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Graco (GGG) Cyclically Adjusted PB Ratio

: 12.19 (As of Today)
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As of today (2024-04-23), Graco's current share price is $89.49. Graco's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.34. Graco's Cyclically Adjusted PB Ratio for today is 12.19.

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

GGG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.52   Med: 13.16   Max: 18.14
Current: 12.02

During the past years, Graco's highest Cyclically Adjusted PB Ratio was 18.14. The lowest was 9.52. And the median was 13.16.

GGG's Cyclically Adjusted PB Ratio is ranked worse than
96.52% of 1980 companies
in the Industrial Products industry
Industry Median: 1.725 vs GGG: 12.02

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.

Graco's adjusted book value per share data for the three months ended in Dec. 2023 was $13.244. 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 $7.34 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graco Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Graco'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.

Graco 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 13.97 17.32 15.59 10.72 11.82

Graco Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 10.72 11.09 12.57 10.20 11.82

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Graco'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.


Graco Cyclically Adjusted PB Ratio Distribution

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

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



Graco 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=89.49/7.34
=12.19

* 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.

Graco's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Graco's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=13.244/129.4194*129.4194
=13.244

Current CPI (Dec. 2023) = 129.4194.

Graco Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.534 99.695 4.588
201406 3.624 100.560 4.664
201409 3.621 100.428 4.666
201412 3.356 99.070 4.384
201503 3.505 99.621 4.553
201506 4.113 100.684 5.287
201509 3.795 100.392 4.892
201512 3.844 99.792 4.985
201603 3.817 100.470 4.917
201606 4.048 101.688 5.152
201609 4.261 101.861 5.414
201612 3.426 101.863 4.353
201703 3.402 102.862 4.280
201706 3.879 103.349 4.857
201709 4.276 104.136 5.314
201712 4.270 104.011 5.313
201803 4.339 105.290 5.333
201806 4.258 106.317 5.183
201809 4.786 106.507 5.816
201812 4.552 105.998 5.558
201903 5.071 107.251 6.119
201906 5.551 108.070 6.648
201909 5.899 108.329 7.047
201912 6.127 108.420 7.314
202003 6.114 108.902 7.266
202006 6.160 108.767 7.330
202009 6.959 109.815 8.201
202012 7.617 109.897 8.970
202103 8.159 111.754 9.449
202106 8.727 114.631 9.853
202109 9.204 115.734 10.292
202112 10.037 117.630 11.043
202203 9.988 121.301 10.656
202206 10.391 125.017 10.757
202209 10.611 125.227 10.966
202212 11.089 125.222 11.461
202303 11.800 127.348 11.992
202306 12.523 128.729 12.590
202309 12.966 129.860 12.922
202312 13.244 129.419 13.244

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.


Graco  (NYSE:GGG) 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.


Graco Cyclically Adjusted PB Ratio Related Terms

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


Graco (GGG) Business Description

Industry
Traded in Other Exchanges
Address
88-11th Avenue Northeast, Minneapolis, MN, USA, 55413
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.1 billion in sales and $573 million in operating income in 2022.
Executives
Mark W Sheahan officer: VICE PRESIDENT AND TREASURER P.O. BOX 1441, MINNEAPOLIS MN 55440-1441
Angela F Wordell officer: Executive VP, Operations 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Kathryn L Schoenrock officer: Executive Vice President 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Caroline M Chambers officer: Vice President and Controller PO BOX 1441, MINNEAPOLIS MN 55440-1441
Eric Etchart director ROOM F, 22F CROSS REGION PLAZA, 899 LINGLING ROAD, SHANGHAI F4 200030
Van Sant R William director PO BOX 1441, MINNEAPOLIS MN 55440-1441
Timothy R White officer: President, EMEA 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Ronita Banerjee officer: EVP, Chief HR Officer 88 11TH AVENUE NE, MINNEAPOLIS MN 55105
Jeffrey P. Johnson officer: Vice President 88 - 11TH AVENUE N.E., MINNEAPOLIS MN 55413
Heather L Anfang director 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Dale D Johnson officer: VICE PRESIDENT P.O. BOX 1441, MINNEAPOLIS MN 5440-1441
Christopher D. Knutson officer: EVP, Corporate Controller 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
Claudio Merengo officer: President, Worldwide Gema 88 11TH AVENUE NE, MINNEAPOLIS MN 55413
J Kevin Gilligan director P O BOX 1441, MINNEAPOLIS MN 55440-1441
Archie C. Black director 333 SOUTH SEVENTH STREET, SUITE 1000, MINNEAPOLIS MN 55402

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