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LSI Industries (FRA:LS2) Cyclically Adjusted Book per Share : €6.03 (As of Mar. 2024)


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What is LSI Industries 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.

LSI Industries's adjusted book value per share for the three months ended in Mar. 2024 was €6.271. 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 €6.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, LSI Industries's average Cyclically Adjusted Book Growth Rate was -0.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -1.50% 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 LSI Industries was 14.50% per year. The lowest was -2.90% per year. And the median was 2.10% per year.

As of today (2024-05-10), LSI Industries's current stock price is €14.50. LSI Industries's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.03. LSI Industries's Cyclically Adjusted PB Ratio of today is 2.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of LSI Industries was 2.42. The lowest was 0.41. And the median was 1.16.


LSI Industries Cyclically Adjusted Book per Share Historical Data

The historical data trend for LSI Industries'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.

LSI Industries Cyclically Adjusted Book per Share Chart

LSI Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.43 5.51 5.29 6.31 5.98

LSI Industries 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 5.89 5.98 6.23 5.93 6.03

Competitive Comparison of LSI Industries's Cyclically Adjusted Book per Share

For the Electronic Components subindustry, LSI Industries'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.


LSI Industries's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



LSI Industries 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, LSI Industries'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)
=6.271/129.4194*129.4194
=6.271

Current CPI (Mar. 2024) = 129.4194.

LSI Industries Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.223 100.560 5.435
201409 4.460 100.428 5.748
201412 4.733 99.070 6.183
201503 5.393 99.621 7.006
201506 5.222 100.684 6.712
201509 5.409 100.392 6.973
201512 5.701 99.792 7.394
201603 5.570 100.470 7.175
201606 5.540 101.688 7.051
201609 5.592 101.861 7.105
201612 5.979 101.863 7.596
201703 5.880 102.862 7.398
201706 5.603 103.349 7.016
201709 4.744 104.136 5.896
201712 4.705 104.011 5.854
201803 4.489 105.290 5.518
201806 4.649 106.317 5.659
201809 4.686 106.507 5.694
201812 4.226 105.998 5.160
201903 4.109 107.251 4.958
201906 4.088 108.070 4.896
201909 4.293 108.329 5.129
201912 4.269 108.420 5.096
202003 4.314 108.902 5.127
202006 4.246 108.767 5.052
202009 4.108 109.815 4.841
202012 4.027 109.897 4.742
202103 4.156 111.754 4.813
202106 4.106 114.631 4.636
202109 4.324 115.734 4.835
202112 4.615 117.630 5.078
202203 4.858 121.301 5.183
202206 5.243 125.017 5.428
202209 5.590 125.227 5.777
202212 5.415 125.222 5.597
202303 5.526 127.348 5.616
202306 5.761 128.729 5.792
202309 6.053 129.860 6.032
202312 6.088 129.419 6.088
202403 6.271 129.419 6.271

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


LSI Industries  (FRA:LS2) 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.

LSI Industries's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.50/6.03
=2.40

* 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 LSI Industries was 2.42. The lowest was 0.41. And the median was 1.16.


Be Aware

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


LSI Industries Cyclically Adjusted Book per Share Related Terms

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


LSI Industries (FRA:LS2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LSI Industries Inc (FRA:LS2) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
10000 Alliance Road, Cincinnati, OH, USA, 45242
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Lighting segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.

LSI Industries (FRA:LS2) Headlines

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