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Arkema (XPAR:AKE) Cyclically Adjusted Book per Share : €79.72 (As of Jun. 2024)


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What is Arkema 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.

Arkema's adjusted book value per share for the three months ended in Jun. 2024 was €102.548. 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 €79.72 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Arkema's average Cyclically Adjusted Book Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 Arkema was 12.60% per year. The lowest was 6.40% per year. And the median was 8.00% per year.

As of today (2024-10-09), Arkema's current stock price is €84.85. Arkema's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €79.72. Arkema's Cyclically Adjusted PB Ratio of today is 1.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Arkema was 2.65. The lowest was 0.99. And the median was 1.82.


Arkema Cyclically Adjusted Book per Share Historical Data

The historical data trend for Arkema'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.

Arkema Cyclically Adjusted Book per Share Chart

Arkema 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 49.56 52.99 58.19 67.48 75.56

Arkema Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 72.33 74.12 75.56 77.74 79.72

Competitive Comparison of Arkema's Cyclically Adjusted Book per Share

For the Specialty Chemicals subindustry, Arkema'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.


Arkema's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Arkema's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Arkema 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, Arkema's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book= Book Value per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=102.548/120.2000*120.2000
=102.548

Current CPI (Jun. 2024) = 120.2000.

Arkema Quarterly Data

Book Value per Share CPI Adj_Book
201409 37.791 99.920 45.461
201412 48.497 99.860 58.375
201503 51.606 100.170 61.925
201506 51.305 100.440 61.398
201509 51.552 99.950 61.997
201512 52.395 100.040 62.954
201603 53.082 100.020 63.792
201606 52.983 100.630 63.287
201609 54.174 100.340 64.896
201612 55.570 100.650 66.364
201703 57.421 101.170 68.222
201706 56.129 101.320 66.588
201709 57.447 101.330 68.145
201712 58.454 101.850 68.985
201803 60.445 102.750 70.710
201806 62.192 103.370 72.318
201809 64.245 103.560 74.568
201812 65.288 103.470 75.844
201903 68.104 103.890 78.796
201906 66.446 104.580 76.370
201909 68.814 104.500 79.153
201912 68.934 104.980 78.928
202003 73.856 104.590 84.879
202006 72.592 104.790 83.267
202009 68.440 104.550 78.685
202012 67.648 104.960 77.470
202103 71.114 105.750 80.831
202106 75.808 106.340 85.689
202109 81.396 106.810 91.600
202112 85.225 107.850 94.984
202203 91.429 110.490 99.464
202206 98.028 112.550 104.691
202209 105.119 112.740 112.075
202212 97.577 114.160 102.740
202303 97.947 116.790 100.807
202306 95.660 117.650 97.733
202309 98.716 118.260 100.335
202312 96.278 118.390 97.750
202403 103.512 119.470 104.144
202406 102.548 120.200 102.548

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


Arkema  (XPAR:AKE) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=84.85/79.72
=1.06

* 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 Arkema was 2.65. The lowest was 0.99. And the median was 1.82.


Be Aware

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


Arkema Cyclically Adjusted Book per Share Related Terms

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


Arkema Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arkema SA (XPAR:AKE) » Definitions » Cyclically Adjusted Book per Share
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Address
420 rue d’Estienne d’Orves, Colombes, FRA, 92700
Arkema is a French chemical company formerly known for its large presence in the global acrylics market. However, the company has now developed a strong portfolio of speciality materials. Arkema is organized into four segments. Adhesive solutions, advanced materials, and coatings solutions contain the more specialized material businesses. The intermediates segment houses the remaining commodity chemical businesses. Geographically, sales are split fairly equally among Europe, the US, and Asia.

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