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Koenig & Bauer AG (WBO:SKB) Cyclically Adjusted PB Ratio : 0.55 (As of May. 01, 2024)


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What is Koenig & Bauer AG Cyclically Adjusted PB Ratio?

As of today (2024-05-01), Koenig & Bauer AG's current share price is €13.26. Koenig & Bauer AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €24.25. Koenig & Bauer AG's Cyclically Adjusted PB Ratio for today is 0.55.

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

WBO:SKB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.04   Max: 3.24
Current: 0.53

During the past years, Koenig & Bauer AG's highest Cyclically Adjusted PB Ratio was 3.24. The lowest was 0.40. And the median was 1.04.

WBO:SKB's Cyclically Adjusted PB Ratio is ranked better than
88.4% of 2017 companies
in the Industrial Products industry
Industry Median: 1.77 vs WBO:SKB: 0.53

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.

Koenig & Bauer AG's adjusted book value per share data for the three months ended in Dec. 2023 was €24.720. 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 €24.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koenig & Bauer AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Koenig & Bauer 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.

Koenig & Bauer AG Cyclically Adjusted PB Ratio Chart

Koenig & Bauer AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.04 1.35 0.68 0.50

Koenig & Bauer 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 0.68 0.79 0.78 0.57 0.50

Competitive Comparison of Koenig & Bauer AG's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Koenig & Bauer 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.


Koenig & Bauer AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Koenig & Bauer 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.

Koenig & Bauer AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.26/24.25
=0.55

* 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.

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

For example, Koenig & Bauer 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)
=24.72/123.6675*123.6675
=24.720

Current CPI (Dec. 2023) = 123.6675.

Koenig & Bauer AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 15.365 99.543 19.089
201406 15.492 99.543 19.247
201409 14.971 99.823 18.547
201412 13.719 99.543 17.044
201503 11.147 99.717 13.824
201506 13.689 100.417 16.859
201509 14.475 100.417 17.827
201512 15.601 99.717 19.348
201603 15.232 100.017 18.834
201606 15.389 100.717 18.896
201609 15.819 101.017 19.366
201612 20.412 101.217 24.940
201703 20.781 101.417 25.340
201706 21.477 102.117 26.009
201709 22.360 102.717 26.921
201712 25.658 102.617 30.921
201803 24.926 102.917 29.952
201806 24.333 104.017 28.930
201809 25.320 104.718 29.902
201812 24.866 104.217 29.507
201903 26.639 104.217 31.611
201906 25.398 105.718 29.710
201909 24.944 106.018 29.097
201912 26.118 105.818 30.524
202003 25.907 105.718 30.306
202006 25.289 106.618 29.333
202009 20.539 105.818 24.004
202012 20.624 105.518 24.171
202103 20.303 107.518 23.353
202106 21.350 108.486 24.338
202109 21.677 109.435 24.496
202112 22.276 110.384 24.957
202203 21.979 113.968 23.850
202206 23.438 115.760 25.039
202209 23.625 118.818 24.589
202212 25.483 119.345 26.406
202303 24.993 122.402 25.251
202306 24.563 123.140 24.668
202309 24.630 124.195 24.525
202312 24.720 123.668 24.720

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.


Koenig & Bauer AG  (WBO:SKB) 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.


Koenig & Bauer AG Cyclically Adjusted PB Ratio Related Terms

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Koenig & Bauer AG (WBO:SKB) Business Description

Traded in Other Exchanges
Address
Friedrich-Koenig-Strasse 4, Wurzburg, DEU, 97080
Koenig & Bauer AG is engaged in the manufacturing and distribution of sheetfed offset, digital, web offset, and special printing presses. It operates sheetfed offset for packaging, commercial, book, as well as workflow solutions. It also provides digital and offset web presses for newspaper, commercial and industrial printing. In addition, the company provides special presses for banknote and security printing, systems for industrial coding technology, and special machines for printing packaging made of metal, film, and other plastic as well as glass. The firm organizes its business globally through three segments namely Sheetfed, Digital & Web, and Special while generating the majority of its revenue from the Sheetfed activity.

Koenig & Bauer AG (WBO:SKB) Headlines

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