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Kobenhavns Lufthavne (OCSE:KBHL) Cyclically Adjusted PB Ratio : 15.53 (As of Jun. 03, 2025)


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What is Kobenhavns Lufthavne Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Kobenhavns Lufthavne's current share price is kr6600.00. Kobenhavns Lufthavne's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr424.87. Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio for today is 15.53.

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

OCSE:KBHL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.78   Med: 14.26   Max: 18.99
Current: 15.58

During the past years, Kobenhavns Lufthavne's highest Cyclically Adjusted PB Ratio was 18.99. The lowest was 8.78. And the median was 14.26.

OCSE:KBHL's Cyclically Adjusted PB Ratio is ranked worse than
98.46% of 712 companies
in the Transportation industry
Industry Median: 1.245 vs OCSE:KBHL: 15.58

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.

Kobenhavns Lufthavne's adjusted book value per share data for the three months ended in Mar. 2025 was kr503.823. 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 kr424.87 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kobenhavns Lufthavne Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kobenhavns Lufthavne'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.

Kobenhavns Lufthavne Cyclically Adjusted PB Ratio Chart

Kobenhavns Lufthavne 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 13.70 14.82 14.26 11.30 14.59

Kobenhavns Lufthavne 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 12.64 10.29 9.81 14.59 14.97

Competitive Comparison of Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio

For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.


Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Kobenhavns Lufthavne 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.

Kobenhavns Lufthavne's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6600.00/424.87
=15.53

* 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.

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

For example, Kobenhavns Lufthavne'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)
=503.823/120.2000*120.2000
=503.823

Current CPI (Mar. 2025) = 120.2000.

Kobenhavns Lufthavne Quarterly Data

Book Value per Share CPI Adj_Book
201506 362.615 100.300 434.560
201509 351.848 100.200 422.077
201512 381.193 99.800 459.112
201603 409.264 100.200 490.953
201606 376.414 100.600 449.751
201609 356.116 100.200 427.197
201612 387.118 100.300 463.924
201703 419.432 101.200 498.179
201706 376.580 101.200 447.282
201709 365.979 101.800 432.128
201712 401.682 101.300 476.626
201803 432.148 101.700 510.759
201806 370.578 102.300 435.420
201809 363.366 102.400 426.529
201812 393.259 102.100 462.975
201903 420.273 102.900 490.931
201906 372.617 102.900 435.263
201909 387.984 102.900 453.214
201912 415.227 102.900 485.037
202003 428.096 103.300 498.133
202006 398.293 103.200 463.903
202009 375.229 103.500 435.773
202012 338.812 103.400 393.861
202103 295.528 104.300 340.580
202106 303.772 105.000 347.747
202109 310.206 105.800 352.427
202112 320.464 106.600 361.349
202203 301.223 109.900 329.454
202206 311.544 113.600 329.644
202209 333.970 116.400 344.873
202212 343.654 115.900 356.404
202303 337.283 117.300 345.622
202306 346.585 116.400 357.900
202309 376.911 117.400 385.900
202312 363.405 116.700 374.304
202403 376.019 118.400 381.736
202406 418.068 118.500 424.066
202409 463.812 118.900 468.883
202412 490.953 118.900 496.321
202503 503.823 120.200 503.823

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.


Kobenhavns Lufthavne  (OCSE:KBHL) 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.


Kobenhavns Lufthavne Cyclically Adjusted PB Ratio Related Terms

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


Kobenhavns Lufthavne Business Description

Traded in Other Exchanges
N/A
Address
Lufthavnsboulevarden 6, Kastrup, DNK, 2770
Kobenhavns Lufthavne owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two areas; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.

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