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Drop (WAR:DRP) Cyclically Adjusted PB Ratio : (As of May. 27, 2024)


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What is Drop Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Drop Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Drop'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.

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Drop Cyclically Adjusted PB Ratio Chart

Drop Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PB Ratio
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Drop Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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Competitive Comparison of Drop's Cyclically Adjusted PB Ratio

For the Waste Management subindustry, Drop'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.


Drop's Cyclically Adjusted PB Ratio Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Drop's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Drop 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.

Drop's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2020 is calculated as:

For example, Drop's adjusted Book Value per Share data for the three months ended in Jun. 2020 was:

Adj_Book=Book Value per Share/CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=-6.939/109.4017*109.4017
=-6.939

Current CPI (Jun. 2020) = 109.4017.

Drop Quarterly Data

Book Value per Share CPI Adj_Book
201009 0.000 92.715 0.000
201012 11.555 93.692 13.493
201103 11.624 95.889 13.262
201106 10.899 96.541 12.351
201109 11.164 96.296 12.683
201112 11.387 98.006 12.711
201203 11.299 99.552 12.417
201206 10.048 100.448 10.944
201209 10.006 99.715 10.978
201212 9.466 100.285 10.327
201303 9.685 100.529 10.540
201306 7.509 100.855 8.145
201309 7.375 100.936 7.994
201312 6.710 101.018 7.267
201403 6.529 101.262 7.054
201406 6.271 101.180 6.781
201409 6.031 100.611 6.558
201412 5.784 100.122 6.320
201503 5.755 100.041 6.294
201506 5.791 100.448 6.307
201509 5.645 99.634 6.198
201512 5.361 99.471 5.896
201603 5.150 98.983 5.692
201606 5.213 99.552 5.729
201609 2.137 99.064 2.360
201612 1.587 100.366 1.730
201703 1.397 101.018 1.513
201706 1.265 101.180 1.368
201709 1.161 101.343 1.253
201712 1.199 102.564 1.279
201803 1.223 102.564 1.305
201806 1.187 103.378 1.256
201809 1.182 103.378 1.251
201812 -0.578 103.785 -0.609
201903 -0.618 104.274 -0.648
201906 -6.379 105.983 -6.585
201909 -6.503 105.983 -6.713
201912 -6.656 107.123 -6.798
202003 -6.786 109.076 -6.806
202006 -6.939 109.402 -6.939

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.


Drop  (WAR:DRP) 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.


Drop Cyclically Adjusted PB Ratio Related Terms

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Drop (WAR:DRP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
ul. Syta 114z/1, Warszawa, POL, 02-987
Drop SA focuses on the wholesale of waste and recycling materials of non-ferrous metals and steel. It is also engaged in the field of pro-ecological solutions, providing optimum safety and healthcare conditions.

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