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Largo (STU:LR8B) Cyclically Adjusted Book per Share : €4.23 (As of Mar. 2024)


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What is Largo 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.

Largo's adjusted book value per share for the three months ended in Mar. 2024 was €3.308. 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 €4.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Largo's average Cyclically Adjusted Book Growth Rate was -20.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -15.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -12.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -9.50% 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 Largo was 8.60% per year. The lowest was -15.00% per year. And the median was -9.00% per year.

As of today (2024-06-06), Largo's current stock price is €1.85. Largo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.23. Largo's Cyclically Adjusted PB Ratio of today is 0.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Largo was 3.30. The lowest was 0.08. And the median was 0.87.


Largo Cyclically Adjusted Book per Share Historical Data

The historical data trend for Largo'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.

Largo Cyclically Adjusted Book per Share Chart

Largo 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 8.28 6.73 6.64 5.43 4.61

Largo 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 5.27 4.90 4.90 4.61 4.23

Competitive Comparison of Largo's Cyclically Adjusted Book per Share

For the Other Industrial Metals & Mining subindustry, Largo'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.


Largo's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Largo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Largo 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, Largo'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)
=3.308/126.2576*126.2576
=3.308

Current CPI (Mar. 2024) = 126.2576.

Largo Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.723 99.473 17.418
201409 11.992 99.394 15.233
201412 6.101 98.367 7.831
201503 7.502 99.789 9.492
201506 4.455 100.500 5.597
201509 2.218 100.421 2.789
201512 1.072 99.947 1.354
201603 1.051 101.054 1.313
201606 0.948 102.002 1.173
201609 0.616 101.765 0.764
201612 0.446 101.449 0.555
201703 0.520 102.634 0.640
201706 0.359 103.029 0.440
201709 0.575 103.345 0.702
201712 0.967 103.345 1.181
201803 1.458 105.004 1.753
201806 2.485 105.557 2.972
201809 3.335 105.636 3.986
201812 4.791 105.399 5.739
201903 4.781 106.979 5.643
201906 4.600 107.690 5.393
201909 4.387 107.611 5.147
201912 4.416 107.769 5.174
202003 3.755 107.927 4.393
202006 3.527 108.401 4.108
202009 3.356 108.164 3.917
202012 3.456 108.559 4.019
202103 3.157 110.298 3.614
202106 3.469 111.720 3.920
202109 3.517 112.905 3.933
202112 3.633 113.774 4.032
202203 4.082 117.646 4.381
202206 4.239 120.806 4.430
202209 4.324 120.648 4.525
202212 3.914 120.964 4.085
202303 3.905 122.702 4.018
202306 3.928 124.203 3.993
202309 3.721 125.230 3.752
202312 3.560 125.072 3.594
202403 3.308 126.258 3.308

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


Largo  (STU:LR8B) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.85/4.23
=0.44

* 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 Largo was 3.30. The lowest was 0.08. And the median was 0.87.


Be Aware

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


Largo Cyclically Adjusted Book per Share Related Terms

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


Largo (STU:LR8B) Business Description

Industry
Traded in Other Exchanges
Address
55 University Avenue, Suite 1105, Toronto, ON, CAN, M5J 2H7
Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, primarily in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder.

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