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Ascopiave SpA (FRA:AVA) Cyclically Adjusted PB Ratio : 0.81 (As of Dec. 15, 2024)


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What is Ascopiave SpA Cyclically Adjusted PB Ratio?

As of today (2024-12-15), Ascopiave SpA's current share price is €2.625. Ascopiave SpA's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €3.25. Ascopiave SpA's Cyclically Adjusted PB Ratio for today is 0.81.

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

FRA:AVA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.56   Max: 2.4
Current: 0.81

During the past years, Ascopiave SpA's highest Cyclically Adjusted PB Ratio was 2.40. The lowest was 0.64. And the median was 1.56.

FRA:AVA's Cyclically Adjusted PB Ratio is ranked better than
76.87% of 415 companies
in the Utilities - Regulated industry
Industry Median: 1.57 vs FRA:AVA: 0.81

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.

Ascopiave SpA's adjusted book value per share data for the three months ended in Sep. 2024 was €3.874. 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 €3.25 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ascopiave SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ascopiave SpA'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.

Ascopiave SpA Cyclically Adjusted PB Ratio Chart

Ascopiave SpA 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 2.00 1.72 1.43 0.82 0.72

Ascopiave SpA 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 0.64 0.72 0.74 0.70 0.87

Competitive Comparison of Ascopiave SpA's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, Ascopiave SpA'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.


Ascopiave SpA's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ascopiave SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ascopiave SpA 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.

Ascopiave SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.625/3.25
=0.81

* 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.

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

For example, Ascopiave SpA'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)
=3.874/121.2000*121.2000
=3.874

Current CPI (Sep. 2024) = 121.2000.

Ascopiave SpA Quarterly Data

Book Value per Share CPI Adj_Book
201412 1.824 99.721 2.217
201503 1.920 99.814 2.331
201506 1.776 100.279 2.147
201509 1.792 100.000 2.172
201512 1.868 99.814 2.268
201603 1.971 99.600 2.398
201606 1.845 99.900 2.238
201609 1.867 100.100 2.261
201612 1.970 100.300 2.380
201703 2.077 101.000 2.492
201706 1.918 101.100 2.299
201709 1.933 101.200 2.315
201712 2.004 101.200 2.400
201803 2.103 101.800 2.504
201806 1.939 102.400 2.295
201809 1.929 102.600 2.279
201812 1.992 102.300 2.360
201903 2.084 102.800 2.457
201906 1.784 103.100 2.097
201909 1.849 102.900 2.178
201912 3.900 102.800 4.598
202003 3.956 102.900 4.660
202006 3.781 102.900 4.453
202009 3.816 102.300 4.521
202012 3.941 102.600 4.655
202103 4.005 103.700 4.681
202106 3.906 104.200 4.543
202109 3.930 104.900 4.541
202112 4.008 106.600 4.557
202203 4.084 110.400 4.484
202206 4.042 112.500 4.355
202209 4.154 114.200 4.409
202212 3.997 119.000 4.071
202303 3.946 118.800 4.026
202306 3.821 119.700 3.869
202309 3.819 120.300 3.848
202312 3.898 119.700 3.947
202403 3.930 120.200 3.963
202406 3.839 120.700 3.855
202409 3.874 121.200 3.874

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.


Ascopiave SpA  (FRA:AVA) 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.


Ascopiave SpA Cyclically Adjusted PB Ratio Related Terms

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


Ascopiave SpA Business Description

Traded in Other Exchanges
Address
Via Verizzo, 1030, Pieve di Soligo, Treviso, ITA, I-31053
Ascopiave SpA is an Italy-based company engaged in the utility sector. The company is active in the distribution and sale of natural gas. Its business segments include Gas distribution, Renewable energies, and Others. The other segments include the cogeneration and heat supply activity and the parent company. It generates maximum revenue from the Gas distribution segment.