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RPM International (RPM International) Cyclically Adjusted Book per Share : $14.24 (As of Feb. 2024)


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What is RPM International 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.

RPM International's adjusted book value per share for the three months ended in Feb. 2024 was $18.226. 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 $14.24 for the trailing ten years ended in Feb. 2024.

During the past 12 months, RPM International's average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.80% 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 RPM International was 9.80% per year. The lowest was 0.30% per year. And the median was 5.40% per year.

As of today (2024-05-14), RPM International's current stock price is $113.215. RPM International's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was $14.24. RPM International's Cyclically Adjusted PB Ratio of today is 7.95.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RPM International was 8.69. The lowest was 3.13. And the median was 5.48.


RPM International Cyclically Adjusted Book per Share Historical Data

The historical data trend for RPM International'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.

RPM International Cyclically Adjusted Book per Share Chart

RPM International Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.92 10.87 11.52 12.77 13.72

RPM International Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 13.45 13.72 13.98 14.11 14.24

Competitive Comparison of RPM International's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, RPM International'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.


RPM International's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



RPM International 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, RPM International's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book= Book Value per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=18.226/129.4194*129.4194
=18.226

Current CPI (Feb. 2024) = 129.4194.

RPM International Quarterly Data

Book Value per Share CPI Adj_Book
201405 10.376 100.373 13.379
201408 10.757 100.352 13.873
201411 10.396 99.635 13.504
201502 9.244 99.032 12.081
201505 9.695 100.333 12.506
201508 9.722 100.548 12.514
201511 9.678 100.135 12.508
201602 9.319 100.040 12.056
201605 10.323 101.355 13.181
201608 10.762 101.617 13.707
201611 9.593 101.829 12.192
201702 9.606 102.779 12.096
201705 10.752 103.256 13.476
201708 11.675 103.587 14.586
201711 12.021 104.072 14.949
201802 12.214 105.052 15.047
201805 12.202 106.148 14.877
201808 12.072 106.383 14.686
201811 11.511 106.338 14.010
201902 10.941 106.649 13.277
201905 10.733 108.048 12.856
201908 10.360 108.245 12.387
201911 10.794 108.519 12.873
202002 10.398 109.139 12.330
202005 9.748 108.175 11.662
202008 11.153 109.662 13.162
202011 11.896 109.793 14.022
202102 11.921 110.968 13.903
202105 13.437 113.576 15.311
202108 13.786 115.421 15.458
202111 14.159 117.269 15.626
202202 14.171 119.703 15.321
202205 15.344 123.323 16.103
202208 15.461 124.958 16.013
202211 16.194 125.607 16.685
202302 15.924 126.928 16.237
202305 16.626 128.314 16.769
202308 17.688 129.538 17.672
202311 18.317 129.548 18.299
202402 18.226 129.419 18.226

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


RPM International  (NYSE:RPM) 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.

RPM International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=113.215/14.24
=7.95

* 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 RPM International was 8.69. The lowest was 3.13. And the median was 5.48.


Be Aware

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


RPM International Cyclically Adjusted Book per Share Related Terms

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


RPM International (RPM International) Business Description

Industry
Traded in Other Exchanges
Address
2628 Pearl Road, P.O. Box 777, Medina, OH, USA, 44256
RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.
Executives
Timothy R. Kinser officer: VP-Operations 2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frederick R. Nance director 2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frank C Sullivan director, officer: President and CEO
Michael J. Laroche officer: VP, Controller & CAO 2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Edward W. Moore officer: VP, Gen. Counsel & Secretary 2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Matthew T Ratajczak officer: VP-Global Tax and Treasurer 2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Russell L Gordon officer: VP and CFO 2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Ellen M Pawlikowski director 870 WINTER STREET, WALTHAM MA 02451
Elizabeth F Whited director 1400 DOUGLAS ST, OMAHA NE 68179
Thomas Gross director DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
David A. Daberko director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Michael Hobart Sullivan officer: VP, Operations and CRO 2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
John M Ballbach director
Kirkland B Andrews director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Robert Livingston director C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515

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