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El.En. SpA (MIL:ELN) Cyclically Adjusted PB Ratio : 3.08 (As of May. 22, 2024)


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What is El.En. SpA Cyclically Adjusted PB Ratio?

As of today (2024-05-22), El.En. SpA's current share price is €9.63. El.En. SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.13. El.En. SpA's Cyclically Adjusted PB Ratio for today is 3.08.

The historical rank and industry rank for El.En. SpA's Cyclically Adjusted PB Ratio or its related term are showing as below:

MIL:ELN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.74   Med: 3.56   Max: 6.63
Current: 3.08

During the past years, El.En. SpA's highest Cyclically Adjusted PB Ratio was 6.63. The lowest was 1.74. And the median was 3.56.

MIL:ELN's Cyclically Adjusted PB Ratio is ranked worse than
65.32% of 470 companies
in the Medical Devices & Instruments industry
Industry Median: 2.13 vs MIL:ELN: 3.08

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.

El.En. SpA's adjusted book value per share data for the three months ended in Dec. 2023 was €4.327. 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 €3.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


El.En. SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for El.En. SpA'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.

El.En. SpA Cyclically Adjusted PB Ratio Chart

El.En. SpA 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 4.12 3.13 6.51 4.93 3.11

El.En. SpA 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 - 3.65 - 3.11 -

Competitive Comparison of El.En. SpA's Cyclically Adjusted PB Ratio

For the Medical Devices subindustry, El.En. SpA'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.


El.En. SpA's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, El.En. SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



El.En. SpA 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.

El.En. SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.63/3.13
=3.08

* 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.

El.En. SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, El.En. SpA's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.327/119.7000*119.7000
=4.327

Current CPI (Dec. 2023) = 119.7000.

El.En. SpA Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 99.907 0.000
201406 1.667 100.093 1.994
201409 0.000 99.814 0.000
201412 1.852 99.721 2.223
201503 0.000 99.814 0.000
201506 2.040 100.279 2.435
201509 0.000 100.000 0.000
201512 2.208 99.814 2.648
201603 0.000 99.600 0.000
201606 2.228 99.900 2.670
201609 0.000 100.100 0.000
201612 2.356 100.300 2.812
201703 0.000 101.000 0.000
201706 2.336 101.100 2.766
201709 0.000 101.200 0.000
201712 2.466 101.200 2.917
201803 0.000 101.800 0.000
201806 2.471 102.400 2.888
201809 0.000 102.600 0.000
201812 2.600 102.300 3.042
201903 0.000 102.800 0.000
201906 2.636 103.100 3.060
201909 0.000 102.900 0.000
201912 2.848 102.800 3.316
202003 0.000 102.900 0.000
202006 2.690 102.900 3.129
202009 0.000 102.300 0.000
202012 2.873 102.600 3.352
202103 0.000 103.700 0.000
202106 3.068 104.200 3.524
202109 0.000 104.900 0.000
202112 3.375 106.600 3.790
202203 0.000 110.400 0.000
202206 3.534 112.500 3.760
202209 0.000 114.200 0.000
202212 3.925 119.000 3.948
202303 0.000 118.800 0.000
202306 4.017 119.700 4.017
202309 0.000 120.300 0.000
202312 4.327 119.700 4.327

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.


El.En. SpA  (MIL:ELN) 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.


El.En. SpA Cyclically Adjusted PB Ratio Related Terms

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


El.En. SpA (MIL:ELN) Business Description

Traded in Other Exchanges
Address
Via Baldanzese No. 17, Calenzano, Florence, ITA, 50041
El.En. SpA is engaged in the research and development, manufacturing, distribution, and sales of laser systems. The company operates in two divisions medical and industrial. In the medical division, the application of laser is used as a healing treatment for aesthetic, surgical, physiotherapy and dental. Industrial division develops solutions for laser material processing applications through cutting, marking, laser sources and restoration. The company generates the majority of its revenue from the medical division. Geographically, it derives maximum revenue from the Rest of World.

El.En. SpA (MIL:ELN) Headlines

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