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Besalco (XSGO:BESALCO) Cyclically Adjusted PB Ratio : 1.25 (As of Apr. 30, 2024)


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What is Besalco Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Besalco's current share price is CLP551.47. Besalco's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was CLP441.15. Besalco's Cyclically Adjusted PB Ratio for today is 1.25.

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

XSGO:BESALCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.91   Max: 1.52
Current: 1.28

During the past years, Besalco's highest Cyclically Adjusted PB Ratio was 1.52. The lowest was 0.50. And the median was 0.91.

XSGO:BESALCO's Cyclically Adjusted PB Ratio is ranked worse than
56.16% of 1152 companies
in the Construction industry
Industry Median: 1.12 vs XSGO:BESALCO: 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.

Besalco's adjusted book value per share data for the three months ended in Dec. 2023 was CLP491.177. 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 CLP441.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Besalco Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Besalco'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.

Besalco Cyclically Adjusted PB Ratio Chart

Besalco 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 - 1.02 0.64 0.79 1.01

Besalco 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 0.79 0.94 1.06 0.93 1.01

Competitive Comparison of Besalco's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Besalco'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.


Besalco's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Besalco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Besalco 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=551.47/441.15
=1.25

* 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.

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

For example, Besalco'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)
=491.177/146.1089*146.1089
=491.177

Current CPI (Dec. 2023) = 146.1089.

Besalco Quarterly Data

Book Value per Share CPI Adj_Book
201403 306.636 94.584 473.677
201406 304.828 95.543 466.158
201409 272.126 96.883 410.392
201412 279.031 97.515 418.079
201503 290.301 98.539 430.444
201506 294.403 99.770 431.139
201509 304.522 101.383 438.865
201512 308.863 101.775 443.405
201603 308.967 102.930 438.578
201606 309.479 103.965 434.931
201609 310.119 104.521 433.514
201612 317.852 104.532 444.277
201703 325.171 105.752 449.263
201706 325.243 105.730 449.455
201709 322.420 106.035 444.272
201712 324.926 106.907 444.074
201803 327.223 107.670 444.046
201806 330.493 108.421 445.373
201809 333.148 109.369 445.060
201812 319.946 109.653 426.319
201903 323.031 110.339 427.752
201906 320.734 111.352 420.846
201909 324.063 111.821 423.432
201912 331.189 112.943 428.443
202003 332.815 114.468 424.810
202006 334.271 114.283 427.359
202009 340.985 115.275 432.194
202012 336.359 116.299 422.576
202103 345.700 117.770 428.887
202106 344.996 118.630 424.908
202109 360.019 121.431 433.186
202112 374.564 124.634 439.103
202203 384.278 128.850 435.749
202206 414.590 133.448 453.923
202209 433.105 138.101 458.220
202212 440.213 140.574 457.546
202303 436.636 143.145 445.676
202306 456.256 143.538 464.429
202309 491.376 145.172 494.548
202312 491.177 146.109 491.177

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.


Besalco  (XSGO:BESALCO) 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.


Besalco Cyclically Adjusted PB Ratio Related Terms

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


Besalco (XSGO:BESALCO) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Ebro 2705, Las Condes, Santiago, CHL
Besalco SA is a Chile-based holding company. Through its subsidiaries, the company is engaged in the provision of engineering and construction services. The company covers business sectors such as Civil works and industrial construction, Machinery services, Real estate and Concessions and energy. It specializes in undertaking civil works, building projects, industrial installations, public works concessions, mining services, operational services of machinery and others.

Besalco (XSGO:BESALCO) Headlines

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