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METRO AG (STU:B4B) Cyclically Adjusted PB Ratio : 0.71 (As of May. 16, 2024)


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What is METRO AG Cyclically Adjusted PB Ratio?

As of today (2024-05-16), METRO AG's current share price is €4.995. METRO AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 was €7.06. METRO AG's Cyclically Adjusted PB Ratio for today is 0.71.

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

STU:B4B' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.88   Max: 1.31
Current: 0.71

During the past 11 years, METRO AG's highest Cyclically Adjusted PB Ratio was 1.31. The lowest was 0.66. And the median was 0.88.

STU:B4B's Cyclically Adjusted PB Ratio is ranked better than
76.15% of 218 companies
in the Retail - Defensive industry
Industry Median: 1.6 vs STU:B4B: 0.71

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.

METRO AG's adjusted book value per share data of for the fiscal year that ended in Sep23 was €5.538. 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 €7.06 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


METRO AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for METRO AG'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.

METRO AG Cyclically Adjusted PB Ratio Chart

METRO AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.03 0.92

METRO AG Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1.03 - - - 0.92

Competitive Comparison of METRO AG's Cyclically Adjusted PB Ratio

For the Food Distribution subindustry, METRO AG'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.


METRO AG's Cyclically Adjusted PB Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, METRO AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



METRO AG 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.

METRO AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.995/7.06
=0.71

* 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.

METRO AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Sep23 is calculated as:

For example, METRO AG's adjusted Book Value per Share data for the fiscal year that ended in Sep23 was:

Adj_Book=Book Value per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=5.538/124.1946*124.1946
=5.538

Current CPI (Sep23) = 124.1946.

METRO AG Annual Data

Book Value per Share CPI Adj_Book
201409 2.189 99.823 2.723
201509 7.207 100.417 8.914
201609 7.954 101.017 9.779
201709 8.778 102.717 10.613
201809 6.042 104.718 7.166
201909 6.312 106.018 7.394
202009 5.594 105.818 6.565
202109 5.029 109.435 5.707
202209 6.456 118.818 6.748
202309 5.538 124.195 5.538

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.


METRO AG  (STU:B4B) 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.


METRO AG Cyclically Adjusted PB Ratio Related Terms

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


METRO AG (STU:B4B) Business Description

Traded in Other Exchanges
Address
Metro-Strasse 1, Dusseldorf, NW, DEU, 40235
METRO AG operates as a food service company. It is active in the self-service wholesale trade with the brands METRO and MAKRO as well as in the delivery sales with the METRO delivery service, and the supply specialists Classic Fine Foods, Pro a Pro, and Rungis Express. Its business consists of segments which include METRO Germany, METRO Western Europe, METRO Russia, METRO Eastern Europe, and others. The other segment includes Hospitality Digital, the business unit that bundles the group's digitalization initiatives. It also includes service companies that provide group-wide services in the areas of real estate, logistics, information technology, advertising, and procurement.

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