EL (ASX:EIM) Cyclically Adjusted PB Ratio: (As of Jul. 21, 2026)

EL  (ASX:EIM) 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.

EL Cyclically Adjusted PB Ratio Related Terms

The historical data trend for EL'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.

EL Cyclically Adjusted PB Ratio Chart

EL Annual Data
	Trend	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Cyclically Adjusted PB Ratio		Get a 7-Day Free Trial					0.00	0.00	0.00	0.00	0.00

EL Semi-Annual Data
	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

EL Cyclically Adjusted PB Ratio Competitor Comparison

For the subindustry, EL'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.

EL Cyclically Adjusted PB Ratio vs Industry

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

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

EL 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.

EL's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec13 is calculated as:

For example, EL's adjusted Book Value per Share data for the fiscal year that ended in Dec13 was:

Current CPI (Dec13) = .

EL Annual Data

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.

EL Business Description