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Barloworld (JSE:BAW) Cyclically Adjusted PB Ratio : 0.73 (As of May. 05, 2024)


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What is Barloworld Cyclically Adjusted PB Ratio?

As of today (2024-05-05), Barloworld's current share price is R87.61. Barloworld's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 was R120.55. Barloworld's Cyclically Adjusted PB Ratio for today is 0.73.

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

JSE:BAW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.99   Max: 1.82
Current: 0.73

During the past 13 years, Barloworld's highest Cyclically Adjusted PB Ratio was 1.82. The lowest was 0.47. And the median was 0.99.

JSE:BAW's Cyclically Adjusted PB Ratio is ranked better than
76.56% of 657 companies
in the Business Services industry
Industry Median: 1.54 vs JSE:BAW: 0.73

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.

Barloworld's adjusted book value per share data of for the fiscal year that ended in Sep23 was R89.111. 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 R120.55 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barloworld Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Barloworld'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.

Barloworld Cyclically Adjusted PB Ratio Chart

Barloworld Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.51 0.96 0.66 0.72

Barloworld Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 0.96 - 0.66 - 0.72

Competitive Comparison of Barloworld's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Barloworld'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.


Barloworld's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Barloworld's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Barloworld 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.

Barloworld's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=87.61/120.55
=0.73

* 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.

Barloworld's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Barloworld's adjusted Book Value per Share data for the fiscal year that ended in Sep23 was:

Adj_Book=Book Value per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=89.111/151.5022*151.5022
=89.111

Current CPI (Sep23) = 151.5022.

Barloworld Annual Data

Book Value per Share CPI Adj_Book
201409 72.990 96.794 114.245
201509 85.675 101.154 128.319
201609 89.774 107.694 126.293
201709 96.265 112.926 129.150
201809 105.304 118.376 134.772
201909 111.061 123.281 136.485
202009 97.840 126.878 116.829
202109 108.042 133.273 122.820
202209 101.874 143.671 107.427
202309 89.111 151.502 89.111

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.


Barloworld  (JSE:BAW) 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.


Barloworld Cyclically Adjusted PB Ratio Related Terms

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


Barloworld (JSE:BAW) Business Description

Traded in Other Exchanges
Address
61 Katherine Street, PO Box 782248, Sandton, Johannesburg, GT, ZAF, 2146
Barloworld Ltd is as an industrial processing, distribution and services company with two primary areas of focus: Industrial Equipment and Services and Consumer Industries (food and ingredient solutions). Industrial Equipment and related services, offers earthmoving equipment, industrial services and power systems, which enable the operation and maintenance of a large array of mining, construction and power solutions. Consumer Industries business provide large enterprises with the ingredients essential to the manufacturing of a range of products including food and beverages, paper, pharmaceuticals, building materials and adhesives, among others.

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