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Lennox International (Lennox International) Cyclically Adjusted Book per Share : $-1.84 (As of Mar. 2024)


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What is Lennox International 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.

Lennox International's adjusted book value per share for the three months ended in Mar. 2024 was $10.353. 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 $-1.84 for the trailing ten years ended in Mar. 2024.

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 Lennox International was 0.40% per year. The lowest was -40.20% per year. And the median was -6.90% per year.

As of today (2024-04-27), Lennox International's current stock price is $477.11. Lennox International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $-1.84. Lennox International's Cyclically Adjusted PB Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lennox International was 1190.05. The lowest was 5.44. And the median was 26.18.


Lennox International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lennox International'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.

Lennox International Cyclically Adjusted Book per Share Chart

Lennox International 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 4.66 3.05 1.33 -0.78 -1.77

Lennox International 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 -1.17 -1.44 -1.66 -1.77 -1.84

Competitive Comparison of Lennox International's Cyclically Adjusted Book per Share

For the Building Products & Equipment subindustry, Lennox International'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.


Lennox International's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lennox International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Lennox International 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, Lennox International'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)
=10.353/129.4194*129.4194
=10.353

Current CPI (Mar. 2024) = 129.4194.

Lennox International Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.612 100.560 13.658
201409 10.428 100.428 13.438
201412 0.188 99.070 0.246
201503 -0.373 99.621 -0.485
201506 1.237 100.684 1.590
201509 2.153 100.392 2.776
201512 2.265 99.792 2.937
201603 -1.693 100.470 -2.181
201606 0.710 101.688 0.904
201609 0.553 101.861 0.703
201612 0.875 101.863 1.112
201703 -0.033 102.862 -0.042
201706 0.242 103.349 0.303
201709 0.769 104.136 0.956
201712 1.198 104.011 1.491
201803 -2.483 105.290 -3.052
201806 -4.477 106.317 -5.450
201809 -2.155 106.507 -2.619
201812 -3.753 105.998 -4.582
201903 -5.177 107.251 -6.247
201906 -5.573 108.070 -6.674
201909 -7.197 108.329 -8.598
201912 -4.410 108.420 -5.264
202003 -8.321 108.902 -9.889
202006 -5.984 108.767 -7.120
202009 -3.022 109.815 -3.561
202012 -0.446 109.897 -0.525
202103 -4.254 111.754 -4.926
202106 -5.739 114.631 -6.479
202109 -9.150 115.734 -10.232
202112 -7.343 117.630 -8.079
202203 -11.381 121.301 -12.143
202206 -11.328 125.017 -11.727
202209 -8.613 125.227 -8.901
202212 -5.726 125.222 -5.918
202303 -3.547 127.348 -3.605
202306 1.763 128.729 1.772
202309 4.488 129.860 4.473
202312 8.018 129.419 8.018
202403 10.353 129.419 10.353

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


Lennox International  (NYSE:LII) 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lennox International was 1190.05. The lowest was 5.44. And the median was 26.18.


Be Aware

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


Lennox International Cyclically Adjusted Book per Share Related Terms

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


Lennox International (Lennox International) Business Description

Industry
Traded in Other Exchanges
Address
2140 Lake Park Boulevard, Richardson, TX, USA, 75080
Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2022, residential HVAC was 68% of sales, commercial HVAC was 19%, and refrigeration accounted for the remaining 13% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company will be focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.
Executives
Gary S Bedard officer: President and COO, WWR 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Joseph Nassab officer: EVP, President/COO Commercial 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Prakash Bedapudi officer: EVP, Chief Technology Officer 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Joseph William Reitmeier officer: EVP & Chief Financial Officer 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Chris Kosel officer: VP-Corp Controller and CAO 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Daniel M Sessa officer: EVP, Chief HR Officer 2140 LAKE PARK BLVD., RICHARDSON TX 75080
John D Torres officer: EVP, Chief Legal Officer 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Todd J Teske director
Sherry Buck director PO BOX 10060, TOLEDO OH 436990060
Elliot S Zimmer officer: EVP, President/COO Commercial 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Alok Maskara officer: CEO 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Todd M Bluedorn director, officer: Chairman and CEO 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Shane D Wall director 2140 LAKE PARK BLVD., RICHARDSON TX 75080
Karen H Quintos director ONE DELL WAY, ROUND ROCK TX 78682
Janet Katherine Cooper director 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420