GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Orion Oyj (OTCPK:ORINF) » Definitions » Cyclically Adjusted PB Ratio

Orion Oyj (Orion Oyj) Cyclically Adjusted PB Ratio : 6.37 (As of Jun. 19, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Orion Oyj Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Orion Oyj's current share price is $38.381. Orion Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.03. Orion Oyj's Cyclically Adjusted PB Ratio for today is 6.37.

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

ORINF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6   Med: 8.63   Max: 12.12
Current: 6.94

During the past years, Orion Oyj's highest Cyclically Adjusted PB Ratio was 12.12. The lowest was 6.00. And the median was 8.63.

ORINF's Cyclically Adjusted PB Ratio is ranked worse than
89.23% of 752 companies
in the Drug Manufacturers industry
Industry Median: 1.84 vs ORINF: 6.94

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.

Orion Oyj's adjusted book value per share data for the three months ended in Mar. 2024 was $5.474. 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 $6.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orion Oyj Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Orion 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.

Orion Oyj Cyclically Adjusted PB Ratio Chart

Orion 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 10.69 9.21 8.27 10.24 7.32

Orion Oyj Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.26 7.42 7.01 7.32 6.37

Competitive Comparison of Orion Oyj's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - General subindustry, Orion 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.


Orion Oyj's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

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

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



Orion 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38.381/6.03
=6.37

* 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.

Orion Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Orion Oyj's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.474/122.3600*122.3600
=5.474

Current CPI (Mar. 2024) = 122.3600.

Orion Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.482 100.147 5.476
201409 4.722 100.726 5.736
201412 4.513 100.229 5.509
201503 3.088 100.120 3.774
201506 3.674 100.030 4.494
201509 4.025 100.130 4.919
201512 4.602 99.990 5.632
201603 3.753 100.080 4.589
201606 4.183 100.390 5.098
201609 4.705 100.540 5.726
201612 4.816 101.020 5.833
201703 3.764 100.910 4.564
201706 4.398 101.140 5.321
201709 5.040 101.320 6.087
201712 5.722 101.510 6.897
201803 4.544 101.730 5.465
201806 5.832 102.320 6.974
201809 6.111 102.600 7.288
201812 6.251 102.710 7.447
201903 4.872 102.870 5.795
201906 5.146 103.360 6.092
201909 5.582 103.540 6.597
201912 6.164 103.650 7.277
202003 6.623 103.490 7.831
202006 5.691 103.320 6.740
202009 6.381 103.710 7.528
202012 6.334 103.890 7.460
202103 5.326 104.870 6.214
202106 5.987 105.360 6.953
202109 6.220 106.290 7.160
202112 6.012 107.490 6.844
202203 5.012 110.950 5.527
202206 5.638 113.570 6.074
202209 6.852 114.920 7.296
202212 6.861 117.320 7.156
202303 5.554 119.750 5.675
202306 5.928 120.690 6.010
202309 6.390 121.280 6.447
202312 6.916 121.540 6.963
202403 5.474 122.360 5.474

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.


Orion Oyj  (OTCPK:ORINF) 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.


Orion Oyj Cyclically Adjusted PB Ratio Related Terms

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


Orion Oyj (Orion Oyj) Business Description

Address
Orionintie 1, P.O. Box 65, Espoo, FIN, FI-02200
Orion Oyj is a globally operating Finnish pharmaceutical company that develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company primarily focuses on treatments for central nervous system disorders, oncology, and respiratory diseases. Orion's customers include specialists and general practitioners, veterinarians, pharmacies, hospitals, and laboratories. Orion mainly serves Finland but also has a presence in other European countries and North America.

Orion Oyj (Orion Oyj) Headlines

From GuruFocus

Q4 2023 Orion Oyj Earnings Call Transcript

By GuruFocus Research 02-14-2024