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Merko Gidanayi Ve Ticaret AS (IST:MERKO) Cyclically Adjusted PB Ratio : 5.95 (As of Jun. 24, 2024)


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What is Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio?

As of today (2024-06-24), Merko Gidanayi Ve Ticaret AS's current share price is ₺12.91. Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₺2.17. Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is 5.95.

The historical rank and industry rank for Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:MERKO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 3.17   Max: 33.06
Current: 6

During the past years, Merko Gidanayi Ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 33.06. The lowest was 0.81. And the median was 3.17.

IST:MERKO's Cyclically Adjusted PB Ratio is ranked worse than
90.37% of 1371 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs IST:MERKO: 6.00

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.

Merko Gidanayi Ve Ticaret AS's adjusted book value per share data for the three months ended in Mar. 2024 was ₺6.947. 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 ₺2.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Merko Gidanayi Ve Ticaret 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.

Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Merko Gidanayi Ve Ticaret AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Jun20 Jun21 Jun22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.45 2.16 3.64 2.01

Merko Gidanayi Ve Ticaret AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.25 2.91 4.95 3.92 5.94

Competitive Comparison of Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Merko Gidanayi Ve Ticaret 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.


Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.



Merko Gidanayi Ve Ticaret 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.

Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.91/2.17
=5.95

* 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.

Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Merko Gidanayi Ve Ticaret AS's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.947/131.7762*131.7762
=6.947

Current CPI (Mar. 2024) = 131.7762.

Merko Gidanayi Ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.784 100.560 2.338
201409 1.775 100.428 2.329
201412 1.705 99.070 2.268
201503 1.653 99.621 2.187
201506 1.706 100.684 2.233
201509 1.707 100.392 2.241
201512 1.741 99.792 2.299
201603 1.717 100.470 2.252
201606 1.752 101.688 2.270
201609 1.640 101.861 2.122
201612 1.900 101.863 2.458
201703 1.704 102.862 2.183
201706 1.715 103.349 2.187
201709 1.333 104.136 1.687
201712 0.976 104.011 1.237
201803 0.886 105.290 1.109
201806 0.539 106.317 0.668
201809 0.477 106.507 0.590
201812 1.031 105.998 1.282
201903 1.022 107.251 1.256
201906 0.747 108.070 0.911
201909 0.575 108.329 0.699
201912 0.673 108.420 0.818
202003 0.585 108.902 0.708
202006 0.477 108.767 0.578
202009 0.667 109.815 0.800
202012 0.981 109.897 1.176
202103 1.291 111.754 1.522
202106 1.994 114.631 2.292
202109 2.010 115.734 2.289
202112 2.286 117.630 2.561
202203 2.293 121.301 2.491
202206 3.375 125.017 3.557
202209 3.584 125.227 3.771
202212 3.820 125.222 4.020
202303 3.641 127.348 3.768
202306 3.424 128.729 3.505
202309 3.520 129.860 3.572
202312 3.559 129.419 3.624
202403 6.947 131.776 6.947

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.


Merko Gidanayi Ve Ticaret AS  (IST:MERKO) 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.


Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms

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


Merko Gidanayi Ve Ticaret AS (IST:MERKO) Business Description

Traded in Other Exchanges
N/A
Address
Balmumcu Mah. Mustafa Izzet Efendi Sk. No: 9, K:2 Besiktas, Istanbul, TUR
Merko Gida Sanayi Ve Ticaret AS is engaged in the manufacture and exporter of frozen fruits, vegetables, and tomato. The company's products are categorized as tomato paste, aseptic diced tomato, and tomato juice concentrate.

Merko Gidanayi Ve Ticaret AS (IST:MERKO) Headlines

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