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Jacobs Solutions (LTS:0JOI) Cyclically Adjusted Book per Share : $50.10 (As of Mar. 2024)


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What is Jacobs Solutions 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.

Jacobs Solutions's adjusted book value per share for the three months ended in Mar. 2024 was $52.901. 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 $50.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Jacobs Solutions's average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.50% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.10% 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 Jacobs Solutions was 17.90% per year. The lowest was 7.70% per year. And the median was 14.60% per year.

As of today (2024-06-09), Jacobs Solutions's current stock price is $139.10. Jacobs Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $50.10. Jacobs Solutions's Cyclically Adjusted PB Ratio of today is 2.78.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Jacobs Solutions was 3.65. The lowest was 1.42. And the median was 2.42.


Jacobs Solutions Cyclically Adjusted Book per Share Historical Data

The historical data trend for Jacobs Solutions'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.

Jacobs Solutions Cyclically Adjusted Book per Share Chart

Jacobs Solutions Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.50 38.25 42.80 46.30 49.03

Jacobs Solutions 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 45.23 48.13 49.03 49.10 50.10

Competitive Comparison of Jacobs Solutions's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Jacobs Solutions'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.


Jacobs Solutions's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Jacobs Solutions 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, Jacobs Solutions'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)
=52.901/131.7762*131.7762
=52.901

Current CPI (Mar. 2024) = 131.7762.

Jacobs Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201406 33.840 100.560 44.345
201409 33.921 100.428 44.509
201412 34.278 99.070 45.594
201503 34.542 99.621 45.691
201506 35.064 100.684 45.892
201509 34.849 100.392 45.744
201512 35.068 99.792 46.307
201603 35.826 100.470 46.989
201606 36.356 101.688 47.113
201609 35.264 101.861 45.621
201612 33.592 101.863 43.457
201703 34.159 102.862 43.761
201706 35.136 103.349 44.800
201709 36.785 104.136 46.549
201712 41.461 104.011 52.529
201803 41.891 105.290 52.429
201806 42.050 106.317 52.120
201809 41.165 106.507 50.932
201812 40.977 105.998 50.942
201903 40.063 107.251 49.224
201906 44.609 108.070 54.395
201909 43.007 108.329 52.315
201912 45.146 108.420 54.871
202003 42.788 108.902 51.776
202006 44.829 108.767 54.312
202009 44.823 109.815 53.787
202012 46.907 109.897 56.246
202103 46.158 111.754 54.428
202106 47.224 114.631 54.287
202109 46.085 115.734 52.473
202112 46.998 117.630 52.650
202203 47.149 121.301 51.221
202206 46.507 125.017 49.022
202209 47.570 125.227 50.058
202212 48.821 125.222 51.376
202303 50.311 127.348 52.061
202306 51.809 128.729 53.036
202309 51.964 129.860 52.731
202312 53.171 129.419 54.139
202403 52.901 131.776 52.901

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


Jacobs Solutions  (LTS:0JOI) 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.

Jacobs Solutions's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=139.10/50.1
=2.78

* 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 Jacobs Solutions was 3.65. The lowest was 1.42. And the median was 2.42.


Be Aware

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


Jacobs Solutions Cyclically Adjusted Book per Share Related Terms

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


Jacobs Solutions (LTS:0JOI) Business Description

Industry
Traded in Other Exchanges
Address
1999 Bryan Street, Suite 1200, Dallas, TX, USA, 75201
Jacobs Solutions is a global provider of engineering, design, procurement, construction, and maintenance services as well as cyber engineering and security solutions. The firm serves industrial, commercial, and government clients in a wide variety of sectors, including water, transportation, healthcare, technology, and chemicals. Jacobs Solutions employs approximately 60,000 workers. The company generated $16.4 billion in revenue and $1.3 billion in adjusted operating income in fiscal 2023.

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