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Bayer AG (XBUL:BAYN) Cyclically Adjusted PB Ratio : 0.54 (As of May. 29, 2025)


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What is Bayer AG Cyclically Adjusted PB Ratio?

As of today (2025-05-29), Bayer AG's current share price is лв23.99. Bayer AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was лв44.33. Bayer AG's Cyclically Adjusted PB Ratio for today is 0.54.

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

XBUL:BAYN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1.76   Max: 5.77
Current: 0.56

During the past years, Bayer AG's highest Cyclically Adjusted PB Ratio was 5.77. The lowest was 0.43. And the median was 1.76.

XBUL:BAYN's Cyclically Adjusted PB Ratio is ranked better than
84.05% of 677 companies
in the Drug Manufacturers industry
Industry Median: 1.85 vs XBUL:BAYN: 0.56

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.

Bayer AG's adjusted book value per share data for the three months ended in Mar. 2025 was лв62.090. 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 лв44.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bayer AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bayer 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.

Bayer AG Cyclically Adjusted PB Ratio Chart

Bayer AG 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 1.42 1.30 1.20 0.79 0.44

Bayer AG 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 0.66 0.61 0.69 0.44 0.50

Competitive Comparison of Bayer AG's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - General subindustry, Bayer 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.


Bayer AG's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bayer AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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Bayer 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.99/44.33
=0.54

* 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.

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

For example, Bayer AG'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)
=62.09/127.7792*127.7792
=62.090

Current CPI (Mar. 2025) = 127.7792.

Bayer AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 51.786 100.417 65.897
201509 52.216 100.417 66.444
201512 54.700 99.717 70.094
201603 54.441 100.017 69.553
201606 52.826 100.717 67.020
201609 54.334 101.017 68.729
201612 66.214 101.217 83.591
201703 74.403 101.417 93.743
201706 75.917 102.117 94.995
201709 93.227 102.717 115.974
201712 90.126 102.617 112.225
201803 94.267 102.917 117.039
201806 102.703 104.017 126.165
201809 109.327 104.718 133.404
201812 97.358 104.217 119.369
201903 100.948 104.217 123.771
201906 89.555 105.718 108.244
201909 89.604 106.018 107.996
201912 92.934 105.818 112.222
202003 95.073 105.718 114.913
202006 71.169 106.618 85.295
202009 65.313 105.818 78.868
202012 65.727 105.518 79.594
202103 72.884 107.518 86.619
202106 64.808 108.486 76.334
202109 64.770 109.435 75.627
202112 66.042 110.384 76.450
202203 72.980 113.968 81.824
202206 71.137 115.760 78.523
202209 72.331 118.818 77.786
202212 72.702 119.345 77.840
202303 77.443 122.402 80.845
202306 70.856 123.140 73.525
202309 63.057 124.195 64.877
202312 63.558 123.773 65.615
202403 68.503 125.038 70.005
202406 67.996 125.882 69.021
202409 60.035 126.198 60.787
202412 59.140 127.041 59.484
202503 62.090 127.779 62.090

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.


Bayer AG  (XBUL:BAYN) 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.


Bayer AG Cyclically Adjusted PB Ratio Related Terms

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


Bayer AG Business Description

Industry
Address
Kaiser-Wilhelm-Allee 1, Leverkusen, NW, DEU, 51368
Bayer is a German healthcare and agriculture conglomerate. Healthcare provides close to half of the company's sales and includes pharmaceutical drugs as well as vitamins and other consumer healthcare products. The firm's crop science business sells seeds, pesticides, herbicides, and fungicides, which was expanded through its 2018 acquisition of Monsanto.