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Fair Isaac (FRA:FRI) Cyclically Adjusted Book per Share : €2.64 (As of Mar. 2024)


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What is Fair Isaac 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.

Fair Isaac's adjusted book value per share for the three months ended in Mar. 2024 was €-27.342. 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 €2.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Fair Isaac's average Cyclically Adjusted Book Growth Rate was -63.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -27.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -15.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -5.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Fair Isaac was 33.00% per year. The lowest was -27.00% per year. And the median was 8.40% per year.

As of today (2024-05-14), Fair Isaac's current stock price is €1225.50. Fair Isaac's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €2.64. Fair Isaac's Cyclically Adjusted PB Ratio of today is 464.20.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fair Isaac was 481.06. The lowest was 3.22. And the median was 15.08.


Fair Isaac Cyclically Adjusted Book per Share Historical Data

The historical data trend for Fair Isaac'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.

Fair Isaac Cyclically Adjusted Book per Share Chart

Fair Isaac Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.69 11.61 11.34 10.32 5.08

Fair Isaac 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 6.85 5.87 5.08 3.63 2.64

Competitive Comparison of Fair Isaac's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Fair Isaac'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.


Fair Isaac's Cyclically Adjusted PB Ratio Distribution in the Software Industry

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

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



Fair Isaac 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, Fair Isaac'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)
=-27.342/129.4194*129.4194
=-27.342

Current CPI (Mar. 2024) = 129.4194.

Fair Isaac Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.734 100.560 13.815
201409 11.008 100.428 14.186
201412 10.308 99.070 13.466
201503 11.228 99.621 14.586
201506 11.351 100.684 14.591
201509 12.444 100.392 16.042
201512 12.353 99.792 16.020
201603 12.259 100.470 15.791
201606 12.308 101.688 15.665
201609 12.870 101.861 16.352
201612 12.837 101.863 16.310
201703 12.898 102.862 16.228
201706 12.538 103.349 15.701
201709 11.833 104.136 14.706
201712 10.774 104.011 13.406
201803 10.077 105.290 12.386
201806 8.603 106.317 10.472
201809 8.490 106.507 10.316
201812 6.894 105.998 8.417
201903 7.538 107.251 9.096
201906 8.208 108.070 9.830
201909 9.090 108.329 10.860
201912 7.430 108.420 8.869
202003 6.664 108.902 7.920
202006 7.572 108.767 9.010
202009 9.661 109.815 11.386
202012 9.113 109.897 10.732
202103 6.506 111.754 7.534
202106 3.650 114.631 4.121
202109 -3.421 115.734 -3.826
202112 -17.971 117.630 -19.772
202203 -23.185 121.301 -24.737
202206 -31.748 125.017 -32.866
202209 -32.200 125.227 -33.278
202212 -30.100 125.222 -31.109
202303 -28.778 127.348 -29.246
202306 -26.104 128.729 -26.244
202309 -26.025 129.860 -25.937
202312 -26.751 129.419 -26.751
202403 -27.342 129.419 -27.342

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


Fair Isaac  (FRA:FRI) 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.

Fair Isaac's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1225.50/2.64
=464.20

* 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 Fair Isaac was 481.06. The lowest was 3.22. And the median was 15.08.


Be Aware

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


Fair Isaac Cyclically Adjusted Book per Share Related Terms

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


Fair Isaac (FRA:FRI) Business Description

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Founded in 1956, Fair Isaac Corporation is a leading applied analytics company. Fair Isaac is primarily known for its FICO credit scores, which is a widely used industry benchmark to determine the creditworthiness of an individual consumer. The firm's credit scores business accounts for most of the firm's profits and consists of business-to-business and business-to-consumer offerings. In addition to scores, Fair Isaac also sells software primarily to financial institutions for areas such as analytics, decision-making, customer workflows, and fraud.