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GrafTech International (FRA:G6G) Cyclically Adjusted Book per Share : €1.30 (As of Mar. 2024)


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What is GrafTech International 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.

GrafTech International's adjusted book value per share for the three months ended in Mar. 2024 was €0.135. 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 €1.30 for the trailing ten years ended in Mar. 2024.

During the past 12 months, GrafTech International's average Cyclically Adjusted Book Growth Rate was -45.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -28.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -21.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -7.80% 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 GrafTech International was 97.40% per year. The lowest was -28.20% per year. And the median was 2.20% per year.

As of today (2024-06-08), GrafTech International's current stock price is €1.26. GrafTech International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €1.30. GrafTech International's Cyclically Adjusted PB Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of GrafTech International was 3.38. The lowest was 0.77. And the median was 2.04.


GrafTech International Cyclically Adjusted Book per Share Historical Data

The historical data trend for GrafTech International'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.

GrafTech International Cyclically Adjusted Book per Share Chart

GrafTech International 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 4.80 3.34 3.29 2.55 1.56

GrafTech International 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 2.33 2.09 1.89 1.56 1.30

Competitive Comparison of GrafTech International's Cyclically Adjusted Book per Share

For the Electrical Equipment & Parts subindustry, GrafTech International'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.


GrafTech International's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



GrafTech International 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, GrafTech International'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)
=0.135/131.7762*131.7762
=0.135

Current CPI (Mar. 2024) = 131.7762.

GrafTech International Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.291 100.560 8.244
201409 6.301 100.428 8.268
201412 5.951 99.070 7.916
201503 6.216 99.621 8.222
201506 5.900 100.684 7.722
201509 5.454 100.392 7.159
201512 5.419 99.792 7.156
201603 2.338 100.470 3.067
201606 1.936 101.688 2.509
201609 1.878 101.861 2.430
201612 1.811 101.863 2.343
201703 1.720 102.862 2.203
201706 1.612 103.349 2.055
201709 1.529 104.136 1.935
201712 1.715 104.011 2.173
201803 -0.741 105.290 -0.927
201806 -2.807 106.317 -3.479
201809 -3.063 106.507 -3.790
201812 -3.258 105.998 -4.050
201903 -2.685 107.251 -3.299
201906 -2.162 108.070 -2.636
201909 -1.902 108.329 -2.314
201912 -2.299 108.420 -2.794
202003 -2.305 108.902 -2.789
202006 -1.910 108.767 -2.314
202009 -1.500 109.815 -1.800
202012 -1.013 109.897 -1.215
202103 -0.735 111.754 -0.867
202106 -0.547 114.631 -0.629
202109 -0.357 115.734 -0.406
202112 0.079 117.630 0.089
202203 0.472 121.301 0.513
202206 0.720 125.017 0.759
202209 1.067 125.227 1.123
202212 1.242 125.222 1.307
202303 1.203 127.348 1.245
202306 1.153 128.729 1.180
202309 1.054 129.860 1.070
202312 0.279 129.419 0.284
202403 0.135 131.776 0.135

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


GrafTech International  (FRA:G6G) 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.

GrafTech International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.26/1.3
=0.97

* 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 GrafTech International was 3.38. The lowest was 0.77. And the median was 2.04.


Be Aware

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


GrafTech International Cyclically Adjusted Book per Share Related Terms

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


GrafTech International (FRA:G6G) Business Description

Traded in Other Exchanges
Address
982 Keynote Circle, Brooklyn Heights, Independence, OH, USA, 44131
GrafTech International Ltd is a producer of specialized graphite electrodes. The electrode is an essential part of the electric arc furnace process used in aluminum smelters and steel minimills. The company operates into one reporting segment namely Industrial Materials. The Industrial Materials segment manufactures high-quality graphite electrodes essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. It offers graphite electrodes and needle coke products.

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