GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Grupo Catalana Occidente SA (XMAD:GCO) » Definitions » Cyclically Adjusted Book per Share

Grupo Catalana Occidente (XMAD:GCO) Cyclically Adjusted Book per Share : €29.33 (As of Sep. 2023)


View and export this data going back to 1990. Start your Free Trial

What is Grupo Catalana Occidente 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.

Grupo Catalana Occidente's adjusted book value per share for the three months ended in Sep. 2023 was €36.065. 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 €29.33 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Grupo Catalana Occidente's average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.90% 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 Grupo Catalana Occidente was 12.50% per year. The lowest was 11.90% per year. And the median was 12.20% per year.

As of today (2024-04-27), Grupo Catalana Occidente's current stock price is €35.75. Grupo Catalana Occidente's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was €29.33. Grupo Catalana Occidente's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Grupo Catalana Occidente was 2.08. The lowest was 0.87. And the median was 1.16.


Grupo Catalana Occidente Cyclically Adjusted Book per Share Historical Data

The historical data trend for Grupo Catalana Occidente'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.

Grupo Catalana Occidente Cyclically Adjusted Book per Share Chart

Grupo Catalana Occidente Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.98 19.18 20.64 24.16 26.85

Grupo Catalana Occidente Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 26.31 26.85 27.64 28.58 29.33

Competitive Comparison of Grupo Catalana Occidente's Cyclically Adjusted Book per Share

For the Insurance - Diversified subindustry, Grupo Catalana Occidente'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.


Grupo Catalana Occidente's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Grupo Catalana Occidente's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Grupo Catalana Occidente 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, Grupo Catalana Occidente's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book= Book Value per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=36.065/121.3426*121.3426
=36.065

Current CPI (Sep. 2023) = 121.3426.

Grupo Catalana Occidente Quarterly Data

Book Value per Share CPI Adj_Book
201312 14.627 101.306 17.520
201403 15.969 100.139 19.350
201406 16.609 101.081 19.938
201409 17.547 100.441 21.199
201412 18.366 100.251 22.230
201503 20.868 99.474 25.456
201506 18.724 101.138 22.465
201509 18.665 99.559 22.749
201512 19.490 100.268 23.586
201603 19.809 98.638 24.369
201606 19.967 100.333 24.148
201609 20.793 99.737 25.297
201612 21.479 101.842 25.592
201703 22.269 100.896 26.782
201706 22.279 101.848 26.543
201709 22.753 101.524 27.195
201712 23.331 102.975 27.493
201803 23.762 102.122 28.234
201806 24.038 104.165 28.002
201809 24.736 103.818 28.911
201812 24.294 104.193 28.293
201903 26.501 103.488 31.073
201906 27.707 104.612 32.138
201909 28.986 103.905 33.851
201912 29.491 105.015 34.076
202003 26.416 103.469 30.979
202006 28.454 104.254 33.118
202009 29.006 103.521 34.000
202012 30.341 104.456 35.246
202103 31.631 104.857 36.604
202106 32.193 107.102 36.473
202109 32.526 107.669 36.657
202112 34.553 111.298 37.671
202203 33.752 115.153 35.566
202206 31.983 118.044 32.877
202209 31.479 117.221 32.586
202212 32.048 117.650 33.054
202303 34.455 118.948 35.149
202306 40.181 120.278 40.537
202309 36.065 121.343 36.065

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


Grupo Catalana Occidente  (XMAD:GCO) 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.

Grupo Catalana Occidente's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=35.75/29.33
=1.22

* 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 Grupo Catalana Occidente was 2.08. The lowest was 0.87. And the median was 1.16.


Be Aware

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


Grupo Catalana Occidente Cyclically Adjusted Book per Share Related Terms

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


Grupo Catalana Occidente (XMAD:GCO) Business Description

Traded in Other Exchanges
Address
Avenida Alcalde Barnils 63, Sant Cugat del Valles, Barcelona, ESP, 08174
Grupo Catalana Occidente SA is a property and casualty company that operates in the global insurance market, as well as the global credit insurance market. It generates most of its revenue from Spain and other European countries. The company's revenue is generally split between its traditional insurance business and its credit insurance activity. Its traditional insurance business includes residential, commercial, auto, and life insurance products. Grupo's credit insurance business protects companies from the default risk associated with selling products and services on credit.