GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Koninklijke KPN NV (OTCPK:KKPNY) » Definitions » Cyclically Adjusted PB Ratio

Koninklijke KPN NV (Koninklijke KPN NV) Cyclically Adjusted PB Ratio : 3.48 (As of Apr. 27, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Koninklijke KPN NV Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Koninklijke KPN NV's current share price is $3.65. Koninklijke KPN NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $1.05. Koninklijke KPN NV's Cyclically Adjusted PB Ratio for today is 3.48.

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

KKPNY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 2.5   Max: 3.81
Current: 3.55

During the past 13 years, Koninklijke KPN NV's highest Cyclically Adjusted PB Ratio was 3.81. The lowest was 1.01. And the median was 2.50.

KKPNY's Cyclically Adjusted PB Ratio is ranked worse than
82.91% of 275 companies
in the Telecommunication Services industry
Industry Median: 1.43 vs KKPNY: 3.55

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.

Koninklijke KPN NV's adjusted book value per share data of for the fiscal year that ended in Dec23 was $0.984. 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 $1.05 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koninklijke KPN NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Koninklijke KPN NV'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.

Koninklijke KPN NV Cyclically Adjusted PB Ratio Chart

Koninklijke KPN NV 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 2.67 2.77 2.99 2.83 3.23

Koninklijke KPN NV 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 2.99 - 2.83 - 3.23

Competitive Comparison of Koninklijke KPN NV's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Koninklijke KPN NV'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.


Koninklijke KPN NV's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

* The bar in red indicates where Koninklijke KPN NV's Cyclically Adjusted PB Ratio falls into.



Koninklijke KPN NV 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.

Koninklijke KPN NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.65/1.05
=3.48

* 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.

Koninklijke KPN NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Koninklijke KPN NV'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)
=0.984/126.4000*126.4000
=0.984

Current CPI (Dec23) = 126.4000.

Koninklijke KPN NV Annual Data

Book Value per Share CPI Adj_Book
201412 1.320 99.050 1.684
201512 1.271 99.730 1.611
201612 0.943 100.710 1.184
201712 0.962 101.970 1.192
201812 0.508 103.970 0.618
201912 0.663 106.800 0.785
202012 0.759 107.850 0.890
202112 0.883 114.010 0.979
202212 0.959 124.940 0.970
202312 0.984 126.400 0.984

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.


Koninklijke KPN NV  (OTCPK:KKPNY) 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.


Koninklijke KPN NV Cyclically Adjusted PB Ratio Related Terms

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


Koninklijke KPN NV (Koninklijke KPN NV) Business Description

Address
Wilhelminakade 123, Rotterdam, NLD, 3072 AP
KPN is the incumbent telecom operator in the Netherlands. It has close to 40% share of the broadband market and 20% of the postpaid mobile market, mainly competing with VodafoneZiggo (mobile and fixed) and T-Mobile Netherlands (mainly mobile). KPN is rolling out fiber to the home in the Netherlands and expects to have most of the country covered by 2025.

Koninklijke KPN NV (Koninklijke KPN NV) Headlines

From GuruFocus

Koninklijke KPN N.V. Announces Results of its Debt Tender Offer

By PRNewswire PRNewswire 11-13-2019

A Dissenting Review of 'The Outsiders' by Thorndike

By Chandan Dubey Chandan Dubey 05-23-2013

Better Know a Company - KPN

By cdubey Chandan Dubey 04-19-2013