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Bematech (BSP:BEMA3) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


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What is Bematech Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bematech Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bematech'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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Bematech Cyclically Adjusted PB Ratio Chart

Bematech Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Bematech Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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Competitive Comparison of Bematech's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Bematech'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.


Bematech's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

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

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



Bematech 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.

Bematech's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec14 is calculated as:

For example, Bematech's adjusted Book Value per Share data for the fiscal year that ended in Dec14 was:

Adj_Book=Book Value per Share/CPI of Dec14 (Change)*Current CPI (Dec14)
=8.717/94.1937*94.1937
=8.717

Current CPI (Dec14) = 94.1937.

Bematech Annual Data

Book Value per Share CPI Adj_Book
200512 16.652 58.824 26.664
200612 28.417 60.672 44.117
200712 6.358 63.377 9.450
200812 6.830 67.118 9.585
200912 7.149 70.012 9.618
201012 7.773 74.149 9.874
201112 6.658 78.971 7.941
201212 7.266 83.581 8.189
201312 7.860 88.522 8.364
201412 8.717 94.194 8.717

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.


Bematech  (BSP:BEMA3) 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.


Bematech Cyclically Adjusted PB Ratio Related Terms

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Bematech (BSP:BEMA3) Business Description

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Bematech SA was formed on October 1, 1990. It is a Brazilian multinational that provides complete technological solutions for the retail, food service and hospitality industries. It is engaged in manufacture, sale, intermediation of sales, import, export, design, development, representation, distribution and rental of electric, electronic and electromechanical equipment and related parts and components; the development, representation, distribution and rental of software; licensing and assignment of rights to use software programs; sale of supplies for IT equipment; the rendering of technical assistance services, support, training and information technology projects; the franchising of products and services, as well as the investment in other companies as stockholder or quotaholder. The Company's operating segments are subdivided into Hardware, Software and Services.

Bematech (BSP:BEMA3) Headlines

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