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Wabash National (STU:WA9) Cyclically Adjusted Book per Share : €8.54 (As of Mar. 2024)


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What is Wabash National 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.

Wabash National's adjusted book value per share for the three months ended in Mar. 2024 was €11.130. 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 €8.54 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wabash National's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.40% 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 Wabash National was 14.20% per year. The lowest was -18.70% per year. And the median was -0.90% per year.

As of today (2024-05-26), Wabash National's current stock price is €20.40. Wabash National's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €8.54. Wabash National's Cyclically Adjusted PB Ratio of today is 2.39.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wabash National was 5.07. The lowest was 1.04. And the median was 2.51.


Wabash National Cyclically Adjusted Book per Share Historical Data

The historical data trend for Wabash National'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.

Wabash National Cyclically Adjusted Book per Share Chart

Wabash National 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 5.11 5.32 6.77 7.78 8.29

Wabash National 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 7.99 8.05 8.71 8.29 8.54

Competitive Comparison of Wabash National's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Wabash National'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.


Wabash National's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Wabash National's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Wabash National 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, Wabash National'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)
=11.13/131.7762*131.7762
=11.130

Current CPI (Mar. 2024) = 131.7762.

Wabash National Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.733 100.560 4.892
201409 4.165 100.428 5.465
201412 4.594 99.070 6.111
201503 5.219 99.621 6.904
201506 5.278 100.684 6.908
201509 5.717 100.392 7.504
201512 6.218 99.792 8.211
201603 6.261 100.470 8.212
201606 6.682 101.688 8.659
201609 7.064 101.861 9.139
201612 7.448 101.863 9.635
201703 7.456 102.862 9.552
201706 7.126 103.349 9.086
201709 6.939 104.136 8.781
201712 7.429 104.011 9.412
201803 7.172 105.290 8.976
201806 7.462 106.317 9.249
201809 7.339 106.507 9.080
201812 7.554 105.998 9.391
201903 7.722 107.251 9.488
201906 8.119 108.070 9.900
201909 8.641 108.329 10.511
201912 8.769 108.420 10.658
202003 6.746 108.902 8.163
202006 6.600 108.767 7.996
202009 6.376 109.815 7.651
202012 6.335 109.897 7.596
202103 6.535 111.754 7.706
202106 6.579 114.631 7.563
202109 6.622 115.734 7.540
202112 5.885 117.630 6.593
202203 6.338 121.301 6.885
202206 6.569 125.017 6.924
202209 7.567 125.227 7.963
202212 7.873 125.222 8.285
202303 8.324 127.348 8.613
202306 9.433 128.729 9.656
202309 10.498 129.860 10.653
202312 11.100 129.419 11.302
202403 11.130 131.776 11.130

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


Wabash National  (STU:WA9) 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.

Wabash National's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=20.40/8.54
=2.39

* 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 Wabash National was 5.07. The lowest was 1.04. And the median was 2.51.


Be Aware

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


Wabash National Cyclically Adjusted Book per Share Related Terms

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


Wabash National (STU:WA9) Business Description

Traded in Other Exchanges
Address
3900 McCarty Lane, Lafayette, IN, USA, 47905
Wabash National Corp operates as the innovation leader of connected solutions for the transportation, logistics and distribution industries. The company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from the first to the final mile. It designs and manufactures a diverse range of products, including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food-grade processing equipment.

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