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Great Elm Group (STU:PNC) Cyclically Adjusted Book per Share : €2.61 (As of Mar. 2024)


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What is Great Elm Group 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.

Great Elm Group's adjusted book value per share for the three months ended in Mar. 2024 was €1.982. 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 €2.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Great Elm Group's average Cyclically Adjusted Book Growth Rate was -8.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -10.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -12.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -20.90% 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 Great Elm Group was -10.30% per year. The lowest was -42.70% per year. And the median was -23.40% per year.

As of today (2024-06-09), Great Elm Group's current stock price is €1.57. Great Elm Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €2.61. Great Elm Group's Cyclically Adjusted PB Ratio of today is 0.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Great Elm Group was 1.08. The lowest was 0.23. And the median was 0.61.


Great Elm Group Cyclically Adjusted Book per Share Historical Data

The historical data trend for Great Elm Group'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.

Great Elm Group Cyclically Adjusted Book per Share Chart

Great Elm Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.17 3.62 3.23 3.37 2.71

Great Elm Group 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 2.77 2.71 2.65 2.63 2.61

Competitive Comparison of Great Elm Group's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Great Elm Group'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.


Great Elm Group's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Great Elm Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Great Elm Group 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, Great Elm Group'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)
=1.982/131.7762*131.7762
=1.982

Current CPI (Mar. 2024) = 131.7762.

Great Elm Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.483 100.560 5.875
201409 3.847 100.428 5.048
201412 3.194 99.070 4.248
201503 2.822 99.621 3.733
201506 2.010 100.684 2.631
201509 1.178 100.392 1.546
201512 0.141 99.792 0.186
201603 -0.649 100.470 -0.851
201606 3.111 101.688 4.032
201609 2.841 101.861 3.675
201612 2.808 101.863 3.633
201703 2.696 102.862 3.454
201706 2.541 103.349 3.240
201709 2.346 104.136 2.969
201712 2.388 104.011 3.025
201803 2.168 105.290 2.713
201806 2.229 106.317 2.763
201809 2.091 106.507 2.587
201812 1.999 105.998 2.485
201903 2.160 107.251 2.654
201906 2.132 108.070 2.600
201909 2.084 108.329 2.535
201912 2.006 108.420 2.438
202003 2.027 108.902 2.453
202006 2.115 108.767 2.562
202009 1.902 109.815 2.282
202012 1.837 109.897 2.203
202103 1.799 111.754 2.121
202106 1.383 114.631 1.590
202109 1.421 115.734 1.618
202112 1.337 117.630 1.498
202203 1.178 121.301 1.280
202206 1.112 125.017 1.172
202209 0.914 125.227 0.962
202212 1.829 125.222 1.925
202303 2.194 127.348 2.270
202306 1.994 128.729 2.041
202309 2.112 129.860 2.143
202312 2.063 129.419 2.101
202403 1.982 131.776 1.982

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


Great Elm Group  (STU:PNC) 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.

Great Elm Group's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.57/2.61
=0.60

* 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 Great Elm Group was 1.08. The lowest was 0.23. And the median was 0.61.


Be Aware

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


Great Elm Group Cyclically Adjusted Book per Share Related Terms

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


Great Elm Group (STU:PNC) Business Description

Traded in Other Exchanges
Address
800 South Street, Suite 230, Waltham, MA, USA, 02453
Great Elm Group Inc operates as a holding company. It focuses on growing a scalable and diversified portfolio of long-duration, permanent capital vehicles across corporate credit, specialty finance, real estate, and other asset classes. The company's only segment is investment management.