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SalMar ASA (STU:JEPA) Cyclically Adjusted Book per Share : €1.88 (As of Mar. 2024)


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What is SalMar ASA 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.

SalMar ASA's adjusted book value per share for the three months ended in Mar. 2024 was €3.379. 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 €1.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SalMar ASA's average Cyclically Adjusted Book Growth Rate was 14.30% 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 16.80% 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 SalMar ASA was 18.40% per year. The lowest was 14.90% per year. And the median was 18.20% per year.

As of today (2024-06-09), SalMar ASA's current stock price is €12.20. SalMar ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €1.88. SalMar ASA's Cyclically Adjusted PB Ratio of today is 6.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SalMar ASA was 12.02. The lowest was 4.07. And the median was 9.09.


SalMar ASA Cyclically Adjusted Book per Share Historical Data

The historical data trend for SalMar ASA'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.

SalMar ASA Cyclically Adjusted Book per Share Chart

SalMar ASA 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 - - - 1.79 1.94

SalMar ASA 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 1.73 1.76 1.85 1.94 1.88

Competitive Comparison of SalMar ASA's Cyclically Adjusted Book per Share

For the Farm Products subindustry, SalMar ASA'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.


SalMar ASA's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SalMar ASA 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, SalMar ASA'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)
=3.379/132.6000*132.6000
=3.379

Current CPI (Mar. 2024) = 132.6000.

SalMar ASA Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.156 97.500 1.572
201409 1.280 98.500 1.723
201412 1.263 98.600 1.699
201503 1.356 99.200 1.813
201506 1.108 100.100 1.468
201509 1.128 100.600 1.487
201512 1.211 100.900 1.591
201603 1.347 102.500 1.743
201606 1.188 103.800 1.518
201609 1.354 104.200 1.723
201612 1.626 104.400 2.065
201703 1.708 105.000 2.157
201706 1.457 105.800 1.826
201709 1.712 105.900 2.144
201712 1.711 106.100 2.138
201803 1.920 107.300 2.373
201806 1.615 108.500 1.974
201809 1.805 109.500 2.186
201812 2.045 109.800 2.470
201903 2.227 110.400 2.675
201906 1.831 110.600 2.195
201909 1.861 111.100 2.221
201912 1.989 111.300 2.370
202003 1.885 111.200 2.248
202006 2.222 112.100 2.628
202009 2.304 112.900 2.706
202012 2.056 112.900 2.415
202103 2.296 114.600 2.657
202106 2.456 115.300 2.825
202109 2.586 117.500 2.918
202112 2.769 118.900 3.088
202203 3.142 119.800 3.478
202206 2.857 122.600 3.090
202209 2.988 125.600 3.155
202212 3.186 125.900 3.356
202303 3.175 127.600 3.299
202306 2.582 130.400 2.626
202309 2.792 129.800 2.852
202312 3.282 131.900 3.299
202403 3.379 132.600 3.379

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


SalMar ASA  (STU:JEPA) 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.

SalMar ASA's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.20/1.88
=6.49

* 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 SalMar ASA was 12.02. The lowest was 4.07. And the median was 9.09.


Be Aware

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


SalMar ASA Cyclically Adjusted Book per Share Related Terms

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


SalMar ASA (STU:JEPA) Business Description

Address
Industriveien 51, Kverva, NOR, N-7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.

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