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Coty (BSP:COTY34) Cyclically Adjusted PB Ratio : 1.80 (As of May. 01, 2024)


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What is Coty Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Coty's current share price is R$29.58. Coty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$16.42. Coty's Cyclically Adjusted PB Ratio for today is 1.80.

The historical rank and industry rank for Coty's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:COTY34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.47   Max: 1.95
Current: 1.72

During the past years, Coty's highest Cyclically Adjusted PB Ratio was 1.95. The lowest was 0.49. And the median was 1.47.

BSP:COTY34's Cyclically Adjusted PB Ratio is ranked worse than
60.71% of 1237 companies
in the Consumer Packaged Goods industry
Industry Median: 1.33 vs BSP:COTY34: 1.72

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Coty's adjusted book value per share data for the three months ended in Dec. 2023 was R$12.111. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$16.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coty Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Coty'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.

Coty Cyclically Adjusted PB Ratio Chart

Coty 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 - - 1.54 1.23 1.83

Coty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 1.31 1.81 1.83 1.62 1.85

Competitive Comparison of Coty's Cyclically Adjusted PB Ratio

For the Household & Personal Products subindustry, Coty'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.


Coty's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Coty's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Coty 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.

Coty's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.58/16.42
=1.80

* 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.

Coty's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Coty's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=12.111/129.4194*129.4194
=12.111

Current CPI (Dec. 2023) = 129.4194.

Coty Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.205 99.695 5.459
201406 2.666 100.560 3.431
201409 2.255 100.428 2.906
201412 2.434 99.070 3.180
201503 2.292 99.621 2.978
201506 4.182 100.684 5.376
201509 4.787 100.392 6.171
201512 2.337 99.792 3.031
201603 2.420 100.470 3.117
201606 1.829 101.688 2.328
201609 1.214 101.861 1.542
201612 21.985 101.863 27.933
201703 20.101 102.862 25.291
201706 20.521 103.349 25.698
201709 19.755 104.136 24.551
201712 20.718 104.011 25.779
201803 20.752 105.290 25.508
201806 22.227 106.317 27.057
201809 23.552 106.507 28.619
201812 19.658 105.998 24.002
201903 19.162 107.251 23.123
201906 11.725 108.070 14.041
201909 12.122 108.329 14.482
201912 12.067 108.420 14.404
202003 11.949 108.902 14.200
202006 10.188 108.767 12.122
202009 11.288 109.815 13.303
202012 10.333 109.897 12.169
202103 10.894 111.754 12.616
202106 9.390 114.631 10.601
202109 10.479 115.734 11.718
202112 11.703 117.630 12.876
202203 10.670 121.301 11.384
202206 9.566 125.017 9.903
202209 9.421 125.227 9.736
202212 10.864 125.222 11.228
202303 11.415 127.348 11.601
202306 10.845 128.729 10.903
202309 10.348 129.860 10.313
202312 12.111 129.419 12.111

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.


Coty  (BSP:COTY34) 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.


Coty Cyclically Adjusted PB Ratio Related Terms

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


Coty (BSP:COTY34) Business Description

Traded in Other Exchanges
Address
350 Fifth Avenue, New York, NY, USA, 10118
Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.

Coty (BSP:COTY34) Headlines

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