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Under Armour (BSP:U1AI34) Cyclically Adjusted Book per Share : R$23.27 (As of Mar. 2024)


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What is Under Armour 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.

Under Armour's adjusted book value per share for the three months ended in Mar. 2024 was R$24.596. 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$23.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Under Armour's average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 12.90% 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 Under Armour was 21.90% per year. The lowest was 6.00% per year. And the median was 12.05% per year.

As of today (2024-06-07), Under Armour's current stock price is R$35.48. Under Armour's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$23.27. Under Armour's Cyclically Adjusted PB Ratio of today is 1.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Under Armour was 32.62. The lowest was 1.33. And the median was 6.36.


Under Armour Cyclically Adjusted Book per Share Historical Data

The historical data trend for Under Armour'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.

Under Armour Cyclically Adjusted Book per Share Chart

Under Armour Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.75 22.05 - 20.22 23.27

Under Armour 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 20.22 21.08 22.32 22.89 23.27

Competitive Comparison of Under Armour's Cyclically Adjusted Book per Share

For the Apparel Manufacturing subindustry, Under Armour'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.


Under Armour's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Under Armour 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, Under Armour'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)
=24.596/131.7762*131.7762
=24.596

Current CPI (Mar. 2024) = 131.7762.

Under Armour Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.577 100.560 8.619
201409 7.524 100.428 9.873
201412 9.119 99.070 12.130
201503 11.013 99.621 14.568
201506 11.134 100.684 14.572
201509 15.135 100.392 19.867
201512 16.277 99.792 21.494
201603 10.388 100.470 13.625
201606 13.867 101.688 17.970
201609 14.279 101.861 18.473
201612 15.536 101.863 20.098
201703 14.350 102.862 18.384
201706 15.125 103.349 19.285
201709 14.900 104.136 18.855
201712 15.046 104.011 19.062
201803 14.900 105.290 18.648
201806 16.308 106.317 20.213
201809 18.383 106.507 22.745
201812 17.460 105.998 21.706
201903 17.459 107.251 21.451
201906 17.502 108.070 21.341
201909 19.649 108.329 23.902
201912 19.534 108.420 23.742
202003 16.682 108.902 20.186
202006 16.258 108.767 19.697
202009 17.463 109.815 20.955
202012 18.950 109.897 22.723
202103 21.827 111.754 25.738
202106 19.833 114.631 22.799
202109 21.930 115.734 24.970
202112 24.804 117.630 27.787
202203 18.640 121.301 20.250
202206 19.176 125.017 20.213
202209 21.064 125.227 22.166
202212 21.615 125.222 22.746
202303 23.039 127.348 23.840
202306 21.863 128.729 22.381
202309 23.570 129.860 23.918
202312 24.464 129.419 24.910
202403 24.596 131.776 24.596

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


Under Armour  (BSP:U1AI34) 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.

Under Armour's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.48/23.27
=1.52

* 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 Under Armour was 32.62. The lowest was 1.33. And the median was 6.36.


Be Aware

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


Under Armour Cyclically Adjusted Book per Share Related Terms

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


Under Armour (BSP:U1AI34) Business Description

Address
1020 Hull Street, Baltimore, MD, USA, 21230
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and other regions. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through direct-to-consumer, including e-commerce and more than 400 combined factory house and brand house stores, and wholesale channels. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996.

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