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Yellow Pages (FRA:YMI) Cyclically Adjusted PB Ratio : 0.88 (As of Jun. 08, 2024)


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What is Yellow Pages Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Yellow Pages's current share price is €5.75. Yellow Pages's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.54. Yellow Pages's Cyclically Adjusted PB Ratio for today is 0.88.

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

FRA:YMI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.17   Max: 1.44
Current: 0.91

During the past years, Yellow Pages's highest Cyclically Adjusted PB Ratio was 1.44. The lowest was 0.91. And the median was 1.17.

FRA:YMI's Cyclically Adjusted PB Ratio is ranked better than
58.59% of 693 companies
in the Media - Diversified industry
Industry Median: 1.13 vs FRA:YMI: 0.91

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.

Yellow Pages's adjusted book value per share data for the three months ended in Mar. 2024 was €2.704. 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 €6.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yellow Pages Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yellow Pages'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.

Yellow Pages Cyclically Adjusted PB Ratio Chart

Yellow Pages 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 - 1.19 1.31 1.18 1.11

Yellow Pages 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 1.16 1.12 1.14 1.11 1.02

Competitive Comparison of Yellow Pages's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Yellow Pages'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.


Yellow Pages's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Yellow Pages's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Yellow Pages 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.

Yellow Pages's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.75/6.54
=0.88

* 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.

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

For example, Yellow Pages'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)
=2.704/126.2576*126.2576
=2.704

Current CPI (Mar. 2024) = 126.2576.

Yellow Pages Quarterly Data

Book Value per Share CPI Adj_Book
201406 14.128 99.473 17.932
201409 14.597 99.394 18.542
201412 17.198 98.367 22.074
201503 18.428 99.789 23.316
201506 18.882 100.500 23.721
201509 18.018 100.421 22.654
201512 18.118 99.947 22.887
201603 18.084 101.054 22.594
201606 17.724 102.002 21.939
201609 17.352 101.765 21.528
201612 9.948 101.449 12.381
201703 9.415 102.634 11.582
201706 8.723 103.029 10.690
201709 8.984 103.345 10.976
201712 -4.711 103.345 -5.755
201803 -4.595 105.004 -5.525
201806 -4.235 105.557 -5.066
201809 -3.412 105.636 -4.078
201812 -2.777 105.399 -3.327
201903 -2.501 106.979 -2.952
201906 -2.252 107.690 -2.640
201909 -1.898 107.611 -2.227
201912 -0.406 107.769 -0.476
202003 0.540 107.927 0.632
202006 0.585 108.401 0.681
202009 0.416 108.164 0.486
202012 0.676 108.559 0.786
202103 1.381 110.298 1.581
202106 1.528 111.720 1.727
202109 1.991 112.905 2.226
202112 2.924 113.774 3.245
202203 3.423 117.646 3.674
202206 3.633 120.806 3.797
202209 4.144 120.648 4.337
202212 2.450 120.964 2.557
202303 2.799 122.702 2.880
202306 3.154 124.203 3.206
202309 3.437 125.230 3.465
202312 2.100 125.072 2.120
202403 2.704 126.258 2.704

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.


Yellow Pages  (FRA:YMI) 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.


Yellow Pages Cyclically Adjusted PB Ratio Related Terms

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


Yellow Pages (FRA:YMI) Business Description

Traded in Other Exchanges
Address
1751 Richardson Street, Suite 2.300, Montreal, QC, CAN, H3K 1G6
Yellow Pages Ltd is a media and marketing solutions company in Canada, It offers local and national businesses access to digital and print media and marketing solutions to reach consumers in all the provinces and territories of Canada.

Yellow Pages (FRA:YMI) Headlines

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