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Symbion Health (ASX:SY1) Cyclically Adjusted PB Ratio : (As of Sep. 23, 2024)


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What is Symbion Health Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Symbion Health Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Symbion Health'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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Symbion Health Cyclically Adjusted PB Ratio Chart

Symbion Health Annual Data
Trend Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07
Cyclically Adjusted PB Ratio
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Symbion Health Semi-Annual Data
Jun95 Jun96 Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07
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Competitive Comparison of Symbion Health's Cyclically Adjusted PB Ratio

For the Healthcare Plans subindustry, Symbion Health'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.


Symbion Health's Cyclically Adjusted PB Ratio Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Symbion Health's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Symbion Health 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.

Symbion Health's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun07 is calculated as:

For example, Symbion Health's adjusted Book Value per Share data for the fiscal year that ended in Jun07 was:

Adj_Book=Book Value per Share/CPI of Jun07 (Change)*Current CPI (Jun07)
=1.351/81.4488*81.4488
=1.351

Current CPI (Jun07) = 81.4488.

Symbion Health Annual Data

Book Value per Share CPI Adj_Book
199806 3.794 62.596 4.937
199906 3.185 63.246 4.102
200006 2.498 65.196 3.121
200106 3.147 69.190 3.705
200206 4.464 71.140 5.111
200306 3.818 72.997 4.260
200406 3.932 74.855 4.278
200506 3.950 76.712 4.194
200606 1.268 79.777 1.295
200706 1.351 81.449 1.351

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.


Symbion Health  (ASX:SY1) 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.


Symbion Health Cyclically Adjusted PB Ratio Related Terms

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Symbion Health Business Description

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Symbion Group Limited (SYB, formerly Mayne Group Limited) is a healthcare-focused company comprised of 5 divisions: Pathology; Medical Centres; Imaging; Pharmacy Services; and Symbion Consumer.

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