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Genie Energy (LTS:0IUS) Cyclically Adjusted Book per Share : $4.81 (As of Mar. 2024)


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What is Genie Energy 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.

Genie Energy's adjusted book value per share for the three months ended in Mar. 2024 was $7.096. 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 $4.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Genie Energy's average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 Genie Energy was 4.90% per year. The lowest was 4.90% per year. And the median was 4.90% per year.

As of today (2024-05-26), Genie Energy's current stock price is $15.16. Genie Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $4.81. Genie Energy's Cyclically Adjusted PB Ratio of today is 3.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Genie Energy was 6.21. The lowest was 1.10. And the median was 2.07.


Genie Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Genie Energy'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.

Genie Energy Cyclically Adjusted Book per Share Chart

Genie Energy 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 - 4.87 4.11 4.78 4.83

Genie Energy 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 4.34 4.62 4.82 4.83 4.81

Competitive Comparison of Genie Energy's Cyclically Adjusted Book per Share

For the Utilities - Regulated Electric subindustry, Genie Energy'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.


Genie Energy's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Genie Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Genie Energy 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, Genie Energy'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)
=7.096/131.7762*131.7762
=7.096

Current CPI (Mar. 2024) = 131.7762.

Genie Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.419 100.560 5.791
201409 4.716 100.428 6.188
201412 4.287 99.070 5.702
201503 4.172 99.621 5.519
201506 4.197 100.684 5.493
201509 4.321 100.392 5.672
201512 4.210 99.792 5.559
201603 4.494 100.470 5.894
201606 4.570 101.688 5.922
201609 3.146 101.861 4.070
201612 3.116 101.863 4.031
201703 3.199 102.862 4.098
201706 2.702 103.349 3.445
201709 2.695 104.136 3.410
201712 2.587 104.011 3.278
201803 2.778 105.290 3.477
201806 2.543 106.317 3.152
201809 2.707 106.507 3.349
201812 3.124 105.998 3.884
201903 3.280 107.251 4.030
201906 2.953 108.070 3.601
201909 2.993 108.329 3.641
201912 2.851 108.420 3.465
202003 2.985 108.902 3.612
202006 2.955 108.767 3.580
202009 3.133 109.815 3.760
202012 2.988 109.897 3.583
202103 2.890 111.754 3.408
202106 3.051 114.631 3.507
202109 2.845 115.734 3.239
202112 3.954 117.630 4.430
202203 4.589 121.301 4.985
202206 5.699 125.017 6.007
202209 6.130 125.227 6.451
202212 6.877 125.222 7.237
202303 7.373 127.348 7.629
202306 7.622 128.729 7.802
202309 8.066 129.860 8.185
202312 7.194 129.419 7.325
202403 7.096 131.776 7.096

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


Genie Energy  (LTS:0IUS) 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.

Genie Energy's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=15.16/4.81
=3.15

* 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 Genie Energy was 6.21. The lowest was 1.10. And the median was 2.07.


Be Aware

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


Genie Energy Cyclically Adjusted Book per Share Related Terms

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


Genie Energy (LTS:0IUS) Business Description

Industry
Traded in Other Exchanges
Address
520 Broad Street, Newark, NJ, USA, 07102
Genie Energy, through its subsidiaries, operates primarily as a global retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management.

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