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Sky Deutschland AG (LTS:0QXE) Cyclically Adjusted PB Ratio : (As of May. 22, 2024)


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What is Sky Deutschland AG Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sky Deutschland AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sky Deutschland AG'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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Sky Deutschland AG Cyclically Adjusted PB Ratio Chart

Sky Deutschland AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PB Ratio
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Sky Deutschland AG Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
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Competitive Comparison of Sky Deutschland AG's Cyclically Adjusted PB Ratio

For the Broadcasting subindustry, Sky Deutschland AG'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.


Sky Deutschland AG's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sky Deutschland AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sky Deutschland AG 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.

Sky Deutschland AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec13 is calculated as:

For example, Sky Deutschland AG's adjusted Book Value per Share data for the fiscal year that ended in Dec13 was:

Adj_Book=Book Value per Share/CPI of Dec13 (Change)*Current CPI (Dec13)
=0.38/99.3560*99.3560
=0.380

Current CPI (Dec13) = 99.3560.

Sky Deutschland AG Annual Data

Book Value per Share CPI Adj_Book
200412 7.950 85.922 9.193
200512 10.002 87.135 11.405
200612 7.766 88.348 8.734
200712 11.069 91.146 12.066
200812 6.859 92.173 7.394
200912 1.225 92.919 1.310
201012 0.576 94.132 0.608
201112 0.126 95.998 0.130
201212 0.055 97.957 0.056
201312 0.380 99.356 0.380

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.


Sky Deutschland AG  (LTS:0QXE) 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.


Sky Deutschland AG Cyclically Adjusted PB Ratio Related Terms

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Sky Deutschland AG (LTS:0QXE) Business Description

Traded in Other Exchanges
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Address
Sky Deutschland AG is a Germany-based holding company established in 2002. The Company along with its subsidiaries operates a pay-TV business in Germany and Austria under the Sky trademark. The Company's package includes: Sky Welt Package, Fußball Bundesliga Package, Premium Bundesliga HD channels, Sport Package, Premium Sport HD Channels, Film Package and Premium Film HD Channels. The Company is also engaged in the purchase, sale and distribution of rights to films, series and TV productions, the acquisition, sale and distribution of broadcasting rights for public events, the arrangement of program magazine subscriptions, and other activities associated with the operation of the pay-TV business. The Company's services includes: Sky Go, Sky+, Sky Anytime, and Sky Home. Its offers channels of various genres, which includes; Sky Sports News HD, Sky Cinema HD, Sky Atlantic HD, Sky Sport HD, Sky Bundesliga and Sky Select HD. The Company competes with platform operators offering both pay-TV packages and VoD services. It also competes with over-the-top players who provide video-on-demand and subscription-video-on-demand entertainment via the Internet.

Sky Deutschland AG (LTS:0QXE) Headlines

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