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Knowles (FRA:1K3) Cyclically Adjusted Book per Share : €14.17 (As of Mar. 2024)


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What is Knowles 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.

Knowles's adjusted book value per share for the three months ended in Mar. 2024 was €10.599. 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 €14.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Knowles's average Cyclically Adjusted Book Growth Rate was -2.70% 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 (2024-05-28), Knowles's current stock price is €16.00. Knowles's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.17. Knowles's Cyclically Adjusted PB Ratio of today is 1.13.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Knowles was 1.23. The lowest was 0.74. And the median was 1.02.


Knowles Cyclically Adjusted Book per Share Historical Data

The historical data trend for Knowles'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.

Knowles Cyclically Adjusted Book per Share Chart

Knowles 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 - - - 15.04 14.38

Knowles 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 14.55 14.70 15.33 14.38 14.17

Competitive Comparison of Knowles's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Knowles'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.


Knowles's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Knowles's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Knowles 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, Knowles'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)
=10.599/131.7762*131.7762
=10.599

Current CPI (Mar. 2024) = 131.7762.

Knowles Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.413 100.560 14.956
201409 11.601 100.428 15.222
201412 11.786 99.070 15.677
201503 12.713 99.621 16.816
201506 12.215 100.684 15.987
201509 12.093 100.392 15.874
201512 10.449 99.792 13.798
201603 10.112 100.470 13.263
201606 10.066 101.688 13.044
201609 10.311 101.861 13.339
201612 10.773 101.863 13.937
201703 10.765 102.862 13.791
201706 10.053 103.349 12.818
201709 9.724 104.136 12.305
201712 10.690 104.011 13.544
201803 10.285 105.290 12.872
201806 10.855 106.317 13.454
201809 10.690 106.507 13.226
201812 11.805 105.998 14.676
201903 11.848 107.251 14.557
201906 11.920 108.070 14.535
201909 12.473 108.329 15.173
201912 12.646 108.420 15.370
202003 12.415 108.902 15.023
202006 12.052 108.767 14.602
202009 11.713 109.815 14.055
202012 11.696 109.897 14.025
202103 11.987 111.754 14.135
202106 12.020 114.631 13.818
202109 12.577 115.734 14.320
202112 14.056 117.630 15.746
202203 14.440 121.301 15.687
202206 12.377 125.017 13.046
202209 13.107 125.227 13.793
202212 10.291 125.222 10.830
202303 10.095 127.348 10.446
202306 9.990 128.729 10.227
202309 10.312 129.860 10.464
202312 10.644 129.419 10.838
202403 10.599 131.776 10.599

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


Knowles  (FRA:1K3) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.00/14.17
=1.13

* 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 Knowles was 1.23. The lowest was 0.74. And the median was 1.02.


Be Aware

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


Knowles Cyclically Adjusted Book per Share Related Terms

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


Knowles (FRA:1K3) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Knowles Corp (FRA:1K3) » Definitions » Cyclically Adjusted Book per Share
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Address
1151 Maplewood Drive, Itasca, IL, USA, 60143
Knowles Corp is engaged in the manufacturing of micro-acoustic microphones and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency filtering products. It operates in three segments; the Precision Devices segment specializes in the design and delivery of high-performance capacitor products and RF solutions, Medtech & Specialty Audio segment designs and manufactures microphones and balanced armature speakers used in applications and the Consumer MEMS Microphones segment designs and manufactures micro-electro-mechanical systems microphones and audio solutions used in applications. The majority of its revenue comes from the Consumer MEMS Microphones segment.

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