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Sunrun (FRA:3S9) Cyclically Adjusted Book per Share : €15.59 (As of Mar. 2024)


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What is Sunrun 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.

Sunrun's adjusted book value per share for the three months ended in Mar. 2024 was €21.598. 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 €15.59 for the trailing ten years ended in Mar. 2024.

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 (2024-06-09), Sunrun's current stock price is €12.448. Sunrun's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.59. Sunrun's Cyclically Adjusted PB Ratio of today is 0.80.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Sunrun was 1.23. The lowest was 0.55. And the median was 0.74.


Sunrun Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sunrun'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.

Sunrun Cyclically Adjusted Book per Share Chart

Sunrun 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 - - - - 15.36

Sunrun 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 - - 15.08 15.36 15.59

Competitive Comparison of Sunrun's Cyclically Adjusted Book per Share

For the Solar subindustry, Sunrun'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.


Sunrun's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

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

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



Sunrun 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, Sunrun'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)
=21.598/131.7762*131.7762
=21.598

Current CPI (Mar. 2024) = 131.7762.

Sunrun Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 3.324 99.070 4.421
201503 2.948 99.621 3.900
201506 3.159 100.684 4.135
201509 4.964 100.392 6.516
201512 5.022 99.792 6.632
201603 5.002 100.470 6.561
201606 5.253 101.688 6.807
201609 5.435 101.861 7.031
201612 6.115 101.863 7.911
201703 6.195 102.862 7.936
201706 6.059 103.349 7.726
201709 5.930 104.136 7.504
201712 6.939 104.011 8.791
201803 6.975 105.290 8.730
201806 7.425 106.317 9.203
201809 7.421 106.507 9.182
201812 7.370 105.998 9.162
201903 7.131 107.251 8.762
201906 6.914 108.070 8.431
201909 7.136 108.329 8.681
201912 7.330 108.420 8.909
202003 6.573 108.902 7.954
202006 6.448 108.767 7.812
202009 6.879 109.815 8.255
202012 24.806 109.897 29.745
202103 25.442 111.754 30.000
202106 24.881 114.631 28.602
202109 25.568 115.734 29.112
202112 26.590 117.630 29.788
202203 27.161 121.301 29.507
202206 28.328 125.017 29.860
202209 31.390 125.227 33.032
202212 29.566 125.222 31.114
202303 28.075 127.348 29.051
202306 28.056 128.729 28.720
202309 24.149 129.860 24.505
202312 21.861 129.419 22.259
202403 21.598 131.776 21.598

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


Sunrun  (FRA:3S9) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.448/15.59
=0.80

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Sunrun was 1.23. The lowest was 0.55. And the median was 0.74.


Be Aware

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


Sunrun Cyclically Adjusted Book per Share Related Terms

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


Sunrun (FRA:3S9) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunrun Inc (FRA:3S9) » Definitions » Cyclically Adjusted Book per Share
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Address
225 Bush Street, Suite 1400, San Francisco, CA, USA, 94104
Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed either by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.

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