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Blackbaud (STU:BNK) Cyclically Adjusted Book per Share : €8.56 (As of Mar. 2024)


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What is Blackbaud 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.

Blackbaud's adjusted book value per share for the three months ended in Mar. 2024 was €9.517. 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 €8.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Blackbaud'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 18.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 16.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.40% 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 Blackbaud was 18.40% per year. The lowest was 7.70% per year. And the median was 13.40% per year.

As of today (2024-05-23), Blackbaud's current stock price is €73.50. Blackbaud's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.56. Blackbaud's Cyclically Adjusted PB Ratio of today is 8.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Blackbaud was 29.51. The lowest was 5.75. And the median was 14.30.


Blackbaud Cyclically Adjusted Book per Share Historical Data

The historical data trend for Blackbaud'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.

Blackbaud Cyclically Adjusted Book per Share Chart

Blackbaud 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 4.34 4.43 5.86 7.38 8.29

Blackbaud 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 7.57 7.73 8.38 8.29 8.56

Competitive Comparison of Blackbaud's Cyclically Adjusted Book per Share

For the Software - Application subindustry, Blackbaud'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.


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

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

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



Blackbaud 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, Blackbaud'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)
=9.517/131.7762*131.7762
=9.517

Current CPI (Mar. 2024) = 131.7762.

Blackbaud Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.757 100.560 3.613
201409 3.087 100.428 4.051
201412 3.256 99.070 4.331
201503 3.704 99.621 4.900
201506 3.712 100.684 4.858
201509 3.875 100.392 5.086
201512 4.116 99.792 5.435
201603 4.031 100.470 5.287
201606 4.154 101.688 5.383
201609 4.359 101.861 5.639
201612 4.940 101.863 6.391
201703 4.828 102.862 6.185
201706 4.854 103.349 6.189
201709 4.832 104.136 6.115
201712 5.911 104.011 7.489
201803 5.755 105.290 7.203
201806 6.138 106.317 7.608
201809 6.417 106.507 7.939
201812 6.765 105.998 8.410
201903 6.581 107.251 8.086
201906 6.708 108.070 8.180
201909 7.042 108.329 8.566
201912 7.267 108.420 8.832
202003 6.938 108.902 8.395
202006 7.359 108.767 8.916
202009 7.568 109.815 9.081
202012 7.171 109.897 8.599
202103 7.158 111.754 8.440
202106 6.882 114.631 7.911
202109 6.982 115.734 7.950
202112 12.208 117.630 13.676
202203 12.092 121.301 13.136
202206 12.854 125.017 13.549
202209 13.941 125.227 14.670
202212 13.235 125.222 13.928
202303 12.477 127.348 12.911
202306 13.049 128.729 13.358
202309 13.923 129.860 14.129
202312 13.829 129.419 14.081
202403 9.517 131.776 9.517

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


Blackbaud  (STU:BNK) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=73.50/8.56
=8.59

* 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 Blackbaud was 29.51. The lowest was 5.75. And the median was 14.30.


Be Aware

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


Blackbaud Cyclically Adjusted Book per Share Related Terms

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


Blackbaud (STU:BNK) Business Description

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65 Fairchild Street, Charleston, SC, USA, 29492
Founded in 1981, Blackbaud provides software solutions designed to serve the "social good" community, including nonprofits, foundations, corporations, educational institutions, healthcare institutions, and individual change agents. Through M&A and organic product development efforts, the company has also moved into related areas outside of core fund raising, notably into K-12 schools. The firm enables more than $100 billion in donations annually across a customer base in excess of 40,000 customers in over 100 countries.

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