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Marcopolo (BSP:POMO3) Cyclically Adjusted PB Ratio : 1.89 (As of May. 17, 2024)


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What is Marcopolo Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Marcopolo's current share price is R$5.41. Marcopolo's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$2.87. Marcopolo's Cyclically Adjusted PB Ratio for today is 1.89.

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

BSP:POMO3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.27   Max: 2.28
Current: 1.82

During the past years, Marcopolo's highest Cyclically Adjusted PB Ratio was 2.28. The lowest was 0.60. And the median was 1.27.

BSP:POMO3's Cyclically Adjusted PB Ratio is ranked better than
50% of 162 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.835 vs BSP:POMO3: 1.82

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.

Marcopolo's adjusted book value per share data for the three months ended in Mar. 2024 was R$3.157. 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 R$2.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marcopolo Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Marcopolo'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.

Marcopolo Cyclically Adjusted PB Ratio Chart

Marcopolo 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 2.05 1.10 0.84 0.75 1.64

Marcopolo 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 0.75 1.28 1.36 1.64 2.04

Competitive Comparison of Marcopolo's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, Marcopolo'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.


Marcopolo's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Marcopolo's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Marcopolo 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.

Marcopolo's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.41/2.87
=1.89

* 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.

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

For example, Marcopolo'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)
=3.157/159.3724*159.3724
=3.157

Current CPI (Mar. 2024) = 159.3724.

Marcopolo Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.381 91.838 2.397
201409 1.456 92.602 2.506
201412 1.536 94.194 2.599
201503 1.593 97.799 2.596
201506 1.588 100.006 2.531
201509 1.732 101.392 2.722
201512 1.702 104.247 2.602
201603 1.646 106.979 2.452
201606 1.595 108.851 2.335
201609 1.754 109.986 2.542
201612 1.658 110.802 2.385
201703 1.653 111.869 2.355
201706 1.693 112.115 2.407
201709 1.679 112.777 2.373
201712 1.713 114.068 2.393
201803 1.732 114.868 2.403
201806 1.818 117.038 2.476
201809 1.888 117.881 2.553
201812 1.905 118.340 2.566
201903 1.899 120.124 2.519
201906 1.937 120.977 2.552
201909 1.973 121.292 2.592
201912 2.050 123.436 2.647
202003 2.140 124.092 2.748
202006 2.192 123.557 2.827
202009 2.181 125.095 2.779
202012 6.226 129.012 7.691
202103 2.297 131.660 2.780
202106 2.379 133.871 2.832
202109 6.935 137.913 8.014
202112 2.576 141.992 2.891
202203 2.590 146.537 2.817
202206 2.650 149.784 2.820
202209 2.699 147.800 2.910
202212 2.802 150.207 2.973
202303 2.775 153.352 2.884
202306 2.877 154.519 2.967
202309 2.983 155.464 3.058
202312 3.138 157.148 3.182
202403 3.157 159.372 3.157

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.


Marcopolo  (BSP:POMO3) 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.


Marcopolo Cyclically Adjusted PB Ratio Related Terms

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


Marcopolo (BSP:POMO3) Business Description

Traded in Other Exchanges
Address
Avenida Marcopolo, 280, Bairro Planalto, Caxias do Sul, RS, BRA, 95060-145
Marcopolo SA is a Brazilian auto manufacturer. The line of products includes a wide variety of models, composed of the groups of intercity, urban, micro, and mini-buses, as well as the Volare family (complete bus, with chassis and body). The buses are manufactured in facilities predominantly in Brazil and in Columbia, Egypt, India, Mexico, and China. The revenues that the company derives from its exports are marginally higher than that from domestic sales. Marcopolo sells its vehicles under such brand names as Volare, Fratello, Andare, Viaggio, Torino, and Viale. Its activities are divided into two segments, Industrial and Financial. The industrial segment is its core segment which manufactures buses and the financial segment is responsible for financing transactions through Banco Moneo.

Marcopolo (BSP:POMO3) Headlines

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