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Net Holding AS (IST:NTHOL) Cyclically Adjusted PB Ratio : 1.50 (As of Jun. 17, 2024)


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What is Net Holding AS Cyclically Adjusted PB Ratio?

As of today (2024-06-17), Net Holding AS's current share price is ₺33.20. Net Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺22.20. Net Holding AS's Cyclically Adjusted PB Ratio for today is 1.50.

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

IST:NTHOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.49   Max: 1.53
Current: 1.5

During the past years, Net Holding AS's highest Cyclically Adjusted PB Ratio was 1.53. The lowest was 0.15. And the median was 0.49.

IST:NTHOL's Cyclically Adjusted PB Ratio is ranked worse than
53.14% of 621 companies
in the Travel & Leisure industry
Industry Median: 1.36 vs IST:NTHOL: 1.50

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.

Net Holding AS's adjusted book value per share data for the three months ended in Dec. 2023 was ₺71.398. 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 ₺22.20 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Net Holding AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Net 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.

Net Holding AS Cyclically Adjusted PB Ratio Chart

Net Holding AS 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 0.34 0.30 0.49 0.86 0.87

Net Holding 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 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 0.86 0.64 0.69 1.07 0.87

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

For the Travel Services subindustry, Net 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.


Net Holding AS's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Net 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.20/22.2
=1.50

* 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.

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

For example, Net Holding 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)
=71.398/129.4194*129.4194
=71.398

Current CPI (Dec. 2023) = 129.4194.

Net Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.124 99.695 2.757
201406 2.128 100.560 2.739
201409 2.483 100.428 3.200
201412 2.925 99.070 3.821
201503 3.342 99.621 4.342
201506 3.346 100.684 4.301
201509 3.314 100.392 4.272
201512 4.484 99.792 5.815
201603 4.425 100.470 5.700
201606 4.272 101.688 5.437
201609 4.483 101.861 5.696
201612 4.280 101.863 5.438
201703 6.319 102.862 7.950
201706 3.486 103.349 4.365
201709 6.932 104.136 8.615
201712 15.428 104.011 19.197
201803 15.056 105.290 18.506
201806 16.740 106.317 20.378
201809 17.822 106.507 21.656
201812 30.168 105.998 36.834
201903 29.613 107.251 35.734
201906 29.656 108.070 35.515
201909 34.175 108.329 40.828
201912 39.483 108.420 47.130
202003 47.974 108.902 57.013
202006 46.835 108.767 55.728
202009 44.633 109.815 52.601
202012 11.818 109.897 13.917
202103 11.362 111.754 13.158
202106 10.897 114.631 12.303
202109 10.297 115.734 11.515
202112 20.981 117.630 23.084
202203 20.831 121.301 22.225
202206 20.786 125.017 21.518
202209 20.725 125.227 21.419
202212 58.698 125.222 60.666
202303 33.528 127.348 34.073
202306 32.920 128.729 33.097
202309 34.050 129.860 33.935
202312 71.398 129.419 71.398

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.


Net Holding AS  (IST:NTHOL) 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.


Net Holding AS Cyclically Adjusted PB Ratio Related Terms

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


Net Holding AS (IST:NTHOL) Business Description

Traded in Other Exchanges
N/A
Address
Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.

Net Holding AS (IST:NTHOL) Headlines

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