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Akzo Nobel NV (WBO:AKZO) Cyclically Adjusted PB Ratio : 1.69 (As of May. 25, 2025)


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What is Akzo Nobel NV Cyclically Adjusted PB Ratio?

As of today (2025-05-25), Akzo Nobel NV's current share price is €59.78. Akzo Nobel NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €35.30. Akzo Nobel NV's Cyclically Adjusted PB Ratio for today is 1.69.

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

WBO:AKZO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.19   Max: 3.17
Current: 1.67

During the past years, Akzo Nobel NV's highest Cyclically Adjusted PB Ratio was 3.17. The lowest was 1.38. And the median was 2.19.

WBO:AKZO's Cyclically Adjusted PB Ratio is ranked worse than
52.19% of 1117 companies
in the Chemicals industry
Industry Median: 1.53 vs WBO:AKZO: 1.67

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.

Akzo Nobel NV's adjusted book value per share data for the three months ended in Mar. 2025 was €27.057. 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 €35.30 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Akzo Nobel NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Akzo Nobel NV'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.

Akzo Nobel NV Cyclically Adjusted PB Ratio Chart

Akzo Nobel NV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.56 2.83 1.78 2.16 1.63

Akzo Nobel NV 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 1.97 1.60 1.77 1.63 1.59

Competitive Comparison of Akzo Nobel NV's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Akzo Nobel NV'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.


Akzo Nobel NV's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Akzo Nobel NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Akzo Nobel NV 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.

Akzo Nobel NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.78/35.30
=1.69

* 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.

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

For example, Akzo Nobel NV'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)
=27.057/133.3300*133.3300
=27.057

Current CPI (Mar. 2025) = 133.3300.

Akzo Nobel NV Quarterly Data

Book Value per Share CPI Adj_Book
201506 26.549 100.230 35.317
201509 27.165 100.500 36.039
201512 29.298 99.730 39.169
201603 29.310 100.310 38.958
201606 30.441 100.260 40.482
201609 28.344 100.570 37.577
201612 29.234 100.710 38.703
201703 29.644 101.440 38.963
201706 27.831 101.370 36.606
201709 28.583 102.030 37.351
201712 26.119 101.970 34.152
201803 26.485 102.470 34.461
201806 26.731 103.100 34.569
201809 27.399 103.950 35.143
201812 51.960 103.970 66.633
201903 38.459 105.370 48.664
201906 34.303 105.840 43.213
201909 33.921 106.700 42.387
201912 31.814 106.800 39.717
202003 33.840 106.850 42.226
202006 30.677 107.510 38.045
202009 30.677 107.880 37.914
202012 30.150 107.850 37.273
202103 31.375 108.870 38.424
202106 30.754 109.670 37.389
202109 29.381 110.790 35.359
202112 29.872 114.010 34.934
202203 30.797 119.460 34.373
202206 29.822 119.050 33.399
202209 29.664 126.890 31.170
202212 25.424 124.940 27.131
202303 25.903 124.720 27.691
202306 24.578 125.830 26.043
202309 25.739 127.160 26.988
202312 25.334 126.450 26.712
202403 26.823 128.580 27.814
202406 26.171 129.910 26.860
202409 26.797 131.610 27.147
202412 26.782 131.630 27.128
202503 27.057 133.330 27.057

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.


Akzo Nobel NV  (WBO:AKZO) 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.


Akzo Nobel NV Cyclically Adjusted PB Ratio Related Terms

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


Akzo Nobel NV Business Description

Industry
Address
Christian Neefestraat 2, Amsterdam, NH, NLD, 1077 WW
Netherlands-based AkzoNobel is the world's third-largest paint and coatings producer. Europe is the largest market, with around 47% of sales generated in Europe, the Middle East, and Africa. Cumulatively, the Asia-Pacific and Latin American divisions have grown quickly to more than 40% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.

Akzo Nobel NV Headlines

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