/term/cyclically-adjusted-pb-ratio/HSHPF HSHPF (Hill & Smith) Cyclically Adjusted PB Ratio
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Hill & Smith (Hill & Smith) Cyclically Adjusted PB Ratio : 4.39 (As of Jun. 20, 2024)


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What is Hill & Smith Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Hill & Smith's current share price is $15.35. Hill & Smith's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $3.50. Hill & Smith's Cyclically Adjusted PB Ratio for today is 4.39.

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

HSHPF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.43   Med: 4.35   Max: 6.7
Current: 4.43

During the past 13 years, Hill & Smith's highest Cyclically Adjusted PB Ratio was 6.70. The lowest was 2.43. And the median was 4.35.

HSHPF's Cyclically Adjusted PB Ratio is ranked worse than
88.57% of 1277 companies
in the Construction industry
Industry Median: 1.09 vs HSHPF: 4.43

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.

Hill & Smith's adjusted book value per share data of for the fiscal year that ended in Dec23 was $6.713. 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 $3.50 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hill & Smith Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Hill & Smith'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.

Hill & Smith Cyclically Adjusted PB Ratio Chart

Hill & Smith 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 5.13 4.60 5.28 2.98 4.39

Hill & Smith Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 5.28 - 2.98 - 4.39

Competitive Comparison of Hill & Smith's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Hill & Smith'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.


Hill & Smith's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hill & Smith's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Hill & Smith 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.

Hill & Smith's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.35/3.5
=4.39

* 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.

Hill & Smith's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Hill & Smith'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)
=6.713/130.5000*130.5000
=6.713

Current CPI (Dec23) = 130.5000.

Hill & Smith Annual Data

Book Value per Share CPI Adj_Book
201412 3.646 99.900 4.763
201512 3.800 100.400 4.939
201612 3.691 102.200 4.713
201712 4.405 105.000 5.475
201812 4.697 107.100 5.723
201912 5.069 108.500 6.097
202012 5.420 109.400 6.465
202112 5.659 114.700 6.439
202212 6.013 125.300 6.263
202312 6.713 130.500 6.713

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.


Hill & Smith  (OTCPK:HSHPF) 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.


Hill & Smith Cyclically Adjusted PB Ratio Related Terms

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


Hill & Smith (Hill & Smith) Business Description

Traded in Other Exchanges
Address
Westhaven House, Arleston Way, Shirley, Solihull, West Midlands, GBR, B90 4LH
Hill & Smith PLC creates sustainable infrastructure and safe transport through innovation. It is organized into three main business divisions. Galvanizing Services increase the sustainability and maintenance-free life of steel products including structural steelwork, lighting, bridges, agricultural and other products for the industrial and infrastructure markets. Engineered Solutions supplies engineered steel and composite solutions for a wide range of infrastructure markets including energy generation and distribution, marine, rail, and housing. Roads & Security division supplies products and services to support road and highway infrastructure including temporary and permanent road safety barriers, renewable energy lighting and power solutions, and Intelligent Traffic Solutions.

Hill & Smith (Hill & Smith) Headlines

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