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Bavarian Nordic A/S (OCSE:BAVA) Cyclically Adjusted Book per Share : kr77.88 (As of Mar. 2024)


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What is Bavarian Nordic A/S 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.

Bavarian Nordic A/S's adjusted book value per share for the three months ended in Mar. 2024 was kr130.533. 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 kr77.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bavarian Nordic A/S's average Cyclically Adjusted Book Growth Rate was 14.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.00% 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 Bavarian Nordic A/S was 16.50% per year. The lowest was 3.60% per year. And the median was 12.00% per year.

As of today (2024-06-10), Bavarian Nordic A/S's current stock price is kr180.75. Bavarian Nordic A/S's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr77.88. Bavarian Nordic A/S's Cyclically Adjusted PB Ratio of today is 2.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bavarian Nordic A/S was 8.59. The lowest was 1.81. And the median was 3.49.


Bavarian Nordic A/S Cyclically Adjusted Book per Share Historical Data

The historical data trend for Bavarian Nordic A/S'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.

Bavarian Nordic A/S Cyclically Adjusted Book per Share Chart

Bavarian Nordic A/S 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 42.58 47.08 54.05 65.10 74.41

Bavarian Nordic A/S 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 67.96 69.70 72.40 74.41 77.88

Competitive Comparison of Bavarian Nordic A/S's Cyclically Adjusted Book per Share

For the Biotechnology subindustry, Bavarian Nordic A/S'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.


Bavarian Nordic A/S's Cyclically Adjusted PB Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Bavarian Nordic A/S's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bavarian Nordic A/S's Cyclically Adjusted PB Ratio falls into.



Bavarian Nordic A/S 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, Bavarian Nordic A/S'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)
=130.533/118.4000*118.4000
=130.533

Current CPI (Mar. 2024) = 118.4000.

Bavarian Nordic A/S Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.022 99.700 33.278
201409 26.686 99.700 31.691
201412 35.795 99.400 42.637
201503 36.196 100.200 42.771
201506 38.364 100.300 45.287
201509 37.023 100.200 43.748
201512 37.902 99.800 44.966
201603 31.104 100.200 36.754
201606 46.293 100.600 54.484
201609 48.323 100.200 57.100
201612 50.914 100.300 60.102
201703 51.368 101.200 60.099
201706 53.397 101.200 62.472
201709 65.284 101.800 75.930
201712 61.531 101.300 71.918
201803 57.162 101.700 66.548
201806 55.195 102.300 63.882
201809 55.826 102.400 64.549
201812 53.473 102.100 62.010
201903 51.180 102.900 58.889
201906 48.622 102.900 55.946
201909 46.310 102.900 53.286
201912 45.658 102.900 52.536
202003 87.660 103.300 100.474
202006 89.840 103.200 103.072
202009 90.228 103.500 103.217
202012 83.890 103.400 96.060
202103 93.051 104.300 105.630
202106 90.873 105.000 102.470
202109 90.241 105.800 100.988
202112 104.818 106.600 116.421
202203 101.107 109.900 108.927
202206 97.808 113.600 101.941
202209 98.626 116.400 100.321
202212 101.290 115.900 103.475
202303 117.346 117.300 118.446
202306 124.547 116.400 126.687
202309 120.048 117.400 121.071
202312 132.658 116.700 134.590
202403 130.533 118.400 130.533

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


Bavarian Nordic A/S  (OCSE:BAVA) 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.

Bavarian Nordic A/S's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=180.75/77.88
=2.32

* 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 Bavarian Nordic A/S was 8.59. The lowest was 1.81. And the median was 3.49.


Be Aware

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


Bavarian Nordic A/S Cyclically Adjusted Book per Share Related Terms

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


Bavarian Nordic A/S (OCSE:BAVA) Business Description

Industry
Traded in Other Exchanges
Address
Philip Heymans Alle 3, Hellerup, DNK, DK-2900
Bavarian Nordic A/S is a biotechnology company focused on the development, manufacturing, and commercialization of cancer immunotherapies and vaccines for infectious diseases. The company has a specific focus on diseases for which the unmet medical need is high. Bavarian generates revenue through government research and development and supply contracts, and from its commercial partnerships. The vast majority of the company's revenue is generated in the United States, Germany, and other geographic markets.

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