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H.B. Fuller Co (FRA:HB1) Cyclically Adjusted Book per Share : €25.51 (As of Feb. 2024)


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What is H.B. Fuller 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.

H.B. Fuller Co's adjusted book value per share for the three months ended in Feb. 2024 was €30.098. 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 €25.51 for the trailing ten years ended in Feb. 2024.

During the past 12 months, H.B. Fuller Co's average Cyclically Adjusted Book Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.10% 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 H.B. Fuller Co was 10.50% per year. The lowest was 4.50% per year. And the median was 6.20% per year.

As of today (2024-06-09), H.B. Fuller Co's current stock price is €71.50. H.B. Fuller Co's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was €25.51. H.B. Fuller Co's Cyclically Adjusted PB Ratio of today is 2.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of H.B. Fuller Co was 3.76. The lowest was 1.31. And the median was 2.83.


H.B. Fuller Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for H.B. Fuller 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.

H.B. Fuller Co Cyclically Adjusted Book per Share Chart

H.B. Fuller Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.58 17.56 20.72 24.37 24.87

H.B. Fuller Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 25.01 25.71 25.01 24.87 25.51

Competitive Comparison of H.B. Fuller Co's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, H.B. Fuller 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.


H.B. Fuller Co's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, H.B. Fuller Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



H.B. Fuller 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, H.B. Fuller Co's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=30.098/130.9299*130.9299
=30.098

Current CPI (Feb. 2024) = 130.9299.

H.B. Fuller Co Quarterly Data

Book Value per Share CPI Adj_Book
201405 13.843 100.373 18.057
201408 14.195 100.352 18.520
201411 14.188 99.635 18.644
201502 15.140 99.032 20.017
201505 15.731 100.333 20.528
201508 16.051 100.548 20.901
201511 16.247 100.135 21.244
201602 15.969 100.040 20.900
201605 16.229 101.355 20.965
201608 16.950 101.617 21.840
201611 17.339 101.829 22.294
201702 17.656 102.779 22.492
201705 17.760 103.256 22.520
201708 17.381 103.587 21.969
201711 17.778 104.072 22.366
201802 17.953 105.052 22.375
201805 18.897 106.148 23.309
201808 19.265 106.383 23.710
201811 19.996 106.338 24.620
201902 20.321 106.649 24.948
201905 20.413 108.048 24.736
201908 20.742 108.245 25.089
201911 21.589 108.519 26.048
202002 21.791 109.139 26.142
202005 21.673 108.175 26.232
202008 21.456 109.662 25.617
202011 22.513 109.793 26.847
202102 22.859 110.968 26.971
202105 24.496 113.576 28.239
202108 25.351 115.421 28.757
202111 26.503 117.269 29.590
202202 27.327 119.703 29.890
202205 28.728 123.323 30.500
202208 29.223 124.958 30.620
202211 29.428 125.607 30.675
202302 28.348 126.928 29.242
202305 28.739 128.314 29.325
202308 29.309 129.538 29.624
202311 29.982 129.548 30.302
202402 30.098 130.930 30.098

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


H.B. Fuller Co  (FRA:HB1) 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.

H.B. Fuller Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=71.50/25.51
=2.80

* 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 13 years, the highest Cyclically Adjusted PB Ratio of H.B. Fuller Co was 3.76. The lowest was 1.31. And the median was 2.83.


Be Aware

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


H.B. Fuller Co Cyclically Adjusted Book per Share Related Terms

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


H.B. Fuller Co (FRA:HB1) Business Description

Industry
Traded in Other Exchanges
Address
1200 Willow Lake Boulevard, P.O. Box 64683, Saint Paul, MN, USA, 55110-5101
H.B. Fuller Co manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three business units: constructions, engineering, and hygiene, health and consumable adhesives. It generates the most revenue from hygiene, health and consumable adhesives. This business manufactures and supplies adhesives products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, flexible packaging, graphic arts, and envelope markets. The company generates around half of its revenue in the United States, with the remainder spread across 35 countries. The company has put an emphasis on environmentally friendly products, aligning with a trend of environmental, social, and governance investing.

H.B. Fuller Co (FRA:HB1) Headlines

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