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voestalpine AG (voestalpine AG) Cyclically Adjusted PB Ratio : 0.61 (As of May. 22, 2024)


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What is voestalpine AG Cyclically Adjusted PB Ratio?

As of today (2024-05-22), voestalpine AG's current share price is $5.56. voestalpine AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.06. voestalpine AG's Cyclically Adjusted PB Ratio for today is 0.61.

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

VLPNY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.75   Max: 1.38
Current: 0.63

During the past years, voestalpine AG's highest Cyclically Adjusted PB Ratio was 1.38. The lowest was 0.42. And the median was 0.75.

VLPNY's Cyclically Adjusted PB Ratio is ranked better than
66.52% of 466 companies
in the Steel industry
Industry Median: 0.93 vs VLPNY: 0.63

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.

voestalpine AG's adjusted book value per share data for the three months ended in Dec. 2023 was $9.231. 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 $9.06 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


voestalpine AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for voestalpine 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.

voestalpine AG Cyclically Adjusted PB Ratio Chart

voestalpine AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.56 1.04 0.75 0.78

voestalpine AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.63 0.78 0.81 0.63 0.68

Competitive Comparison of voestalpine AG's Cyclically Adjusted PB Ratio

For the Steel subindustry, voestalpine 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.


voestalpine AG's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, voestalpine AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



voestalpine 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.56/9.06
=0.61

* 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.

voestalpine AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, voestalpine AG's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.231/132.5695*132.5695
=9.231

Current CPI (Dec. 2023) = 132.5695.

voestalpine AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.355 99.044 11.183
201406 8.455 99.496 11.266
201409 7.293 99.586 9.709
201412 7.099 99.676 9.442
201503 6.340 99.992 8.406
201506 6.874 100.492 9.068
201509 6.808 100.292 8.999
201512 6.731 100.692 8.862
201603 6.966 100.692 9.171
201606 7.112 101.092 9.327
201609 6.995 101.192 9.164
201612 6.741 102.092 8.753
201703 7.148 102.592 9.237
201706 7.724 102.991 9.942
201709 8.144 103.591 10.422
201712 8.235 104.291 10.468
201803 8.931 104.491 11.331
201806 8.738 105.091 11.023
201809 8.465 105.691 10.618
201812 8.151 106.291 10.166
201903 8.284 106.391 10.322
201906 8.288 106.791 10.289
201909 7.202 106.991 8.924
201912 6.984 108.091 8.566
202003 6.782 108.024 8.323
202006 6.782 107.915 8.331
202009 6.783 108.348 8.299
202012 7.194 109.321 8.724
202103 7.368 110.186 8.865
202106 7.889 110.943 9.427
202109 7.843 111.916 9.290
202112 7.801 113.971 9.074
202203 8.532 117.647 9.614
202206 8.896 120.567 9.782
202209 8.167 123.811 8.745
202212 8.846 125.541 9.341
202303 9.338 128.460 9.637
202306 9.657 130.191 9.833
202309 9.403 131.272 9.496
202312 9.231 132.570 9.231

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.


voestalpine AG  (OTCPK:VLPNY) 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.


voestalpine AG Cyclically Adjusted PB Ratio Related Terms

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


voestalpine AG (voestalpine AG) Business Description

Industry
Address
Voestalpine-Strasse 1, Linz, AUT, 4020
voestalpine AG is an Austria-based holding company engaged in the manufacturing, processing and development of steel products. The company is divided into four divisions. The Steel Division is involved in the production of steel products and the casting of large turbines. The High-Performance metals Division provides metals for the automotive, consumer goods, power generation, energy and aviation sectors. The Metal Engineering division produces rails, turnout systems, track-based monitoring systems, specially treated wire and others. The Metal Forming Division provides customized special and precision sections, as well as solutions for systems in the construction, cab construction for commercial vehicles, and aviation sectors. The company generates its revenue from the European Union.

voestalpine AG (voestalpine AG) Headlines