GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Liberty Broadband Corp (BSP:LBRD34) » Definitions » Cyclically Adjusted Book per Share

Liberty Broadband (BSP:LBRD34) Cyclically Adjusted Book per Share : R$25.93 (As of Mar. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Liberty Broadband 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.

Liberty Broadband's adjusted book value per share for the three months ended in Mar. 2024 was R$26.546. 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$25.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Liberty Broadband's average Cyclically Adjusted Book Growth Rate was 5.50% 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 (2024-05-22), Liberty Broadband's current stock price is R$22.46. Liberty Broadband's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$25.93. Liberty Broadband's Cyclically Adjusted PB Ratio of today is 0.87.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Liberty Broadband was 2.18. The lowest was 0.79. And the median was 1.38.


Liberty Broadband Cyclically Adjusted Book per Share Historical Data

The historical data trend for Liberty Broadband'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.

Liberty Broadband Cyclically Adjusted Book per Share Chart

Liberty Broadband 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 - - - 29.26 24.27

Liberty Broadband 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 24.79 22.84 24.95 24.27 25.93

Competitive Comparison of Liberty Broadband's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Liberty Broadband'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.


Liberty Broadband's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Liberty Broadband's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Liberty Broadband 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, Liberty Broadband'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)
=26.546/131.7762*131.7762
=26.546

Current CPI (Mar. 2024) = 131.7762.

Liberty Broadband Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.205 100.560 8.131
201409 6.415 100.428 8.417
201412 6.403 99.070 8.517
201503 8.122 99.621 10.744
201506 8.027 100.684 10.506
201509 10.006 100.392 13.134
201512 9.859 99.792 13.019
201603 9.330 100.470 12.237
201606 13.223 101.688 17.136
201609 12.571 101.861 16.263
201612 13.031 101.863 16.858
201703 12.155 102.862 15.572
201706 12.804 103.349 16.326
201709 12.159 104.136 15.386
201712 15.881 104.011 20.120
201803 15.839 105.290 19.823
201806 18.232 106.317 22.598
201809 19.985 106.507 24.727
201812 18.912 105.998 23.511
201903 18.681 107.251 22.953
201906 18.738 108.070 22.848
201909 20.067 108.329 24.410
201912 20.060 108.420 24.381
202003 23.830 108.902 28.835
202006 25.478 108.767 30.868
202009 26.233 109.815 31.479
202012 29.457 109.897 35.322
202103 31.352 111.754 36.969
202106 26.899 114.631 30.922
202109 27.359 115.734 31.151
202112 27.968 117.630 31.332
202203 24.091 121.301 26.171
202206 24.258 125.017 25.570
202209 25.025 125.227 26.334
202212 25.294 125.222 26.618
202303 25.432 127.348 26.316
202306 24.396 128.729 24.974
202309 25.268 129.860 25.641
202312 25.535 129.419 26.000
202403 26.546 131.776 26.546

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


Liberty Broadband  (BSP:LBRD34) 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.

Liberty Broadband's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.46/25.93
=0.87

* 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 Liberty Broadband was 2.18. The lowest was 0.79. And the median was 1.38.


Be Aware

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


Liberty Broadband Cyclically Adjusted Book per Share Related Terms

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


Liberty Broadband (BSP:LBRD34) Business Description

Address
12300 Liberty Boulevard, Englewood, CO, USA, 80112
Liberty Broadband Corp serves in the telecommunications industry in the United States. It provides cable services to both residential and small to medium businesses through its fiber, hybrid fiber, and coaxial cable infrastructure. The services provided by the company are residential services which include video services, internet services, voice services, and mobile services, commercial services which include small, and medium business and enterprise solutions, advertising services, and other services which include security and home management. The reportable segments of the company are GCI Holdings, Charter. The firm derives the majority of its revenue from GCI Holdings.

Liberty Broadband (BSP:LBRD34) Headlines

No Headlines