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Bechtle AG (Bechtle AG) Cyclically Adjusted PB Ratio : 5.38 (As of Jun. 09, 2024)


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What is Bechtle AG Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Bechtle AG's current share price is $53.55. Bechtle AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.95. Bechtle AG's Cyclically Adjusted PB Ratio for today is 5.38.

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

BHTLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.35   Med: 6.29   Max: 11.72
Current: 5.14

During the past years, Bechtle AG's highest Cyclically Adjusted PB Ratio was 11.72. The lowest was 4.35. And the median was 6.29.

BHTLF's Cyclically Adjusted PB Ratio is ranked worse than
74.37% of 1420 companies
in the Software industry
Industry Median: 2.54 vs BHTLF: 5.14

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.

Bechtle AG's adjusted book value per share data for the three months ended in Mar. 2024 was $15.541. 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 $9.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bechtle AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bechtle AG'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.

Bechtle AG Cyclically Adjusted PB Ratio Chart

Bechtle AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.41 10.82 9.84 4.32 5.17

Bechtle AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.46 4.37 5.15 5.17 5.38

Competitive Comparison of Bechtle AG's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, Bechtle AG'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.


Bechtle AG's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Bechtle AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bechtle AG 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.

Bechtle AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.55/9.95
=5.38

* 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.

Bechtle AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bechtle AG'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)
=15.541/125.0381*125.0381
=15.541

Current CPI (Mar. 2024) = 125.0381.

Bechtle AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.501 99.543 6.910
201409 5.459 99.823 6.838
201412 5.421 99.543 6.809
201503 4.945 99.717 6.201
201506 5.063 100.417 6.304
201509 5.255 100.417 6.543
201512 5.366 99.717 6.729
201603 5.629 100.017 7.037
201606 5.624 100.717 6.982
201609 5.843 101.017 7.232
201612 5.811 101.217 7.179
201703 6.080 101.417 7.496
201706 6.323 102.117 7.742
201709 6.960 102.717 8.472
201712 7.300 102.617 8.895
201803 7.851 102.917 9.538
201806 7.384 104.017 8.876
201809 7.702 104.718 9.197
201812 7.974 104.217 9.567
201903 8.211 104.217 9.851
201906 8.192 105.718 9.689
201909 8.350 106.018 9.848
201912 8.949 105.818 10.574
202003 9.262 105.718 10.955
202006 9.341 106.618 10.955
202009 10.238 105.818 12.098
202012 11.220 105.518 13.296
202103 11.391 107.518 13.247
202106 11.533 108.486 13.293
202109 11.842 109.435 13.530
202112 12.134 110.384 13.745
202203 12.273 113.968 13.465
202206 11.721 115.760 12.660
202209 11.449 118.818 12.048
202212 12.933 119.345 13.550
202303 13.555 122.402 13.847
202306 13.598 123.140 13.808
202309 13.965 124.195 14.060
202312 15.082 123.773 15.236
202403 15.541 125.038 15.541

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.


Bechtle AG  (OTCPK:BHTLF) 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.


Bechtle AG Cyclically Adjusted PB Ratio Related Terms

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


Bechtle AG (Bechtle AG) Business Description

Industry
Traded in Other Exchanges
Address
Bechtle Platz 1, Neckarsulm, BW, DEU, 74172
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consist of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing.

Bechtle AG (Bechtle AG) Headlines

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