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SHW AG (HAM:SW1) Cyclically Adjusted PB Ratio : 0.91 (As of Jun. 14, 2024)


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What is SHW AG Cyclically Adjusted PB Ratio?

As of today (2024-06-14), SHW AG's current share price is €19.80. SHW AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €21.84. SHW AG's Cyclically Adjusted PB Ratio for today is 0.91.

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

HAM:SW1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.03   Max: 1.21
Current: 0.91

During the past 13 years, SHW AG's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.68. And the median was 1.03.

HAM:SW1's Cyclically Adjusted PB Ratio is not ranked
in the Vehicles & Parts industry.
Industry Median: 1.29 vs HAM:SW1: 0.91

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.

SHW AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was €19.257. 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 €21.84 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


SHW AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SHW 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.

SHW AG Cyclically Adjusted PB Ratio Chart

SHW AG 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 1.19 1.06 1.03 0.95 0.91

SHW AG Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Dec22 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 1.06 - 1.03 0.95 0.91

Competitive Comparison of SHW AG's Cyclically Adjusted PB Ratio

For the Auto Parts subindustry, SHW 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.


SHW AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SHW AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SHW 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.

SHW AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.80/21.84
=0.91

* 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.

SHW AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, SHW AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=19.257/123.7729*123.7729
=19.257

Current CPI (Dec23) = 123.7729.

SHW AG Annual Data

Book Value per Share CPI Adj_Book
201412 14.443 99.543 17.959
201512 18.060 99.717 22.417
201612 18.854 101.217 23.056
201712 19.406 102.617 23.407
201812 19.324 104.217 22.950
201912 20.461 105.818 23.933
202012 19.367 105.518 22.718
202112 19.790 110.384 22.191
202212 19.804 119.345 20.539
202312 19.257 123.773 19.257

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.


SHW AG  (HAM:SW1) 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.


SHW AG Cyclically Adjusted PB Ratio Related Terms

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


SHW AG (HAM:SW1) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Wilhelmstrasse 111, Aalen, BW, DEU, 73433
SHW AG is a Germany-based developer and manufacturer of a product that contributes to a reduction of fuel consumption and consequently CO2 emissions in the vehicle industry. The company has two operating segments, Pumps, and Engine Components and Brake Disc segment. In its Pumps and engine components business segment SHW develops and produces engine and transmission components for the various area of application. In the Brake Discs business segment, it develops and produces Monobloc, ventilated, cast iron brake discs as well as lightweight brake discs. The company generates the majority of its revenue from the Pumps and engine components business segment.

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