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Hertz Global Holdings (FRA:AZK0) Cyclically Adjusted PB Ratio : 0.19 (As of Oct. 31, 2024)


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What is Hertz Global Holdings Cyclically Adjusted PB Ratio?

As of today (2024-10-31), Hertz Global Holdings's current share price is €2.548. Hertz Global Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €13.19. Hertz Global Holdings's Cyclically Adjusted PB Ratio for today is 0.19.

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

FRA:AZK0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.96   Max: 1.84
Current: 0.21

During the past years, Hertz Global Holdings's highest Cyclically Adjusted PB Ratio was 1.84. The lowest was 0.18. And the median was 0.96.

FRA:AZK0's Cyclically Adjusted PB Ratio is ranked better than
95.47% of 640 companies
in the Business Services industry
Industry Median: 1.555 vs FRA:AZK0: 0.21

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.

Hertz Global Holdings's adjusted book value per share data for the three months ended in Jun. 2024 was €5.936. 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 €13.19 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hertz Global Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hertz Global Holdings'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.

Hertz Global Holdings Cyclically Adjusted PB Ratio Chart

Hertz Global Holdings 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 - - 1.36 0.92 0.70

Hertz Global Holdings 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 1.14 0.79 0.70 0.53 0.24

Competitive Comparison of Hertz Global Holdings's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Hertz Global Holdings'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.


Hertz Global Holdings's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hertz Global Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hertz Global Holdings 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.

Hertz Global Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.548/13.19
=0.19

* 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.

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

For example, Hertz Global Holdings'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)
=5.936/132.5538*132.5538
=5.936

Current CPI (Jun. 2024) = 132.5538.

Hertz Global Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.000 100.428 0.000
201412 20.753 99.070 27.767
201503 22.541 99.621 29.993
201506 22.087 100.684 29.078
201509 22.365 100.392 29.530
201512 20.887 99.792 27.744
201603 20.575 100.470 27.145
201606 16.062 101.688 20.937
201609 16.099 101.861 20.950
201612 11.706 101.863 15.233
201703 9.742 102.862 12.554
201706 7.636 103.349 9.794
201709 8.246 104.136 10.496
201712 14.577 104.011 18.577
201803 10.429 105.290 13.130
201806 10.288 106.317 12.827
201809 11.701 106.507 14.563
201812 10.585 105.998 13.237
201903 9.261 107.251 11.446
201906 10.156 108.070 12.457
201909 11.983 108.329 14.663
201912 11.212 108.420 13.708
202003 8.727 108.902 10.622
202006 3.178 108.767 3.873
202009 1.853 109.815 2.237
202012 0.295 109.897 0.356
202103 1.425 111.754 1.690
202106 6.378 114.631 7.375
202109 7.582 115.734 8.684
202112 5.858 117.630 6.601
202203 5.908 121.301 6.456
202206 7.008 125.017 7.430
202209 8.172 125.227 8.650
202212 7.719 125.222 8.171
202303 8.149 127.348 8.482
202306 10.880 128.729 11.203
202309 10.286 129.860 10.499
202312 9.291 129.419 9.516
202403 8.465 131.776 8.515
202406 5.936 132.554 5.936

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.


Hertz Global Holdings  (FRA:AZK0) 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.


Hertz Global Holdings Cyclically Adjusted PB Ratio Related Terms

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


Hertz Global Holdings Business Description

Traded in Other Exchanges
Address
8501 Williams Road, Estero, FL, USA, 33928
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

Hertz Global Holdings Headlines

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