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A. P. Moller Maersk A/S (FRA:DP4H) Cyclically Adjusted PB Ratio : 0.71 (As of Jun. 14, 2024)


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What is A. P. Moller Maersk A/S Cyclically Adjusted PB Ratio?

As of today (2024-06-14), A. P. Moller Maersk A/S's current share price is €7.20. A. P. Moller Maersk A/S's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €10.14. A. P. Moller Maersk A/S's Cyclically Adjusted PB Ratio for today is 0.71.

The historical rank and industry rank for A. P. Moller Maersk A/S's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:DP4H' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.89   Max: 2.12
Current: 0.79

During the past years, A. P. Moller Maersk A/S's highest Cyclically Adjusted PB Ratio was 2.12. The lowest was 0.51. And the median was 0.89.

FRA:DP4H's Cyclically Adjusted PB Ratio is ranked better than
71.03% of 725 companies
in the Transportation industry
Industry Median: 1.27 vs FRA:DP4H: 0.79

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.

A. P. Moller Maersk A/S's adjusted book value per share data for the three months ended in Mar. 2024 was €15.266. 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 €10.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


A. P. Moller Maersk A/S Cyclically Adjusted PB Ratio Historical Data

The historical data trend for A. P. Moller Maersk A/S'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.

A. P. Moller Maersk A/S Cyclically Adjusted PB Ratio Chart

A. P. Moller Maersk A/S 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 0.90 1.27 2.07 1.16 0.83

A. P. Moller Maersk A/S 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 0.90 0.85 0.88 0.83 0.59

Competitive Comparison of A. P. Moller Maersk A/S's Cyclically Adjusted PB Ratio

For the Marine Shipping subindustry, A. P. Moller Maersk A/S'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.


A. P. Moller Maersk A/S's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, A. P. Moller Maersk A/S's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where A. P. Moller Maersk A/S's Cyclically Adjusted PB Ratio falls into.



A. P. Moller Maersk A/S 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.

A. P. Moller Maersk A/S's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.20/10.14
=0.71

* 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.

A. P. Moller Maersk A/S's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, A. P. Moller Maersk A/S'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)
=15.266/118.4000*118.4000
=15.266

Current CPI (Mar. 2024) = 118.4000.

A. P. Moller Maersk A/S Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.038 99.700 8.358
201409 7.540 99.700 8.954
201412 7.808 99.400 9.300
201503 7.804 100.200 9.221
201506 7.807 100.300 9.216
201509 7.927 100.200 9.367
201512 7.627 99.800 9.048
201603 7.588 100.200 8.966
201606 7.293 100.600 8.583
201609 7.406 100.200 8.751
201612 7.144 100.300 8.433
201703 7.085 101.200 8.289
201706 6.764 101.200 7.914
201709 6.088 101.800 7.081
201712 6.231 101.300 7.283
201803 6.546 101.700 7.621
201806 6.769 102.300 7.834
201809 6.884 102.400 7.960
201812 6.903 102.100 8.005
201903 6.837 102.900 7.867
201906 6.059 102.900 6.972
201909 6.287 102.900 7.234
201912 6.292 102.900 7.240
202003 6.216 103.300 7.125
202006 6.261 103.200 7.183
202009 6.226 103.500 7.122
202012 6.322 103.400 7.239
202103 6.742 104.300 7.653
202106 7.359 105.000 8.298
202109 8.737 105.800 9.778
202112 10.529 106.600 11.694
202203 10.754 109.900 11.586
202206 13.291 113.600 13.853
202209 16.645 116.400 16.931
202212 17.144 115.900 17.514
202303 14.798 117.300 14.937
202306 15.153 116.400 15.413
202309 15.620 117.400 15.753
202312 15.499 116.700 15.725
202403 15.266 118.400 15.266

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.


A. P. Moller Maersk A/S  (FRA:DP4H) 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.


A. P. Moller Maersk A/S Cyclically Adjusted PB Ratio Related Terms

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


A. P. Moller Maersk A/S (FRA:DP4H) Business Description

Address
Esplanaden 50, Copenhagen, DNK, DK-1098
A.P. Moller-Maersk is a Denmark-listed global conglomerate involved in global trade, shipping, and energy. Maersk Line, the largest contributor to group revenue and earnings, has been the largest container shipping company globally for more than 20 years. Maersk was founded in 1904 and has since been run by the Moller-Maersk family, which currently holds slightly more than 50% of the share capital. The group has been active over the past few years in divesting noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations.

A. P. Moller Maersk A/S (FRA:DP4H) Headlines

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