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Envision Healthcare (Envision Healthcare) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is Envision Healthcare Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Envision Healthcare Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Envision Healthcare'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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Envision Healthcare Cyclically Adjusted PB Ratio Chart

Envision Healthcare Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
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Envision Healthcare Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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Competitive Comparison of Envision Healthcare's Cyclically Adjusted PB Ratio

For the Medical Care Facilities subindustry, Envision Healthcare'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.


Envision Healthcare's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Envision Healthcare's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Envision Healthcare 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.

Envision Healthcare's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2018 is calculated as:

For example, Envision Healthcare's adjusted Book Value per Share data for the three months ended in Jun. 2018 was:

Adj_Book=Book Value per Share/CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=38.103/106.3168*106.3168
=38.103

Current CPI (Jun. 2018) = 106.3168.

Envision Healthcare Quarterly Data

Book Value per Share CPI Adj_Book
200809 14.672 92.307 16.899
200812 14.690 88.697 17.608
200903 14.667 89.744 17.375
200906 15.552 91.003 18.169
200909 16.033 91.120 18.707
200912 16.467 91.111 19.215
201003 16.833 91.821 19.490
201006 17.320 91.962 20.024
201009 17.769 92.162 20.498
201012 18.172 92.474 20.892
201103 18.415 94.283 20.765
201106 18.788 95.235 20.974
201109 19.249 95.727 21.378
201112 19.699 95.213 21.996
201203 19.998 96.783 21.968
201206 20.492 96.819 22.502
201209 20.985 97.633 22.851
201212 21.586 96.871 23.691
201303 21.912 98.209 23.721
201306 22.462 98.518 24.240
201309 23.001 98.790 24.753
201312 23.621 98.326 25.541
201403 24.071 99.695 25.670
201406 24.693 100.560 26.107
201409 30.921 100.428 32.734
201412 31.445 99.070 33.745
201503 31.707 99.621 33.838
201506 32.430 100.684 34.244
201509 33.332 100.392 35.299
201512 39.172 99.792 41.733
201603 39.403 100.470 41.696
201606 40.333 101.688 42.169
201609 41.112 101.861 42.910
201612 57.297 101.863 59.802
201703 53.530 102.862 55.328
201706 53.587 103.349 55.126
201709 52.868 104.136 53.975
201712 53.934 104.011 55.130
201803 53.272 105.290 53.792
201806 38.103 106.317 38.103

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.


Envision Healthcare  (NYSE:EVHC) 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.


Envision Healthcare Cyclically Adjusted PB Ratio Related Terms

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Envision Healthcare (Envision Healthcare) Business Description

Traded in Other Exchanges
N/A
Address
AmSurg acquires and develops practice-based ambulatory surgery centers in partnership with physician groups. The company has a majority interest in 264 surgery centers in 35 states. AmSurg centers are typically single-specialty and perform procedures in the areas of gastroenterology, ophthalmology, and orthopedics.

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