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Acrow (ASX:ACF) Cyclically Adjusted PB Ratio : (As of Jun. 16, 2024)


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What is Acrow Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Acrow Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Acrow'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.

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Acrow Cyclically Adjusted PB Ratio Chart

Acrow Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.03 - -

Acrow 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 - - - - -

Competitive Comparison of Acrow's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Acrow'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.


Acrow's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Acrow's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Acrow 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.

Acrow's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Acrow's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.386/124.1700*124.1700
=0.386

Current CPI (Jun23) = 124.1700.

Acrow Annual Data

Book Value per Share CPI Adj_Book
201406 -10.233 98.352 -12.919
201506 -13.343 99.838 -16.595
201606 0.066 100.859 0.081
201706 0.030 102.809 0.036
201806 0.240 104.945 0.284
201906 0.272 106.617 0.317
202006 0.270 106.246 0.316
202106 0.280 110.332 0.315
202206 0.327 117.112 0.347
202306 0.386 124.170 0.386

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.


Acrow  (ASX:ACF) 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.


Acrow Cyclically Adjusted PB Ratio Related Terms

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


Acrow (ASX:ACF) Business Description

Industry
Traded in Other Exchanges
Address
c/- Automic Group, Level 5, 126 Phillip Street, Sydney, NSW, AUS, 2000
Acrow Ltd operates in the Australian construction services industry. It is a provider of smart integrated construction systems across formwork and scaffolding solutions to residential, commercial, civil and industrial customers. Its business activities are building construction market, providing falsework, formwork, scaffolding, screens and related material for hire and sales.

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