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KHD Humboldt Wedag International AG (KHD Humboldt Wedag International AG) Cyclically Adjusted PB Ratio : 0.56 (As of Apr. 28, 2024)


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What is KHD Humboldt Wedag International AG Cyclically Adjusted PB Ratio?

As of today (2024-04-28), KHD Humboldt Wedag International AG's current share price is $1.74. KHD Humboldt Wedag International AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $3.13. KHD Humboldt Wedag International AG's Cyclically Adjusted PB Ratio for today is 0.56.

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

KHDHF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.49   Max: 0.63
Current: 0.5

During the past 13 years, KHD Humboldt Wedag International AG's highest Cyclically Adjusted PB Ratio was 0.63. The lowest was 0.23. And the median was 0.49.

KHDHF's Cyclically Adjusted PB Ratio is ranked better than
83.74% of 123 companies
in the Industrial Distribution industry
Industry Median: 1.38 vs KHDHF: 0.50

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.

KHD Humboldt Wedag International AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was $2.073. 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 $3.13 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


KHD Humboldt Wedag International AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KHD Humboldt Wedag International 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.

KHD Humboldt Wedag International AG Cyclically Adjusted PB Ratio Chart

KHD Humboldt Wedag International 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 0.24 0.46 0.56 0.47 0.57

KHD Humboldt Wedag International AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.56 - 0.47 - 0.57

Competitive Comparison of KHD Humboldt Wedag International AG's Cyclically Adjusted PB Ratio

For the Industrial Distribution subindustry, KHD Humboldt Wedag International 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.


KHD Humboldt Wedag International AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, KHD Humboldt Wedag International AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where KHD Humboldt Wedag International AG's Cyclically Adjusted PB Ratio falls into.



KHD Humboldt Wedag International 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.

KHD Humboldt Wedag International AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.74/3.13
=0.56

* 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.

KHD Humboldt Wedag International AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, KHD Humboldt Wedag International AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=2.073/123.6675*123.6675
=2.073

Current CPI (Dec23) = 123.6675.

KHD Humboldt Wedag International AG Annual Data

Book Value per Share CPI Adj_Book
201412 5.415 99.543 6.727
201512 4.427 99.717 5.490
201612 3.626 101.217 4.430
201712 3.535 102.617 4.260
201812 2.788 104.217 3.308
201912 2.259 105.818 2.640
202012 2.170 105.518 2.543
202112 2.051 110.384 2.298
202212 1.959 119.345 2.030
202312 2.073 123.668 2.073

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.


KHD Humboldt Wedag International AG  (OTCPK:KHDHF) 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.


KHD Humboldt Wedag International AG Cyclically Adjusted PB Ratio Related Terms

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KHD Humboldt Wedag International AG (KHD Humboldt Wedag International AG) Business Description

Traded in Other Exchanges
Address
Von-der-Wettern-Straße 4a, Cologne, DEU, 51149
KHD Humboldt Wedag International AG is a Germany-based company engaged in equipment supplier and service provider for the cement industry. It operates in two business segments including the Capex segment and the Plant services segment, and the majority of revenue comes from the Capex. Its Geographic area of the company is India, Russia, North America, the Rest of Asia, Germany, China, and Others. India generates the majority of the revenue.

KHD Humboldt Wedag International AG (KHD Humboldt Wedag International AG) Headlines

From GuruFocus

Investment Analysis: KHD Humboldt Wedag International Ltd.

By guruek Above Average Odds 08-27-2010