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PORR AG (FRA:ABS2) Cyclically Adjusted PB Ratio : 0.68 (As of Jun. 23, 2024)


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What is PORR AG Cyclically Adjusted PB Ratio?

As of today (2024-06-23), PORR AG's current share price is €14.06. PORR AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €20.74. PORR AG's Cyclically Adjusted PB Ratio for today is 0.68.

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

FRA:ABS2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.7   Max: 0.97
Current: 0.69

During the past years, PORR AG's highest Cyclically Adjusted PB Ratio was 0.97. The lowest was 0.48. And the median was 0.70.

FRA:ABS2's Cyclically Adjusted PB Ratio is ranked better than
69.77% of 1277 companies
in the Construction industry
Industry Median: 1.09 vs FRA:ABS2: 0.69

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.

PORR AG's adjusted book value per share data for the three months ended in Mar. 2024 was €20.617. 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 €20.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PORR AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for PORR 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.

PORR AG Cyclically Adjusted PB Ratio Chart

PORR 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 - 0.72 0.80 0.62 0.62

PORR 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 0.69 0.65 0.59 0.62 0.69

Competitive Comparison of PORR AG's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, PORR 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.


PORR AG's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

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

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



PORR 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.06/20.74
=0.68

* 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.

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

For example, PORR 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)
=20.617/133.7589*133.7589
=20.617

Current CPI (Mar. 2024) = 133.7589.

PORR AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.154 99.496 17.684
201409 12.648 99.586 16.988
201412 11.041 99.676 14.816
201503 10.572 99.992 14.142
201506 10.749 100.492 14.307
201509 11.084 100.292 14.783
201512 12.223 100.692 16.237
201603 11.915 100.692 15.828
201606 11.172 101.092 14.782
201609 11.677 101.192 15.435
201612 12.909 102.092 16.913
201703 16.712 102.592 21.789
201706 16.070 102.991 20.871
201709 16.608 103.591 21.445
201712 18.012 104.291 23.101
201803 17.345 104.491 22.203
201806 16.781 105.091 21.359
201809 17.416 105.691 22.041
201812 18.681 106.291 23.509
201903 18.090 106.391 22.743
201906 17.247 106.791 21.602
201909 17.133 106.991 21.419
201912 19.185 108.091 23.741
202003 21.762 108.024 26.947
202006 21.792 107.915 27.011
202009 20.825 108.348 25.709
202012 20.784 109.321 25.430
202103 20.232 110.186 24.560
202106 20.838 110.943 25.123
202109 16.004 111.916 19.127
202112 20.238 113.971 23.752
202203 18.180 117.647 20.670
202206 18.116 120.567 20.098
202209 18.657 123.811 20.156
202212 19.708 125.541 20.998
202303 19.761 128.460 20.576
202306 19.783 130.191 20.325
202309 20.385 131.272 20.771
202312 21.814 132.570 22.010
202403 20.617 133.759 20.617

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.


PORR AG  (FRA:ABS2) 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.


PORR AG Cyclically Adjusted PB Ratio Related Terms

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


PORR AG (FRA:ABS2) Business Description

Industry
Traded in Other Exchanges
Address
Absberggasse 47, Vienna, AUT, 1100
PORR AG is an Austria-based construction company engaged in realizing complex building construction and civil engineering projects and focuses on its seven European home markets of Austria, Germany, Switzerland, Poland, the Czech Republic, Slovakia, and Romania. It operates in five segments; The segment ATCH includes country responsibility for Austria and Switzerland, The segment DE includes activities in German building and infrastructure construction and equity interests, The segment PL includes all country responsibility for Poland, The segment CEE includes activities in Czech Republic, Slovakia, and Romania, including equity interests, and The segment Infrastructure International includes international expertise in tunneling, railway construction, and specialist civil engineering.

PORR AG (FRA:ABS2) Headlines

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