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Catella AB (OSTO:CAT A) Cyclically Adjusted PB Ratio : 1.42 (As of Jun. 03, 2024)


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What is Catella AB Cyclically Adjusted PB Ratio?

As of today (2024-06-03), Catella AB's current share price is kr32.20. Catella AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr22.63. Catella AB's Cyclically Adjusted PB Ratio for today is 1.42.

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

OSTO:CAT A' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.72   Max: 2.7
Current: 1.42

During the past years, Catella AB's highest Cyclically Adjusted PB Ratio was 2.70. The lowest was 0.98. And the median was 1.72.

OSTO:CAT A's Cyclically Adjusted PB Ratio is ranked worse than
77.8% of 946 companies
in the Asset Management industry
Industry Median: 0.795 vs OSTO:CAT A: 1.42

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.

Catella AB's adjusted book value per share data for the three months ended in Mar. 2024 was kr23.362. 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 kr22.63 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Catella AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Catella AB'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.

Catella AB Cyclically Adjusted PB Ratio Chart

Catella AB 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 1.82 1.80 2.63 1.65 1.43

Catella AB 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 1.60 1.20 1.19 1.43 1.33

Competitive Comparison of Catella AB's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Catella AB'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.


Catella AB's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Catella AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Catella AB 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.

Catella AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.20/22.63
=1.42

* 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.

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

For example, Catella AB'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)
=23.362/132.2054*132.2054
=23.362

Current CPI (Mar. 2024) = 132.2054.

Catella AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.566 100.432 16.541
201409 12.737 100.161 16.812
201412 14.242 100.225 18.786
201503 14.083 99.950 18.628
201506 14.401 99.995 19.040
201509 15.074 100.228 19.883
201512 16.139 100.276 21.278
201603 16.286 100.751 21.370
201606 18.131 101.019 23.728
201609 18.742 101.138 24.499
201612 19.096 102.022 24.746
201703 19.512 102.022 25.285
201706 19.267 102.752 24.790
201709 19.890 103.279 25.461
201712 21.124 103.793 26.907
201803 19.866 103.962 25.263
201806 18.879 104.875 23.799
201809 18.772 105.679 23.484
201812 17.143 105.912 21.399
201903 19.069 105.886 23.809
201906 17.895 106.742 22.164
201909 17.234 107.214 21.251
201912 17.640 107.766 21.640
202003 18.277 106.563 22.675
202006 15.631 107.498 19.224
202009 17.703 107.635 21.744
202012 18.246 108.296 22.274
202103 19.661 108.360 23.988
202106 17.589 108.928 21.348
202109 17.952 110.338 21.510
202112 19.106 112.486 22.455
202203 19.989 114.825 23.015
202206 22.117 118.384 24.699
202209 23.068 122.296 24.937
202212 24.539 126.365 25.673
202303 24.539 127.042 25.536
202306 25.116 129.407 25.659
202309 23.690 130.224 24.051
202312 22.502 131.912 22.552
202403 23.362 132.205 23.362

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.


Catella AB  (OSTO:CAT A) 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.


Catella AB Cyclically Adjusted PB Ratio Related Terms

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


Catella AB (OSTO:CAT A) Business Description

Traded in Other Exchanges
Address
Birger Jarlsgatan 6, P.O. Box 5894, Stockholm, SWE, SE-102 40
Catella AB is a property specialist that offers qualified advisory services, property funds and carries out principal investments in development projects. The group consists of Property Investment Management (PIM), Principal Investments and Corporate Finance. PIM offers regulated fund products, regional asset management services and project management of real estate developments. Principal Investments makes direct investments and co-investments with partners in real estate projects. Corporate Finance is a European advisor within real estate related corporate finance services such as real estate transactions, M&A, debt and equity capital markets advisory.

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