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KION GROUP AG (MIL:1KGX) Cyclically Adjusted PB Ratio : 0.97 (As of Dec. 13, 2024)


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What is KION GROUP AG Cyclically Adjusted PB Ratio?

As of today (2024-12-13), KION GROUP AG's current share price is €35.55. KION GROUP AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €36.65. KION GROUP AG's Cyclically Adjusted PB Ratio for today is 0.97.

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

MIL:1KGX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.73   Max: 5.17
Current: 1.01

During the past years, KION GROUP AG's highest Cyclically Adjusted PB Ratio was 5.17. The lowest was 0.69. And the median was 1.73.

MIL:1KGX's Cyclically Adjusted PB Ratio is ranked better than
74.37% of 160 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.825 vs MIL:1KGX: 1.01

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.

KION GROUP AG's adjusted book value per share data for the three months ended in Sep. 2024 was €45.068. 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 €36.65 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


KION GROUP AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for KION GROUP 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.

KION GROUP AG Cyclically Adjusted PB Ratio Chart

KION GROUP AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.12 4.29 4.38 0.93 1.18

KION GROUP AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.13 1.18 1.45 1.13 1.00

Competitive Comparison of KION GROUP AG's Cyclically Adjusted PB Ratio

For the Farm & Heavy Construction Machinery subindustry, KION GROUP 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.


KION GROUP AG's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



KION GROUP 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.55/36.65
=0.97

* 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.

KION GROUP AG's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, KION GROUP AG's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=45.068/126.1978*126.1978
=45.068

Current CPI (Sep. 2024) = 126.1978.

KION GROUP AG Quarterly Data

Book Value per Share CPI Adj_Book
201412 16.511 99.543 20.932
201503 16.343 99.717 20.683
201506 17.561 100.417 22.070
201509 17.725 100.417 22.276
201512 18.515 99.717 23.432
201603 18.094 100.017 22.830
201606 16.920 100.717 21.201
201609 19.621 101.017 24.512
201612 21.364 101.217 26.637
201703 23.351 101.417 29.057
201706 25.050 102.117 30.957
201709 25.391 102.717 31.195
201712 25.158 102.617 30.939
201803 25.352 102.917 31.087
201806 25.623 104.017 31.087
201809 26.540 104.718 31.984
201812 27.801 104.217 33.664
201903 28.787 104.217 34.858
201906 27.780 105.718 33.162
201909 28.597 106.018 34.040
201912 30.031 105.818 35.815
202003 0.000 105.718 0.000
202006 29.657 106.618 35.103
202009 29.331 105.818 34.980
202012 32.680 105.518 39.085
202103 35.693 107.518 41.894
202106 36.413 108.486 42.358
202109 37.973 109.435 43.790
202112 39.488 110.384 45.145
202203 41.796 113.968 46.281
202206 42.883 115.760 46.749
202209 43.813 118.818 46.534
202212 42.773 119.345 45.229
202303 43.102 122.402 44.438
202306 43.183 123.140 44.255
202309 44.564 124.195 45.283
202312 43.979 123.773 44.841
202403 45.282 125.038 45.702
202406 45.371 125.882 45.485
202409 45.068 126.198 45.068

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.


KION GROUP AG  (MIL:1KGX) 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.


KION GROUP AG Cyclically Adjusted PB Ratio Related Terms

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


KION GROUP AG Business Description

Comparable Companies
Address
Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549
Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.

KION GROUP AG Headlines

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