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B+S Banksysteme AG (FRA:DTD2) Cyclically Adjusted PB Ratio : 0.77 (As of May. 22, 2024)


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What is B+S Banksysteme AG Cyclically Adjusted PB Ratio?

As of today (2024-05-22), B+S Banksysteme AG's current share price is €1.62. B+S Banksysteme AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was €2.10. B+S Banksysteme AG's Cyclically Adjusted PB Ratio for today is 0.77.

The historical rank and industry rank for B+S Banksysteme AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:DTD2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.47   Max: 3.58
Current: 0.79

During the past 13 years, B+S Banksysteme AG's highest Cyclically Adjusted PB Ratio was 3.58. The lowest was 0.67. And the median was 1.47.

FRA:DTD2's Cyclically Adjusted PB Ratio is ranked better than
82.81% of 1350 companies
in the Software industry
Industry Median: 2.61 vs FRA:DTD2: 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.

B+S Banksysteme AG's adjusted book value per share data of for the fiscal year that ended in Jun23 was €2.106. 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 €2.10 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


B+S Banksysteme AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for B+S Banksysteme AG'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.

B+S Banksysteme AG Cyclically Adjusted PB Ratio Chart

B+S Banksysteme AG Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 1.21 2.19 1.17 0.87

B+S Banksysteme AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 1.17 - 0.87 -

Competitive Comparison of B+S Banksysteme AG's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, B+S Banksysteme AG'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.


B+S Banksysteme AG's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, B+S Banksysteme AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where B+S Banksysteme AG's Cyclically Adjusted PB Ratio falls into.



B+S Banksysteme AG 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.

B+S Banksysteme AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.62/2.1
=0.77

* 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.

B+S Banksysteme AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, B+S Banksysteme AG's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=2.106/123.1404*123.1404
=2.106

Current CPI (Jun23) = 123.1404.

B+S Banksysteme AG Annual Data

Book Value per Share CPI Adj_Book
201406 1.281 99.543 1.585
201506 1.612 100.417 1.977
201606 1.699 100.717 2.077
201706 1.968 102.117 2.373
201806 2.134 104.017 2.526
201906 2.074 105.718 2.416
202006 2.025 106.618 2.339
202106 2.048 108.486 2.325
202206 2.051 115.760 2.182
202306 2.106 123.140 2.106

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.


B+S Banksysteme AG  (FRA:DTD2) 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.


B+S Banksysteme AG Cyclically Adjusted PB Ratio Related Terms

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B+S Banksysteme AG (FRA:DTD2) Business Description

Industry
Traded in Other Exchanges
Address
Elsenheimerstrasse 45, Munich, BY, DEU, 80687
B+S Banksysteme AG develops and markets software solutions for the completion of financial transactions with banks, savings banks, and industrial enterprises. It is engaged in the creation and development of its own programs for data processing, duplication, licensing, and distribution as well as consulting for companies. The company's headquarters have been in Munich with further locations in Austria (Salzburg) and Switzerland (Canton Bern).

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