GURUFOCUS.COM » STOCK LIST » Technology » Software » Sabre Corp (STU:19S) » Definitions » Cyclically Adjusted Book per Share

Sabre (STU:19S) Cyclically Adjusted Book per Share : €1.02 (As of Mar. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Sabre 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.

Sabre's adjusted book value per share for the three months ended in Mar. 2024 was €-3.481. 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 €1.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sabre's 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.

As of today (2024-06-06), Sabre's current stock price is €2.794. Sabre's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €1.02. Sabre's Cyclically Adjusted PB Ratio of today is 2.74.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Sabre was 9.31. The lowest was 1.85. And the median was 4.55.


Sabre Cyclically Adjusted Book per Share Historical Data

The historical data trend for Sabre'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.

Sabre Cyclically Adjusted Book per Share Chart

Sabre 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 - - 1.08 1.05 0.97

Sabre 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 0.99 0.92 0.99 0.97 1.02

Competitive Comparison of Sabre's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Sabre'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.


Sabre's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Sabre's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sabre 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, Sabre'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)
=-3.481/131.7762*131.7762
=-3.481

Current CPI (Mar. 2024) = 131.7762.

Sabre Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.142 100.560 0.186
201409 0.202 100.428 0.265
201412 0.254 99.070 0.338
201503 0.971 99.621 1.284
201506 1.010 100.684 1.322
201509 1.472 100.392 1.932
201512 1.612 99.792 2.129
201603 2.108 100.470 2.765
201606 2.272 101.688 2.944
201609 2.399 101.861 3.104
201612 2.133 101.863 2.759
201703 2.239 102.862 2.868
201706 2.060 103.349 2.627
201709 1.959 104.136 2.479
201712 2.135 104.011 2.705
201803 2.469 105.290 3.090
201806 2.728 106.317 3.381
201809 2.900 106.507 3.588
201812 3.087 105.998 3.838
201903 3.074 107.251 3.777
201906 2.951 108.070 3.598
201909 3.144 108.329 3.824
201912 3.088 108.420 3.753
202003 2.213 108.902 2.678
202006 1.019 108.767 1.235
202009 1.691 109.815 2.029
202012 0.720 109.897 0.863
202103 0.064 111.754 0.075
202106 -0.432 114.631 -0.497
202109 -0.958 115.734 -1.091
202112 -1.392 117.630 -1.559
202203 -1.244 121.301 -1.351
202206 -1.778 125.017 -1.874
202209 -2.286 125.227 -2.406
202212 -2.541 125.222 -2.674
202303 -2.745 127.348 -2.840
202306 -3.042 128.729 -3.114
202309 -3.197 129.860 -3.244
202312 -3.354 129.419 -3.415
202403 -3.481 131.776 -3.481

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


Sabre  (STU:19S) 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.

Sabre's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2.794/1.02
=2.74

* 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 Sabre was 9.31. The lowest was 1.85. And the median was 4.55.


Be Aware

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


Sabre Cyclically Adjusted Book per Share Related Terms

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


Sabre (STU:19S) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Sabre Corp (STU:19S) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
Address
3150 Sabre Drive, Southlake, TX, USA, 76092
Sabre holds the number-two air booking volume share in the global distribution system industry. The travel solutions segment represented 91% of total 2022 revenue, split between distribution (70% of segment sales) and airline IT solutions (30%) revenue. The company also has a growing hotel IT solutions division (10% of revenue). Transaction fees, which are mostly tied to volume and not price, account for the bulk of sales and profits.

Sabre (STU:19S) Headlines

No Headlines