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Ferguson Enterprises (CHIX:FERGL) Cyclically Adjusted PB Ratio : 7.81 (As of Sep. 21, 2024)


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What is Ferguson Enterprises Cyclically Adjusted PB Ratio?

As of today (2024-09-21), Ferguson Enterprises's current share price is £151.90. Ferguson Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2024 was £19.44. Ferguson Enterprises's Cyclically Adjusted PB Ratio for today is 7.81.

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

CHIX:FERGl' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.81   Med: 7.07   Max: 9.43
Current: 7.84

During the past years, Ferguson Enterprises's highest Cyclically Adjusted PB Ratio was 9.43. The lowest was 4.81. And the median was 7.07.

CHIX:FERGl's Cyclically Adjusted PB Ratio is ranked worse than
90.98% of 122 companies
in the Industrial Distribution industry
Industry Median: 1.295 vs CHIX:FERGl: 7.84

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.

Ferguson Enterprises's adjusted book value per share data for the three months ended in Jul. 2024 was £21.673. 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 £19.44 for the trailing ten years ended in Jul. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferguson Enterprises Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ferguson Enterprises'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.

Ferguson Enterprises Cyclically Adjusted PB Ratio Chart

Ferguson Enterprises Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.53 7.62 5.90 6.93 8.88

Ferguson Enterprises Quarterly Data
Jan19 Jul19 Jan20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 6.93 6.33 7.82 8.51 8.88

Competitive Comparison of Ferguson Enterprises's Cyclically Adjusted PB Ratio

For the Industrial Distribution subindustry, Ferguson Enterprises'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.


Ferguson Enterprises's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ferguson Enterprises's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ferguson Enterprises 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.

Ferguson Enterprises's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=151.90/19.44
=7.81

* 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.

Ferguson Enterprises's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2024 is calculated as:

For example, Ferguson Enterprises's adjusted Book Value per Share data for the three months ended in Jul. 2024 was:

Adj_Book=Book Value per Share/CPI of Jul. 2024 (Change)*Current CPI (Jul. 2024)
=21.673/132.7078*132.7078
=21.673

Current CPI (Jul. 2024) = 132.7078.

Ferguson Enterprises Quarterly Data

Book Value per Share CPI Adj_Book
200901 12.476 89.084 18.586
200907 13.845 90.859 20.222
201001 12.748 91.423 18.505
201007 12.573 91.981 18.140
201101 13.298 92.914 18.993
201107 13.726 95.319 19.110
201201 0.000 95.632 0.000
201207 12.567 96.661 17.253
201301 10.753 97.158 14.688
201307 12.189 98.557 16.413
201401 10.922 98.692 14.686
201407 11.324 100.520 14.950
201501 9.990 98.604 13.445
201507 10.610 100.691 13.984
201601 11.122 99.957 14.766
201607 12.209 101.524 15.959
201701 13.053 102.456 16.907
201707 14.561 103.278 18.710
201801 13.969 104.578 17.726
201807 13.303 106.324 16.604
201901 14.336 106.200 17.914
201907 15.178 108.250 18.607
202001 13.905 108.841 16.954
202007 15.296 109.318 18.569
202010 0.000 109.861 0.000
202101 14.634 110.364 17.597
202104 0.000 112.673 0.000
202107 16.293 115.183 18.772
202110 16.987 116.696 19.318
202201 16.278 118.619 18.211
202204 16.108 121.978 17.525
202207 18.431 125.002 19.567
202210 21.704 125.734 22.908
202301 18.689 126.223 19.649
202304 18.496 127.992 19.177
202307 19.160 128.974 19.715
202310 21.596 129.810 22.078
202401 21.004 130.124 21.421
202404 21.823 132.289 21.892
202407 21.673 132.708 21.673

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.


Ferguson Enterprises  (CHIX:FERGl) 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.


Ferguson Enterprises Cyclically Adjusted PB Ratio Related Terms

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


Ferguson Enterprises Business Description

Traded in Other Exchanges
Address
1020 Eskdale Road, Winnersh Triangle, Wokingham, Berkshire, GBR, RG41 5TS
Ferguson distributes plumbing and HVAC products primarily to repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 37,000 suppliers. Ferguson engages customers through approximately 1,700 North American branches, over the phone, online, and in residential showrooms. In fiscal 2023, Ferguson derived 95% of its nearly $30 billion of sales in the U.S. According to Modern Distribution Management, Ferguson is the largest industrial and construction distributor in North America. The firm sold its U.K. business in 2021 and is now solely focused on the North American market.

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