GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HAEMATO AG (XTER:HAEK) » Definitions » Cyclically Adjusted PB Ratio

HAEMATO AG (XTER:HAEK) Cyclically Adjusted PB Ratio : 0.60 (As of May. 27, 2024)


View and export this data going back to 2005. Start your Free Trial

What is HAEMATO AG Cyclically Adjusted PB Ratio?

As of today (2024-05-27), HAEMATO AG's current share price is €21.40. HAEMATO AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was €35.56. HAEMATO AG's Cyclically Adjusted PB Ratio for today is 0.60.

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

XTER:HAEK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.87   Max: 2.46
Current: 0.45

During the past 13 years, HAEMATO AG's highest Cyclically Adjusted PB Ratio was 2.46. The lowest was 0.44. And the median was 0.87.

XTER:HAEK's Cyclically Adjusted PB Ratio is ranked better than
88.04% of 694 companies
in the Drug Manufacturers industry
Industry Median: 1.855 vs XTER:HAEK: 0.45

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.

HAEMATO AG's adjusted book value per share data of for the fiscal year that ended in Dec22 was €28.143. 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 €35.56 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


HAEMATO AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for HAEMATO 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.

HAEMATO AG Cyclically Adjusted PB Ratio Chart

HAEMATO AG Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 0.97 0.76 0.74 0.48

HAEMATO AG Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 0.74 - 0.48 -

Competitive Comparison of HAEMATO AG's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, HAEMATO 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.


HAEMATO AG's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, HAEMATO AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



HAEMATO 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.40/35.56
=0.60

* 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.

HAEMATO AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, HAEMATO AG's adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book=Book Value per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=28.143/119.3449*119.3449
=28.143

Current CPI (Dec22) = 119.3449.

HAEMATO AG Annual Data

Book Value per Share CPI Adj_Book
201312 28.027 99.356 33.666
201412 28.386 99.543 34.033
201512 28.052 99.717 33.574
201612 30.363 101.217 35.801
201712 32.209 102.617 37.459
201812 33.119 104.217 37.926
201912 31.606 105.818 35.646
202012 26.405 105.518 29.865
202112 27.676 110.384 29.923
202212 28.143 119.345 28.143

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.


HAEMATO AG  (XTER:HAEK) 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.


HAEMATO AG Cyclically Adjusted PB Ratio Related Terms

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


HAEMATO AG (XTER:HAEK) Business Description

Industry
Traded in Other Exchanges
Address
Lilienthalstrasse 5c, Schonefeld, DEU, D-12529
HAEMATO AG is a Germany based pharmaceutical company. It provides pharmaceuticals for the care of chronically ill people. The firm is engaged in the sale of generic and EU (European countries) import drugs. It is focused on patented and non-patented medicinal products. The company product portfolio includes human immunodeficiency virus (HIV), acquired immune deficiency syndrome (AIDS), neurology, oncology, rheumatology, and urology. Geographically, it operates only in Germany.

HAEMATO AG (XTER:HAEK) Headlines

No Headlines