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Fresenius SE KGaA (WBO:FRE) Cyclically Adjusted PB Ratio : 1.28 (As of Jun. 02, 2025)


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What is Fresenius SE KGaA Cyclically Adjusted PB Ratio?

As of today (2025-06-02), Fresenius SE KGaA's current share price is €43.09. Fresenius SE KGaA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €33.79. Fresenius SE KGaA's Cyclically Adjusted PB Ratio for today is 1.28.

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

WBO:FRE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.77   Max: 5.51
Current: 1.28

During the past years, Fresenius SE KGaA's highest Cyclically Adjusted PB Ratio was 5.51. The lowest was 0.72. And the median was 1.77.

WBO:FRE's Cyclically Adjusted PB Ratio is ranked better than
65.42% of 347 companies
in the Healthcare Providers & Services industry
Industry Median: 1.91 vs WBO:FRE: 1.28

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.

Fresenius SE KGaA's adjusted book value per share data for the three months ended in Mar. 2025 was €34.456. 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 €33.79 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fresenius SE KGaA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fresenius SE KGaA'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.

Fresenius SE KGaA Cyclically Adjusted PB Ratio Chart

Fresenius SE KGaA 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 1.76 1.45 0.92 0.90 1.00

Fresenius SE KGaA 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 0.78 0.86 1.04 1.00 1.16

Competitive Comparison of Fresenius SE KGaA's Cyclically Adjusted PB Ratio

For the Medical Care Facilities subindustry, Fresenius SE KGaA'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.


Fresenius SE KGaA's Cyclically Adjusted PB Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius SE KGaA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Fresenius SE KGaA 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.

Fresenius SE KGaA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.09/33.79
=1.28

* 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.

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

For example, Fresenius SE KGaA'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)
=34.456/127.7792*127.7792
=34.456

Current CPI (Mar. 2025) = 127.7792.

Fresenius SE KGaA Quarterly Data

Book Value per Share CPI Adj_Book
201506 18.667 100.417 23.754
201509 19.018 100.417 24.200
201512 20.001 99.717 25.630
201603 20.188 100.017 25.792
201606 20.668 100.717 26.221
201609 21.435 101.017 27.114
201612 23.101 101.217 29.163
201703 24.391 101.417 30.731
201706 23.547 102.117 29.464
201709 23.798 102.717 29.605
201712 24.582 102.617 30.610
201803 24.983 102.917 31.018
201806 25.836 104.017 31.738
201809 26.595 104.718 32.452
201812 27.656 104.217 33.909
201903 28.711 104.217 35.202
201906 28.466 105.718 34.406
201909 29.863 106.018 35.993
201912 30.046 105.818 36.282
202003 30.763 105.718 37.183
202006 31.614 106.618 37.889
202009 30.574 105.818 36.919
202012 30.657 105.518 37.125
202103 31.880 107.518 37.888
202106 31.658 108.486 37.288
202109 32.711 109.435 38.194
202112 33.954 110.384 39.305
202203 35.512 113.968 39.815
202206 36.688 115.760 40.497
202209 37.963 118.818 40.826
202212 36.246 119.345 38.808
202303 36.454 122.402 38.055
202306 35.662 123.140 37.005
202309 35.569 124.195 36.596
202312 33.732 123.773 34.824
202403 34.520 125.038 35.277
202406 33.794 125.882 34.303
202409 33.426 126.198 33.845
202412 34.696 127.041 34.898
202503 34.456 127.779 34.456

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.


Fresenius SE KGaA  (WBO:FRE) 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.


Fresenius SE KGaA Cyclically Adjusted PB Ratio Related Terms

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


Fresenius SE KGaA Business Description

Address
Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius SE is a healthcare holding company based in Germany. The company owns a minority stake in dialysis service provider and equipment manufacturer Fresenius Medical Care. The Kabi segment manufactures intravenous drugs, nutrition products, infusion and transfusion therapies, and related pumps. The Helios segment operates private hospitals primarily in Germany and Spain.

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