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Obrascon Huarte Lain (STU:HUA) Cyclically Adjusted Book per Share : €8.12 (As of Sep. 2023)


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What is Obrascon Huarte Lain 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.

Obrascon Huarte Lain's adjusted book value per share for the three months ended in Sep. 2023 was €0.956. 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 €8.12 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Obrascon Huarte Lain's average Cyclically Adjusted Book Growth Rate was -10.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.00% 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 Obrascon Huarte Lain was -2.50% per year. The lowest was -3.00% per year. And the median was -2.75% per year.

As of today (2024-06-10), Obrascon Huarte Lain's current stock price is €0.3872. Obrascon Huarte Lain's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was €8.12. Obrascon Huarte Lain's Cyclically Adjusted PB Ratio of today is 0.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Obrascon Huarte Lain was 0.16. The lowest was 0.04. And the median was 0.06.


Obrascon Huarte Lain Cyclically Adjusted Book per Share Historical Data

The historical data trend for Obrascon Huarte Lain'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.

Obrascon Huarte Lain Cyclically Adjusted Book per Share Chart

Obrascon Huarte Lain Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.37 9.60 9.57 8.79 9.14

Obrascon Huarte Lain Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 9.06 9.14 8.68 8.33 8.12

Competitive Comparison of Obrascon Huarte Lain's Cyclically Adjusted Book per Share

For the Engineering & Construction subindustry, Obrascon Huarte Lain'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.


Obrascon Huarte Lain's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Obrascon Huarte Lain's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Obrascon Huarte Lain 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, Obrascon Huarte Lain's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.956/121.3426*121.3426
=0.956

Current CPI (Sep. 2023) = 121.3426.

Obrascon Huarte Lain Quarterly Data

Book Value per Share CPI Adj_Book
201312 12.042 101.306 14.424
201403 12.172 100.139 14.749
201406 11.762 101.081 14.120
201409 12.563 100.441 15.177
201412 11.310 100.251 13.689
201503 12.582 99.474 15.348
201506 11.890 101.138 14.265
201509 10.988 99.559 13.392
201512 9.069 100.268 10.975
201603 9.134 98.638 11.237
201606 8.890 100.333 10.752
201609 8.703 99.737 10.588
201612 7.558 101.842 9.005
201703 72.969 100.896 87.756
201706 7.702 101.848 9.176
201709 7.225 101.524 8.635
201712 6.725 102.975 7.925
201803 5.260 102.122 6.250
201806 4.441 104.165 5.173
201809 2.752 103.818 3.217
201812 2.439 104.193 2.840
201903 2.409 103.488 2.825
201906 2.345 104.612 2.720
201909 2.344 103.905 2.737
201912 1.948 105.015 2.251
202003 1.900 103.469 2.228
202006 1.780 104.254 2.072
202009 1.531 103.521 1.795
202012 1.440 104.456 1.673
202103 1.403 104.857 1.624
202106 1.158 107.102 1.312
202109 1.128 107.669 1.271
202112 1.057 111.298 1.152
202203 1.068 115.153 1.125
202206 1.016 118.044 1.044
202209 1.018 117.221 1.054
202212 0.946 117.650 0.976
202303 0.934 118.948 0.953
202306 0.940 120.278 0.948
202309 0.956 121.343 0.956

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


Obrascon Huarte Lain  (STU:HUA) 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.

Obrascon Huarte Lain's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.3872/8.12
=0.05

* 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 Obrascon Huarte Lain was 0.16. The lowest was 0.04. And the median was 0.06.


Be Aware

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


Obrascon Huarte Lain Cyclically Adjusted Book per Share Related Terms

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


Obrascon Huarte Lain (STU:HUA) Business Description

Industry
Traded in Other Exchanges
Address
Paseo de la Castellana 259 D, Torrespacio, Madrid, ESP, D-28046
Obrascon Huarte Lain SA is engaged in providing all manner of civil engineering and building construction works for public and private customers. Its object also includes the provision of public and private services, the operation of service concession arrangements and hotel complexes, real estate development and the sale of properties.

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