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Attock Cement Pakistan (KAR:ACPL) Cyclically Adjusted PB Ratio : 0.77 (As of Jun. 03, 2024)


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What is Attock Cement Pakistan Cyclically Adjusted PB Ratio?

As of today (2024-06-03), Attock Cement Pakistan's current share price is ₨101.95. Attock Cement Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₨132.86. Attock Cement Pakistan's Cyclically Adjusted PB Ratio for today is 0.77.

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

KAR:ACPL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.71   Max: 1.44
Current: 0.77

During the past years, Attock Cement Pakistan's highest Cyclically Adjusted PB Ratio was 1.44. The lowest was 0.44. And the median was 0.71.

KAR:ACPL's Cyclically Adjusted PB Ratio is ranked better than
66.45% of 310 companies
in the Building Materials industry
Industry Median: 1.09 vs KAR:ACPL: 0.77

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.

Attock Cement Pakistan's adjusted book value per share data for the three months ended in Mar. 2024 was ₨155.554. 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 ₨132.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Attock Cement Pakistan Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Attock Cement Pakistan'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.

Attock Cement Pakistan Cyclically Adjusted PB Ratio Chart

Attock Cement Pakistan Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.58 0.66

Attock Cement Pakistan 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 0.47 0.66 0.66 0.75 0.71

Competitive Comparison of Attock Cement Pakistan's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, Attock Cement Pakistan'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.


Attock Cement Pakistan's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Attock Cement Pakistan's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Attock Cement Pakistan 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.

Attock Cement Pakistan's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=101.95/132.86
=0.77

* 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.

Attock Cement Pakistan's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Attock Cement Pakistan'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)
=155.554/131.7762*131.7762
=155.554

Current CPI (Mar. 2024) = 131.7762.

Attock Cement Pakistan Quarterly Data

Book Value per Share CPI Adj_Book
201406 61.458 100.560 80.536
201409 56.548 100.428 74.199
201412 60.582 99.070 80.582
201503 61.337 99.621 81.135
201506 65.017 100.684 85.095
201509 59.770 100.392 78.455
201512 64.656 99.792 85.378
201603 71.504 100.470 93.784
201606 76.017 101.688 98.509
201609 81.044 101.861 104.846
201612 75.628 101.863 97.837
201703 81.687 102.862 104.649
201706 86.934 103.349 110.846
201709 91.353 104.136 115.601
201712 84.494 104.011 107.049
201803 89.960 105.290 112.590
201806 109.802 106.317 136.096
201809 113.189 106.507 140.044
201812 110.955 105.998 137.939
201903 116.699 107.251 143.385
201906 123.377 108.070 150.442
201909 121.776 108.329 148.133
201912 125.933 108.420 153.062
202003 132.410 108.902 160.223
202006 133.633 108.767 161.902
202009 137.000 109.815 164.398
202012 135.771 109.897 162.802
202103 138.778 111.754 163.641
202106 142.209 114.631 163.478
202109 144.628 115.734 164.675
202112 146.828 117.630 164.486
202203 148.066 121.301 160.853
202206 154.523 125.017 162.878
202209 156.062 125.227 164.224
202212 162.998 125.222 171.530
202303 166.984 127.348 172.791
202306 185.463 128.729 189.854
202309 149.259 129.860 151.462
202312 156.564 129.419 159.415
202403 155.554 131.776 155.554

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.


Attock Cement Pakistan  (KAR:ACPL) 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.


Attock Cement Pakistan Cyclically Adjusted PB Ratio Related Terms

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


Attock Cement Pakistan (KAR:ACPL) Business Description

Traded in Other Exchanges
N/A
Address
Kehkashan-5, D-70, Block-4, Clifton, Karachi, SD, PAK, 75600
Attock Cement Pakistan Ltd is engaged in the business of producing and marketing of cement. Its product offering includes Falcon Ordinary Portland cement, Falcon Sulphate resistant cement, Falcon Rock Cement, and Falcon Block cement.

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