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Bayer AG (MIL:1BAYN) Cyclically Adjusted PB Ratio : 0.57 (As of Jun. 03, 2025)


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What is Bayer AG Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Bayer AG's current share price is €25.14. Bayer AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €44.30. Bayer AG's Cyclically Adjusted PB Ratio for today is 0.57.

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

MIL:1BAYN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1.76   Max: 5.77
Current: 0.56

During the past years, Bayer AG's highest Cyclically Adjusted PB Ratio was 5.77. The lowest was 0.43. And the median was 1.76.

MIL:1BAYN's Cyclically Adjusted PB Ratio is ranked better than
84.99% of 693 companies
in the Drug Manufacturers industry
Industry Median: 1.94 vs MIL:1BAYN: 0.56

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.

Bayer AG's adjusted book value per share data for the three months ended in Mar. 2025 was €33.027. 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 €44.30 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bayer AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bayer 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.

* Premium members only.

Bayer AG Cyclically Adjusted PB Ratio Chart

Bayer AG 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 1.42 1.30 1.20 0.79 0.44

Bayer AG 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 0.66 0.61 0.69 0.44 0.50

Competitive Comparison of Bayer AG's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - General subindustry, Bayer 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.


Bayer AG's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bayer AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Bayer 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.

Bayer AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.14/44.30
=0.57

* 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.

Bayer AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Bayer AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=33.027/127.7792*127.7792
=33.027

Current CPI (Mar. 2025) = 127.7792.

Bayer AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 26.534 100.417 33.764
201509 26.754 100.417 34.044
201512 28.876 99.717 37.002
201603 28.113 100.017 35.917
201606 27.036 100.717 34.301
201609 27.840 101.017 35.216
201612 36.097 101.217 45.570
201703 40.005 101.417 50.404
201706 38.855 102.117 48.619
201709 44.980 102.717 55.955
201712 43.794 102.617 54.532
201803 43.964 102.917 54.585
201806 50.556 104.017 62.105
201809 53.879 104.718 65.745
201812 49.212 104.217 60.338
201903 51.375 104.217 62.990
201906 45.577 105.718 55.088
201909 46.787 106.018 56.391
201912 48.098 105.818 58.080
202003 49.479 105.718 59.804
202006 36.343 106.618 43.556
202009 31.887 105.818 38.505
202012 31.069 105.518 37.624
202103 35.207 107.518 41.842
202106 30.933 108.486 36.434
202109 31.659 109.435 36.966
202112 33.611 110.384 38.908
202203 38.107 113.968 42.725
202206 38.699 115.760 42.717
202209 42.010 118.818 45.178
202212 39.467 119.345 42.256
202303 41.595 122.402 43.422
202306 37.609 123.140 39.026
202309 33.977 124.195 34.958
202312 33.516 123.773 34.601
202403 36.242 125.038 37.037
202406 36.325 125.882 36.873
202409 31.106 126.198 31.496
202412 32.479 127.041 32.668
202503 33.027 127.779 33.027

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.


Bayer AG  (MIL:1BAYN) 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.


Bayer AG Cyclically Adjusted PB Ratio Related Terms

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


Bayer AG Business Description

Industry
Address
Kaiser-Wilhelm-Allee 1, Leverkusen, NW, DEU, 51368
Bayer is a German healthcare and agriculture conglomerate. Healthcare provides close to half of the company's sales and includes pharmaceutical drugs as well as vitamins and other consumer healthcare products. The firm's crop science business sells seeds, pesticides, herbicides, and fungicides, which was expanded through its 2018 acquisition of Monsanto.

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