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Steel Connect (Steel Connect) Cyclically Adjusted Book per Share : $15.25 (As of Jan. 2024)


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What is Steel Connect 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.

Steel Connect's adjusted book value per share for the three months ended in Jan. 2024 was $12.307. 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 $15.25 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Steel Connect's average Cyclically Adjusted Book Growth Rate was -13.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -16.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -17.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -15.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Steel Connect was 5.50% per year. The lowest was -40.50% per year. And the median was -16.20% per year.

As of today (2024-05-28), Steel Connect's current stock price is $11.49. Steel Connect's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $15.25. Steel Connect's Cyclically Adjusted PB Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Steel Connect was 0.87. The lowest was 0.15. And the median was 0.44.


Steel Connect Cyclically Adjusted Book per Share Historical Data

The historical data trend for Steel Connect'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.

Steel Connect Cyclically Adjusted Book per Share Chart

Steel Connect Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.88 28.65 23.60 19.66 16.42

Steel Connect Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 17.70 16.95 16.42 15.86 15.25

Competitive Comparison of Steel Connect's Cyclically Adjusted Book per Share

For the Advertising Agencies subindustry, Steel Connect'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.


Steel Connect's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Steel Connect's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Steel Connect 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, Steel Connect's adjusted Book Value per Share data for the three months ended in Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=12.307/130.1244*130.1244
=12.307

Current CPI (Jan. 2024) = 130.1244.

Steel Connect Quarterly Data

Book Value per Share CPI Adj_Book
201404 32.159 100.023 41.837
201407 30.744 100.520 39.798
201410 30.318 100.176 39.382
201501 29.167 98.604 38.491
201504 27.191 99.824 35.445
201507 25.838 100.691 33.391
201510 23.129 100.346 29.993
201601 20.349 99.957 26.490
201604 18.452 100.947 23.785
201607 14.518 101.524 18.608
201610 12.962 101.988 16.538
201701 12.348 102.456 15.683
201704 11.580 103.167 14.606
201707 10.579 103.278 13.329
201710 9.796 104.070 12.248
201801 20.768 104.578 25.841
201804 18.233 105.708 22.444
201807 16.537 106.324 20.239
201810 16.030 106.695 19.550
201901 14.278 106.200 17.495
201904 13.952 107.818 16.838
201907 7.957 108.250 9.565
201910 8.628 108.577 10.340
202001 8.052 108.841 9.627
202004 6.606 108.173 7.947
202007 7.257 109.318 8.638
202010 7.119 109.861 8.432
202101 7.074 110.364 8.341
202104 2.897 112.673 3.346
202107 0.919 115.183 1.038
202110 -2.074 116.696 -2.313
202201 -5.672 118.619 -6.222
202204 -1.457 121.978 -1.554
202207 -1.420 125.002 -1.478
202210 -1.312 125.734 -1.358
202301 -0.730 126.223 -0.753
202304 -0.442 127.992 -0.449
202307 10.979 128.974 11.077
202310 11.435 129.810 11.463
202401 12.307 130.124 12.307

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


Steel Connect  (NAS:STCN) 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.

Steel Connect's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.49/15.25
=0.75

* 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 Steel Connect was 0.87. The lowest was 0.15. And the median was 0.44.


Be Aware

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


Steel Connect Cyclically Adjusted Book per Share Related Terms

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


Steel Connect (Steel Connect) Business Description

Traded in Other Exchanges
Address
590 Madison Avenue, New York, DE, USA, 10022
Steel Connect Inc is a diversified holding company. The company's operating segment include Direct Marketing and Supply Chain. It generates maximum revenue from the Direct Marketing segment. Geographically, it derives a majority of revenue from the United States and also has a presence in China; Netherlands, and others. The company serves clients in various industries including consumer electronics, communications, computing, software, storage, and retail industries.
Executives
Steel Partners Holdings L.p. other: See Explanation of Responses 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Joseph Richards Martin director C/O LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Ryan O'herrin officer: Chief Financial Officer 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022-8547
Webfinancial Holding Corp director, 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Wf Asset Corp. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Gary Tankard officer: Chief Accounting Officer C/O STEEL PARTNERS HOLDINGS LP, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Jason Wong officer: Chief Financial Officer 590 MADISON AVENUE, FLOOR 32, C/O STEEL PARTNERS HOLDINGS LP, NEW YORK NY 10022
Renata Simril director 5055 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90036
Fawaz Khalil officer: CEO, ModusLink Corporation C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
John Ashe officer: CEO,IWCO Direct Holdings, Inc. C/O STEEL CONNECT, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
Maria Molland director 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451
Joseph B Sherk officer: Chief Accounting Officer C/O UNITED RENTALS INC, FIVE GREENWICH OFFICE PARK, GREENWICH CT 06830
Douglas Woodworth officer: Chief Financial Officer STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Excel Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Philip E. Lengyel director C/O MODUSLINK GLOBAL SOLUTIONS, INC., 1601 TRAPELO ROAD, SUITE 170, WALTHAM MA 02451

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