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Swisscom AG (STU:SWJA) Cyclically Adjusted PB Ratio : 3.09 (As of May. 24, 2024)


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What is Swisscom AG Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Swisscom AG's current share price is €51.50. Swisscom AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.64. Swisscom AG's Cyclically Adjusted PB Ratio for today is 3.09.

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

STU:SWJA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.96   Med: 4.3   Max: 5.78
Current: 3.01

During the past years, Swisscom AG's highest Cyclically Adjusted PB Ratio was 5.78. The lowest was 2.96. And the median was 4.30.

STU:SWJA's Cyclically Adjusted PB Ratio is ranked worse than
77.85% of 289 companies
in the Telecommunication Services industry
Industry Median: 1.45 vs STU:SWJA: 3.01

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.

Swisscom AG's adjusted book value per share data for the three months ended in Mar. 2024 was €24.344. 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 €16.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swisscom AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Swisscom AG'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.

Swisscom AG Cyclically Adjusted PB Ratio Chart

Swisscom AG 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 4.43 3.95 3.87 3.40 3.11

Swisscom AG 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 3.78 3.54 3.39 3.11 3.30

Competitive Comparison of Swisscom AG's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Swisscom AG'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.


Swisscom AG's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Swisscom AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Swisscom AG 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.

Swisscom AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.50/16.64
=3.09

* 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.

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

For example, Swisscom AG'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)
=24.344/107.3549*107.3549
=24.344

Current CPI (Mar. 2024) = 107.3549.

Swisscom AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.368 101.517 8.849
201409 8.473 101.247 8.984
201412 8.801 100.704 9.382
201503 9.457 100.339 10.118
201506 9.079 100.464 9.702
201509 8.783 99.785 9.449
201512 9.326 99.386 10.074
201603 8.683 99.475 9.371
201606 7.544 100.088 8.092
201609 8.036 99.604 8.661
201612 11.694 99.380 12.632
201703 12.427 100.040 13.336
201706 11.603 100.285 12.421
201709 12.045 100.254 12.898
201712 12.653 100.213 13.555
201803 13.889 100.836 14.787
201806 12.849 101.435 13.599
201809 14.230 101.246 15.089
201812 14.067 100.906 14.966
201903 14.322 101.571 15.138
201906 13.640 102.044 14.350
201909 14.133 101.396 14.964
201912 15.687 101.063 16.664
202003 16.489 101.048 17.518
202006 14.847 100.743 15.821
202009 15.442 100.585 16.481
202012 16.951 100.241 18.154
202103 18.244 100.800 19.430
202106 17.752 101.352 18.803
202109 18.738 101.533 19.813
202112 20.054 101.776 21.153
202203 21.234 103.205 22.088
202206 19.610 104.783 20.091
202209 21.560 104.835 22.078
202212 21.846 104.666 22.407
202303 22.778 106.245 23.016
202306 21.617 106.576 21.775
202309 22.821 106.570 22.989
202312 23.784 106.461 23.984
202403 24.344 107.355 24.344

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.


Swisscom AG  (STU:SWJA) 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.


Swisscom AG Cyclically Adjusted PB Ratio Related Terms

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


Swisscom AG (STU:SWJA) Business Description

Address
Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, CH-3050
Swisscom is the incumbent telecom operator in Switzerland, with a high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. It also owns Fastweb in Italy, which has a broadband network and operates as a wireless reseller.

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