GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Johnson Matthey PLC (OTCPK:JMPLF) » Definitions » Cyclically Adjusted PB Ratio

JMPLF (Johnson Matthey) Cyclically Adjusted PB Ratio : 1.07 (As of May. 30, 2025)


View and export this data going back to . Start your Free Trial

What is Johnson Matthey Cyclically Adjusted PB Ratio?

As of today (2025-05-30), Johnson Matthey's current share price is $22.30. Johnson Matthey's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 was $20.82. Johnson Matthey's Cyclically Adjusted PB Ratio for today is 1.07.

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

JMPLF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 2.74   Max: 4.67
Current: 1.12

During the past 13 years, Johnson Matthey's highest Cyclically Adjusted PB Ratio was 4.67. The lowest was 0.76. And the median was 2.74.

JMPLF's Cyclically Adjusted PB Ratio is ranked better than
62.26% of 1142 companies
in the Chemicals industry
Industry Median: 1.58 vs JMPLF: 1.12

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.

Johnson Matthey's adjusted book value per share data of for the fiscal year that ended in Mar25 was $17.720. 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 $20.82 for the trailing ten years ended in Mar25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Johnson Matthey Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Johnson Matthey'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.

Johnson Matthey Cyclically Adjusted PB Ratio Chart

Johnson Matthey Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.63 1.50 1.41 1.21 0.86

Johnson Matthey Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
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 1.41 - 1.21 - 0.86

Competitive Comparison of Johnson Matthey's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Johnson Matthey'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.


Johnson Matthey's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Johnson Matthey's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Johnson Matthey's Cyclically Adjusted PB Ratio falls into.


;
;

Johnson Matthey 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.

Johnson Matthey's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.30/20.82
=1.07

* 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.

Johnson Matthey's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar25 is calculated as:

For example, Johnson Matthey's adjusted Book Value per Share data for the fiscal year that ended in Mar25 was:

Adj_Book=Book Value per Share/CPI of Mar25 (Change)*Current CPI (Mar25)
=17.72/136.1000*136.1000
=17.720

Current CPI (Mar25) = 136.1000.

Johnson Matthey Annual Data

Book Value per Share CPI Adj_Book
201603 13.640 100.400 18.490
201703 14.270 102.700 18.911
201803 17.168 105.100 22.232
201903 17.775 107.000 22.609
202003 18.059 108.600 22.632
202103 19.242 109.700 23.873
202203 17.347 116.500 20.265
202303 16.796 126.800 18.028
202403 16.487 131.600 17.051
202503 17.720 136.100 17.720

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.


Johnson Matthey  (OTCPK:JMPLF) 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.


Johnson Matthey Cyclically Adjusted PB Ratio Related Terms

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


Johnson Matthey Business Description

Traded in Other Exchanges
Address
25 Farringdon Street, 5th Floor, London, GBR, EC4A 4AB
Johnson Matthey PLC is engaged in the production of emissions catalysts for automobiles and trucks. The company also manufactures industrial catalysts for the chemicals and oil and gas sectors and a variety of other industrial products derived from platinum-group metals. Its segments include Clean Air, PGM Services, Catalyst Technologies, Hydrogen Technologies, and Value Businesses. The company generates maximum revenue from the PGM Services segment. Geographically, the company derives key revenue from the United Kingdom and the rest from the United States of America, Germany, China, and other countries.