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Orange (XPAR:FTN13) Cyclically Adjusted PB Ratio : (As of Sep. 25, 2024)


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What is Orange Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orange Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Orange'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.

Orange Cyclically Adjusted PB Ratio Chart

Orange 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 1.15 0.84 0.79 0.73 0.79

Orange Quarterly Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 - 0.82 0.79 - 0.71

Competitive Comparison of Orange's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Orange'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.


Orange's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Orange's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Orange 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.

Orange's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Orange's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=11.855/120.2000*120.2000
=11.855

Current CPI (Jun. 2024) = 120.2000.

Orange Quarterly Data

Book Value per Share CPI Adj_Book
200706 10.381 90.720 13.754
200709 0.000 90.960 0.000
200712 11.483 92.030 14.998
200803 0.000 92.810 0.000
200806 11.237 93.960 14.375
200809 0.000 93.670 0.000
200812 10.580 92.950 13.682
200906 10.585 93.500 13.608
200912 10.138 93.800 12.991
201006 11.536 94.910 14.610
201012 10.986 95.450 13.835
201106 10.634 96.910 13.190
201112 10.409 97.800 12.793
201206 10.337 98.780 12.579
201212 9.176 99.100 11.130
201306 9.248 99.700 11.150
201312 9.192 99.800 11.071
201406 10.134 100.180 12.159
201412 11.159 99.860 13.432
201506 11.342 100.440 13.573
201512 11.668 100.040 14.019
201606 11.862 100.630 14.169
201612 11.794 100.650 14.085
201706 11.399 101.320 13.523
201712 11.694 101.850 13.801
201806 11.449 103.370 13.313
201812 11.578 103.470 13.450
201906 11.443 104.580 13.152
201912 12.033 104.980 13.778
202006 12.121 104.790 13.903
202012 13.046 104.960 14.940
202106 11.289 106.340 12.760
202112 12.209 107.850 13.607
202206 12.365 112.550 13.205
202212 11.999 114.160 12.634
202303 0.000 116.790 0.000
202306 11.849 117.650 12.106
202312 12.014 118.390 12.198
202403 0.000 119.470 0.000
202406 11.855 120.200 11.855

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.


Orange  (XPAR:FTN13) 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.


Orange Cyclically Adjusted PB Ratio Related Terms

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


Orange Business Description

Address
111 Quai du President Roosevelt, Issy-les-Moulineaux, Paris, FRA, 92130
Orange is the incumbent telecom operator in France. The company operates fixed and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR. Orange also has fixed and wireless (convergent) operations in Spain, Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, Moldova). Around 15% of revenue comes from emerging African markets, where the company only operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.

Orange Headlines

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