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Moog (MOG.B) Cyclically Adjusted PB Ratio : 3.55 (As of Apr. 28, 2024)


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What is Moog Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Moog's current share price is $155.07. Moog's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $43.72. Moog's Cyclically Adjusted PB Ratio for today is 3.55.

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

MOG.B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21   Med: 2.45   Max: 3.86
Current: 3.86

During the past years, Moog's highest Cyclically Adjusted PB Ratio was 3.86. The lowest was 1.21. And the median was 2.45.

MOG.B's Cyclically Adjusted PB Ratio is ranked worse than
72.14% of 201 companies
in the Aerospace & Defense industry
Industry Median: 2.47 vs MOG.B: 3.86

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.

Moog's adjusted book value per share data for the three months ended in Dec. 2023 was $53.509. 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 $43.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moog Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Moog'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.

Moog Cyclically Adjusted PB Ratio Chart

Moog 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 2.46 1.85 2.05 1.71 2.59

Moog 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 2.12 2.38 2.52 2.59 3.32

Competitive Comparison of Moog's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, Moog'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.


Moog's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Moog's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Moog 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.

Moog's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=155.07/43.72
=3.55

* 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.

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

For example, Moog'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)
=53.509/129.4194*129.4194
=53.509

Current CPI (Dec. 2023) = 129.4194.

Moog Quarterly Data

Book Value per Share CPI Adj_Book
201403 35.360 99.695 45.903
201406 35.308 100.560 45.441
201409 32.512 100.428 41.898
201412 30.892 99.070 40.356
201503 29.592 99.621 38.443
201506 29.527 100.684 37.954
201509 27.092 100.392 34.926
201512 27.309 99.792 35.417
201603 28.505 100.470 36.718
201606 28.701 101.688 36.528
201609 27.559 101.861 35.015
201612 27.344 101.863 34.741
201703 28.841 102.862 36.287
201706 30.930 103.349 38.732
201709 33.935 104.136 42.174
201712 34.324 104.011 42.709
201803 35.113 105.290 43.160
201806 35.301 106.317 42.972
201809 35.203 106.507 42.776
201812 36.554 105.998 44.631
201903 37.662 107.251 45.447
201906 38.832 108.070 46.504
201909 38.117 108.329 45.538
201912 39.216 108.420 46.812
202003 38.236 108.902 45.440
202006 36.042 108.767 42.885
202009 38.646 109.815 45.545
202012 40.091 109.897 47.213
202103 41.645 111.754 48.228
202106 42.638 114.631 48.139
202109 41.250 115.734 46.128
202112 42.144 117.630 46.368
202203 44.799 121.301 47.797
202206 42.347 125.017 43.838
202209 45.209 125.227 46.723
202212 48.011 125.222 49.620
202303 49.598 127.348 50.405
202306 50.934 128.729 51.207
202309 51.318 129.860 51.144
202312 53.509 129.419 53.509

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.


Moog  (NYSE:MOG.B) 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.


Moog Cyclically Adjusted PB Ratio Related Terms

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


Moog (MOG.B) Business Description

Traded in Other Exchanges
Address
400 Jamison Road, East Aurora, New York, NY, USA, 14052-0018
Moog Inc is a manufacturer of precision motion and fluid controls systems for the aerospace and defense markets. It has a diversified product range and operates in three segments: Aircraft Controls, Space and Defense Controls, and Industrial Systems. The company has a wide sales and marketing reach with sales staff being the main contact with customers. Additionally, it will use manufacturers' representatives and distributors to market in certain segments. Sales under United States government contracts represent approximately one third of total revenue. Although over half of total sales originate in the United States, the company serves many European and Asian nations.