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Brodrene A & O Johansen AS (OCSE:AOJ B) Cyclically Adjusted PB Ratio : 1.80 (As of Jul. 05, 2025)


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What is Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio?

As of today (2025-07-05), Brodrene A & O Johansen AS's current share price is kr88.40. Brodrene A & O Johansen AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr49.15. Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio for today is 1.80.

The historical rank and industry rank for Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

OCSE:AOJ B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 1.91   Max: 4.69
Current: 1.78

During the past years, Brodrene A & O Johansen AS's highest Cyclically Adjusted PB Ratio was 4.69. The lowest was 1.29. And the median was 1.91.

OCSE:AOJ B's Cyclically Adjusted PB Ratio is ranked worse than
65.12% of 129 companies
in the Industrial Distribution industry
Industry Median: 1.17 vs OCSE:AOJ B: 1.78

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.

Brodrene A & O Johansen AS's adjusted book value per share data for the three months ended in Mar. 2025 was kr69.675. 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 kr49.15 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brodrene A & O Johansen 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.

Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio Chart

Brodrene A & O Johansen AS 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 2.49 4.64 2.27 1.69 1.66

Brodrene A & O Johansen AS 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 1.75 1.74 1.92 1.66 1.69

Competitive Comparison of Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio

For the Industrial Distribution subindustry, Brodrene A & O Johansen 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.


Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio falls into.


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Brodrene A & O Johansen 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.

Brodrene A & O Johansen AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=88.40/49.15
=1.80

* 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.

Brodrene A & O Johansen AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Brodrene A & O Johansen AS'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)
=69.675/120.2000*120.2000
=69.675

Current CPI (Mar. 2025) = 120.2000.

Brodrene A & O Johansen AS Quarterly Data

Book Value per Share CPI Adj_Book
201412 18.978 99.400 22.949
201503 19.337 100.200 23.197
201506 19.688 100.300 23.594
201509 20.189 100.200 24.219
201512 20.780 99.800 25.028
201606 13.585 100.600 16.232
201612 35.505 100.300 42.549
201703 0.000 101.200 0.000
201706 28.689 101.200 34.075
201709 0.000 101.800 0.000
201712 29.677 101.300 35.214
201803 29.995 101.700 35.451
201806 31.331 102.300 36.813
201809 32.622 102.400 38.293
201812 34.240 102.100 40.310
201903 34.909 102.900 40.778
201906 36.278 102.900 42.377
201909 37.631 102.900 43.958
201912 39.380 102.900 46.001
202003 40.238 103.300 46.821
202006 42.292 103.200 49.259
202009 44.042 103.500 51.148
202012 46.618 103.400 54.192
202103 47.598 104.300 54.854
202106 50.429 105.000 57.729
202109 53.132 105.800 60.364
202112 56.106 106.600 63.264
202203 53.317 109.900 58.314
202206 56.497 113.600 59.779
202209 61.266 116.400 63.266
202212 65.183 115.900 67.601
202303 61.553 117.300 63.075
202306 63.472 116.400 65.544
202309 65.930 117.400 67.502
202312 68.323 116.700 70.372
202403 64.836 118.400 65.822
202406 66.111 118.500 67.059
202409 68.323 118.900 69.070
202412 71.148 118.900 71.926
202503 69.675 120.200 69.675

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.


Brodrene A & O Johansen AS  (OCSE:AOJ B) 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.


Brodrene A & O Johansen AS Cyclically Adjusted PB Ratio Related Terms

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Brodrene A & O Johansen AS Business Description

Traded in Other Exchanges
Address
Rorvang 3, Albertslund, DNK, 2620
Brodrene A & O Johansen AS is a distributor of industrial products in Denmark. It provides technical installation materials and supplies to the construction industry in Denmark. Its products include heating plumbing and sanitary ware products, electrical equipment and components, water supply and drainage products. Its clients comprise of plumbers, electricians, building contractors, sewer contractors, construction companies, municipalities, utilities and public institutions. The company follows three sales channels, which are AO Stores, which cater to the local market; Online trading, which offers products through its website and mobile application and competency centers where customers may place orders and get advice and direction as well as offers over the phone.

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