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Clarus (FRA:BDO) Cyclically Adjusted PB Ratio : 0.84 (As of May. 21, 2024)


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What is Clarus Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Clarus's current share price is €6.30. Clarus's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.51. Clarus's Cyclically Adjusted PB Ratio for today is 0.84.

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

FRA:BDO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.37   Max: 4.15
Current: 0.86

During the past years, Clarus's highest Cyclically Adjusted PB Ratio was 4.15. The lowest was 0.58. And the median was 1.37.

FRA:BDO's Cyclically Adjusted PB Ratio is ranked better than
63.03% of 595 companies
in the Travel & Leisure industry
Industry Median: 1.41 vs FRA:BDO: 0.86

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.

Clarus's adjusted book value per share data for the three months ended in Mar. 2024 was €7.468. 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 €7.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Clarus Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Clarus'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.

Clarus Cyclically Adjusted PB Ratio Chart

Clarus 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 1.88 2.17 3.71 0.99 0.87

Clarus 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 1.18 1.14 0.94 0.87 0.84

Competitive Comparison of Clarus's Cyclically Adjusted PB Ratio

For the Leisure subindustry, Clarus'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.


Clarus's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Clarus's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Clarus 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.30/7.51
=0.84

* 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.

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

For example, Clarus'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)
=7.468/131.7762*131.7762
=7.468

Current CPI (Mar. 2024) = 131.7762.

Clarus Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.405 100.560 7.083
201409 6.152 100.428 8.072
201412 6.350 99.070 8.446
201503 7.077 99.621 9.361
201506 6.708 100.684 8.780
201509 5.345 100.392 7.016
201512 5.109 99.792 6.746
201603 4.944 100.470 6.485
201606 4.843 101.688 6.276
201609 4.807 101.861 6.219
201612 5.056 101.863 6.541
201703 4.941 102.862 6.330
201706 4.613 103.349 5.882
201709 4.324 104.136 5.472
201712 4.564 104.011 5.782
201803 4.424 105.290 5.537
201806 4.652 106.317 5.766
201809 4.687 106.507 5.799
201812 4.889 105.998 6.078
201903 5.022 107.251 6.170
201906 4.935 108.070 6.018
201909 5.130 108.329 6.240
201912 5.455 108.420 6.630
202003 5.495 108.902 6.649
202006 5.324 108.767 6.450
202009 5.340 109.815 6.408
202012 5.385 109.897 6.457
202103 5.646 111.754 6.658
202106 5.673 114.631 6.521
202109 6.755 115.734 7.691
202112 8.832 117.630 9.894
202203 9.349 121.301 10.156
202206 9.469 125.017 9.981
202209 9.902 125.227 10.420
202212 7.443 125.222 7.833
202303 7.356 127.348 7.612
202306 7.191 128.729 7.361
202309 7.188 129.860 7.294
202312 7.022 129.419 7.150
202403 7.468 131.776 7.468

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.


Clarus  (FRA:BDO) 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.


Clarus Cyclically Adjusted PB Ratio Related Terms

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


Clarus (FRA:BDO) Business Description

Traded in Other Exchanges
Address
2084 East 3900 South, Salt Lake City, UT, USA, 84124
Clarus Corp is a designer, developer, manufacturer, and distributor of outdoor equipment and lifestyle products focused on the climb, ski, mountain, sport, and skincare markets. The company operates through the Outdoor segment which includes Black Diamond Equipment, PIEPS, and SKINourishment. Precision Sports segment, formerly known as Sierra segment, which includes Sierra and Barnes, includes two iconic American manufacturers of a wide range of high-performance bullets and ammunition for both rifles and pistols. The adventure segment includes Rhino-Rack and MAXTRAX. It derives the majority of its revenue from the Outdoor segment.

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