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Swisscom AG (Swisscom AG) Cyclically Adjusted PB Ratio : 2.85 (As of Apr. 28, 2024)


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What is Swisscom AG Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Swisscom AG's current share price is $55.252. Swisscom AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $19.36. Swisscom AG's Cyclically Adjusted PB Ratio for today is 2.85.

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

SCMWY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.06   Med: 4.3   Max: 5.77
Current: 3.1

During the past years, Swisscom AG's highest Cyclically Adjusted PB Ratio was 5.77. The lowest was 3.06. And the median was 4.30.

SCMWY's Cyclically Adjusted PB Ratio is ranked worse than
79.64% of 275 companies
in the Telecommunication Services industry
Industry Median: 1.43 vs SCMWY: 3.10

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.

Swisscom AG's adjusted book value per share data for the three months ended in Dec. 2023 was $25.936. 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 $19.36 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swisscom AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Swisscom 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.

Swisscom AG Cyclically Adjusted PB Ratio Chart

Swisscom 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 4.43 3.95 3.87 3.40 3.11

Swisscom 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 3.40 3.78 3.54 3.39 3.11

Competitive Comparison of Swisscom AG's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Swisscom 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.


Swisscom AG's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

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

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



Swisscom 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=55.252/19.36
=2.85

* 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.

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

For example, Swisscom 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)
=25.936/106.4611*106.4611
=25.936

Current CPI (Dec. 2023) = 106.4611.

Swisscom AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.335 101.224 14.025
201406 11.370 101.517 11.924
201409 10.919 101.247 11.481
201412 10.853 100.704 11.473
201503 10.235 100.339 10.860
201506 10.190 100.464 10.798
201509 9.858 99.785 10.518
201512 10.159 99.386 10.882
201603 9.669 99.475 10.348
201606 8.477 100.088 9.017
201609 9.019 99.604 9.640
201612 12.336 99.380 13.215
201703 13.291 100.040 14.144
201706 13.037 100.285 13.840
201709 14.356 100.254 15.245
201712 14.974 100.213 15.908
201803 17.125 100.836 18.080
201806 15.011 101.435 15.755
201809 16.605 101.246 17.460
201812 16.004 100.906 16.885
201903 16.183 101.571 16.962
201906 15.412 102.044 16.079
201909 15.565 101.396 16.343
201912 17.430 101.063 18.361
202003 18.220 101.048 19.196
202006 16.719 100.743 17.668
202009 18.188 100.585 19.251
202012 20.621 100.241 21.901
202103 21.719 100.800 22.939
202106 21.388 101.352 22.466
202109 22.045 101.533 23.115
202112 22.660 101.776 23.703
202203 23.386 103.205 24.124
202206 20.729 104.783 21.061
202209 21.346 104.835 21.677
202212 23.142 104.666 23.539
202303 24.387 106.245 24.437
202306 23.421 106.576 23.396
202309 24.356 106.570 24.331
202312 25.936 106.461 25.936

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.


Swisscom AG  (OTCPK:SCMWY) 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.


Swisscom AG Cyclically Adjusted PB Ratio Related Terms

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


Swisscom AG (Swisscom AG) Business Description

Address
Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, CH-3050
Swisscom is the incumbent telecom operator in Switzerland, with a high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. It also owns Fastweb in Italy, which has a broadband network and operates as a wireless reseller.

Swisscom AG (Swisscom AG) Headlines

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