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AdvanSix (FRA:960) Cyclically Adjusted PB Ratio : 1.39 (As of Sep. 21, 2024)


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What is AdvanSix Cyclically Adjusted PB Ratio?

As of today (2024-09-21), AdvanSix's current share price is €25.80. AdvanSix's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €18.50. AdvanSix's Cyclically Adjusted PB Ratio for today is 1.39.

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

FRA:960' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.35   Max: 1.49
Current: 1.43

During the past years, AdvanSix's highest Cyclically Adjusted PB Ratio was 1.49. The lowest was 1.04. And the median was 1.35.

FRA:960's Cyclically Adjusted PB Ratio is ranked better than
53.13% of 973 companies
in the Chemicals industry
Industry Median: 1.53 vs FRA:960: 1.43

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.

AdvanSix's adjusted book value per share data for the three months ended in Jun. 2024 was €25.968. 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 €18.50 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AdvanSix Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AdvanSix'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.

AdvanSix Cyclically Adjusted PB Ratio Chart

AdvanSix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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AdvanSix Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - - - - 1.12

Competitive Comparison of AdvanSix's Cyclically Adjusted PB Ratio

For the Chemicals subindustry, AdvanSix'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.


AdvanSix's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AdvanSix's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AdvanSix 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.

AdvanSix's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.80/18.5
=1.39

* 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.

AdvanSix's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=25.968/132.5538*132.5538
=25.968

Current CPI (Jun. 2024) = 132.5538.

AdvanSix Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.000 98.326 0.000
201412 11.038 99.070 14.769
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 14.363 99.792 19.078
201603 15.557 100.470 20.525
201606 15.218 101.688 19.837
201609 6.941 101.861 9.032
201612 6.698 101.863 8.716
201703 7.495 102.862 9.658
201706 7.943 103.349 10.188
201709 8.329 104.136 10.602
201712 10.432 104.011 13.295
201803 10.366 105.290 13.050
201806 11.755 106.317 14.656
201809 11.683 106.507 14.540
201812 12.591 105.998 15.745
201903 12.985 107.251 16.049
201906 13.289 108.070 16.300
201909 13.785 108.329 16.868
201912 12.925 108.420 15.802
202003 13.184 108.902 16.047
202006 13.331 108.767 16.246
202009 12.753 109.815 15.394
202012 13.023 109.897 15.708
202103 14.212 111.754 16.857
202106 15.433 114.631 17.846
202109 17.115 115.734 19.602
202112 18.907 117.630 21.306
202203 21.272 121.301 23.245
202206 24.232 125.017 25.693
202209 26.029 125.227 27.552
202212 25.389 125.222 26.876
202303 25.590 127.348 26.636
202306 26.178 128.729 26.956
202309 26.130 129.860 26.672
202312 25.341 129.419 25.955
202403 24.469 131.776 24.613
202406 25.968 132.554 25.968

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.


AdvanSix  (FRA:960) 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.


AdvanSix Cyclically Adjusted PB Ratio Related Terms

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


AdvanSix Business Description

Industry
Traded in Other Exchanges
Address
300 Kimball Drive, Suite 101, Parsippany, NJ, USA, 07054
AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin and fertilizers. Nylon 6 is a synthetic material used by customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of its revenue from the United States region.

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