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Summit Materials (LTS:0LAI) Cyclically Adjusted Book per Share : $15.78 (As of Mar. 2024)


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What is Summit Materials 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.

Summit Materials's adjusted book value per share for the three months ended in Mar. 2024 was $24.044. 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 $15.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Summit Materials's average Cyclically Adjusted Book Growth Rate was 5.70% 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.

As of today (2024-06-09), Summit Materials's current stock price is $37.816. Summit Materials's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $15.78. Summit Materials's Cyclically Adjusted PB Ratio of today is 2.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Summit Materials was 2.90. The lowest was 1.72. And the median was 2.33.


Summit Materials Cyclically Adjusted Book per Share Historical Data

The historical data trend for Summit Materials'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.

Summit Materials Cyclically Adjusted Book per Share Chart

Summit Materials 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 - - - 14.66 15.41

Summit Materials 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 14.65 13.92 15.12 15.41 15.78

Competitive Comparison of Summit Materials's Cyclically Adjusted Book per Share

For the Building Materials subindustry, Summit Materials'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.


Summit Materials's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Summit Materials's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Summit Materials 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, Summit Materials'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)
=24.044/131.7762*131.7762
=24.044

Current CPI (Mar. 2024) = 131.7762.

Summit Materials Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 12.066 100.428 15.832
201412 11.773 99.070 15.660
201503 16.081 99.621 21.272
201506 16.161 100.684 21.152
201509 11.792 100.392 15.478
201512 12.102 99.792 15.981
201603 11.755 100.470 15.418
201606 10.386 101.688 13.459
201609 9.823 101.861 12.708
201612 8.503 101.863 11.000
201703 9.429 102.862 12.079
201706 9.919 103.349 12.647
201709 10.742 104.136 13.593
201712 11.214 104.011 14.208
201803 10.804 105.290 13.522
201806 11.155 106.317 13.826
201809 11.843 106.507 14.653
201812 11.692 105.998 14.535
201903 11.115 107.251 13.657
201906 11.489 108.070 14.009
201909 12.011 108.329 14.611
201912 12.387 108.420 15.055
202003 11.905 108.902 14.406
202006 12.457 108.767 15.092
202009 13.365 109.815 16.038
202012 13.734 109.897 16.468
202103 13.501 111.754 15.920
202106 14.041 114.631 16.141
202109 14.612 115.734 16.637
202112 15.023 117.630 16.830
202203 14.471 121.301 15.721
202206 16.059 125.017 16.927
202209 16.547 125.227 17.412
202212 16.885 125.222 17.769
202303 16.561 127.348 17.137
202306 17.333 128.729 17.743
202309 19.256 129.860 19.540
202312 19.301 129.419 19.652
202403 24.044 131.776 24.044

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


Summit Materials  (LTS:0LAI) 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.

Summit Materials's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=37.816/15.78
=2.40

* 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 Summit Materials was 2.90. The lowest was 1.72. And the median was 2.33.


Be Aware

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


Summit Materials Cyclically Adjusted Book per Share Related Terms

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


Summit Materials (LTS:0LAI) Business Description

Traded in Other Exchanges
Address
1801 California Street, Suite 3500, Denver, CO, USA, 80202
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

Summit Materials (LTS:0LAI) Headlines

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