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Celltrion (XKRX:068270) Cyclically Adjusted Book per Share : ₩24,109.70 (As of Mar. 2024)


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What is Celltrion 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.

Celltrion's adjusted book value per share for the three months ended in Mar. 2024 was ₩81,536.856. 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 ₩24,109.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Celltrion's average Cyclically Adjusted Book Growth Rate was 26.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 18.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 17.10% 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 Celltrion was 18.30% per year. The lowest was 16.00% per year. And the median was 17.40% per year.

As of today (2024-05-28), Celltrion's current stock price is ₩179600.00. Celltrion's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩24,109.70. Celltrion's Cyclically Adjusted PB Ratio of today is 7.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Celltrion was 38.33. The lowest was 6.66. And the median was 13.76.


Celltrion Cyclically Adjusted Book per Share Historical Data

The historical data trend for Celltrion'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.

Celltrion Cyclically Adjusted Book per Share Chart

Celltrion 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 11,774.70 13,561.90 16,057.10 18,388.80 22,314.80

Celltrion 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 19,096.70 19,705.70 20,561.20 22,314.80 24,109.70

Competitive Comparison of Celltrion's Cyclically Adjusted Book per Share

For the Biotechnology subindustry, Celltrion'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.


Celltrion's Cyclically Adjusted PB Ratio Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Celltrion's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Celltrion 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, Celltrion'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)
=81536.856/118.8477*118.8477
=81,536.856

Current CPI (Mar. 2024) = 118.8477.

Celltrion Quarterly Data

Book Value per Share CPI Adj_Book
201406 8,670.153 99.353 10,371.380
201409 8,967.380 99.608 10,699.467
201412 9,556.600 99.098 11,461.179
201503 9,002.956 99.720 10,729.850
201506 10,717.382 100.050 12,730.997
201509 11,267.841 100.110 13,376.855
201512 11,558.254 100.220 13,706.565
201603 12,854.882 100.560 15,192.653
201606 13,319.391 100.790 15,705.715
201609 13,729.408 101.460 16,082.284
201612 14,135.315 101.560 16,541.450
201703 14,481.761 102.850 16,734.312
201706 15,260.974 102.610 17,675.974
201709 16,045.427 103.490 18,426.535
201712 16,166.714 102.990 18,655.955
201803 17,329.484 104.100 19,784.528
201806 17,945.555 104.130 20,481.974
201809 17,524.709 105.650 19,713.879
201812 17,564.645 104.350 20,004.961
201903 17,599.021 104.490 20,017.257
201906 18,220.479 104.880 20,647.044
201909 18,677.348 105.200 21,100.379
201912 20,053.251 105.120 22,672.020
202003 20,023.800 105.540 22,548.632
202006 21,095.612 104.870 23,907.361
202009 22,357.207 106.200 25,019.799
202012 23,306.795 105.765 26,189.652
202103 24,246.025 107.357 26,841.090
202106 25,238.444 107.579 27,882.228
202109 26,314.141 108.759 28,755.040
202112 27,568.903 109.676 29,874.255
202203 26,092.874 111.806 27,736.290
202206 27,228.280 114.083 28,365.524
202209 28,644.449 114.831 29,646.332
202212 30,040.423 115.200 30,991.571
202303 29,094.375 116.550 29,668.052
202306 29,902.321 117.140 30,338.271
202309 30,691.416 119.111 30,623.520
202312 81,949.941 118.848 81,949.941
202403 81,536.856 118.848 81,536.856

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


Celltrion  (XKRX:068270) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=179600.00/24109.7
=7.45

* 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 Celltrion was 38.33. The lowest was 6.66. And the median was 13.76.


Be Aware

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


Celltrion Cyclically Adjusted Book per Share Related Terms

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


Celltrion (XKRX:068270) Business Description

Industry
Traded in Other Exchanges
N/A
Address
13-6 SongDo-Dong, Yeonsu-gu, Incheon City, KOR, 406-840
Celltrion Inc is a Korea-based company principally engaged in the research, development, and manufacture of therapeutic proteins. The company mainly manufactures biosimilar products, which are used to treat breast cancer, rheumatoid arthritis disease, Crohn's disease, Hodgkin's lymphoma, colorectal cancer, rheumatoid arthritis, respiratory syncytial virus, colon cancer, and others.

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