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Capelli (XPAR:ALCAP) Cyclically Adjusted PB Ratio : 0.21 (As of May. 22, 2024)


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What is Capelli Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Capelli's current share price is €6.00. Capelli's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was €27.95. Capelli's Cyclically Adjusted PB Ratio for today is 0.21.

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

XPAR:ALCAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 1.19   Max: 3.24
Current: 0.21

During the past 13 years, Capelli's highest Cyclically Adjusted PB Ratio was 3.24. The lowest was 0.12. And the median was 1.19.

XPAR:ALCAP's Cyclically Adjusted PB Ratio is ranked better than
81.8% of 1324 companies
in the Real Estate industry
Industry Median: 0.7 vs XPAR:ALCAP: 0.21

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.

Capelli's adjusted book value per share data of for the fiscal year that ended in Mar23 was €32.800. 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 €27.95 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capelli Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Capelli'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.

Capelli Cyclically Adjusted PB Ratio Chart

Capelli Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 0.86 1.34 0.91 0.36

Capelli Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.91 - 0.36 -

Competitive Comparison of Capelli's Cyclically Adjusted PB Ratio

For the Real Estate - Development subindustry, Capelli'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.


Capelli's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Capelli's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Capelli 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.

Capelli's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.00/27.95
=0.21

* 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.

Capelli's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Capelli's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=32.8/116.7900*116.7900
=32.800

Current CPI (Mar23) = 116.7900.

Capelli Annual Data

Book Value per Share CPI Adj_Book
201403 15.260 100.240 17.779
201503 15.792 100.170 18.412
201603 16.550 100.020 19.325
201703 17.861 101.170 20.619
201803 24.707 102.750 28.083
201903 29.862 103.890 33.570
202003 32.476 104.590 36.264
202103 34.002 105.750 37.552
202203 33.213 110.490 35.107
202303 32.800 116.790 32.800

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.


Capelli  (XPAR:ALCAP) 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.


Capelli Cyclically Adjusted PB Ratio Related Terms

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


Capelli (XPAR:ALCAP) Business Description

Industry
Traded in Other Exchanges
Address
2 Bis Chemin du Coulouvrier ZI du Tronchon, Champagne au Mont d'Or, FRA, 69410
Capelli SA is a France-based company involved in the real estate development sector. It focuses on property development and real estate promotion. The company, along with its subsidiaries, is active in the provision of housing construction for groups and individuals and carrying out the development of land areas (plots of building land).

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