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AerCap Holdings NV (FRA:R1D) Cyclically Adjusted Book per Share : €62.97 (As of Mar. 2024)


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What is AerCap Holdings NV 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.

AerCap Holdings NV's adjusted book value per share for the three months ended in Mar. 2024 was €78.647. 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 €62.97 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AerCap Holdings NV's average Cyclically Adjusted Book Growth Rate was 10.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.10% 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 AerCap Holdings NV was 18.40% per year. The lowest was 16.10% per year. And the median was 16.60% per year.

As of today (2024-05-17), AerCap Holdings NV's current stock price is €82.54. AerCap Holdings NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €62.97. AerCap Holdings NV's Cyclically Adjusted PB Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of AerCap Holdings NV was 2.86. The lowest was 0.49. And the median was 1.50.


AerCap Holdings NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for AerCap Holdings NV'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.

AerCap Holdings NV Cyclically Adjusted Book per Share Chart

AerCap Holdings NV 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 33.62 33.53 44.42 54.30 58.48

AerCap Holdings NV 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 56.29 57.61 60.64 58.48 62.97

Competitive Comparison of AerCap Holdings NV's Cyclically Adjusted Book per Share

For the Rental & Leasing Services subindustry, AerCap Holdings NV'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.


AerCap Holdings NV's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AerCap Holdings NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AerCap Holdings NV 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, AerCap Holdings NV'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)
=78.647/120.9901*120.9901
=78.647

Current CPI (Mar. 2024) = 120.9901.

AerCap Holdings NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 24.944 100.773 29.948
201409 27.646 100.474 33.291
201412 30.038 99.576 36.498
201503 35.612 99.975 43.098
201506 34.962 100.573 42.060
201509 36.355 100.274 43.866
201512 38.256 99.676 46.436
201603 38.538 99.676 46.779
201606 39.566 101.072 47.363
201609 41.032 100.274 49.509
201612 45.851 99.676 55.655
201703 46.899 100.374 56.532
201706 46.405 100.673 55.770
201709 45.378 100.474 54.644
201712 47.387 100.075 57.291
201803 47.355 100.573 56.968
201806 49.996 101.072 59.849
201809 51.724 101.371 61.735
201812 54.388 100.773 65.300
201903 56.462 101.670 67.192
201906 58.392 102.168 69.149
201909 61.828 102.268 73.147
201912 63.712 102.068 75.523
202003 65.503 102.367 77.419
202006 65.973 101.769 78.433
202009 57.653 101.072 69.015
202012 55.879 101.072 66.891
202103 58.723 102.367 69.406
202106 58.393 103.364 68.350
202109 62.803 104.859 72.464
202112 59.761 106.653 67.794
202203 54.169 109.245 59.993
202206 57.851 112.779 62.063
202209 63.947 113.504 68.165
202212 61.867 115.436 64.844
202303 63.091 117.609 64.905
202306 64.755 119.662 65.474
202309 71.886 120.749 72.030
202312 75.123 120.749 75.273
202403 78.647 120.990 78.647

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


AerCap Holdings NV  (FRA:R1D) 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.

AerCap Holdings NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=82.54/62.97
=1.31

* 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 AerCap Holdings NV was 2.86. The lowest was 0.49. And the median was 1.50.


Be Aware

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


AerCap Holdings NV Cyclically Adjusted Book per Share Related Terms

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


AerCap Holdings NV (FRA:R1D) Business Description

Industry
Traded in Other Exchanges
Address
65 St. Stephen's Green, AerCap House, Dublin, IRL, D02 YX20
AerCap Holdings NV is an aircraft leasing company. Its major activities include leasing, financing, sales, and management of commercial aircraft and engines. It also provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. Its geographical segments include China, United States, and Other countries.

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