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The Brink's Co (FRA:PTY) Cyclically Adjusted PB Ratio : 12.61 (As of May. 17, 2024)


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What is The Brink's Co Cyclically Adjusted PB Ratio?

As of today (2024-05-17), The Brink's Co's current share price is €88.00. The Brink's Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €6.98. The Brink's Co's Cyclically Adjusted PB Ratio for today is 12.61.

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

FRA:PTY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 6.7   Max: 13.15
Current: 12.92

During the past years, The Brink's Co's highest Cyclically Adjusted PB Ratio was 13.15. The lowest was 1.44. And the median was 6.70.

FRA:PTY's Cyclically Adjusted PB Ratio is ranked worse than
96.05% of 658 companies
in the Business Services industry
Industry Median: 1.585 vs FRA:PTY: 12.92

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.

The Brink's Co's adjusted book value per share data for the three months ended in Mar. 2024 was €8.177. 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 €6.98 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Brink's Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Brink's Co'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.

The Brink's Co Cyclically Adjusted PB Ratio Chart

The Brink's Co 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 9.57 8.47 8.23 6.90 11.55

The Brink's Co 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 8.50 8.57 9.21 11.55 12.25

Competitive Comparison of The Brink's Co's Cyclically Adjusted PB Ratio

For the Security & Protection Services subindustry, The Brink's Co'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.


The Brink's Co's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, The Brink's Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Brink's Co 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.

The Brink's Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=88.00/6.98
=12.61

* 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.

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

For example, The Brink's Co'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)
=8.177/131.7762*131.7762
=8.177

Current CPI (Mar. 2024) = 131.7762.

The Brink's Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 9.949 100.560 13.037
201409 10.091 100.428 13.241
201412 7.242 99.070 9.633
201503 7.405 99.621 9.795
201506 7.179 100.684 9.396
201509 6.651 100.392 8.730
201512 5.968 99.792 7.881
201603 6.098 100.470 7.998
201606 6.128 101.688 7.941
201609 6.680 101.861 8.642
201612 6.391 101.863 8.268
201703 7.361 102.862 9.430
201706 7.475 103.349 9.531
201709 7.616 104.136 9.638
201712 5.311 104.011 6.729
201803 5.451 105.290 6.822
201806 3.743 106.317 4.639
201809 3.780 106.507 4.677
201812 2.718 105.998 3.379
201903 2.932 107.251 3.602
201906 3.437 108.070 4.191
201909 3.073 108.329 3.738
201912 3.446 108.420 4.188
202003 1.188 108.902 1.438
202006 1.957 108.767 2.371
202009 1.547 109.815 1.856
202012 2.139 109.897 2.565
202103 1.687 111.754 1.989
202106 2.900 114.631 3.334
202109 2.102 115.734 2.393
202112 2.297 117.630 2.573
202203 4.578 121.301 4.973
202206 4.820 125.017 5.081
202209 4.384 125.227 4.613
202212 9.116 125.222 9.593
202303 9.638 127.348 9.973
202306 10.768 128.729 11.023
202309 9.573 129.860 9.714
202312 8.189 129.419 8.338
202403 8.177 131.776 8.177

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.


The Brink's Co  (FRA:PTY) 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.


The Brink's Co Cyclically Adjusted PB Ratio Related Terms

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


The Brink's Co (FRA:PTY) Business Description

Traded in Other Exchanges
Address
1801 Bayberry Court, P.O. Box 18100, Richmond, VA, USA, 23226-8100
The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses.