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Mayr-Melnhof Karton AG (WBO:MMK) Cyclically Adjusted Book per Share : €88.68 (As of Mar. 2024)


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What is Mayr-Melnhof Karton AG 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.

Mayr-Melnhof Karton AG's adjusted book value per share for the three months ended in Mar. 2024 was €101.477. 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 €88.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mayr-Melnhof Karton AG's average Cyclically Adjusted Book Growth Rate was 7.40% 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 8.20% 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 Mayr-Melnhof Karton AG was 10.30% per year. The lowest was 4.50% per year. And the median was 5.70% per year.

As of today (2024-06-07), Mayr-Melnhof Karton AG's current stock price is €114.40. Mayr-Melnhof Karton AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €88.68. Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mayr-Melnhof Karton AG was 2.81. The lowest was 1.26. And the median was 2.00.


Mayr-Melnhof Karton AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mayr-Melnhof Karton AG'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.

Mayr-Melnhof Karton AG Cyclically Adjusted Book per Share Chart

Mayr-Melnhof Karton AG 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 62.32 65.04 70.06 80.04 87.25

Mayr-Melnhof Karton AG 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 82.58 84.39 85.74 87.25 88.68

Competitive Comparison of Mayr-Melnhof Karton AG's Cyclically Adjusted Book per Share

For the Packaging & Containers subindustry, Mayr-Melnhof Karton AG'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.


Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio falls into.



Mayr-Melnhof Karton AG 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, Mayr-Melnhof Karton AG'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)
=101.477/133.7589*133.7589
=101.477

Current CPI (Mar. 2024) = 133.7589.

Mayr-Melnhof Karton AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 52.682 99.496 70.824
201409 54.130 99.586 72.705
201412 54.579 99.676 73.241
201503 56.588 99.992 75.698
201506 55.995 100.492 74.532
201509 56.515 100.292 75.374
201512 56.778 100.692 75.424
201603 58.166 100.692 77.268
201606 59.002 101.092 78.068
201609 60.295 101.192 79.700
201612 62.619 102.092 82.043
201703 64.251 102.592 83.771
201706 62.272 102.991 80.875
201709 64.049 103.591 82.701
201712 65.809 104.291 84.403
201803 67.645 104.491 86.592
201806 66.271 105.091 84.349
201809 67.567 105.691 85.510
201812 69.130 106.291 86.995
201903 71.405 106.391 89.773
201906 70.219 106.791 87.951
201909 72.907 106.991 91.147
201912 75.152 108.091 92.998
202003 75.257 108.024 93.186
202006 74.279 107.915 92.067
202009 74.526 108.348 92.005
202012 77.117 109.321 94.356
202103 79.921 110.186 97.019
202106 77.495 110.943 93.432
202109 80.099 111.916 95.732
202112 82.792 113.971 97.167
202203 87.069 117.647 98.993
202206 93.612 120.567 103.855
202209 97.562 123.811 105.401
202212 97.679 125.541 104.073
202303 99.414 128.460 103.514
202306 98.387 130.191 101.084
202309 98.814 131.272 100.686
202312 100.344 132.570 101.244
202403 101.477 133.759 101.477

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


Mayr-Melnhof Karton AG  (WBO:MMK) 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.

Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=114.40/88.68
=1.29

* 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 Mayr-Melnhof Karton AG was 2.81. The lowest was 1.26. And the median was 2.00.


Be Aware

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


Mayr-Melnhof Karton AG Cyclically Adjusted Book per Share Related Terms

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


Mayr-Melnhof Karton AG (WBO:MMK) Business Description

Traded in Other Exchanges
Address
Brahmsplatz 6, Vienna, AUT, A-1040
Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.
Executives
Dr. Nikolaus Ankershofen Supervisory Board
Mmag. Peter Oswald Board of Directors
Univ.-prof. Dr. Klaus Rabel Supervisory Board

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