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Lafarge Africa (NSA:WAPCO) Cyclically Adjusted Book per Share : ₦107.11 (As of Mar. 2024)


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What is Lafarge Africa 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.

Lafarge Africa's adjusted book value per share for the three months ended in Mar. 2024 was ₦27.331. 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 ₦107.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Lafarge Africa's average Cyclically Adjusted Book Growth Rate was -0.90% 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.

As of today (2024-05-27), Lafarge Africa's current stock price is ₦35.00. Lafarge Africa's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₦107.11. Lafarge Africa's Cyclically Adjusted PB Ratio of today is 0.33.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lafarge Africa was 0.45. The lowest was 0.19. And the median was 0.24.


Lafarge Africa Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lafarge Africa'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.

Lafarge Africa Cyclically Adjusted Book per Share Chart

Lafarge Africa 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 - - 106.37 106.03 105.49

Lafarge Africa 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 108.10 106.96 105.70 105.49 107.11

Competitive Comparison of Lafarge Africa's Cyclically Adjusted Book per Share

For the Building Materials subindustry, Lafarge Africa'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.


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

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

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



Lafarge Africa 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, Lafarge Africa'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)
=27.331/131.7762*131.7762
=27.331

Current CPI (Mar. 2024) = 131.7762.

Lafarge Africa Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.211 99.695 25.393
201406 20.614 100.560 27.013
201409 0.000 100.428 0.000
201412 12.996 99.070 17.286
201503 24.282 99.621 32.120
201506 2,323.925 100.684 3,041.579
201509 23.519 100.392 30.872
201512 14.691 99.792 19.400
201606 0.000 101.688 0.000
201609 24.254 101.861 31.377
201612 10.255 101.863 13.267
201703 0.000 102.862 0.000
201706 14.156 103.349 18.050
201709 6.684 104.136 8.458
201712 27.343 104.011 34.642
201803 27.198 105.290 34.040
201806 15.607 106.317 19.344
201809 15.284 106.507 18.910
201812 15.477 105.998 19.241
201903 25.911 107.251 31.836
201906 26.226 108.070 31.979
201909 21.721 108.329 26.422
201912 21.413 108.420 26.026
202003 21.914 108.902 26.517
202006 21.861 108.767 26.486
202009 22.163 109.815 26.595
202012 22.327 109.897 26.772
202103 22.894 111.754 26.996
202106 23.085 114.631 26.538
202109 23.835 115.734 27.139
202112 23.502 117.630 26.328
202203 24.592 121.301 26.716
202206 24.824 125.017 26.166
202209 25.289 125.227 26.612
202212 25.832 125.222 27.184
202303 26.760 127.348 27.691
202306 26.035 128.729 26.651
202309 26.272 129.860 26.660
202312 27.009 129.419 27.501
202403 27.331 131.776 27.331

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


Lafarge Africa  (NSA:WAPCO) 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.

Lafarge Africa's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.00/107.11
=0.33

* 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 Lafarge Africa was 0.45. The lowest was 0.19. And the median was 0.24.


Be Aware

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


Lafarge Africa Cyclically Adjusted Book per Share Related Terms

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


Lafarge Africa (NSA:WAPCO) Business Description

Traded in Other Exchanges
N/A
Address
No. 27B, Gerrard Road, Ikoyi, Lagos, NGA
Lafarge Africa PLC through its subsidiaries is engaged in the manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. Its products include Ashakacem, UniCem, Elephant cement, Lafarge Powermax, RoadCem, and Supaset cement among others. It has operations in South Africa and Nigeria generating a vast majority of its revenues within Nigeria from the sales of Cement. It has two segments Cement & Readymixed products. The majority is from the cement segment.

Lafarge Africa (NSA:WAPCO) Headlines

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