GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fraport AG (OTCPK:FPRUF) » Definitions » Cyclically Adjusted PB Ratio

Fraport AG (Fraport AG) Cyclically Adjusted PB Ratio : 1.03 (As of May. 29, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Fraport AG Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Fraport AG's current share price is $53.24. Fraport AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $51.61. Fraport AG's Cyclically Adjusted PB Ratio for today is 1.03.

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

FPRUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.23   Max: 2.49
Current: 1.07

During the past years, Fraport AG's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 0.79. And the median was 1.23.

FPRUF's Cyclically Adjusted PB Ratio is ranked better than
57.72% of 712 companies
in the Transportation industry
Industry Median: 1.26 vs FPRUF: 1.07

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.

Fraport AG's adjusted book value per share data for the three months ended in Mar. 2024 was $51.321. 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 $51.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fraport AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fraport 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.

Fraport AG Cyclically Adjusted PB Ratio Chart

Fraport 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 1.99 1.26 1.43 0.84 1.16

Fraport AG 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 1.00 1.04 1.06 1.16 1.02

Competitive Comparison of Fraport AG's Cyclically Adjusted PB Ratio

For the Airports & Air Services subindustry, Fraport 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.


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

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

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



Fraport 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.24/51.61
=1.03

* 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.

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

For example, Fraport AG'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)
=51.321/125.0381*125.0381
=51.321

Current CPI (Mar. 2024) = 125.0381.

Fraport AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 44.999 99.543 56.524
201409 44.634 99.823 55.909
201412 43.047 99.543 54.072
201503 38.458 99.717 48.224
201506 39.376 100.417 49.031
201509 41.105 100.417 51.184
201512 40.564 99.717 50.865
201603 41.572 100.017 51.972
201606 41.526 100.717 51.554
201609 43.074 101.017 53.317
201612 42.720 101.217 52.774
201703 43.607 101.417 53.764
201706 44.927 102.117 55.011
201709 49.845 102.717 60.677
201712 49.546 102.617 60.371
201803 51.779 102.917 62.908
201806 48.610 104.017 58.434
201809 51.078 104.718 60.990
201812 51.474 104.217 61.758
201903 51.624 104.217 61.938
201906 50.978 105.718 60.295
201909 52.419 106.018 61.823
201912 53.433 105.818 63.138
202003 51.885 105.718 61.367
202006 50.401 106.618 59.109
202009 48.292 105.818 57.064
202012 47.650 105.518 56.465
202103 45.854 107.518 53.326
202106 47.682 108.486 54.957
202109 47.759 109.435 54.569
202112 45.900 110.384 51.994
202203 43.987 113.968 48.260
202206 42.969 115.760 46.413
202209 41.407 118.818 43.575
202212 44.824 119.345 46.962
202303 45.037 122.402 46.007
202306 46.945 123.140 47.668
202309 49.439 124.195 49.775
202312 50.974 123.773 51.495
202403 51.321 125.038 51.321

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.


Fraport AG  (OTCPK:FPRUF) 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.


Fraport AG Cyclically Adjusted PB Ratio Related Terms

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


Fraport AG (Fraport AG) Business Description

Industry
Address
Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.