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Masco (FRA:MSQ) Cyclically Adjusted Book per Share : €-0.30 (As of Mar. 2024)


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What is Masco 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.

Masco's adjusted book value per share for the three months ended in Mar. 2024 was €-0.313. 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 €-0.30 for the trailing ten years ended in Mar. 2024.

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 Masco was 7.10% per year. The lowest was -46.00% per year. And the median was 1.20% per year.

As of today (2024-05-13), Masco's current stock price is €66.48. Masco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €-0.30. Masco's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Masco was 851.67. The lowest was 1.73. And the median was 11.95.


Masco Cyclically Adjusted Book per Share Historical Data

The historical data trend for Masco'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.

Masco Cyclically Adjusted Book per Share Chart

Masco 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 1.19 0.61 0.32 -0.02 -0.24

Masco 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 -0.08 -0.14 -0.19 -0.24 -0.30

Competitive Comparison of Masco's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Masco'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.


Masco's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Masco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Masco 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, Masco'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)
=-0.313/129.4194*129.4194
=-0.313

Current CPI (Mar. 2024) = 129.4194.

Masco Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.445 100.560 1.860
201409 2.544 100.428 3.278
201412 2.172 99.070 2.837
201503 2.044 99.621 2.655
201506 -0.122 100.684 -0.157
201509 -0.421 100.392 -0.543
201512 -0.375 99.792 -0.486
201603 -0.340 100.470 -0.438
201606 -0.315 101.688 -0.401
201609 -0.266 101.861 -0.338
201612 -0.888 101.863 -1.128
201703 -0.785 102.862 -0.988
201706 -0.366 103.349 -0.458
201709 -0.424 104.136 -0.527
201712 -0.144 104.011 -0.179
201803 -0.188 105.290 -0.231
201806 -0.095 106.317 -0.116
201809 0.101 106.507 0.123
201812 -0.332 105.998 -0.405
201903 -0.440 107.251 -0.531
201906 -0.278 108.070 -0.333
201909 -0.454 108.329 -0.542
201912 -0.767 108.420 -0.916
202003 -1.194 108.902 -1.419
202006 -0.464 108.767 -0.552
202009 0.457 109.815 0.539
202012 0.621 109.897 0.731
202103 -0.056 111.754 -0.065
202106 -0.517 114.631 -0.584
202109 -0.439 115.734 -0.491
202112 -0.657 117.630 -0.723
202203 -1.428 121.301 -1.524
202206 -3.113 125.017 -3.223
202209 -2.763 125.227 -2.856
202212 -2.011 125.222 -2.078
202303 -1.573 127.348 -1.599
202306 -0.788 128.729 -0.792
202309 -0.234 129.860 -0.233
202312 -0.524 129.419 -0.524
202403 -0.313 129.419 -0.313

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


Masco  (FRA:MSQ) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Masco was 851.67. The lowest was 1.73. And the median was 11.95.


Be Aware

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


Masco Cyclically Adjusted Book per Share Related Terms

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


Masco (FRA:MSQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masco Corp (FRA:MSQ) » Definitions » Cyclically Adjusted Book per Share
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Address
17450 College Parkway, Livonia, MI, USA, 48152
Masco manufactures a variety of home improvement and building products. The company's $5.3 billion plumbing segment, led by the Delta and Hansgrohe brands, sells faucets, showerheads, and other related plumbing fixtures and components. The $3.4 billion decorative architectural segment primarily sells paints and other coatings under the Behr and Kilz brands, but it also sells builder hardware and lighting products.

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