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Ilkka Oyj (OHEL:ILKKA2) Cyclically Adjusted PB Ratio : 0.63 (As of May. 25, 2024)


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What is Ilkka Oyj Cyclically Adjusted PB Ratio?

As of today (2024-05-25), Ilkka Oyj's current share price is €3.19. Ilkka Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €5.03. Ilkka Oyj's Cyclically Adjusted PB Ratio for today is 0.63.

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

OHEL:ILKKA2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.99   Max: 1.51
Current: 0.64

During the past years, Ilkka Oyj's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.62. And the median was 0.99.

OHEL:ILKKA2's Cyclically Adjusted PB Ratio is ranked better than
69.64% of 662 companies
in the Media - Diversified industry
Industry Median: 1.11 vs OHEL:ILKKA2: 0.64

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.

Ilkka Oyj's adjusted book value per share data for the three months ended in Mar. 2024 was €6.276. 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 €5.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ilkka Oyj Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ilkka Oyj'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.

Ilkka Oyj Cyclically Adjusted PB Ratio Chart

Ilkka Oyj 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 0.99 1.17 1.21 0.80 0.63

Ilkka Oyj 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 0.82 0.70 0.65 0.63 0.65

Competitive Comparison of Ilkka Oyj's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Ilkka Oyj'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.


Ilkka Oyj's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

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

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



Ilkka Oyj 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.

Ilkka Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.19/5.03
=0.63

* 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.

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

For example, Ilkka Oyj'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)
=6.276/122.3600*122.3600
=6.276

Current CPI (Mar. 2024) = 122.3600.

Ilkka Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.282 100.147 2.788
201409 2.426 100.726 2.947
201412 2.513 100.229 3.068
201503 2.548 100.120 3.114
201506 2.568 100.030 3.141
201509 2.663 100.130 3.254
201512 2.573 99.990 3.149
201603 2.565 100.080 3.136
201606 2.539 100.390 3.095
201609 2.625 100.540 3.195
201612 2.715 101.020 3.289
201703 2.810 100.910 3.407
201706 2.853 101.140 3.452
201709 2.953 101.320 3.566
201712 3.002 101.510 3.619
201803 3.150 101.730 3.789
201806 3.142 102.320 3.757
201809 3.276 102.600 3.907
201812 4.765 102.710 5.677
201903 5.075 102.870 6.037
201906 4.608 103.360 5.455
201909 5.023 103.540 5.936
201912 5.371 103.650 6.341
202003 4.646 103.490 5.493
202006 4.828 103.320 5.718
202009 5.097 103.710 6.014
202012 6.252 103.890 7.364
202103 6.387 104.870 7.452
202106 6.552 105.360 7.609
202109 6.452 106.290 7.427
202112 6.873 107.490 7.824
202203 6.573 110.950 7.249
202206 6.260 113.570 6.745
202209 5.574 114.920 5.935
202212 6.091 117.320 6.353
202303 6.044 119.750 6.176
202306 6.006 120.690 6.089
202309 5.927 121.280 5.980
202312 6.160 121.540 6.202
202403 6.276 122.360 6.276

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.


Ilkka Oyj  (OHEL:ILKKA2) 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.


Ilkka Oyj Cyclically Adjusted PB Ratio Related Terms

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Ilkka Oyj (OHEL:ILKKA2) Business Description

Traded in Other Exchanges
Address
Koulukatu 10, P.O. Box 60, Seinajoki, FIN, 60101
Ilkka Oyj together with its subsidiaries, operates in publishing and printing businesses in Europe. It publishes regional newspapers, including Ilkka and Pohjalainen; local newspapers, such as Viiskunta, Komiat, Järviseutu, Suupohjan Sanomat, and Jurvan Sanomat; and free sheets comprising Vaasan Ikkuna and Etelä-Pohjanmaa, as well as provide online and mobile services of these papers. The company also offers marketing and communications agency services; and digital publishing services.

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