Kron Teknoloji AS (IST:KRONT) Cyclically Adjusted PB Ratio : 28.73 (As of Jun. 20, 2024)

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What is Kron Teknoloji AS Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Kron Teknoloji AS's current share price is ₺22.70. Kron Teknoloji AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺0.79. Kron Teknoloji AS's Cyclically Adjusted PB Ratio for today is 28.73.

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

IST:KRONT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.86 Med: 17.66 Max: 43.05
Current: 28.57

During the past years, Kron Teknoloji AS's highest Cyclically Adjusted PB Ratio was 43.05. The lowest was 8.86. And the median was 17.66.

IST:KRONT's Cyclically Adjusted PB Ratio is ranked worse than
97.4% of 1425 companies
in the Software industry
Industry Median: 2.52 vs IST:KRONT: 28.57

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.

Kron Teknoloji AS's adjusted book value per share data for the three months ended in Dec. 2023 was ₺3.652. 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 ₺0.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Kron Teknoloji AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kron Teknoloji 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.

Kron Teknoloji AS Cyclically Adjusted PB Ratio Chart

Kron Teknoloji AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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18.77

15.43

35.77

16.62

Kron Teknoloji AS 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															35.77	17.67	16.66	22.53	16.62

Competitive Comparison of Kron Teknoloji AS's Cyclically Adjusted PB Ratio

For the Software - Infrastructure subindustry, Kron Teknoloji 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.

Kron Teknoloji AS's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Kron Teknoloji AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

Kron Teknoloji 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.

Kron Teknoloji AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	22.70	/	0.79
	=	28.73

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

For example, Kron Teknoloji AS'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)
	=	3.652	/	129.4194	*	129.4194
	=	3.652

Current CPI (Dec. 2023) = 129.4194.

Kron Teknoloji AS Quarterly Data

	Book Value per Share	CPI	Adj_Book
201403	0.141	99.695	0.183
201406	0.140	100.560	0.180
201409	0.144	100.428	0.186
201412	0.166	99.070	0.217
201503	0.180	99.621	0.234
201506	0.185	100.684	0.238
201509	0.206	100.392	0.266
201512	0.242	99.792	0.314
201603	0.247	100.470	0.318
201606	0.252	101.688	0.321
201609	0.278	101.861	0.353
201612	0.394	101.863	0.501
201703	0.400	102.862	0.503
201706	0.374	103.349	0.468
201709	0.385	104.136	0.478
201712	0.465	104.011	0.579
201803	0.440	105.290	0.541
201806	0.475	106.317	0.578
201809	0.488	106.507	0.593
201812	0.504	105.998	0.615
201903	0.514	107.251	0.620
201906	0.538	108.070	0.644
201909	0.528	108.329	0.631
201912	0.625	108.420	0.746
202003	0.627	108.902	0.745
202006	0.624	108.767	0.742
202009	0.646	109.815	0.761
202012	0.720	109.897	0.848
202103	0.725	111.754	0.840
202106	0.728	114.631	0.822
202109	0.724	115.734	0.810
202112	0.970	117.630	1.067
202203	0.959	121.301	1.023
202206	0.920	125.017	0.952
202209	1.260	125.227	1.302
202212	2.758	125.222	2.850
202303	1.396	127.348	1.419
202306	1.731	128.729	1.740
202309	1.902	129.860	1.896
202312	3.652	129.419	3.652

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.

Kron Teknoloji AS (IST:KRONT) 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.

Kron Teknoloji AS Cyclically Adjusted PB Ratio Related Terms

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Kron Teknoloji AS (IST:KRONT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kron Teknoloji AS (IST:KRONT) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bilkent CyberPark C Blok No: 321 Bilkent, Istanbul, TUR, 34805

Website

https://www.kron.com.tr

Kron Teknoloji AS produces high technology solutions for the operational efficiency and security needs of corporate enterprises in finance, energy and health sectors, particularly in telecommunications. It offers advanced technology software products for the needs of medium and large size enterprises in the areas of service activation, quality assurance systems, ICT (Information and Communication Technology) Access Control Systems, high performance real-time data processing, and next generation security and audit.

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