GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Smurfit Kappa Group PLC (OTCPK:SMFKY) » Definitions » Cyclically Adjusted PB Ratio

Smurfit Kappa Group (Smurfit Kappa Group) Cyclically Adjusted PB Ratio : 2.80 (As of Jun. 08, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Smurfit Kappa Group Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Smurfit Kappa Group's current share price is $47.15. Smurfit Kappa Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $16.84. Smurfit Kappa Group's Cyclically Adjusted PB Ratio for today is 2.80.

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

SMFKY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.13   Med: 2.82   Max: 4.57
Current: 2.89

During the past 13 years, Smurfit Kappa Group's highest Cyclically Adjusted PB Ratio was 4.57. The lowest was 2.13. And the median was 2.82.

SMFKY's Cyclically Adjusted PB Ratio is ranked worse than
80% of 305 companies
in the Packaging & Containers industry
Industry Median: 1.24 vs SMFKY: 2.89

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.

Smurfit Kappa Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was $23.288. 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 $16.84 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Smurfit Kappa Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Smurfit Kappa Group'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.

Smurfit Kappa Group Cyclically Adjusted PB Ratio Chart

Smurfit Kappa Group 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 3.33 3.52 4.00 2.49 2.32

Smurfit Kappa Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 4.00 - 2.49 - 2.32

Competitive Comparison of Smurfit Kappa Group's Cyclically Adjusted PB Ratio

For the Packaging & Containers subindustry, Smurfit Kappa Group'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.


Smurfit Kappa Group's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Smurfit Kappa Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Smurfit Kappa Group's Cyclically Adjusted PB Ratio falls into.



Smurfit Kappa Group 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.

Smurfit Kappa Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.15/16.84
=2.80

* 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.

Smurfit Kappa Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Smurfit Kappa Group's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=23.288/120.7486*120.7486
=23.288

Current CPI (Dec23) = 120.7486.

Smurfit Kappa Group Annual Data

Book Value per Share CPI Adj_Book
201412 11.830 99.576 14.345
201512 10.099 99.676 12.234
201612 10.395 99.676 12.593
201712 12.531 100.075 15.120
201812 13.232 100.773 15.855
201912 13.788 102.068 16.311
202012 17.778 101.072 21.239
202112 19.102 106.653 21.627
202212 20.550 115.436 21.496
202312 23.288 120.749 23.288

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.


Smurfit Kappa Group  (OTCPK:SMFKY) 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.


Smurfit Kappa Group Cyclically Adjusted PB Ratio Related Terms

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


Smurfit Kappa Group (Smurfit Kappa Group) Business Description

Traded in Other Exchanges
Address
Beech Hill, Clonskeagh, Dublin 4, IRL, D04 N2R2
Smurfit Kappa Group PLC manufactures and sells paper-based packaging products. The company owns mills that produce containerboard, which is then shipped to the company's plants, where it is converted into corrugated packaging products. The packaging products include solid board, sack kraft paper, and folding cartons. The firm organizes itself into two segments based on geography: Europe and the Americas. The Europe segment generates the majority of the revenue. The Americas segment owns forestland in Latin America, where Smurfit Kappa harvests timber for its mills.

Smurfit Kappa Group (Smurfit Kappa Group) Headlines