GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » KION GROUP AG (OTCPK:KIGRY) » Definitions » Cyclically Adjusted Book per Share

KION GROUP AG (KION GROUP AG) Cyclically Adjusted Book per Share : $9.04 (As of Mar. 2024)


View and export this data going back to 2015. Start your Free Trial

What is KION GROUP AG 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.

KION GROUP AG's adjusted book value per share for the three months ended in Mar. 2024 was $12.305. 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 $9.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, KION GROUP AG's average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 25.40% 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 KION GROUP AG was 25.40% per year. The lowest was 24.80% per year. And the median was 25.10% per year.

As of today (2024-06-06), KION GROUP AG's current stock price is $11.26. KION GROUP AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.04. KION GROUP AG's Cyclically Adjusted PB Ratio of today is 1.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of KION GROUP AG was 5.17. The lowest was 0.69. And the median was 2.52.


KION GROUP AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for KION GROUP AG'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.

KION GROUP AG Cyclically Adjusted Book per Share Chart

KION GROUP AG 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 4.18 5.01 6.29 7.64 8.98

KION GROUP AG 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 8.24 8.53 8.42 8.98 9.04

Competitive Comparison of KION GROUP AG's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, KION GROUP AG'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.


KION GROUP AG's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



KION GROUP AG 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, KION GROUP AG'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)
=12.305/125.0381*125.0381
=12.305

Current CPI (Mar. 2024) = 125.0381.

KION GROUP AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.391 99.543 6.772
201409 5.224 99.823 6.544
201412 5.090 99.543 6.394
201503 4.422 99.717 5.545
201506 4.927 100.417 6.135
201509 4.973 100.417 6.192
201512 5.042 99.717 6.322
201603 5.037 100.017 6.297
201606 4.753 100.717 5.901
201609 5.505 101.017 6.814
201612 5.634 101.217 6.960
201703 6.244 101.417 7.698
201706 7.037 102.117 8.617
201709 7.566 102.717 9.210
201712 7.443 102.617 9.069
201803 7.815 102.917 9.495
201806 7.483 104.017 8.995
201809 7.742 104.718 9.244
201812 7.907 104.217 9.487
201903 8.132 104.217 9.757
201906 7.848 105.718 9.282
201909 7.872 106.018 9.284
201912 8.342 105.818 9.857
202003 0.000 105.718 0.000
202006 8.349 106.618 9.791
202009 8.637 105.818 10.206
202012 9.939 105.518 11.778
202103 10.623 107.518 12.354
202106 10.968 108.486 12.641
202109 11.168 109.435 12.760
202112 11.155 110.384 12.636
202203 11.508 113.968 12.626
202206 11.333 115.760 12.241
202209 10.843 118.818 11.411
202212 11.328 119.345 11.868
202303 11.537 122.402 11.785
202306 11.696 123.140 11.876
202309 11.890 124.195 11.971
202312 11.990 123.773 12.113
202403 12.305 125.038 12.305

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


KION GROUP AG  (OTCPK:KIGRY) 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.

KION GROUP AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.26/9.04
=1.25

* 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 KION GROUP AG was 5.17. The lowest was 0.69. And the median was 2.52.


Be Aware

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


KION GROUP AG Cyclically Adjusted Book per Share Related Terms

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


KION GROUP AG (KION GROUP AG) Business Description

Address
Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549
Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.

KION GROUP AG (KION GROUP AG) Headlines