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Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Cyclically Adjusted PB Ratio : 0.78 (As of Apr. 27, 2024)


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What is Heidelberger Druckmaschinen AG Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Heidelberger Druckmaschinen AG's current share price is $1.01. Heidelberger Druckmaschinen AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $1.29. Heidelberger Druckmaschinen AG's Cyclically Adjusted PB Ratio for today is 0.78.

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

HBGRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.87   Max: 2.43
Current: 0.76

During the past years, Heidelberger Druckmaschinen AG's highest Cyclically Adjusted PB Ratio was 2.43. The lowest was 0.27. And the median was 0.87.

HBGRF's Cyclically Adjusted PB Ratio is ranked better than
80.16% of 1996 companies
in the Industrial Products industry
Industry Median: 1.72 vs HBGRF: 0.76

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.

Heidelberger Druckmaschinen AG's adjusted book value per share data for the three months ended in Dec. 2023 was $1.752. 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 $1.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heidelberger Druckmaschinen AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Heidelberger Druckmaschinen 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.

Heidelberger Druckmaschinen AG Cyclically Adjusted PB Ratio Chart

Heidelberger Druckmaschinen AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.29 0.80 2.04 1.39

Heidelberger Druckmaschinen AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.23 1.39 1.17 0.98 1.01

Competitive Comparison of Heidelberger Druckmaschinen AG's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Heidelberger Druckmaschinen 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.


Heidelberger Druckmaschinen AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heidelberger Druckmaschinen AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Heidelberger Druckmaschinen 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.01/1.29
=0.78

* 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.

Heidelberger Druckmaschinen AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Heidelberger Druckmaschinen AG'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)
=1.752/123.6675*123.6675
=1.752

Current CPI (Dec. 2023) = 123.6675.

Heidelberger Druckmaschinen AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.118 99.543 2.631
201406 1.712 99.543 2.127
201409 1.613 99.823 1.998
201412 0.971 99.543 1.206
201503 0.772 99.717 0.957
201506 1.471 100.417 1.812
201509 1.283 100.417 1.580
201512 1.431 99.717 1.775
201603 1.240 100.017 1.533
201606 0.729 100.717 0.895
201609 0.548 101.017 0.671
201612 1.009 101.217 1.233
201703 1.414 101.417 1.724
201706 1.668 102.117 2.020
201709 1.629 102.717 1.961
201712 1.465 102.617 1.766
201803 1.508 102.917 1.812
201806 1.391 104.017 1.654
201809 1.561 104.718 1.843
201812 1.349 104.217 1.601
201903 1.483 104.217 1.760
201906 1.095 105.718 1.281
201909 0.963 106.018 1.123
201912 1.198 105.818 1.400
202003 0.735 105.718 0.860
202006 0.581 106.618 0.674
202009 0.446 105.818 0.521
202012 0.228 105.518 0.267
202103 0.427 107.518 0.491
202106 0.325 108.486 0.370
202109 0.528 109.435 0.597
202112 0.601 110.384 0.673
202203 0.876 113.968 0.951
202206 1.407 115.760 1.503
202209 1.486 118.818 1.547
202212 1.591 119.345 1.649
202303 1.805 122.402 1.824
202306 1.833 123.140 1.841
202309 2.034 124.195 2.025
202312 1.752 123.668 1.752

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.


Heidelberger Druckmaschinen AG  (OTCPK:HBGRF) 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.


Heidelberger Druckmaschinen AG Cyclically Adjusted PB Ratio Related Terms

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Heidelberger Druckmaschinen AG (Heidelberger Druckmaschinen AG) Business Description

Traded in Other Exchanges
Address
Kurfursten-Anlage 52-60, Heidelberg, BW, DEU, 69115
Heidelberger Druckmaschinen AG is a company which develops and manufactures offset printing presses, parts, and accessories for printing presses, printing software, dryer and ink systems and document handling machinery. It organizes its business into three segments namely Print Solutions, Packaging Solutions, and Technology Solutions. The company generates maximum revenue from the Print Solutions segment.