GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Koza Altin Izletmeleri AS (OTCPK:KOZAY) » Definitions » Cyclically Adjusted PB Ratio

Koza Altin Izletmeleri AS (Koza Altin Izletmeleri AS) Cyclically Adjusted PB Ratio : 8.49 (As of May. 15, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Koza Altin Izletmeleri AS Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Koza Altin Izletmeleri AS's current share price is $6.19524. Koza Altin Izletmeleri AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $0.73. Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio for today is 8.49.

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

KOZAY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.67   Med: 5.49   Max: 17.42
Current: 9.22

During the past years, Koza Altin Izletmeleri AS's highest Cyclically Adjusted PB Ratio was 17.42. The lowest was 3.67. And the median was 5.49.

KOZAY's Cyclically Adjusted PB Ratio is ranked worse than
96.1% of 1616 companies
in the Metals & Mining industry
Industry Median: 0.855 vs KOZAY: 9.22

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.

Koza Altin Izletmeleri AS's adjusted book value per share data for the three months ended in Dec. 2023 was $2.214. 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 $0.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koza Altin Izletmeleri AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Koza Altin Izletmeleri 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.

Koza Altin Izletmeleri AS Cyclically Adjusted PB Ratio Chart

Koza Altin Izletmeleri AS Annual Data
Trend Dec13 Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.10 5.13 4.44 15.15 8.53

Koza Altin Izletmeleri 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 15.15 11.38 12.28 13.46 8.53

Competitive Comparison of Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio

For the Gold subindustry, Koza Altin Izletmeleri 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.


Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio falls into.



Koza Altin Izletmeleri 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.

Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.19524/0.73
=8.49

* 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.

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

For example, Koza Altin Izletmeleri 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)
=2.214/129.4194*129.4194
=2.214

Current CPI (Dec. 2023) = 129.4194.

Koza Altin Izletmeleri AS Quarterly Data

Book Value per Share CPI Adj_Book
201309 2.491 98.790 3.263
201312 2.561 98.326 3.371
201403 2.364 99.695 3.069
201406 2.608 100.560 3.356
201409 2.433 100.428 3.135
201412 2.543 99.070 3.322
201503 2.179 99.621 2.831
201506 2.163 100.684 2.780
201509 2.082 100.392 2.684
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 2.098 101.863 2.666
201703 0.000 102.862 0.000
201706 2.322 103.349 2.908
201709 2.473 104.136 3.073
201712 2.287 104.011 2.846
201803 2.374 105.290 2.918
201806 2.232 106.317 2.717
201809 1.870 106.507 2.272
201812 2.342 105.998 2.859
201903 2.466 107.251 2.976
201906 2.537 108.070 3.038
201909 2.873 108.329 3.432
201912 3.073 108.420 3.668
202003 3.030 108.902 3.601
202006 3.031 108.767 3.607
202009 2.984 109.815 3.517
202012 3.063 109.897 3.607
202103 3.345 111.754 3.874
202106 3.229 114.631 3.646
202109 3.447 115.734 3.855
202112 2.434 117.630 2.678
202203 2.482 121.301 2.648
202206 2.268 125.017 2.348
202209 1.872 125.227 1.935
202212 3.895 125.222 4.026
202303 2.063 127.348 2.097
202306 1.808 128.729 1.818
202309 1.628 129.860 1.622
202312 2.214 129.419 2.214

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.


Koza Altin Izletmeleri AS  (OTCPK:KOZAY) 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.


Koza Altin Izletmeleri AS Cyclically Adjusted PB Ratio Related Terms

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


Koza Altin Izletmeleri AS (Koza Altin Izletmeleri AS) Business Description

Traded in Other Exchanges
Address
?stanbul Yolu, 10.km, No:310, Bat?kent, Ankara, TUR
Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has over 200 exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. The company owns four operating mines, including an underground mine at Ovacik, a mine in Cukuralan that utilises both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.

Koza Altin Izletmeleri AS (Koza Altin Izletmeleri AS) Headlines

From GuruFocus

UK High Court Victory for Koza Altin in Ipek litigation

By Business Wire Business Wire 03-25-2020