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Azevedo E Travassos (BSP:AZEV4) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is Azevedo E Travassos Cyclically Adjusted PB Ratio?

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Azevedo E Travassos Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Azevedo E Travassos'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.

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Azevedo E Travassos Cyclically Adjusted PB Ratio Chart

Azevedo E Travassos Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Azevedo E Travassos Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Azevedo E Travassos's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Azevedo E Travassos'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.


Azevedo E Travassos's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Azevedo E Travassos 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.

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

For example, Azevedo E Travassos'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)
=2.182/157.1481*157.1481
=2.182

Current CPI (Dec. 2023) = 157.1481.

Azevedo E Travassos Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.357 90.447 5.833
201406 3.520 91.838 6.023
201409 3.667 92.602 6.223
201412 3.608 94.194 6.019
201503 3.662 97.799 5.884
201506 3.687 100.006 5.794
201509 3.705 101.392 5.742
201512 3.604 104.247 5.433
201603 3.658 106.979 5.373
201606 2.562 108.851 3.699
201609 1.867 109.986 2.668
201612 0.469 110.802 0.665
201703 -0.439 111.869 -0.617
201706 -1.442 112.115 -2.021
201709 -2.656 112.777 -3.701
201712 -6.257 114.068 -8.620
201803 -7.217 114.868 -9.873
201806 -8.094 117.038 -10.868
201809 -15.428 117.881 -20.567
201812 -16.916 118.340 -22.463
201903 -17.610 120.124 -23.038
201906 -18.014 120.977 -23.400
201909 -18.550 121.292 -24.034
201912 -19.678 123.436 -25.052
202003 -19.885 124.092 -25.182
202006 -20.050 123.557 -25.501
202009 -21.030 125.095 -26.418
202012 -8.304 129.012 -10.115
202103 -2.246 131.660 -2.681
202106 -2.767 133.871 -3.248
202109 0.810 137.913 0.923
202112 1.942 141.992 2.149
202203 2.154 146.537 2.310
202206 1.856 149.784 1.947
202209 1.615 147.800 1.717
202212 1.257 150.207 1.315
202303 0.997 153.352 1.022
202306 1.545 154.519 1.571
202309 1.503 155.464 1.519
202312 2.182 157.148 2.182

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.


Azevedo E Travassos  (BSP:AZEV4) 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.


Azevedo E Travassos Cyclically Adjusted PB Ratio Related Terms

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Azevedo E Travassos (BSP:AZEV4) Business Description

Traded in Other Exchanges
Address
Avenida das Nacoes Unidas, 12901, North Tower, 21st floor, Sao Paulo, SP, BRA, 2102
Azevedo E Travassos SA is an engineering and construction contractor. The company's business areas include heavy and civil construction; electromechanical assembly; well drilling and completion; property development and oil exploration and production. It builds highways, roads, bridges, airports, residential, commercial, industrial health care and buildings, and others.

Azevedo E Travassos (BSP:AZEV4) Headlines

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