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AGC (ASGLF) Cyclically Adjusted PB Ratio : 0.95 (As of May. 01, 2024)


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What is AGC Cyclically Adjusted PB Ratio?

As of today (2024-05-01), AGC's current share price is $36.60. AGC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $38.61. AGC's Cyclically Adjusted PB Ratio for today is 0.95.

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

ASGLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.93   Max: 1.24
Current: 1.02

During the past years, AGC's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.51. And the median was 0.93.

ASGLF's Cyclically Adjusted PB Ratio is ranked better than
69.22% of 1056 companies
in the Chemicals industry
Industry Median: 1.6 vs ASGLF: 1.02

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.

AGC's adjusted book value per share data for the three months ended in Dec. 2023 was $47.368. 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 $38.61 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AGC'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.

AGC Cyclically Adjusted PB Ratio Chart

AGC 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 0.86 0.77 1.12 0.82 0.93

AGC 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 0.82 0.91 0.94 0.94 0.93

Competitive Comparison of AGC's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, AGC'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.


AGC's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AGC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AGC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.60/38.61
=0.95

* 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.

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

For example, AGC'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)
=47.368/106.8000*106.8000
=47.368

Current CPI (Dec. 2023) = 106.8000.

AGC Quarterly Data

Book Value per Share CPI Adj_Book
201403 43.688 95.700 48.755
201406 44.383 98.000 48.368
201409 43.590 98.500 47.263
201412 40.354 97.900 44.023
201503 40.237 97.900 43.895
201506 41.101 98.400 44.610
201509 38.850 98.500 42.124
201512 38.907 98.100 42.357
201603 39.395 97.900 42.976
201606 39.824 98.100 43.356
201609 41.709 98.000 45.454
201612 40.833 98.400 44.319
201703 41.666 98.100 45.361
201706 43.384 98.500 47.040
201709 44.847 98.800 48.478
201712 46.393 99.400 49.847
201803 47.891 99.200 51.560
201806 47.242 99.200 50.861
201809 47.267 99.900 50.532
201812 45.824 99.700 49.087
201903 46.909 99.700 50.250
201906 47.673 99.800 51.017
201909 46.603 100.100 49.722
201912 47.933 100.500 50.938
202003 45.047 100.300 47.966
202006 45.938 99.900 49.111
202009 45.852 99.900 49.019
202012 48.543 99.300 52.209
202103 49.451 99.900 52.867
202106 50.805 99.500 54.532
202109 52.778 100.100 56.311
202112 52.096 100.100 55.583
202203 52.539 101.100 55.501
202206 51.013 101.800 53.519
202209 48.095 103.100 49.821
202212 46.484 104.100 47.690
202303 47.402 104.400 48.492
202306 48.316 105.200 49.051
202309 46.779 106.200 47.043
202312 47.368 106.800 47.368

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.


AGC  (OTCPK:ASGLF) 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.


AGC Cyclically Adjusted PB Ratio Related Terms

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


AGC (ASGLF) Business Description

Industry
Traded in Other Exchanges
Address
1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405
AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

AGC (ASGLF) Headlines

From GuruFocus

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