GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Draegerwerk AG & Co KGaA (OTCPK:DRWKF) » Definitions » Cyclically Adjusted PB Ratio

DRWKF (Draegerwerk AG KGaA) Cyclically Adjusted PB Ratio : 0.83 (As of May. 30, 2025)


View and export this data going back to 2011. Start your Free Trial

What is Draegerwerk AG KGaA Cyclically Adjusted PB Ratio?

As of today (2025-05-30), Draegerwerk AG KGaA's current share price is $67.276. Draegerwerk AG KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $81.15. Draegerwerk AG KGaA's Cyclically Adjusted PB Ratio for today is 0.83.

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

DRWKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.77   Max: 1.44
Current: 0.74

During the past years, Draegerwerk AG KGaA's highest Cyclically Adjusted PB Ratio was 1.44. The lowest was 0.55. And the median was 0.77.

DRWKF's Cyclically Adjusted PB Ratio is ranked better than
77.62% of 496 companies
in the Medical Devices & Instruments industry
Industry Median: 1.82 vs DRWKF: 0.74

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.

Draegerwerk AG KGaA's adjusted book value per share data for the three months ended in Dec. 2024 was $85.687. 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 $81.15 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Draegerwerk AG KGaA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Draegerwerk AG KGaA'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.

Draegerwerk AG KGaA Cyclically Adjusted PB Ratio Chart

Draegerwerk AG KGaA 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 1.13 0.95 0.57 0.66 0.58

Draegerwerk AG KGaA Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.66 0.66 0.64 0.62 0.58

Competitive Comparison of Draegerwerk AG KGaA's Cyclically Adjusted PB Ratio

For the Medical Devices subindustry, Draegerwerk AG KGaA'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.


Draegerwerk AG KGaA's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Draegerwerk AG KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Draegerwerk AG KGaA 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.

Draegerwerk AG KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=67.276/81.15
=0.83

* 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.

Draegerwerk AG KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Draegerwerk AG KGaA's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=85.687/127.0412*127.0412
=85.687

Current CPI (Dec. 2024) = 127.0412.

Draegerwerk AG KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201503 56.267 99.717 71.685
201506 58.705 100.417 74.270
201509 56.661 100.417 71.684
201512 57.920 99.717 73.791
201603 56.820 100.017 72.173
201606 56.507 100.717 71.276
201609 56.370 101.017 70.892
201612 59.483 101.217 74.659
201703 60.897 101.417 76.283
201706 63.154 102.117 78.568
201709 67.612 102.717 83.623
201712 71.105 102.617 88.029
201803 72.241 102.917 89.174
201806 67.263 104.017 82.151
201809 67.616 104.718 82.030
201812 69.133 104.217 84.273
201903 67.493 104.217 82.274
201906 65.726 105.718 78.983
201909 62.594 106.018 75.007
201912 67.242 105.818 80.729
202003 50.711 105.718 60.940
202006 52.182 106.618 62.178
202009 58.842 105.818 70.644
202012 66.981 105.518 80.644
202103 73.329 107.518 86.644
202106 77.682 108.486 90.969
202109 78.648 109.435 91.301
202112 75.886 110.384 87.338
202203 74.814 113.968 83.396
202206 74.706 115.760 81.986
202209 69.655 118.818 74.476
202212 74.426 119.345 79.226
202303 75.904 122.402 78.781
202306 77.360 123.140 79.811
202309 78.471 124.195 80.270
202312 81.776 123.773 83.935
202403 82.984 125.038 84.313
202406 82.645 125.882 83.406
202409 84.854 126.198 85.421
202412 85.687 127.041 85.687

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.


Draegerwerk AG KGaA  (OTCPK:DRWKF) 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.


Draegerwerk AG KGaA Cyclically Adjusted PB Ratio Related Terms

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


Draegerwerk AG KGaA Business Description

Address
Moislinger Allee 53 - 55, Lubeck, DEU, 23542
Draegerwerk AG & Co KGaA develops medical and safety equipment for clinical and industrial applications. The firm operates in two segments: medical and safety. The medical division contributes the majority of revenue, it develops and produces system solutions, equipment, and services for the acute point of care, it has five business units Therapy, Hospital Consumables & Accessories, Workplace Infrastructure, Monitoring, and Data Business. Its safety division develops and produces devices, system solutions, and services for personal protection, gas detection, and integrated hazard management. Its geographical segments are Europe; Germany; the Americas; Africa, Asia, and Australia.