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Fertilizantes Heringer (BSP:FHER3) Cyclically Adjusted PB Ratio : 1.82 (As of Apr. 30, 2024)


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What is Fertilizantes Heringer Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Fertilizantes Heringer's current share price is R$4.97. Fertilizantes Heringer's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was R$2.73. Fertilizantes Heringer's Cyclically Adjusted PB Ratio for today is 1.82.

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

BSP:FHER3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 1.85   Max: 9.26
Current: 1.85

During the past years, Fertilizantes Heringer's highest Cyclically Adjusted PB Ratio was 9.26. The lowest was 0.21. And the median was 1.85.

BSP:FHER3's Cyclically Adjusted PB Ratio is ranked worse than
58.54% of 164 companies
in the Agriculture industry
Industry Median: 1.35 vs BSP:FHER3: 1.85

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.

Fertilizantes Heringer's adjusted book value per share data for the three months ended in Dec. 2023 was R$0.140. 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$2.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fertilizantes Heringer Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fertilizantes Heringer'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.

Fertilizantes Heringer Cyclically Adjusted PB Ratio Chart

Fertilizantes Heringer 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 0.55 0.55 4.07 4.34 2.71

Fertilizantes Heringer 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 4.34 4.67 4.29 2.35 2.71

Competitive Comparison of Fertilizantes Heringer's Cyclically Adjusted PB Ratio

For the Agricultural Inputs subindustry, Fertilizantes Heringer'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.


Fertilizantes Heringer's Cyclically Adjusted PB Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Fertilizantes Heringer's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Fertilizantes Heringer 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.

Fertilizantes Heringer's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.97/2.73
=1.82

* 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.

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

For example, Fertilizantes Heringer'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)
=0.14/156.2729*156.2729
=0.140

Current CPI (Dec. 2023) = 156.2729.

Fertilizantes Heringer Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.683 90.447 16.730
201406 9.629 91.838 16.385
201409 9.633 92.602 16.256
201412 9.185 94.194 15.238
201503 8.153 97.799 13.028
201506 7.460 100.006 11.657
201509 3.569 101.392 5.501
201512 4.568 104.247 6.848
201603 4.597 106.979 6.715
201606 3.979 108.851 5.713
201609 4.396 109.986 6.246
201612 5.370 110.802 7.574
201703 5.500 111.869 7.683
201706 3.651 112.115 5.089
201709 3.468 112.777 4.806
201712 3.038 114.068 4.162
201803 2.061 114.868 2.804
201806 -3.088 117.038 -4.123
201809 -5.267 117.881 -6.982
201812 -11.546 118.340 -15.247
201903 -13.246 120.124 -17.232
201906 -13.599 120.977 -17.567
201909 -16.123 121.292 -20.773
201912 0.583 123.436 0.738
202003 -3.223 124.092 -4.059
202006 -4.098 123.557 -5.183
202009 -3.807 125.095 -4.756
202012 -2.750 129.012 -3.331
202103 -2.889 131.660 -3.429
202106 -0.201 133.871 -0.235
202109 1.680 137.913 1.904
202112 9.638 141.992 10.607
202203 12.022 146.537 12.821
202206 10.264 149.784 10.709
202209 8.207 147.800 8.678
202212 6.843 150.207 7.119
202303 4.400 153.352 4.484
202306 1.887 154.519 1.908
202309 0.724 155.464 0.728
202312 0.140 156.273 0.140

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.


Fertilizantes Heringer  (BSP:FHER3) 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.


Fertilizantes Heringer Cyclically Adjusted PB Ratio Related Terms

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


Fertilizantes Heringer (BSP:FHER3) Business Description

Traded in Other Exchanges
N/A
Address
Avendia Idalino Carvalho, S/N, Bairro Areinha, Viana, ES, BRA, 29135000
Fertilizantes Heringer SA is engaged in the production, marketing, and distribution of fertilizers in Brazil. It offers basic fertilizers, NPK formulas, and special fertilizers. The company also offers various services such as soil analysis incentive programs, technical lectures for farmers, pre-and after-sales support, and specialized technical guidance. The company has two segments: The industrial segment, which comprises the sulfuric acid and single super phosphate plant located in Paranagua; and the Mixing segment, which comprises the company's 11 mixing units. The firm generates the majority of its revenues from the mixing segment.

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