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Aggreko (LSE:AGK) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


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What is Aggreko Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Aggreko Cyclically Adjusted PB Ratio Historical Data

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

Aggreko Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PB Ratio
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Aggreko Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20
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Competitive Comparison of Aggreko's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Aggreko'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.


Aggreko's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aggreko's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Aggreko 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.

Aggreko's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec20 is calculated as:

For example, Aggreko's adjusted Book Value per Share data for the fiscal year that ended in Dec20 was:

Adj_Book=Book Value per Share/CPI of Dec20 (Change)*Current CPI (Dec20)
=4.478/109.4000*109.4000
=4.478

Current CPI (Dec20) = 109.4000.

Aggreko Annual Data

Book Value per Share CPI Adj_Book
201112 3.472 95.000 3.998
201212 4.091 97.300 4.600
201312 4.474 99.200 4.934
201412 4.209 99.900 4.609
201512 4.353 100.400 4.743
201612 5.341 102.200 5.717
201712 5.130 105.000 5.345
201812 5.337 107.100 5.452
201912 5.329 108.500 5.373
202012 4.478 109.400 4.478

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.


Aggreko  (LSE:AGK) 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.


Aggreko Cyclically Adjusted PB Ratio Related Terms

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Aggreko (LSE:AGK) Business Description

Industry
Traded in Other Exchanges
N/A
Address
120 Bothwell Street, 8th Floor, Glasgow, GBR, G2 7JS
Aggreko PLC is a provider of cooling and heating rental equipment. The company operates two business units: rental solutions and power solutions. Rental solutions offer power, heating, and cooling equipment to customers in developed markets on a rental basis. Power solutions, the slightly larger business unit by revenue, operates in emerging markets and serves industrial and utility customers with large and complex solutions to their power requirements. Aggreko serves customers in utilities, oil and gas, mining, events, petrochemical and refining, manufacturing, and other sectors worldwide. The company generates the lion's share of its revenue in North America, followed by Africa, Asia, and the Middle East.

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