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Donaldson Co (FRA:DNZ) Cyclically Adjusted Book per Share : €8.58 (As of Apr. 2024)


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What is Donaldson Co 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.

Donaldson Co's adjusted book value per share for the three months ended in Apr. 2024 was €11.462. 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 €8.58 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Donaldson Co's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.50% 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 Donaldson Co was 13.90% per year. The lowest was 4.30% per year. And the median was 10.00% per year.

As of today (2024-06-10), Donaldson Co's current stock price is €68.00. Donaldson Co's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was €8.58. Donaldson Co's Cyclically Adjusted PB Ratio of today is 7.93.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Donaldson Co was 9.01. The lowest was 4.67. And the median was 7.24.


Donaldson Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Donaldson Co'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.

Donaldson Co Cyclically Adjusted Book per Share Chart

Donaldson Co Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.13 5.94 6.37 7.99 7.86

Donaldson Co Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 7.82 7.86 8.33 8.24 8.58

Competitive Comparison of Donaldson Co's Cyclically Adjusted Book per Share

For the Specialty Industrial Machinery subindustry, Donaldson Co'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.


Donaldson Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Donaldson Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Donaldson Co 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, Donaldson Co's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book= Book Value per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=11.462/131.7762*131.7762
=11.462

Current CPI (Apr. 2024) = 131.7762.

Donaldson Co Quarterly Data

Book Value per Share CPI Adj_Book
201407 5.276 100.520 6.917
201410 5.129 100.176 6.747
201501 5.197 98.604 6.945
201504 5.760 99.824 7.604
201507 5.233 100.691 6.849
201510 4.941 100.346 6.489
201601 4.862 99.957 6.410
201604 5.292 100.947 6.908
201607 5.226 101.524 6.783
201610 5.371 101.988 6.940
201701 5.526 102.456 7.107
201704 5.679 103.167 7.254
201707 5.643 103.278 7.200
201710 5.743 104.070 7.272
201801 5.192 104.578 6.542
201804 5.258 105.708 6.555
201807 5.670 106.324 7.027
201810 5.780 106.695 7.139
201901 5.957 106.200 7.392
201904 6.545 107.818 7.999
201907 6.216 108.250 7.567
201910 6.516 108.577 7.908
202001 6.644 108.841 8.044
202004 6.846 108.173 8.340
202007 6.797 109.318 8.193
202010 7.044 109.861 8.449
202101 6.995 110.364 8.352
202104 7.667 112.673 8.967
202107 7.694 115.183 8.802
202110 7.788 116.696 8.794
202201 7.991 118.619 8.877
202204 8.469 121.978 9.149
202207 9.089 125.002 9.582
202210 9.617 125.734 10.079
202301 9.145 126.223 9.547
202304 9.756 127.992 10.044
202307 9.858 128.974 10.072
202310 10.500 129.810 10.659
202401 10.496 130.124 10.629
202404 11.462 131.776 11.462

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


Donaldson Co  (FRA:DNZ) 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.

Donaldson Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=68.00/8.58
=7.93

* 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 Donaldson Co was 9.01. The lowest was 4.67. And the median was 7.24.


Be Aware

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


Donaldson Co Cyclically Adjusted Book per Share Related Terms

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


Donaldson Co (FRA:DNZ) Business Description

Industry
Traded in Other Exchanges
Address
1400 West 94th Street, Minneapolis, MN, USA, 55431
Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into three segments: mobile solutions, industrial solutions, and life sciences. Donaldson generated approximately $3.4 billion in revenue and $480 million in operating income in its fiscal 2023.