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Primoris Services (FRA:1PM) Cyclically Adjusted Book per Share : €14.68 (As of Mar. 2024)


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What is Primoris Services 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.

Primoris Services's adjusted book value per share for the three months ended in Mar. 2024 was €21.433. 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 €14.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Primoris Services's average Cyclically Adjusted Book Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.20% 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 Primoris Services was 16.10% per year. The lowest was 11.80% per year. And the median was 14.90% per year.

As of today (2024-05-22), Primoris Services's current stock price is €47.60. Primoris Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.68. Primoris Services's Cyclically Adjusted PB Ratio of today is 3.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Primoris Services was 4.41. The lowest was 1.21. And the median was 2.53.


Primoris Services Cyclically Adjusted Book per Share Historical Data

The historical data trend for Primoris Services'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.

Primoris Services Cyclically Adjusted Book per Share Chart

Primoris Services 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 7.75 8.01 10.53 12.81 14.10

Primoris Services 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 12.89 13.59 14.43 14.10 14.68

Competitive Comparison of Primoris Services's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Primoris Services'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.


Primoris Services's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Primoris Services 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, Primoris Services'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)
=21.433/131.7762*131.7762
=21.433

Current CPI (Mar. 2024) = 131.7762.

Primoris Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.038 100.560 7.912
201409 6.723 100.428 8.822
201412 7.138 99.070 9.495
201503 8.148 99.621 10.778
201506 7.875 100.684 10.307
201509 8.160 100.392 10.711
201512 8.585 99.792 11.337
201603 8.417 100.470 11.040
201606 8.388 101.688 10.870
201609 8.435 101.861 10.912
201612 9.142 101.863 11.827
201703 9.081 102.862 11.634
201706 8.972 103.349 11.440
201709 8.754 104.136 11.078
201712 9.139 104.011 11.579
201803 8.754 105.290 10.956
201806 9.393 106.317 11.642
201809 9.831 106.507 12.163
201812 10.472 105.998 13.019
201903 10.559 107.251 12.974
201906 10.776 108.070 13.140
201909 11.643 108.329 14.163
201912 11.623 108.420 14.127
202003 11.523 108.902 13.943
202006 11.875 108.767 14.387
202009 12.065 109.815 14.478
202012 12.212 109.897 14.643
202103 14.093 111.754 16.618
202106 14.466 114.631 16.630
202109 15.441 115.734 17.581
202112 16.472 117.630 18.453
202203 16.825 121.301 18.278
202206 18.362 125.017 19.355
202209 20.310 125.227 21.372
202212 19.703 125.222 20.734
202303 19.442 127.348 20.118
202306 19.896 128.729 20.367
202309 21.019 129.860 21.329
202312 21.240 129.419 21.627
202403 21.433 131.776 21.433

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


Primoris Services  (FRA:1PM) 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.

Primoris Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.60/14.68
=3.24

* 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 Primoris Services was 4.41. The lowest was 1.21. And the median was 2.53.


Be Aware

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


Primoris Services Cyclically Adjusted Book per Share Related Terms

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


Primoris Services (FRA:1PM) Business Description

Industry
Traded in Other Exchanges
Address
2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201
Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.

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