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SkyWest (FRA:SY2) Cyclically Adjusted PB Ratio : 2.50 (As of Dec. 14, 2024)


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What is SkyWest Cyclically Adjusted PB Ratio?

As of today (2024-12-14), SkyWest's current share price is €103.00. SkyWest's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €41.22. SkyWest's Cyclically Adjusted PB Ratio for today is 2.50.

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

FRA:SY2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 1.2   Max: 2.46
Current: 2.28

During the past years, SkyWest's highest Cyclically Adjusted PB Ratio was 2.46. The lowest was 0.38. And the median was 1.20.

FRA:SY2's Cyclically Adjusted PB Ratio is ranked worse than
71.7% of 682 companies
in the Transportation industry
Industry Median: 1.36 vs FRA:SY2: 2.28

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.

SkyWest's adjusted book value per share data for the three months ended in Sep. 2024 was €51.630. 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 €41.22 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SkyWest Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SkyWest'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.

SkyWest Cyclically Adjusted PB Ratio Chart

SkyWest 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 2.01 1.19 1.05 0.40 1.18

SkyWest Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.96 1.18 1.53 1.78 1.82

Competitive Comparison of SkyWest's Cyclically Adjusted PB Ratio

For the Airlines subindustry, SkyWest'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.


SkyWest's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, SkyWest's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SkyWest 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=103.00/41.22
=2.50

* 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.

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

For example, SkyWest's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=51.63/133.0289*133.0289
=51.630

Current CPI (Sep. 2024) = 133.0289.

SkyWest Quarterly Data

Book Value per Share CPI Adj_Book
201412 22.187 99.070 29.792
201503 25.230 99.621 33.691
201506 25.120 100.684 33.190
201509 25.693 100.392 34.046
201512 27.113 99.792 36.143
201603 26.847 100.470 35.547
201606 27.269 101.688 35.673
201609 27.966 101.861 36.523
201612 24.740 101.863 32.310
201703 24.827 102.862 32.108
201706 24.457 103.349 31.481
201709 23.882 104.136 30.508
201712 28.643 104.011 36.634
201803 27.848 105.290 35.185
201806 30.602 106.317 38.291
201809 31.833 106.507 39.760
201812 33.599 105.998 42.167
201903 34.514 107.251 42.810
201906 35.688 108.070 43.930
201909 38.058 108.329 46.735
201912 38.899 108.420 47.728
202003 39.049 108.902 47.700
202006 37.953 108.767 46.419
202009 36.969 109.815 44.784
202012 35.047 109.897 42.424
202103 36.398 111.754 43.327
202106 37.076 114.631 43.026
202109 38.161 115.734 43.864
202112 39.832 117.630 45.047
202203 41.152 121.301 45.131
202206 43.910 125.017 46.724
202209 47.827 125.227 50.807
202212 43.799 125.222 46.530
202303 45.610 127.348 47.645
202306 46.991 128.729 48.561
202309 48.570 129.860 49.755
202312 48.181 129.419 49.525
202403 49.460 131.776 49.930
202406 51.698 132.554 51.883
202409 51.630 133.029 51.630

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.


SkyWest  (FRA:SY2) 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.


SkyWest Cyclically Adjusted PB Ratio Related Terms

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


SkyWest Business Description

Industry
Traded in Other Exchanges
Address
444 South River Road, St. George, UT, USA, 84790
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.

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