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Deutsche Lufthansa AG (BUD:LUFTHANSA) Cyclically Adjusted PB Ratio : 0.58 (As of Jan. 18, 2025)


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What is Deutsche Lufthansa AG Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Deutsche Lufthansa AG's current share price is Ft2388.00. Deutsche Lufthansa AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was Ft4,102.88. Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio for today is 0.58.

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

BUD:LUFTHANSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.73   Max: 1.86
Current: 0.57

During the past years, Deutsche Lufthansa AG's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.45. And the median was 0.73.

BUD:LUFTHANSA's Cyclically Adjusted PB Ratio is ranked better than
81.73% of 684 companies
in the Transportation industry
Industry Median: 1.31 vs BUD:LUFTHANSA: 0.57

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.

Deutsche Lufthansa AG's adjusted book value per share data for the three months ended in Sep. 2024 was Ft3,790.412. 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 Ft4,102.88 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Lufthansa AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deutsche Lufthansa AG'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.

Deutsche Lufthansa AG Cyclically Adjusted PB Ratio Chart

Deutsche Lufthansa AG 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 1.04 0.73 0.62 0.77 0.79

Deutsche Lufthansa AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.73 0.79 0.71 0.56 0.64

Competitive Comparison of Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Deutsche Lufthansa AG'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.


Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Deutsche Lufthansa AG 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.

Deutsche Lufthansa AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2388.00/4102.88
=0.58

* 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.

Deutsche Lufthansa AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Deutsche Lufthansa AG's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=3790.412/126.1978*126.1978
=3,790.412

Current CPI (Sep. 2024) = 126.1978.

Deutsche Lufthansa AG Quarterly Data

Book Value per Share CPI Adj_Book
201412 3,034.068 99.543 3,846.521
201503 1,683.178 99.717 2,130.171
201506 3,974.047 100.417 4,994.348
201509 4,235.576 100.417 5,323.023
201512 3,881.527 99.717 4,912.323
201603 3,262.848 100.017 4,116.955
201606 2,467.571 100.717 3,091.858
201609 3,275.641 101.017 4,092.178
201612 4,251.921 101.217 5,301.319
201703 4,398.110 101.417 5,472.774
201706 4,960.551 102.117 6,130.327
201709 6,148.294 102.717 7,553.768
201712 6,490.907 102.617 7,982.473
201803 6,356.044 102.917 7,793.826
201806 6,883.998 104.017 8,351.932
201809 7,990.752 104.718 9,629.864
201812 6,501.227 104.217 7,872.395
201903 6,577.246 104.217 7,964.447
201906 6,147.663 105.718 7,338.622
201909 5,871.652 106.018 6,989.301
201912 6,766.012 105.818 8,069.129
202003 4,911.032 105.718 5,862.424
202006 3,167.296 106.618 3,748.959
202009 1,929.712 105.818 2,301.370
202012 786.726 105.518 940.915
202103 1,152.229 107.518 1,352.414
202106 1,800.647 108.486 2,094.631
202109 2,068.929 109.435 2,385.846
202112 1,691.255 110.384 1,933.556
202203 1,988.470 113.968 2,201.849
202206 2,796.049 115.760 3,048.151
202209 3,034.150 118.818 3,222.607
202212 2,994.733 119.345 3,166.693
202303 2,696.568 122.402 2,780.182
202306 2,930.588 123.140 3,003.350
202309 3,735.396 124.195 3,795.646
202312 3,539.524 123.773 3,608.869
202403 3,480.865 125.038 3,513.149
202406 3,492.357 125.882 3,501.132
202409 3,790.412 126.198 3,790.412

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.


Deutsche Lufthansa AG  (BUD:LUFTHANSA) 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.


Deutsche Lufthansa AG Cyclically Adjusted PB Ratio Related Terms

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Deutsche Lufthansa AG Business Description

Address
Venloer Street 151-153, Cologne, NW, DEU, 50672
Lufthansa AG is a European airline group. The company's segments include passenger airlines, logistics, and MRO. The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

Deutsche Lufthansa AG Headlines

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