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ATS (TSX:ATS) Cyclically Adjusted PB Ratio : 3.34 (As of Jun. 02, 2025)


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What is ATS Cyclically Adjusted PB Ratio?

As of today (2025-06-02), ATS's current share price is C$39.72. ATS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$11.88. ATS's Cyclically Adjusted PB Ratio for today is 3.34.

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

TSX:ATS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.39   Med: 3.06   Max: 6.57
Current: 3.34

During the past years, ATS's highest Cyclically Adjusted PB Ratio was 6.57. The lowest was 1.39. And the median was 3.06.

TSX:ATS's Cyclically Adjusted PB Ratio is ranked worse than
68.6% of 2159 companies
in the Industrial Products industry
Industry Median: 2.04 vs TSX:ATS: 3.34

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.

ATS's adjusted book value per share data for the three months ended in Mar. 2025 was C$17.606. 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 C$11.88 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


ATS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ATS'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.

ATS Cyclically Adjusted PB Ratio Chart

ATS Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.56 5.34 6.02 4.29 3.02

ATS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.29 4.03 3.50 3.82 3.02

Competitive Comparison of ATS's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, ATS'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.


ATS's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ATS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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ATS 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.

ATS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.72/11.88
=3.34

* 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.

ATS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, ATS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=17.606/129.1809*129.1809
=17.606

Current CPI (Mar. 2025) = 129.1809.

ATS Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.318 100.500 8.121
201509 6.906 100.421 8.884
201512 7.157 99.947 9.250
201603 7.046 101.054 9.007
201606 7.104 102.002 8.997
201609 7.261 101.765 9.217
201612 7.194 101.449 9.161
201703 7.326 102.634 9.221
201706 7.572 103.029 9.494
201709 7.654 103.345 9.568
201712 7.788 103.345 9.735
201803 8.069 105.004 9.927
201806 8.174 105.557 10.003
201809 8.240 105.636 10.077
201812 8.597 105.399 10.537
201903 8.588 106.979 10.370
201906 8.749 107.690 10.495
201909 8.880 107.611 10.660
201912 8.954 107.769 10.733
202003 9.424 107.927 11.280
202006 9.501 108.401 11.322
202009 9.685 108.164 11.567
202012 9.815 108.559 11.679
202103 9.723 110.298 11.388
202106 10.097 111.720 11.675
202109 10.549 112.905 12.070
202112 10.497 113.774 11.918
202203 10.639 117.646 11.682
202206 10.739 120.806 11.483
202209 10.978 120.648 11.754
202212 11.792 120.964 12.593
202303 12.302 122.702 12.952
202306 15.484 124.203 16.105
202309 16.020 125.230 16.525
202312 16.446 125.072 16.986
202403 17.111 126.258 17.507
202406 17.325 127.522 17.550
202409 17.386 127.285 17.645
202412 18.091 127.364 18.349
202503 17.606 129.181 17.606

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.


ATS  (TSX:ATS) 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.


ATS Cyclically Adjusted PB Ratio Related Terms

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


ATS Business Description

Industry
Traded in Other Exchanges
Address
730 Fountain Street North, Building 2, Cambridge, ON, CAN, N3H 4R7
ATS Corp is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company's products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support. The company's clients come from the life sciences, food and beverage transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.
Executives
Michael E. Martino Director
Andrew Hider Senior Officer
Heinrich Sielemann Senior Officer
Ryan Mcleod Senior Officer
Stewart Mccuaig Senior Officer
Christian Debus Senior Officer
Steve Emery Senior Officer
Udo Panenka Senior Officer
Fiona Cleland Nielsen Senior Officer
Angella Alexander Senior Officer
Jeremy Patten Senior Officer