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Catena AB (OSTO:CATE) Cyclically Adjusted PB Ratio : 2.05 (As of Jan. 19, 2025)


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What is Catena AB Cyclically Adjusted PB Ratio?

As of today (2025-01-19), Catena AB's current share price is kr465.50. Catena AB's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was kr227.23. Catena AB's Cyclically Adjusted PB Ratio for today is 2.05.

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

OSTO:CATE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.73   Max: 4.95
Current: 2.05

During the past years, Catena AB's highest Cyclically Adjusted PB Ratio was 4.95. The lowest was 1.38. And the median was 2.73.

OSTO:CATE's Cyclically Adjusted PB Ratio is ranked worse than
82.92% of 1370 companies
in the Real Estate industry
Industry Median: 0.7 vs OSTO:CATE: 2.05

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.

Catena AB's adjusted book value per share data for the three months ended in Sep. 2024 was kr374.304. 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 kr227.23 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Catena AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Catena 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.

Catena AB Cyclically Adjusted PB Ratio Chart

Catena 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 4.39 3.72 4.39 2.24 2.28

Catena AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.93 2.28 2.45 2.39 2.55

Competitive Comparison of Catena AB's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Catena 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.


Catena AB's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Catena AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Catena 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=465.50/227.23
=2.05

* 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.

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

For example, Catena AB's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=374.304/132.3043*132.3043
=374.304

Current CPI (Sep. 2024) = 132.3043.

Catena AB Quarterly Data

Book Value per Share CPI Adj_Book
201412 77.217 100.225 101.932
201503 79.885 99.950 105.744
201506 88.749 99.995 117.425
201509 90.792 100.228 119.849
201512 96.459 100.276 127.268
201603 101.368 100.751 133.114
201606 100.311 101.019 131.377
201609 95.432 101.138 124.841
201612 109.132 102.022 141.525
201703 114.057 102.022 147.912
201706 114.516 102.752 147.451
201709 118.820 103.279 152.213
201712 122.857 103.793 156.606
201803 127.780 103.962 162.616
201806 128.486 104.875 162.091
201809 136.667 105.679 171.100
201812 140.821 105.912 175.913
201903 147.413 105.886 184.192
201906 148.708 106.742 184.321
201909 157.894 107.214 194.845
201912 167.592 107.766 205.753
202003 171.764 106.563 213.256
202006 169.655 107.498 208.805
202009 182.457 107.635 224.275
202012 201.343 108.296 245.980
202103 233.673 108.360 285.309
202106 234.263 108.928 284.538
202109 246.781 110.338 295.910
202112 273.002 112.486 321.101
202203 295.269 114.825 340.216
202206 328.869 118.384 367.541
202209 335.065 122.296 362.485
202212 334.714 126.365 350.445
202303 326.034 127.042 339.540
202306 326.593 129.407 333.906
202309 330.484 130.224 335.765
202312 346.348 131.912 347.379
202403 357.736 132.205 358.004
202406 353.490 132.716 352.393
202409 374.304 132.304 374.304

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.


Catena AB  (OSTO:CATE) 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.


Catena AB Cyclically Adjusted PB Ratio Related Terms

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


Catena AB Business Description

Industry
Traded in Other Exchanges
Address
PO Box 5003, Helsingborg, SWE, SE-250 05
Catena AB is a Sweden-based listed property company that, through collaboration sustainably develops, owns, and manages logistics facilities. The company's operating segment includes Gothenburg; Helsingborg; Jonkoping; Malmo and Stockholm. It derives a majority of its revenue from the Stockholm region.

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