GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » BKW AG (XSWX:BKW) » Definitions » Cyclically Adjusted PB Ratio

BKW AG (XSWX:BKW) Cyclically Adjusted PB Ratio : 2.03 (As of May. 04, 2024)


View and export this data going back to 2011. Start your Free Trial

What is BKW AG Cyclically Adjusted PB Ratio?

As of today (2024-05-04), BKW AG's current share price is CHF138.40. BKW AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF68.15. BKW AG's Cyclically Adjusted PB Ratio for today is 2.03.

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

XSWX:BKW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.67   Max: 2.6
Current: 2

During the past 13 years, BKW AG's highest Cyclically Adjusted PB Ratio was 2.60. The lowest was 0.94. And the median was 1.67.

XSWX:BKW's Cyclically Adjusted PB Ratio is ranked worse than
70.54% of 258 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.2 vs XSWX:BKW: 2.00

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.

BKW AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF87.440. 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 CHF68.15 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


BKW AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BKW 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.

BKW AG Cyclically Adjusted PB Ratio Chart

BKW 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 1.30 1.77 2.00 2.00 2.19

BKW AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 2.00 - 2.00 - 2.19

Competitive Comparison of BKW AG's Cyclically Adjusted PB Ratio

For the Utilities - Renewable subindustry, BKW 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.


BKW AG's Cyclically Adjusted PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BKW 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=138.40/68.15
=2.03

* 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.

BKW AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, BKW AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=87.44/106.4611*106.4611
=87.440

Current CPI (Dec23) = 106.4611.

BKW AG Annual Data

Book Value per Share CPI Adj_Book
201412 50.280 100.704 53.155
201512 51.052 99.386 54.686
201612 54.393 99.380 58.269
201712 60.611 100.213 64.390
201812 60.664 100.906 64.004
201912 65.592 101.063 69.095
202012 70.046 100.241 74.393
202112 74.242 101.776 77.660
202212 77.049 104.666 78.370
202312 87.440 106.461 87.440

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.


BKW AG  (XSWX:BKW) 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.


BKW AG Cyclically Adjusted PB Ratio Related Terms

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


BKW AG (XSWX:BKW) Business Description

Traded in Other Exchanges
Address
Viktoriaplatz 2, Bern, CHE, CH-3013
BKW AG is an electric utility company in which the Swiss state of Bern holds a majority stake. The company segments its operations into energy, grid, and services businesses. The energy division builds, operates, and maintains the company's European power plants. While BKW controls a portfolio of wind, hydroelectric, gas, coal, and nuclear facilities, its wind power sites are responsible for most of its total energy generation. The majority of BKW's revenue comes from its energy division in the form of electricity sales to the broader European market and other power plants. The company's networks division, which builds and operates electrical distribution grids for customers outside of its primary markets of Switzerland and Italy, also represents a substantial revenue stream.

BKW AG (XSWX:BKW) Headlines

No Headlines