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Envestnet (FRA:30E) Cyclically Adjusted Book per Share : €13.24 (As of Mar. 2024)


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What is Envestnet 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.

Envestnet's adjusted book value per share for the three months ended in Mar. 2024 was €9.699. 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 €13.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Envestnet's average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.30% 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 Envestnet was 19.20% per year. The lowest was 15.60% per year. And the median was 19.00% per year.

As of today (2024-06-02), Envestnet's current stock price is €60.50. Envestnet's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €13.24. Envestnet's Cyclically Adjusted PB Ratio of today is 4.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Envestnet was 11.23. The lowest was 2.44. And the median was 7.55.


Envestnet Cyclically Adjusted Book per Share Historical Data

The historical data trend for Envestnet'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.

Envestnet Cyclically Adjusted Book per Share Chart

Envestnet 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 7.03 7.39 10.08 12.18 12.76

Envestnet 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 12.19 12.83 13.06 12.76 13.24

Competitive Comparison of Envestnet's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Envestnet'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.


Envestnet's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Envestnet 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, Envestnet'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)
=9.699/131.7762*131.7762
=9.699

Current CPI (Mar. 2024) = 131.7762.

Envestnet Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.517 100.560 4.609
201409 3.908 100.428 5.128
201412 4.729 99.070 6.290
201503 5.673 99.621 7.504
201506 5.933 100.684 7.765
201509 6.152 100.392 8.075
201512 9.612 99.792 12.693
201603 9.127 100.470 11.971
201606 8.975 101.688 11.631
201609 9.032 101.861 11.685
201612 9.052 101.863 11.710
201703 8.616 102.862 11.038
201706 8.147 103.349 10.388
201709 7.764 104.136 9.825
201712 8.247 104.011 10.448
201803 8.161 105.290 10.214
201806 9.441 106.317 11.702
201809 9.607 106.507 11.886
201812 11.575 105.998 14.390
201903 11.326 107.251 13.916
201906 14.536 108.070 17.725
201909 14.926 108.329 18.157
201912 14.802 108.420 17.991
202003 14.651 108.902 17.728
202006 14.471 108.767 17.532
202009 15.042 109.815 18.050
202012 14.836 109.897 17.790
202103 14.114 111.754 16.643
202106 13.968 114.631 16.057
202109 14.698 115.734 16.735
202112 15.459 117.630 17.318
202203 15.658 121.301 17.010
202206 15.998 125.017 16.863
202209 17.175 125.227 18.073
202212 13.188 125.222 13.878
202303 12.458 127.348 12.891
202306 12.234 128.729 12.524
202309 12.753 129.860 12.941
202312 9.512 129.419 9.685
202403 9.699 131.776 9.699

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


Envestnet  (FRA:30E) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=60.50/13.24
=4.57

* 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 Envestnet was 11.23. The lowest was 2.44. And the median was 7.55.


Be Aware

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


Envestnet Cyclically Adjusted Book per Share Related Terms

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


Envestnet (FRA:30E) Business Description

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Address
1000 Chesterbrook Boulevard, Suite 250, Berwyn, Pennsylvania, IL, USA, 60601
Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provide research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation, which is reported in the firm's data and analytics segment. In 2019, Envestnet acquired MoneyGuidePro to bolster its financial planning tools.

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