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Alpha Pro Tech (STU:APL) Cyclically Adjusted PB Ratio : 1.51 (As of Jun. 21, 2024)


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What is Alpha Pro Tech Cyclically Adjusted PB Ratio?

As of today (2024-06-21), Alpha Pro Tech's current share price is €5.20. Alpha Pro Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.44. Alpha Pro Tech's Cyclically Adjusted PB Ratio for today is 1.51.

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

STU:APL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.99   Med: 1.7   Max: 9.81
Current: 1.45

During the past years, Alpha Pro Tech's highest Cyclically Adjusted PB Ratio was 9.81. The lowest was 0.99. And the median was 1.70.

STU:APL's Cyclically Adjusted PB Ratio is ranked worse than
58.5% of 1277 companies
in the Construction industry
Industry Median: 1.09 vs STU:APL: 1.45

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.

Alpha Pro Tech's adjusted book value per share data for the three months ended in Mar. 2024 was €4.987. 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 €3.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpha Pro Tech Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alpha Pro Tech'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.

Alpha Pro Tech Cyclically Adjusted PB Ratio Chart

Alpha Pro Tech 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 1.61 4.77 2.18 1.26 1.47

Alpha Pro Tech 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 1.26 1.16 1.23 1.47 1.69

Competitive Comparison of Alpha Pro Tech's Cyclically Adjusted PB Ratio

For the Building Products & Equipment subindustry, Alpha Pro Tech'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.


Alpha Pro Tech's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Alpha Pro Tech's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Alpha Pro Tech's Cyclically Adjusted PB Ratio falls into.



Alpha Pro Tech 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.

Alpha Pro Tech's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.20/3.44
=1.51

* 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.

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

For example, Alpha Pro Tech'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)
=4.987/126.2576*126.2576
=4.987

Current CPI (Mar. 2024) = 126.2576.

Alpha Pro Tech Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.456 99.473 1.848
201409 1.562 99.394 1.984
201412 1.675 98.367 2.150
201503 1.898 99.789 2.401
201506 1.805 100.500 2.268
201509 1.795 100.421 2.257
201512 1.857 99.947 2.346
201603 1.845 101.054 2.305
201606 1.869 102.002 2.313
201609 1.904 101.765 2.362
201612 2.009 101.449 2.500
201703 1.992 102.634 2.451
201706 1.943 103.029 2.381
201709 1.861 103.345 2.274
201712 1.852 103.345 2.263
201803 1.795 105.004 2.158
201806 1.938 105.557 2.318
201809 2.015 105.636 2.408
201812 2.096 105.399 2.511
201903 2.171 106.979 2.562
201906 2.235 107.690 2.620
201909 2.321 107.611 2.723
201912 2.321 107.769 2.719
202003 2.694 107.927 3.152
202006 3.057 108.401 3.561
202009 3.422 108.164 3.994
202012 3.646 108.559 4.240
202103 3.895 110.298 4.459
202106 3.912 111.720 4.421
202109 4.051 112.905 4.530
202112 4.167 113.774 4.624
202203 4.450 117.646 4.776
202206 4.700 120.806 4.912
202209 5.074 120.648 5.310
202212 4.691 120.964 4.896
202303 4.694 122.702 4.830
202306 4.750 124.203 4.829
202309 4.943 125.230 4.984
202312 4.945 125.072 4.992
202403 4.987 126.258 4.987

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.


Alpha Pro Tech  (STU:APL) 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.


Alpha Pro Tech Cyclically Adjusted PB Ratio Related Terms

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


Alpha Pro Tech (STU:APL) Business Description

Traded in Other Exchanges
Address
60 Centurian Drive, Suite 112, Markham, ON, CAN, L3R 9R2
Alpha Pro Tech Ltd is involved in the business of developing, manufacturing, and marketing of disposable protective apparel, building supply, and infection control products principally in the United States. It operates its business through segment which includes Building Supply and Disposable Protective Apparel. It mainly offers a line of construction supply weatherization products, namely house wrap and synthetic roof underlayment as well as other woven material, different styles of disposable products like shoe covers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products. It also provides face masks and eye shields. It generates most of its revenues from the sale of products across the United States.

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