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Spotify Technology (MEX:SPOT N) Cyclically Adjusted PB Ratio : 55.90 (As of Jun. 27, 2025)


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What is Spotify Technology Cyclically Adjusted PB Ratio?

As of today (2025-06-27), Spotify Technology's current share price is MXN14639.59. Spotify Technology's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was MXN261.89. Spotify Technology's Cyclically Adjusted PB Ratio for today is 55.90.

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

MEX:SPOT N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 36.24   Med: 44.26   Max: 61.09
Current: 61.09

During the past 10 years, Spotify Technology's highest Cyclically Adjusted PB Ratio was 61.09. The lowest was 36.24. And the median was 44.26.

MEX:SPOT N's Cyclically Adjusted PB Ratio is ranked worse than
99.09% of 330 companies
in the Interactive Media industry
Industry Median: 1.725 vs MEX:SPOT N: 61.09

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.

Spotify Technology's adjusted book value per share data of for the fiscal year that ended in Dec24 was MXN591.910. 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 MXN261.89 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spotify Technology Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Spotify Technology'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.

Spotify Technology Cyclically Adjusted PB Ratio Chart

Spotify Technology Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 35.29

Spotify Technology Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - - 35.29 -

Competitive Comparison of Spotify Technology's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Spotify Technology'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.


Spotify Technology's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Spotify Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Spotify Technology 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.

Spotify Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14639.59/261.89
=55.90

* 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.

Spotify Technology's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Spotify Technology's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=591.91/132.9872*132.9872
=591.910

Current CPI (Dec24) = 132.9872.

Spotify Technology Annual Data

Book Value per Share CPI Adj_Book
201512 24.082 100.276 31.938
201612 -29.304 102.022 -38.198
201712 31.057 103.793 39.793
201812 258.634 105.912 324.752
201912 231.581 107.766 285.780
202012 356.861 108.296 438.226
202112 255.619 112.486 302.207
202212 256.537 126.365 269.980
202312 236.896 131.912 238.827
202412 591.910 132.987 591.910

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.


Spotify Technology  (MEX:SPOT N) 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.


Spotify Technology Cyclically Adjusted PB Ratio Related Terms

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


Spotify Technology Business Description

Address
Regeringsgatan 19, Stockholm, SWE, 111 53
Spotify is the leading global music streaming service provider, with nearly 700 million monthly active users and over 250 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.

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