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Zoetis (BSP:Z1TS34) Cyclically Adjusted PB Ratio : 21.76 (As of Jun. 04, 2025)


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What is Zoetis Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Zoetis's current share price is R$60.06. Zoetis's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$2.76. Zoetis's Cyclically Adjusted PB Ratio for today is 21.76.

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

BSP:Z1TS34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 19.13   Med: 29.84   Max: 47
Current: 22.07

During the past years, Zoetis's highest Cyclically Adjusted PB Ratio was 47.00. The lowest was 19.13. And the median was 29.84.

BSP:Z1TS34's Cyclically Adjusted PB Ratio is ranked worse than
97.99% of 696 companies
in the Drug Manufacturers industry
Industry Median: 1.975 vs BSP:Z1TS34: 22.07

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.

Zoetis's adjusted book value per share data for the three months ended in Mar. 2025 was R$3.756. 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$2.76 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zoetis Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Zoetis'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.

Zoetis Cyclically Adjusted PB Ratio Chart

Zoetis Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.18 46.55 26.56 30.21 21.73

Zoetis Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 24.68 24.46 26.72 21.73 21.18

Competitive Comparison of Zoetis's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Zoetis'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.


Zoetis's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

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

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


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Zoetis 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.06/2.76
=21.76

* 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.

Zoetis's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Zoetis's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.756/134.9266*134.9266
=3.756

Current CPI (Mar. 2025) = 134.9266.

Zoetis Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.458 100.684 0.614
201509 0.602 100.392 0.809
201512 0.521 99.792 0.704
201603 0.542 100.470 0.728
201606 0.586 101.688 0.778
201609 0.652 101.861 0.864
201612 0.632 101.863 0.837
201703 0.640 102.862 0.840
201706 0.721 103.349 0.941
201709 0.798 104.136 1.034
201712 0.750 104.011 0.973
201803 0.829 105.290 1.062
201806 0.963 106.317 1.222
201809 1.131 106.507 1.433
201812 1.106 105.998 1.408
201903 1.161 107.251 1.461
201906 1.216 108.070 1.518
201909 1.446 108.329 1.801
201912 1.461 108.420 1.818
202003 1.770 108.902 2.193
202006 2.036 108.767 2.526
202009 2.558 109.815 3.143
202012 2.550 109.897 3.131
202103 3.032 111.754 3.661
202106 2.883 114.631 3.393
202109 3.261 115.734 3.802
202112 3.398 117.630 3.898
202203 3.075 121.301 3.420
202206 3.083 125.017 3.327
202209 3.276 125.227 3.530
202212 3.114 125.222 3.355
202303 3.163 127.348 3.351
202306 3.045 128.729 3.192
202309 3.411 129.860 3.544
202312 3.339 129.419 3.481
202403 3.445 131.776 3.527
202406 3.684 132.554 3.750
202409 4.012 133.029 4.069
202412 4.056 133.157 4.110
202503 3.756 134.927 3.756

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.


Zoetis  (BSP:Z1TS34) 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.


Zoetis Cyclically Adjusted PB Ratio Related Terms

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


Zoetis Business Description

Address
10 Sylvan Way, Parsippany, NJ, USA, 07054
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on), and nearly 65% from companion animal (dogs, horses, cats) products. Its us business is skewed even more heavily toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.

Zoetis Headlines

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