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Bera Holding AS (IST:BERA) Cyclically Adjusted PB Ratio : 4.84 (As of May. 24, 2024)


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What is Bera Holding AS Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Bera Holding AS's current share price is ₺19.25. Bera Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₺3.98. Bera Holding AS's Cyclically Adjusted PB Ratio for today is 4.84.

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

IST:BERA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.6   Med: 3.74   Max: 5.33
Current: 4.72

During the past years, Bera Holding AS's highest Cyclically Adjusted PB Ratio was 5.33. The lowest was 2.60. And the median was 3.74.

IST:BERA's Cyclically Adjusted PB Ratio is ranked worse than
91.67% of 432 companies
in the Conglomerates industry
Industry Median: 0.97 vs IST:BERA: 4.72

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.

Bera Holding AS's adjusted book value per share data for the three months ended in Sep. 2023 was ₺12.485. 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 ₺3.98 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bera Holding AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bera Holding AS'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.

Bera Holding AS Cyclically Adjusted PB Ratio Chart

Bera Holding AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.84

Bera Holding AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3.45 4.84 3.37 3.11 4.30

Competitive Comparison of Bera Holding AS's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Bera Holding AS'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.


Bera Holding AS's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Bera Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bera Holding AS 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.

Bera Holding AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.25/3.98
=4.84

* 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.

Bera Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Bera Holding AS's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=12.485/129.8595*129.8595
=12.485

Current CPI (Sep. 2023) = 129.8595.

Bera Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.995 98.326 1.314
201403 1.004 99.695 1.308
201406 1.730 100.560 2.234
201409 1.707 100.428 2.207
201412 1.623 99.070 2.127
201503 1.605 99.621 2.092
201506 1.617 100.684 2.086
201509 1.659 100.392 2.146
201512 1.629 99.792 2.120
201603 1.631 100.470 2.108
201606 1.625 101.688 2.075
201609 1.661 101.861 2.118
201612 1.635 101.863 2.084
201703 1.750 102.862 2.209
201706 1.792 103.349 2.252
201709 1.812 104.136 2.260
201712 1.851 104.011 2.311
201803 1.902 105.290 2.346
201806 2.239 106.317 2.735
201809 2.310 106.507 2.816
201812 2.330 105.998 2.855
201903 2.317 107.251 2.805
201906 2.424 108.070 2.913
201909 2.418 108.329 2.899
201912 2.399 108.420 2.873
202003 2.438 108.902 2.907
202006 2.656 108.767 3.171
202009 2.969 109.815 3.511
202012 3.399 109.897 4.016
202103 3.483 111.754 4.047
202106 3.676 114.631 4.164
202109 3.737 115.734 4.193
202112 5.290 117.630 5.840
202203 5.404 121.301 5.785
202206 7.229 125.017 7.509
202209 8.068 125.227 8.366
202212 11.286 125.222 11.704
202303 11.590 127.348 11.819
202306 12.258 128.729 12.366
202309 12.485 129.860 12.485

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.


Bera Holding AS  (IST:BERA) 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.


Bera Holding AS Cyclically Adjusted PB Ratio Related Terms

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


Bera Holding AS (IST:BERA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Nisantasi Mah Dr. M. Hulusi Baybal Cd Bera Is, Merkezi Number 12, Selcuklu, Konya, TUR
Bera Holding AS is a Turkey-based company active in multiple businesses. It is engaged in various sectors comprising of Machine, Oil, Marble, Paper-Cardboard, Construction, and Building Materials, Textile, Tourism, and Food.

Bera Holding AS (IST:BERA) Headlines

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