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Brookfield (BSP:B1AM34) Cyclically Adjusted Book per Share : R$26.23 (As of Mar. 2024)


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What is Brookfield 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.

Brookfield's adjusted book value per share for the three months ended in Mar. 2024 was R$33.306. 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 R$26.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Brookfield's average Cyclically Adjusted Book Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.90% 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 Brookfield was 18.00% per year. The lowest was 4.60% per year. And the median was 13.20% per year.

As of today (2024-05-22), Brookfield's current stock price is R$57.31. Brookfield's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$26.23. Brookfield's Cyclically Adjusted PB Ratio of today is 2.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Brookfield was 2.87. The lowest was 1.46. And the median was 2.05.


Brookfield Cyclically Adjusted Book per Share Historical Data

The historical data trend for Brookfield'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.

Brookfield Cyclically Adjusted Book per Share Chart

Brookfield 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 - 24.94 30.51 22.07 26.00

Brookfield 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 24.05 23.39 25.96 26.00 26.23

Competitive Comparison of Brookfield's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Brookfield'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.


Brookfield's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Brookfield 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, Brookfield'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)
=33.306/126.2576*126.2576
=33.306

Current CPI (Mar. 2024) = 126.2576.

Brookfield Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.488 99.473 9.504
201409 7.756 99.394 9.852
201412 9.560 98.367 12.271
201503 10.978 99.789 13.890
201506 11.593 100.500 14.564
201509 13.802 100.421 17.353
201512 14.121 99.947 17.838
201603 14.068 101.054 17.577
201606 12.871 102.002 15.932
201609 12.679 101.765 15.731
201612 12.748 101.449 15.866
201703 12.241 102.634 15.059
201706 12.792 103.029 15.676
201709 12.497 103.345 15.268
201712 13.777 103.345 16.832
201803 13.474 105.004 16.201
201806 16.004 105.557 19.143
201809 16.205 105.636 19.368
201812 17.379 105.399 20.818
201903 17.684 106.979 20.871
201906 17.923 107.690 21.013
201909 20.059 107.611 23.535
201912 20.986 107.769 24.586
202003 23.142 107.927 27.072
202006 23.963 108.401 27.910
202009 25.892 108.164 30.223
202012 26.982 108.559 31.381
202103 30.744 110.298 35.193
202106 27.841 111.720 31.464
202109 32.663 112.905 36.526
202112 36.373 113.774 40.364
202203 34.450 117.646 36.972
202206 33.652 120.806 35.171
202209 33.616 120.648 35.179
202212 32.955 120.964 34.397
202303 33.261 122.702 34.225
202306 31.423 124.203 31.943
202309 31.978 125.230 32.240
202312 33.508 125.072 33.826
202403 33.306 126.258 33.306

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


Brookfield  (BSP:B1AM34) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=57.31/26.23
=2.18

* 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 Brookfield was 2.87. The lowest was 1.46. And the median was 2.05.


Be Aware

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


Brookfield Cyclically Adjusted Book per Share Related Terms

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


Brookfield (BSP:B1AM34) Business Description

Address
181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Corp owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. The company generates the majority revenue through Private Equity. Located around the world, its assets are concentrated in the United States, and Canada.

Brookfield (BSP:B1AM34) Headlines

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