GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Billerud AB (CHIX:BILLs) » Definitions » Cyclically Adjusted PB Ratio

Billerud AB (CHIX:BILLS) Cyclically Adjusted PB Ratio : 1.05 (As of May. 20, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Billerud AB Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Billerud AB's current share price is kr93.72. Billerud AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr89.17. Billerud AB's Cyclically Adjusted PB Ratio for today is 1.05.

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

CHIX:BILLs' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 2.21   Max: 3.6
Current: 1.09

During the past years, Billerud AB's highest Cyclically Adjusted PB Ratio was 3.60. The lowest was 0.96. And the median was 2.21.

CHIX:BILLs's Cyclically Adjusted PB Ratio is ranked worse than
59.63% of 218 companies
in the Forest Products industry
Industry Median: 0.89 vs CHIX:BILLs: 1.09

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.

Billerud AB's adjusted book value per share data for the three months ended in Mar. 2024 was kr110.617. 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 kr89.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Billerud AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Billerud AB'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.

Billerud AB Cyclically Adjusted PB Ratio Chart

Billerud AB 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 1.93 2.30 2.40 1.57 1.14

Billerud AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.29 0.96 1.16 1.14 1.05

Competitive Comparison of Billerud AB's Cyclically Adjusted PB Ratio

For the Paper & Paper Products subindustry, Billerud AB'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.


Billerud AB's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Billerud AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Billerud AB 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.

Billerud AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=93.72/89.17
=1.05

* 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.

Billerud AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Billerud AB's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=110.617/132.2054*132.2054
=110.617

Current CPI (Mar. 2024) = 132.2054.

Billerud AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 45.127 100.432 59.404
201409 46.262 100.161 61.063
201412 47.820 100.225 63.079
201503 50.077 99.950 66.237
201506 48.944 99.995 64.710
201509 52.068 100.228 68.680
201512 55.156 100.276 72.719
201603 57.402 100.751 75.323
201606 55.025 101.019 72.012
201609 57.292 101.138 74.891
201612 58.574 102.022 75.904
201703 60.363 102.022 78.222
201706 58.213 102.752 74.899
201709 60.696 103.279 77.696
201712 62.168 103.793 79.186
201803 64.427 103.962 81.930
201806 60.416 104.875 76.161
201809 62.684 105.679 78.418
201812 64.697 105.912 80.759
201903 65.693 105.886 82.022
201906 61.538 106.742 76.218
201909 86.937 107.214 107.202
201912 87.675 107.766 107.558
202003 86.274 106.563 107.034
202006 85.032 107.498 104.576
202009 85.478 107.635 104.990
202012 86.901 108.296 106.087
202103 88.369 108.360 107.816
202106 86.110 108.928 104.512
202109 88.776 110.338 106.370
202112 90.248 112.486 106.069
202203 96.589 114.825 111.209
202206 109.284 118.384 122.043
202209 120.165 122.296 129.902
202212 117.793 126.365 123.237
202303 117.286 127.042 122.053
202306 109.394 129.407 111.760
202309 111.647 130.224 113.346
202312 108.408 131.912 108.649
202403 110.617 132.205 110.617

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.


Billerud AB  (CHIX:BILLs) 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.


Billerud AB Cyclically Adjusted PB Ratio Related Terms

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


Billerud AB (CHIX:BILLS) Business Description

Address
Evenemangsgatan 17, Solna, P.O. Box 703, Stockholm, SWE, SE-169 27
Billerud AB produces a variety of packaging, paper, and board products. Billerud organizes itself into three segments: Board product area, Paper product area and Solutions and Other.

Billerud AB (CHIX:BILLS) Headlines

No Headlines