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Pakistan International Airlines (KAR:PIAA) Cyclically Adjusted PB Ratio : (As of Sep. 20, 2024)


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What is Pakistan International Airlines Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan International Airlines Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pakistan International Airlines'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.

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Pakistan International Airlines Cyclically Adjusted PB Ratio Chart

Pakistan International Airlines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
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Pakistan International Airlines Quarterly Data
Jun18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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Competitive Comparison of Pakistan International Airlines's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Pakistan International Airlines'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.


Pakistan International Airlines's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pakistan International Airlines's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pakistan International Airlines 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.

Pakistan International Airlines's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Pakistan International Airlines's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=-97.066/128.7287*128.7287
=-97.066

Current CPI (Jun. 2023) = 128.7287.

Pakistan International Airlines Quarterly Data

Book Value per Share CPI Adj_Book
201212 -27.629 96.871 -36.715
201303 0.000 98.209 0.000
201306 0.000 98.518 0.000
201309 -33.945 98.790 -44.232
201312 -38.003 98.326 -49.754
201403 -39.423 99.695 -50.904
201406 -39.439 100.560 -50.487
201409 -43.658 100.428 -55.961
201412 -49.317 99.070 -64.081
201503 -50.205 99.621 -64.874
201506 -52.572 100.684 -67.216
201509 -29.866 100.392 -38.296
201512 -32.978 99.792 -42.540
201603 -34.371 100.470 -44.038
201609 0.000 101.861 0.000
201612 -36.559 101.863 -46.201
201703 -50.132 102.862 -62.739
201706 0.000 103.349 0.000
201709 -44.506 104.136 -55.017
201712 -44.362 104.011 -54.904
201806 -48.279 106.317 -58.456
201812 -52.866 105.998 -64.203
201903 0.000 107.251 0.000
201906 -58.625 108.070 -69.832
201909 0.000 108.329 0.000
201912 -63.597 108.420 -75.510
202003 -66.066 108.902 -78.094
202006 -69.569 108.767 -82.337
202009 -73.398 109.815 -86.040
202012 -71.934 109.897 -84.261
202103 0.000 111.754 0.000
202106 0.000 114.631 0.000
202109 0.000 115.734 0.000
202112 -79.928 117.630 -87.470
202203 -83.002 121.301 -88.085
202206 -84.896 125.017 -87.417
202209 -90.968 125.227 -93.512
202212 -94.528 125.222 -97.175
202303 -100.410 127.348 -101.499
202306 -97.066 128.729 -97.066

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.


Pakistan International Airlines  (KAR:PIAA) 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.


Pakistan International Airlines Cyclically Adjusted PB Ratio Related Terms

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Pakistan International Airlines Business Description

Traded in Other Exchanges
N/A
Address
PIA Building, Jinnah International Airport, Karachi, PAK, 75200
Pakistan International Airlines Corp Ltd provides commercial air transportation services. It includes passenger, cargo postal carriage, engineering, and other services.

Pakistan International Airlines Headlines

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