GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Republic Services Inc (FRA:RPU) » Definitions » Cyclically Adjusted Book per Share

Republic Services (FRA:RPU) Cyclically Adjusted Book per Share : €28.45 (As of Mar. 2024)


View and export this data going back to 1998. Start your Free Trial

What is Republic Services 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.

Republic Services's adjusted book value per share for the three months ended in Mar. 2024 was €31.603. 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 €28.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Republic Services's average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.80% 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 Republic Services was 15.30% per year. The lowest was 4.30% per year. And the median was 8.80% per year.

As of today (2024-05-23), Republic Services's current stock price is €172.15. Republic Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €28.45. Republic Services's Cyclically Adjusted PB Ratio of today is 6.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Republic Services was 6.36. The lowest was 2.06. And the median was 3.19.


Republic Services Cyclically Adjusted Book per Share Historical Data

The historical data trend for Republic Services'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.

Republic Services Cyclically Adjusted Book per Share Chart

Republic Services 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 21.62 19.87 23.49 27.00 26.94

Republic Services 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 26.55 26.79 28.77 26.94 28.45

Competitive Comparison of Republic Services's Cyclically Adjusted Book per Share

For the Waste Management subindustry, Republic Services'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.


Republic Services's Cyclically Adjusted PB Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Republic Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Republic Services 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, Republic Services'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)
=31.603/131.7762*131.7762
=31.603

Current CPI (Mar. 2024) = 131.7762.

Republic Services Quarterly Data

Book Value per Share CPI Adj_Book
201406 16.259 100.560 21.306
201409 17.308 100.428 22.711
201412 17.810 99.070 23.690
201503 20.387 99.621 26.967
201506 19.801 100.684 25.916
201509 19.987 100.392 26.235
201512 20.650 99.792 27.268
201603 20.236 100.470 26.541
201606 20.142 101.688 26.102
201609 19.972 101.861 25.838
201612 21.483 101.863 27.792
201703 21.204 102.862 27.164
201706 20.237 103.349 25.803
201709 19.191 104.136 24.285
201712 20.275 104.011 25.687
201803 19.527 105.290 24.439
201806 20.627 106.317 25.566
201809 20.914 106.507 25.876
201812 21.606 105.998 26.860
201903 21.787 107.251 26.769
201906 21.940 108.070 26.753
201909 22.676 108.329 27.584
201912 22.918 108.420 27.855
202003 23.094 108.902 27.945
202006 22.959 108.767 27.816
202009 22.312 109.815 26.774
202012 24.530 109.897 29.414
202103 22.732 111.754 26.805
202106 22.854 114.631 26.272
202109 23.748 115.734 27.040
202112 25.051 117.630 28.064
202203 25.831 121.301 28.062
202206 27.588 125.017 29.080
202209 30.332 125.227 31.918
202212 28.926 125.222 30.440
202303 29.282 127.348 30.300
202306 29.766 128.729 30.471
202309 30.722 129.860 31.175
202312 30.725 129.419 31.285
202403 31.603 131.776 31.603

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


Republic Services  (FRA:RPU) 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.

Republic Services's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=172.15/28.45
=6.05

* 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 Republic Services was 6.36. The lowest was 2.06. And the median was 3.19.


Be Aware

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


Republic Services Cyclically Adjusted Book per Share Related Terms

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


Republic Services (FRA:RPU) Business Description

Industry
Traded in Other Exchanges
Address
18500 North Allied Way, Phoenix, AZ, USA, 85054
Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 206 active landfills and 233 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.

Republic Services (FRA:RPU) Headlines

No Headlines