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Sanoma Oyj (OHEL:SANOMA) Cyclically Adjusted PB Ratio : 1.39 (As of May. 01, 2024)


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What is Sanoma Oyj Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Sanoma Oyj's current share price is €6.82. Sanoma Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €4.90. Sanoma Oyj's Cyclically Adjusted PB Ratio for today is 1.39.

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

OHEL:SANOMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 1.64   Max: 3.08
Current: 1.39

During the past years, Sanoma Oyj's highest Cyclically Adjusted PB Ratio was 3.08. The lowest was 1.27. And the median was 1.64.

OHEL:SANOMA's Cyclically Adjusted PB Ratio is ranked worse than
60.06% of 636 companies
in the Media - Diversified industry
Industry Median: 1.11 vs OHEL:SANOMA: 1.39

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.

Sanoma Oyj's adjusted book value per share data for the three months ended in Dec. 2023 was €4.881. 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 €4.90 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sanoma Oyj Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sanoma Oyj'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.

Sanoma Oyj Cyclically Adjusted PB Ratio Chart

Sanoma Oyj 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 1.60 2.57 2.69 1.95 1.42

Sanoma Oyj Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.95 1.62 1.34 1.41 1.42

Competitive Comparison of Sanoma Oyj's Cyclically Adjusted PB Ratio

For the Publishing subindustry, Sanoma Oyj'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.


Sanoma Oyj's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sanoma Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sanoma Oyj 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.

Sanoma Oyj's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.82/4.9
=1.39

* 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.

Sanoma Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sanoma Oyj's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.881/121.2200*121.2200
=4.881

Current CPI (Dec. 2023) = 121.2200.

Sanoma Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.107 100.174 7.390
201406 5.791 100.147 7.010
201409 5.920 100.726 7.125
201412 5.542 100.229 6.703
201503 5.261 100.120 6.370
201506 5.451 100.030 6.606
201509 5.237 100.130 6.340
201512 4.587 99.990 5.561
201603 4.441 100.080 5.379
201606 4.871 100.390 5.882
201609 5.164 100.540 6.226
201612 4.355 101.020 5.226
201703 2.478 100.910 2.977
201706 2.755 101.140 3.302
201709 3.326 101.320 3.979
201712 3.342 101.510 3.991
201803 2.972 101.730 3.541
201806 3.390 102.320 4.016
201809 3.811 102.600 4.503
201812 3.732 102.710 4.405
201903 3.291 102.870 3.878
201906 3.554 103.360 4.168
201909 3.934 103.540 4.606
201912 3.249 103.650 3.800
202003 2.664 103.490 3.120
202006 2.889 103.320 3.390
202009 4.381 103.710 5.121
202012 4.233 103.890 4.939
202103 4.111 104.870 4.752
202106 3.795 105.360 4.366
202109 4.426 106.290 5.048
202112 4.382 107.490 4.942
202203 4.255 110.950 4.649
202206 3.850 113.570 4.109
202209 4.448 114.920 4.692
202212 4.260 117.320 4.402
202303 4.920 119.750 4.980
202306 4.403 120.690 4.422
202309 5.060 121.280 5.057
202312 4.881 121.220 4.881

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.


Sanoma Oyj  (OHEL:SANOMA) 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.


Sanoma Oyj Cyclically Adjusted PB Ratio Related Terms

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


Sanoma Oyj (OHEL:SANOMA) Business Description

Traded in Other Exchanges
Address
Toolonlahdenkatu 2, Helsinki, FIN, 00100
Sanoma Oyj is an innovative and agile learning and media company. The group publishes magazines and newspapers along with educational learning literature and services. It operates in two segments: Learning and Media Finland. Sanoma's learning products and services enable teachers to develop the talents of every child to reach their full potential. The company offers printed and digital learning content as well as digital learning and teaching platforms for primary, secondary, and vocational education. The Finnish media business of Sanoma provides information, experiences, inspiration, and entertainment via multiple media platforms: newspapers, radio, television, events, magazines, online, and mobile channels. The company's publications include Helsingin Sanomat, IltaSanomat among others.

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