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Honeywell International (FRA:ALD) Cyclically Adjusted PB Ratio : 8.07 (As of Dec. 11, 2024)


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What is Honeywell International Cyclically Adjusted PB Ratio?

As of today (2024-12-11), Honeywell International's current share price is €216.65. Honeywell International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €26.84. Honeywell International's Cyclically Adjusted PB Ratio for today is 8.07.

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

FRA:ALD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5   Med: 6.93   Max: 9.49
Current: 7.61

During the past years, Honeywell International's highest Cyclically Adjusted PB Ratio was 9.49. The lowest was 5.00. And the median was 6.93.

FRA:ALD's Cyclically Adjusted PB Ratio is ranked worse than
93.17% of 439 companies
in the Conglomerates industry
Industry Median: 1.08 vs FRA:ALD: 7.61

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.

Honeywell International's adjusted book value per share data for the three months ended in Sep. 2024 was €24.118. 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 €26.84 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Honeywell International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Honeywell International'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.

Honeywell International Cyclically Adjusted PB Ratio Chart

Honeywell International 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 7.88 8.92 7.91 7.48 7.07

Honeywell International Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6.18 7.07 6.82 7.09 6.87

Competitive Comparison of Honeywell International's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Honeywell International'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.


Honeywell International's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Honeywell International 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.

Honeywell International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=216.65/26.84
=8.07

* 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.

Honeywell International's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=24.118/133.0289*133.0289
=24.118

Current CPI (Sep. 2024) = 133.0289.

Honeywell International Quarterly Data

Book Value per Share CPI Adj_Book
201412 18.307 99.070 24.582
201503 20.735 99.621 27.688
201506 21.036 100.684 27.794
201509 20.532 100.392 27.207
201512 21.816 99.792 29.082
201603 21.442 100.470 28.391
201606 21.957 101.688 28.724
201609 22.436 101.861 29.301
201612 24.135 101.863 31.519
201703 24.926 102.862 32.236
201706 23.901 103.349 30.765
201709 23.209 104.136 29.649
201712 18.570 104.011 23.751
201803 19.104 105.290 24.137
201806 20.287 106.317 25.384
201809 21.103 106.507 26.358
201812 21.903 105.998 27.489
201903 22.822 107.251 28.307
201906 21.980 108.070 27.056
201909 23.012 108.329 28.259
201912 23.407 108.420 28.720
202003 22.751 108.902 27.792
202006 22.962 108.767 28.084
202009 21.869 109.815 26.492
202012 20.702 109.897 25.060
202103 21.752 111.754 25.893
202106 21.565 114.631 25.026
202109 22.030 115.734 25.322
202112 23.998 117.630 27.140
202203 24.496 121.301 26.864
202206 24.631 125.017 26.210
202209 26.600 125.227 28.257
202212 23.610 125.222 25.082
202303 23.739 127.348 24.798
202306 24.048 128.729 24.851
202309 24.491 129.860 25.089
202312 22.307 129.419 22.929
202403 23.246 131.776 23.467
202406 24.233 132.554 24.320
202409 24.118 133.029 24.118

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.


Honeywell International  (FRA:ALD) 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.


Honeywell International Cyclically Adjusted PB Ratio Related Terms

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


Honeywell International Business Description

Address
855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around 30% of its revenue from recurring aftermarket services.

Honeywell International Headlines

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