 7's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.60% 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 Subsea 7 was 23.50% per year. The lowest was -7.50% per year. And the median was 9.00% per year.

As of today (2024-06-09), Subsea 7's current stock price is $17.41. Subsea 7's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.92. Subsea 7's Cyclically Adjusted PB Ratio of today is 1.09.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Subsea 7 was 3.22. The lowest was 0.36. And the median was 0.93.


Subsea 7 Cyclically Adjusted Book per Share Historical Data

The historical data trend for Subsea 7'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.

Subsea 7 Cyclically Adjusted Book per Share Chart

Subsea 7 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 14.51 15.85 16.71 16.48 16.68

Subsea 7 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 15.79 15.80 15.86 16.68 15.92

Competitive Comparison of Subsea 7's Cyclically Adjusted Book per Share

For the Oil & Gas Equipment & Services subindustry, Subsea 7'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.


Subsea 7's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Subsea 7's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Subsea 7's Cyclically Adjusted PB Ratio falls into.



Subsea 7 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, Subsea 7'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)
=14.444/131.6000*131.6000
=14.444

Current CPI (Mar. 2024) = 131.6000.

Subsea 7 Quarterly Data

Book Value per Share CPI Adj_Book
201406 20.344 99.800 26.826
201409 20.910 100.000 27.518
201412 17.118 99.900 22.550
201503 17.085 99.600 22.574
201506 17.791 100.100 23.390
201509 17.917 100.200 23.532
201512 16.512 100.400 21.643
201603 16.793 100.400 22.012
201606 16.975 101.000 22.118
201609 17.388 101.500 22.544
201612 17.136 102.200 22.066
201703 17.384 102.700 22.276
201706 17.283 103.500 21.975
201709 17.873 104.300 22.551
201712 18.047 105.000 22.619
201803 18.299 105.100 22.913
201806 17.579 105.900 21.845
201809 17.726 106.600 21.883
201812 17.809 107.100 21.883
201903 18.054 107.000 22.205
201906 18.097 107.900 22.072
201909 18.120 108.400 21.998
201912 17.834 108.500 21.631
202003 17.538 108.600 21.252
202006 14.516 108.800 17.558
202009 14.431 109.200 17.391
202012 14.203 109.400 17.085
202103 14.253 109.700 17.098
202106 14.006 111.400 16.546
202109 14.104 112.400 16.513
202112 14.160 114.700 16.246
202203 14.148 116.500 15.982
202206 14.059 120.500 15.354
202209 13.809 122.300 14.859
202212 14.202 125.300 14.916
202303 14.538 126.800 15.088
202306 14.312 129.400 14.555
202309 14.370 130.100 14.536
202312 14.388 130.500 14.509
202403 14.444 131.600 14.444

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


Subsea 7  (OTCPK:SUBCY) 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.

Subsea 7's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.41/15.92
=1.09

* 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 Subsea 7 was 3.22. The lowest was 0.36. And the median was 0.93.


Be Aware

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


Subsea 7 Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Subsea 7's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Subsea 7 (Subsea 7) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Subsea 7 SA (OTCPK:SUBCY) » Definitions » Cyclically Adjusted Book per Share
Address
40 Brighton Road, Surrey, Sutton, GBR, SM2 5BN
Subsea 7 is one of the largest engineering and construction, or E&C, service providers in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. It's recently begun to develop expertise in renewables, particularly offshore wind farms, which require equipment and expertise similar to offshore oil and gas developments.

Subsea 7 (Subsea 7) Headlines

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