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Subsea 7 (OSL:SUBC) Cyclically Adjusted Book per Share : kr171.69 (As of Mar. 2024)


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What is Subsea 7 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.

Subsea 7's adjusted book value per share for the three months ended in Mar. 2024 was kr153.280. 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 kr171.69 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Subsea 7's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.60% 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 Subsea 7 was 23.50% per year. The lowest was -7.50% per year. And the median was 9.00% per year.

As of today (2024-05-18), Subsea 7's current stock price is kr188.60. Subsea 7's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr171.69. Subsea 7's Cyclically Adjusted PB Ratio of today is 1.10.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Subsea 7 was 3.26. The lowest was 0.36. And the median was 0.93.


Subsea 7 Cyclically Adjusted Book per Share Historical Data

The historical data trend for Subsea 7'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.

Subsea 7 Cyclically Adjusted Book per Share Chart

Subsea 7 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 128.31 139.92 148.72 163.00 170.39

Subsea 7 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 165.26 168.98 170.01 170.39 171.69

Competitive Comparison of Subsea 7's Cyclically Adjusted Book per Share

For the Oil & Gas Equipment & Services subindustry, Subsea 7'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.


Subsea 7's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Subsea 7's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Subsea 7's Cyclically Adjusted PB Ratio falls into.



Subsea 7 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, Subsea 7'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)
=153.28/131.6000*131.6000
=153.280

Current CPI (Mar. 2024) = 131.6000.

Subsea 7 Quarterly Data

Book Value per Share CPI Adj_Book
201406 122.955 99.800 162.133
201409 132.832 100.000 174.807
201412 124.574 99.900 164.103
201503 136.601 99.600 180.489
201506 138.965 100.100 182.695
201509 148.432 100.200 194.947
201512 143.608 100.400 188.235
201603 142.332 100.400 186.563
201606 141.001 101.000 183.720
201609 142.509 101.500 184.770
201612 146.714 102.200 188.919
201703 147.871 102.700 189.482
201706 146.205 103.500 185.899
201709 140.090 104.300 176.758
201712 150.114 105.000 188.143
201803 142.188 105.100 178.039
201806 142.573 105.900 177.173
201809 146.178 106.600 180.460
201812 153.628 107.100 188.772
201903 155.398 107.000 191.125
201906 156.227 107.900 190.542
201909 163.179 108.400 198.103
201912 160.938 108.500 195.202
202003 179.599 108.600 217.636
202006 138.381 108.800 167.380
202009 132.219 109.200 159.341
202012 123.665 109.400 148.760
202103 121.335 109.700 145.558
202106 117.978 111.400 139.371
202109 122.115 112.400 142.975
202112 127.172 114.700 145.910
202203 124.987 116.500 141.187
202206 137.041 120.500 149.665
202209 142.211 122.300 153.025
202212 140.320 125.300 147.375
202303 153.120 126.800 158.916
202306 154.513 129.400 157.140
202309 154.111 130.100 155.888
202312 151.787 130.500 153.066
202403 153.280 131.600 153.280

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


Subsea 7  (OSL:SUBC) 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.

Subsea 7's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=188.60/171.69
=1.10

* 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 Subsea 7 was 3.26. The lowest was 0.36. And the median was 0.93.


Be Aware

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


Subsea 7 Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Subsea 7's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Subsea 7 (OSL:SUBC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Subsea 7 SA (OSL:SUBC) » Definitions » Cyclically Adjusted Book per Share
Address
40 Brighton Road, Surrey, Sutton, GBR, SM2 5BN
Subsea 7 is one of the largest engineering and construction, or E&C, service providers in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. It's recently begun to develop expertise in renewables, particularly offshore wind farms, which require equipment and expertise similar to offshore oil and gas developments.

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