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Air Water (Air Water) Cyclically Adjusted PB Ratio : 1.24 (As of May. 01, 2024)


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What is Air Water Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Air Water's current share price is $13.16. Air Water's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $10.63. Air Water's Cyclically Adjusted PB Ratio for today is 1.24.

The historical rank and industry rank for Air Water's Cyclically Adjusted PB Ratio or its related term are showing as below:

AWTRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.4   Max: 2.45
Current: 1.5

During the past years, Air Water's highest Cyclically Adjusted PB Ratio was 2.45. The lowest was 1.04. And the median was 1.40.

AWTRF's Cyclically Adjusted PB Ratio is ranked better than
53.03% of 1056 companies
in the Chemicals industry
Industry Median: 1.6 vs AWTRF: 1.50

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.

Air Water's adjusted book value per share data for the three months ended in Dec. 2023 was $14.012. 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 $10.63 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Water Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Air Water's Cyclically Adjusted PB Ratio 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.

Air Water Cyclically Adjusted PB Ratio Chart

Air Water Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 1.27 1.57 1.30 1.14

Air Water Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 1.07 1.14 1.34 1.22 1.24

Competitive Comparison of Air Water's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Air Water'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.


Air Water's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Air Water Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Air Water's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.16/10.63
=1.24

* 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.

Air Water's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Air Water's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=14.012/106.8000*106.8000
=14.012

Current CPI (Dec. 2023) = 106.8000.

Air Water Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.182 95.700 11.363
201406 10.380 98.000 11.312
201409 10.160 98.500 11.016
201412 9.428 97.900 10.285
201503 9.616 97.900 10.490
201506 9.605 98.400 10.425
201509 9.936 98.500 10.773
201512 9.972 98.100 10.856
201603 10.618 97.900 11.583
201606 11.366 98.100 12.374
201609 12.058 98.000 13.141
201612 10.994 98.400 11.933
201703 11.641 98.100 12.673
201706 11.894 98.500 12.896
201709 12.397 98.800 13.401
201712 12.513 99.400 13.445
201803 12.722 99.200 13.697
201806 13.111 99.200 14.115
201809 13.182 99.900 14.092
201812 13.105 99.700 14.038
201903 12.779 99.700 13.689
201906 13.249 99.800 14.178
201909 13.408 100.100 14.305
201912 13.665 100.500 14.522
202003 13.560 100.300 14.439
202006 13.604 99.900 14.544
202009 14.116 99.900 15.091
202012 14.368 99.300 15.453
202103 14.580 99.900 15.587
202106 14.646 99.500 15.721
202109 15.070 100.100 16.079
202112 14.822 100.100 15.814
202203 14.711 101.100 15.540
202206 13.310 101.800 13.964
202209 12.909 103.100 13.372
202212 13.669 104.100 14.024
202303 14.158 104.400 14.483
202306 13.819 105.200 14.029
202309 13.581 106.200 13.658
202312 14.012 106.800 14.012

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


Air Water  (OTCPK:AWTRF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Air Water Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Air Water's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Air Water (Air Water) Business Description

Traded in Other Exchanges
Address
12-8, Minami Semba 2-chome, Chuo-ku, Osaka, JPN, 542-0081
Air Water Inc manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into five primary segments based on product type. The industrial gas segment, which generates the most revenue of any segment, sells gases including oxygen used in blast furnaces to produce steel. The chemical business sells coal and fine chemicals to the agricultural and pharmaceutical industries. The medical segment sells medical gases and sterilization equipment to hospitals and home-care facilities. The agricultural and food products segment sells delicatessen meat, frozen foods, and fruit and vegetable juices. The energy segment sells natural gas.

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