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Bioton (Bioton) Cyclically Adjusted PB Ratio : (As of Jun. 23, 2024)


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What is Bioton 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


Bioton Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bioton'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.

Bioton Cyclically Adjusted PB Ratio Chart

Bioton 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 0.25 0.31 0.32 0.25 0.28

Bioton Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.25 0.27 0.29 0.28 0.28

Competitive Comparison of Bioton's Cyclically Adjusted PB Ratio

For the Biotechnology subindustry, Bioton'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.


Bioton's Cyclically Adjusted PB Ratio Distribution in the Biotechnology Industry

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

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



Bioton 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.

Bioton's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bioton's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.73/149.0435*149.0435
=1.730

Current CPI (Mar. 2024) = 149.0435.

Bioton Quarterly Data

Book Value per Share CPI Adj_Book
201406 3.756 101.180 5.533
201409 3.823 100.611 5.663
201412 3.915 100.122 5.828
201503 3.961 100.041 5.901
201506 3.956 100.448 5.870
201509 3.992 99.634 5.972
201512 2.369 99.471 3.550
201603 2.344 98.983 3.529
201606 2.439 99.552 3.652
201609 2.405 99.064 3.618
201612 2.288 100.366 3.398
201703 2.337 101.018 3.448
201706 2.280 101.180 3.359
201709 2.270 101.343 3.338
201712 2.130 102.564 3.095
201803 2.267 102.564 3.294
201806 2.354 103.378 3.394
201809 2.348 103.378 3.385
201812 2.051 103.785 2.945
201903 2.117 104.274 3.026
201906 1.803 105.983 2.536
201909 1.787 105.983 2.513
201912 1.684 107.123 2.343
202003 1.691 109.076 2.311
202006 1.722 109.402 2.346
202009 1.729 109.320 2.357
202012 1.783 109.565 2.425
202103 1.768 112.658 2.339
202106 1.779 113.960 2.327
202109 1.792 115.588 2.311
202112 1.739 119.088 2.176
202203 1.782 125.031 2.124
202206 1.760 131.705 1.992
202209 1.754 135.531 1.929
202212 1.738 139.113 1.862
202303 1.743 145.950 1.780
202306 1.748 147.009 1.772
202309 1.735 146.113 1.770
202312 1.744 147.741 1.759
202403 1.730 149.044 1.730

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.


Bioton  (OTCPK:BOIOF) 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.


Bioton Cyclically Adjusted PB Ratio Related Terms

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


Bioton (Bioton) Business Description

Industry
Traded in Other Exchanges
Address
Ul. Staro?ci?ska 5, Warszawa, POL, 02-516
Bioton SA is a Poland based company engaged in the principal business activity of manufacturing medicines and pharmaceutical preparations and production of pharmaceutical substances. The products of the company include recombinant human insulin in pharmaceutical substance form and as preparations for injections; glimepiride, an oral hypoglycemic drug; and metformin, an oral hypoglycemic drug. Its products line focuses on diet supplements, products for particular nutritional uses and cosmetics dedicated to patients with certain health problems. The group operates in Poland and internationally, of which majority of the revenue is derived from Poland.

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