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The Swatch Group AG (XSWX:UHRN) Cyclically Adjusted PB Ratio : 0.88 (As of May. 01, 2024)


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What is The Swatch Group AG Cyclically Adjusted PB Ratio?

As of today (2024-05-01), The Swatch Group AG's current share price is CHF38.20. The Swatch Group AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF43.40. The Swatch Group AG's Cyclically Adjusted PB Ratio for today is 0.88.

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

XSWX:UHRN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.86   Max: 5.67
Current: 0.87

During the past 13 years, The Swatch Group AG's highest Cyclically Adjusted PB Ratio was 5.67. The lowest was 0.85. And the median was 1.86.

XSWX:UHRN's Cyclically Adjusted PB Ratio is ranked better than
60.14% of 720 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs XSWX:UHRN: 0.87

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.

The Swatch Group AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF47.027. 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 CHF43.40 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Swatch Group AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for The Swatch Group 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.

The Swatch Group AG Cyclically Adjusted PB Ratio Chart

The Swatch Group 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 1.45 1.25 1.37 1.22 1.01

The Swatch Group 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 1.37 - 1.22 - 1.01

Competitive Comparison of The Swatch Group AG's Cyclically Adjusted PB Ratio

For the Luxury Goods subindustry, The Swatch Group 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.


The Swatch Group AG's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Swatch Group AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



The Swatch Group 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.

The Swatch Group AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38.20/43.4
=0.88

* 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.

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

For example, The Swatch Group 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)
=47.027/106.4611*106.4611
=47.027

Current CPI (Dec23) = 106.4611.

The Swatch Group AG Annual Data

Book Value per Share CPI Adj_Book
201412 38.035 100.704 40.209
201512 40.451 99.386 43.330
201612 41.280 99.380 44.222
201712 42.504 100.213 45.154
201812 43.272 100.906 45.654
201912 44.189 101.063 46.549
202012 42.097 100.241 44.709
202112 44.549 101.776 46.600
202212 46.242 104.666 47.035
202312 47.027 106.461 47.027

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.


The Swatch Group AG  (XSWX:UHRN) 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.


The Swatch Group AG Cyclically Adjusted PB Ratio Related Terms

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


The Swatch Group AG (XSWX:UHRN) Business Description

Address
Seevorstadt 6, Bienne, CHE, 2501
Swatch Group's biggest brands are Omega (number-two Swiss watch brand by sales after Rolex), Longines (the largest premium watch brand and number four by sales globally), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. Swatch group employs over 31,000 people, half of them in Switzerland. We estimate that Swatch Group makes about 30% of its sales from Omega, 17% from ultraluxury brands, 20% from Longines, 10% from Tissot, and 6% from Swatch. We estimate Omega and Longines to be the group's most profitable brands.

The Swatch Group AG (XSWX:UHRN) Headlines

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