GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fresenius SE & Co KGaA (OTCPK:FSNUF) » Definitions » Cyclically Adjusted PB Ratio

FSNUF (Fresenius SE KGaA) Cyclically Adjusted PB Ratio : 1.07 (As of May. 31, 2025)


View and export this data going back to 2012. Start your Free Trial

What is Fresenius SE KGaA Cyclically Adjusted PB Ratio?

As of today (2025-05-31), Fresenius SE KGaA's current share price is $37.73. Fresenius SE KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $35.27. Fresenius SE KGaA's Cyclically Adjusted PB Ratio for today is 1.07.

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

FSNUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.77   Max: 5.51
Current: 1.27

During the past years, Fresenius SE KGaA's highest Cyclically Adjusted PB Ratio was 5.51. The lowest was 0.72. And the median was 1.77.

FSNUF's Cyclically Adjusted PB Ratio is ranked better than
65.69% of 341 companies
in the Healthcare Providers & Services industry
Industry Median: 1.94 vs FSNUF: 1.27

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.

Fresenius SE KGaA's adjusted book value per share data for the three months ended in Mar. 2025 was $37.250. 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 $35.27 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fresenius SE KGaA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fresenius SE KGaA'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.

Fresenius SE KGaA Cyclically Adjusted PB Ratio Chart

Fresenius SE KGaA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 1.45 0.92 0.90 1.00

Fresenius SE KGaA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.78 0.86 1.04 1.00 1.16

Competitive Comparison of Fresenius SE KGaA's Cyclically Adjusted PB Ratio

For the Medical Care Facilities subindustry, Fresenius SE KGaA'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.


Fresenius SE KGaA's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius SE KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

Fresenius SE KGaA 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.

Fresenius SE KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.73/35.27
=1.07

* 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.

Fresenius SE KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Fresenius SE KGaA's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=37.25/127.7792*127.7792
=37.250

Current CPI (Mar. 2025) = 127.7792.

Fresenius SE KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201506 20.951 100.417 26.660
201509 21.345 100.417 27.161
201512 21.787 99.717 27.918
201603 22.481 100.017 28.721
201606 23.222 100.717 29.462
201609 24.057 101.017 30.430
201612 24.368 101.217 30.763
201703 26.086 101.417 32.867
201706 26.457 102.117 33.106
201709 28.365 102.717 35.286
201712 29.091 102.617 36.224
201803 30.806 102.917 38.248
201806 30.182 104.017 37.077
201809 31.032 104.718 37.866
201812 31.463 104.217 38.576
201903 32.442 104.217 39.777
201906 32.165 105.718 38.877
201909 32.888 106.018 39.639
201912 33.385 105.818 40.314
202003 33.992 105.718 41.086
202006 35.601 106.618 42.667
202009 36.012 105.818 43.486
202012 37.295 105.518 45.163
202103 37.952 107.518 45.104
202106 38.142 108.486 44.925
202109 38.483 109.435 44.934
202112 38.366 110.384 44.412
202203 39.110 113.968 43.850
202206 38.782 115.760 42.809
202209 37.587 118.818 40.422
202212 38.396 119.345 41.110
202303 39.030 122.402 40.744
202306 38.637 123.140 40.092
202309 37.961 124.195 39.057
202312 36.785 123.773 37.976
202403 37.522 125.038 38.345
202406 36.377 125.882 36.925
202409 37.099 126.198 37.564
202412 36.331 127.041 36.542
202503 37.250 127.779 37.250

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.


Fresenius SE KGaA  (OTCPK:FSNUF) 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.


Fresenius SE KGaA Cyclically Adjusted PB Ratio Related Terms

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


Fresenius SE KGaA Business Description

Address
Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius SE is a healthcare holding company based in Germany. The company owns a minority stake in dialysis service provider and equipment manufacturer Fresenius Medical Care. The Kabi segment manufactures intravenous drugs, nutrition products, infusion and transfusion therapies, and related pumps. The Helios segment operates private hospitals primarily in Germany and Spain.