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GKN (GKNLY) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is GKN Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


GKN Cyclically Adjusted PB Ratio Historical Data

The historical data trend for GKN'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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GKN Cyclically Adjusted PB Ratio Chart

GKN Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
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GKN Semi-Annual Data
Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17
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Competitive Comparison of GKN's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, GKN'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.


GKN's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, GKN's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



GKN 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.

GKN's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec17 is calculated as:

For example, GKN's adjusted Book Value per Share data for the fiscal year that ended in Dec17 was:

Adj_Book=Book Value per Share/CPI of Dec17 (Change)*Current CPI (Dec17)
=1.983/105.0000*105.0000
=1.983

Current CPI (Dec17) = 105.0000.

GKN Annual Data

Book Value per Share CPI Adj_Book
200812 1.906 87.100 2.298
200912 0.991 88.900 1.170
201012 1.319 91.700 1.510
201112 1.256 95.000 1.388
201212 1.558 97.300 1.681
201312 1.774 99.200 1.878
201412 1.409 99.900 1.481
201512 1.627 100.400 1.702
201612 1.549 102.200 1.591
201712 1.983 105.000 1.983

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.


GKN  (OTCPK:GKNLY) 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.


GKN Cyclically Adjusted PB Ratio Related Terms

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


GKN (GKNLY) Business Description

Traded in Other Exchanges
N/A
Address
Ipsley House, Ipsley Church Lane, PO Box 55, Redditch, Worcs, GBR, B98 0TL
GKN is a British engineering company specialising in manufacture and service of systems and components with aerospace and automotive applications. In 2017, GKN generated GBP 9.7 billion in revenue. About 50% of revenue comes from Driveline, 35% from Aerospace, and 11% from Powder Metallurgy, while Other Business generates the remaining 4% of sales.

GKN (GKNLY) Headlines

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Bestinver Comments on GKN

By Holly LaFon Holly LaFon 07-03-2018