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United Parcel Service (UKEX:UPS) Cyclically Adjusted Book per Share : ₴443.50 (As of Mar. 2024)


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What is United Parcel Service 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.

United Parcel Service's adjusted book value per share for the three months ended in Mar. 2024 was ₴800.701. 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 ₴443.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United Parcel Service's average Cyclically Adjusted Book Growth Rate was 23.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 22.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% 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 United Parcel Service was 22.30% per year. The lowest was -16.10% per year. And the median was -6.40% per year.

As of today (2024-06-12), United Parcel Service's current stock price is ₴7316.00. United Parcel Service's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴443.50. United Parcel Service's Cyclically Adjusted PB Ratio of today is 16.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of United Parcel Service was 45.98. The lowest was 6.92. And the median was 18.37.


United Parcel Service Cyclically Adjusted Book per Share Historical Data

The historical data trend for United Parcel Service'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.

United Parcel Service Cyclically Adjusted Book per Share Chart

United Parcel Service 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 - - - 283.23 399.23

United Parcel Service 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 274.93 319.58 391.45 399.23 443.50

Competitive Comparison of United Parcel Service's Cyclically Adjusted Book per Share

For the Integrated Freight & Logistics subindustry, United Parcel Service'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.


United Parcel Service's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



United Parcel Service 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, United Parcel Service'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)
=800.701/131.7762*131.7762
=800.701

Current CPI (Mar. 2024) = 131.7762.

United Parcel Service Quarterly Data

Book Value per Share CPI Adj_Book
201406 246.616 100.560 323.173
201409 250.876 100.428 329.187
201412 95.771 99.070 127.388
201503 82.178 99.621 108.703
201506 88.104 100.684 115.311
201509 87.644 100.392 115.044
201512 112.858 99.792 149.029
201603 112.518 100.470 147.578
201606 120.941 101.688 156.726
201609 127.198 101.861 164.554
201612 18.881 101.863 24.426
201703 24.952 102.862 31.966
201706 58.220 103.349 74.234
201709 70.868 104.136 89.678
201712 46.845 104.011 59.350
201803 63.162 105.290 79.051
201806 109.585 106.317 135.827
201809 146.001 106.507 180.641
201812 142.538 105.998 177.203
201903 163.201 107.251 200.521
201906 207.694 108.070 253.255
201909 262.201 108.329 318.952
201912 154.325 108.420 187.570
202003 155.185 108.902 187.782
202006 204.759 108.767 248.074
202009 262.134 109.815 314.557
202012 30.762 109.897 36.886
202103 332.715 111.754 392.324
202106 501.794 114.631 576.845
202109 561.126 115.734 638.904
202112 663.445 117.630 743.234
202203 714.295 121.301 775.979
202206 758.129 125.017 799.119
202209 794.297 125.227 835.841
202212 932.683 125.222 981.502
202303 944.562 127.348 977.408
202306 948.082 128.729 970.527
202309 910.977 129.860 924.423
202312 820.733 129.419 835.679
202403 800.701 131.776 800.701

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


United Parcel Service  (UKEX:UPS) 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.

United Parcel Service's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=7316.00/443.5
=16.50

* 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 United Parcel Service was 45.98. The lowest was 6.92. And the median was 18.37.


Be Aware

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


United Parcel Service Cyclically Adjusted Book per Share Related Terms

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


United Parcel Service (UKEX:UPS) Business Description

Address
55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, USA, 30328
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder.