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Note AB (OSTO:NOTE) Cyclically Adjusted PB Ratio : 6.64 (As of Jun. 08, 2024)


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What is Note AB Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Note AB's current share price is kr156.00. Note AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr23.51. Note AB's Cyclically Adjusted PB Ratio for today is 6.64.

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

OSTO:NOTE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.92   Med: 5.62   Max: 16.46
Current: 6.44

During the past years, Note AB's highest Cyclically Adjusted PB Ratio was 16.46. The lowest was 1.92. And the median was 5.62.

OSTO:NOTE's Cyclically Adjusted PB Ratio is ranked worse than
91.63% of 1899 companies
in the Hardware industry
Industry Median: 1.67 vs OSTO:NOTE: 6.44

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.

Note AB's adjusted book value per share data for the three months ended in Mar. 2024 was kr51.753. 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 kr23.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Note AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Note 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.

Note AB Cyclically Adjusted PB Ratio Chart

Note 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 3.57 4.96 16.46 9.86 6.62

Note 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 12.17 11.23 7.42 6.62 6.15

Competitive Comparison of Note AB's Cyclically Adjusted PB Ratio

For the Electronic Components subindustry, Note 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.


Note AB's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Note AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Note 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=156.00/23.51
=6.64

* 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.

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

For example, Note 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)
=51.753/132.2054*132.2054
=51.753

Current CPI (Mar. 2024) = 132.2054.

Note AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.652 100.432 11.389
201409 9.015 100.161 11.899
201412 9.357 100.225 12.343
201503 9.767 99.950 12.919
201506 9.473 99.995 12.524
201509 9.812 100.228 12.942
201512 9.945 100.276 13.112
201603 10.259 100.751 13.462
201606 10.092 101.019 13.208
201609 10.546 101.138 13.786
201612 11.015 102.022 14.274
201703 11.911 102.022 15.435
201706 11.544 102.752 14.853
201709 11.757 103.279 15.050
201712 12.788 103.793 16.289
201803 13.327 103.962 16.948
201806 13.019 104.875 16.412
201809 13.182 105.679 16.491
201812 13.287 105.912 16.586
201903 14.339 105.886 17.903
201906 14.408 106.742 17.845
201909 15.378 107.214 18.963
201912 16.692 107.766 20.477
202003 18.046 106.563 22.388
202006 18.574 107.498 22.843
202009 19.490 107.635 23.939
202012 20.006 108.296 24.423
202103 21.711 108.360 26.489
202106 23.265 108.928 28.237
202109 25.154 110.338 30.139
202112 27.997 112.486 32.905
202203 30.155 114.825 34.719
202206 32.812 118.384 36.643
202209 34.536 122.296 37.334
202212 37.900 126.365 39.652
202303 41.092 127.042 42.762
202306 44.749 129.407 45.717
202309 46.268 130.224 46.972
202312 48.169 131.912 48.276
202403 51.753 132.205 51.753

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.


Note AB  (OSTO:NOTE) 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.


Note AB Cyclically Adjusted PB Ratio Related Terms

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


Note AB (OSTO:NOTE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Note AB (OSTO:NOTE) » Definitions » Cyclically Adjusted PB Ratio
Traded in Other Exchanges
Address
Box 3691, Stockholm, SWE, 103 59
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.