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Arcelik AS (Arcelik AS) Cyclically Adjusted PB Ratio : 6.20 (As of Apr. 29, 2024)


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What is Arcelik AS Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Arcelik AS's current share price is $23.42. Arcelik AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $3.78. Arcelik AS's Cyclically Adjusted PB Ratio for today is 6.20.

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

ACKAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.64   Med: 3.16   Max: 8.55
Current: 7.54

During the past years, Arcelik AS's highest Cyclically Adjusted PB Ratio was 8.55. The lowest was 1.64. And the median was 3.16.

ACKAY's Cyclically Adjusted PB Ratio is ranked worse than
92.04% of 289 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.38 vs ACKAY: 7.54

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.

Arcelik AS's adjusted book value per share data for the three months ended in Dec. 2023 was $15.066. 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 $3.78 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arcelik AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Arcelik AS'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.

Arcelik AS Cyclically Adjusted PB Ratio Chart

Arcelik AS 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 2.59 3.26 4.10 6.71 5.76

Arcelik AS 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 6.71 6.59 6.82 7.99 5.76

Competitive Comparison of Arcelik AS's Cyclically Adjusted PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS'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.


Arcelik AS's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Arcelik AS 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.

Arcelik AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.42/3.78
=6.20

* 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.

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

For example, Arcelik AS'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)
=15.066/129.4194*129.4194
=15.066

Current CPI (Dec. 2023) = 129.4194.

Arcelik AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 12.974 99.695 16.842
201406 14.312 100.560 18.419
201409 14.204 100.428 18.304
201412 14.044 99.070 18.346
201503 12.135 99.621 15.765
201506 11.823 100.684 15.197
201509 11.622 100.392 14.982
201512 11.800 99.792 15.303
201603 11.723 100.470 15.101
201606 12.334 101.688 15.698
201609 13.140 101.861 16.695
201612 12.650 101.863 16.072
201703 12.142 102.862 15.277
201706 13.019 103.349 16.303
201709 13.874 104.136 17.243
201712 13.248 104.011 16.484
201803 12.822 105.290 15.761
201806 11.468 106.317 13.960
201809 10.451 106.507 12.699
201812 11.389 105.998 13.906
201903 11.866 107.251 14.319
201906 11.508 108.070 13.781
201909 11.673 108.329 13.946
201912 12.212 108.420 14.577
202003 11.476 108.902 13.638
202006 11.637 108.767 13.847
202009 12.472 109.815 14.699
202012 13.260 109.897 15.616
202103 13.741 111.754 15.913
202106 13.103 114.631 14.793
202109 12.825 115.734 14.342
202112 10.579 117.630 11.639
202203 11.376 121.301 12.137
202206 10.607 125.017 10.981
202209 10.199 125.227 10.540
202212 22.850 125.222 23.616
202303 10.124 127.348 10.289
202306 10.630 128.729 10.687
202309 10.052 129.860 10.018
202312 15.066 129.419 15.066

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.


Arcelik AS  (OTCPK:ACKAY) 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.


Arcelik AS Cyclically Adjusted PB Ratio Related Terms

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


Arcelik AS (Arcelik AS) Business Description

Traded in Other Exchanges
Address
Karaagac Caddesi No 2-6, Sutluce, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. The company generates most of its revenue from white products. The company has factories in a number of countries, such as Turkey, Romania, Russia, China, South Africa, and Thailand. It has a worldwide business presence, including Turkey, Europe, Africa, and the Middle East, with Turkey and Western Europe as the largest markets.