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Vianini Lavori (MIL:VLA) Cyclically Adjusted PB Ratio : (As of Jun. 09, 2024)


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What is Vianini Lavori Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Vianini Lavori Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vianini Lavori'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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Vianini Lavori Cyclically Adjusted PB Ratio Chart

Vianini Lavori Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Vianini Lavori Quarterly Data
Jun10 Dec10 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of Vianini Lavori's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Vianini Lavori'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.


Vianini Lavori's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



Vianini Lavori 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.

Vianini Lavori's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec14 is calculated as:

For example, Vianini Lavori's adjusted Book Value per Share data for the fiscal year that ended in Dec14 was:

Adj_Book=Book Value per Share/CPI of Dec14 (Change)*Current CPI (Dec14)
=15.059/99.7209*99.7209
=15.059

Current CPI (Dec14) = 99.7209.

Vianini Lavori Annual Data

Book Value per Share CPI Adj_Book
200512 11.080 85.238 12.963
200612 11.956 86.835 13.730
200712 13.151 89.097 14.719
200812 12.778 91.094 13.988
200912 13.044 92.025 14.135
201012 14.031 93.755 14.924
201112 12.538 96.837 12.911
201212 12.669 99.070 12.752
201312 14.019 99.721 14.019
201412 15.059 99.721 15.059

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.


Vianini Lavori  (MIL:VLA) 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.


Vianini Lavori Cyclically Adjusted PB Ratio Related Terms

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Vianini Lavori (MIL:VLA) Business Description

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Vianini Lavori SpA was established on July 24, 1980. The Company operates as a contractor in the infrastructure, water, and highways concessions areas in Italy. It undertakes subways, roads, housing, railways projects, dams and hydropower projects, canals and aqueducts, industrial and civil construction projects and also invests in companies such as Cementir Holding, Water Campania, and Eurostazioni, among others.

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