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Ceconomy AG (WBO:CEC) Cyclically Adjusted PB Ratio : 0.45 (As of May. 26, 2024)


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What is Ceconomy AG Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Ceconomy AG's current share price is €2.948. Ceconomy AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.49. Ceconomy AG's Cyclically Adjusted PB Ratio for today is 0.45.

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

WBO:CEC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.37   Max: 0.83
Current: 0.46

During the past years, Ceconomy AG's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.12. And the median was 0.37.

WBO:CEC's Cyclically Adjusted PB Ratio is ranked better than
80.65% of 734 companies
in the Retail - Cyclical industry
Industry Median: 1.175 vs WBO:CEC: 0.46

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.

Ceconomy AG's adjusted book value per share data for the three months ended in Mar. 2024 was €1.286. 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 €6.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ceconomy AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ceconomy 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.

Ceconomy AG Cyclically Adjusted PB Ratio Chart

Ceconomy AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.36 0.37 0.13 0.27

Ceconomy 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 0.32 0.31 0.27 0.36 0.29

Competitive Comparison of Ceconomy AG's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Ceconomy 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.


Ceconomy AG's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ceconomy AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ceconomy 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.948/6.49
=0.45

* 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.

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

For example, Ceconomy 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)
=1.286/125.0381*125.0381
=1.286

Current CPI (Mar. 2024) = 125.0381.

Ceconomy AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 15.444 99.543 19.400
201409 15.264 99.823 19.120
201412 15.398 99.543 19.342
201503 13.584 99.717 17.033
201506 14.404 100.417 17.936
201509 15.848 100.417 19.734
201512 17.439 99.717 21.867
201603 16.111 100.017 20.142
201606 15.931 100.717 19.778
201609 16.280 101.017 20.151
201612 17.253 101.217 21.313
201703 -8.397 101.417 -10.353
201706 -1.426 102.117 -1.746
201709 2.047 102.717 2.492
201712 2.200 102.617 2.681
201803 1.744 102.917 2.119
201806 1.121 104.017 1.348
201809 1.909 104.718 2.279
201812 2.181 104.217 2.617
201903 2.204 104.217 2.644
201906 2.062 105.718 2.439
201909 2.120 106.018 2.500
201912 2.677 105.818 3.163
202003 1.687 105.718 1.995
202006 1.374 106.618 1.611
202009 1.355 105.818 1.601
202012 1.719 105.518 2.037
202103 2.064 107.518 2.400
202106 1.803 108.486 2.078
202109 1.984 109.435 2.267
202112 2.195 110.384 2.486
202203 1.806 113.968 1.981
202206 0.834 115.760 0.901
202209 1.216 118.818 1.280
202212 1.507 119.345 1.579
202303 1.436 122.402 1.467
202306 1.002 123.140 1.017
202309 0.954 124.195 0.960
202312 1.193 123.773 1.205
202403 1.286 125.038 1.286

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.


Ceconomy AG  (WBO:CEC) 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.


Ceconomy AG Cyclically Adjusted PB Ratio Related Terms

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


Ceconomy AG (WBO:CEC) Business Description

Address
Kaistrasse 3, Dusseldorf, NW, DEU, 40221
Ceconomy AG is engaged in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE, a music streaming service that comprises songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New, a purchasing service for consumer electronics, which allows customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world. Its operating segment includes DACH; Western/ Southern Europe; Eastern Europe and others. The company derives a majority of its revenue from the DACH segment which includes Germany, Austria, Switzerland, and Hungary.

Ceconomy AG (WBO:CEC) Headlines

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