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Foster Wheeler AG (FRA:FWI) Cyclically Adjusted PB Ratio : (As of May. 17, 2024)


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What is Foster Wheeler AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

Foster Wheeler AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Foster Wheeler 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.

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Foster Wheeler AG Cyclically Adjusted PB Ratio Chart

Foster Wheeler AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PB Ratio
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Foster Wheeler AG Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of Foster Wheeler AG's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Foster Wheeler 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.

Foster Wheeler AG's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Foster Wheeler AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


Foster Wheeler 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.

Foster Wheeler AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, Foster Wheeler AG's adjusted Book Value per Share data for the three months ended in Sep. 2014 was:

Adj_Book=Book Value per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=6.476/100.0000*100.0000
=6.476

Current CPI (Sep. 2014) = 100.0000.

Foster Wheeler AG Quarterly Data

Book Value per Share CPI Adj_Book
200412 -14.481 78.600 -18.424
200503 -4.101 78.800 -5.204
200506 -3.979 79.400 -5.011
200509 -3.209 79.900 -4.016
200512 -2.974 80.300 -3.704
200603 -1.576 80.400 -1.960
200606 -0.361 81.500 -0.443
200609 0.077 81.900 0.094
200612 0.490 82.600 0.593
200703 1.022 82.800 1.234
200706 1.484 83.500 1.777
200709 2.181 83.500 2.612
200712 2.697 84.500 3.192
200803 3.263 84.900 3.843
200806 4.018 86.600 4.640
200809 4.565 87.500 5.217
200812 2.130 87.100 2.445
200903 2.796 87.300 3.203
200906 3.508 88.100 3.982
200909 3.968 88.300 4.494
200912 4.474 88.900 5.033
201003 4.973 89.400 5.563
201006 5.694 90.200 6.313
201009 5.452 90.400 6.031
201012 5.861 91.700 6.391
201103 5.691 92.600 6.146
201106 5.532 93.500 5.917
201109 5.497 94.500 5.817
201112 4.848 95.000 5.103
201203 5.172 95.400 5.421
201206 5.556 95.600 5.812
201209 5.789 96.400 6.005
201212 0.063 97.300 0.065
201303 5.153 97.800 5.269
201306 4.997 98.000 5.099
201309 5.470 98.700 5.542
201312 0.114 99.200 0.115
201403 5.593 99.300 5.632
201406 6.200 99.800 6.212
201409 6.476 100.000 6.476

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.

Foster Wheeler AG  (FRA:FWI) 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.

Foster Wheeler AG Cyclically Adjusted PB Ratio Related Terms

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Foster Wheeler AG (FRA:FWI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Foster Wheeler AG (FRA:FWI) » Definitions » Cyclically Adjusted PB Ratio
Comparable Companies
SHSE:600820 OSTO:PEAB B SHSE:601611 ISX:JSMR HKSE:02386 FLR TSE:1881 XKRX:000210 TSE:1983 BSP:RLOG3 OSTO:AF B MIL:AT XBRU:CFEB TSE:1959 LSE:JLG XKLS:5398 SZSE:002081 TSX:STN SZSE:002755 SAU:4100
Traded in Other Exchanges
N/A
Address
Website
http://www.fwc.com
Foster Wheeler AG was formed in 1927. The Company, with its subsidiaries, is a provider of construction and engineering services. The Company serves the oil and gas, oil refining, chemical and petrochemical, environmental, power generation, and power plant operation and maintenance industries. The Company operates through two business groups: its Global Engineering and Construction Group (Global E&C Group) and its Global Power Group. The Global E&C Group operates and designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, pharmaceutical and biotechnology facilities and related infrastructure, power generation and distribution facilities, and gasification facilities. The group provides engineering, project management and construction management services, and also designs facilities in new or developing market sectors, such as carbon capture and storage, solid fuel-fired integrated gasification combined-cycle power plants, coal-to-liquids, coal-to-chemicals and biofuels. The Global E&C Group additionally performs environmental remediation services. The Global Power Group designs, manufactures and installs steam generators and auxiliary equipment for electric power generating stations, district heating and power plants and industrial facilities. It offers new and retrofit nitrogen-oxide reduction systems, and provides site services related to these products, including construction and erection, maintenance engineering, plant upgrading, and life extensions. The Global Power Group conducts research and development in the areas of combustion, solid, fluid, and gas dynamics, heat transfer, materials, and solid mechanics. Further, this group owns and operates independent power production and waste-to-energy facilities, as well as power generation facilities for the process and petrochemical industries. Companies that compete with Global E&C Group include but are not limited to the following: Bechtel Corporation; Chicago Bridge & Iron Company N.V.; Chiyoda Corporation; Fluor Corporation; Jacobs Engineering Group Inc.; JGC Corporation; KBR, Inc.; Saipem S.p.A.; Technip; Técnicas Reunidas, SA; and WorleyParsons Ltd. Companies that compete with Global Power Group include but are not limited to the following: Alstom Power S.A.; Andritz Group AG; The Babcock & Wilcox Company; Babcock Power Inc.; Dongfang Boiler Works (a subsidiary of Dong Fang Electric Corporation); Doosan-Babcock; Harbin Boiler Co., Ltd.; Hitachi, Ltd.; Metso Corporation; Mitsubishi Heavy Industries Ltd.; and Shanghai Boiler Works Ltd. The operations are subject to certain federal, state and local environmental, occupational health and product safety laws.

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