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ZEAL Network SE (XTER:TIMA) Cyclically Adjusted PB Ratio : 1.91 (As of Jun. 18, 2024)


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What is ZEAL Network SE Cyclically Adjusted PB Ratio?

As of today (2024-06-18), ZEAL Network SE's current share price is €35.00. ZEAL Network SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.28. ZEAL Network SE's Cyclically Adjusted PB Ratio for today is 1.91.

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

XTER:TIMA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.05   Med: 1.75   Max: 2.68
Current: 1.96

During the past years, ZEAL Network SE's highest Cyclically Adjusted PB Ratio was 2.68. The lowest was 1.05. And the median was 1.75.

XTER:TIMA's Cyclically Adjusted PB Ratio is ranked worse than
62.28% of 623 companies
in the Travel & Leisure industry
Industry Median: 1.34 vs XTER:TIMA: 1.96

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.

ZEAL Network SE's adjusted book value per share data for the three months ended in Mar. 2024 was €12.884. 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 €18.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ZEAL Network SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ZEAL Network SE'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.

ZEAL Network SE Cyclically Adjusted PB Ratio Chart

ZEAL Network SE 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 1.25 2.66 2.26 1.52 1.78

ZEAL Network SE Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.88 1.82 1.67 1.78 1.89

Competitive Comparison of ZEAL Network SE's Cyclically Adjusted PB Ratio

For the Gambling subindustry, ZEAL Network SE'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.


ZEAL Network SE's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



ZEAL Network SE 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.

ZEAL Network SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.00/18.28
=1.91

* 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.

ZEAL Network SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ZEAL Network SE's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.884/125.0381*125.0381
=12.884

Current CPI (Mar. 2024) = 125.0381.

ZEAL Network SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.601 99.543 17.085
201409 13.540 99.823 16.960
201412 13.984 99.543 17.566
201503 14.431 99.717 18.096
201506 14.108 100.417 17.567
201509 12.820 100.417 15.963
201512 11.350 99.717 14.232
201603 11.658 100.017 14.575
201606 10.673 100.717 13.250
201609 11.159 101.017 13.813
201612 11.635 101.217 14.373
201703 11.665 101.417 14.382
201706 12.304 102.117 15.066
201709 12.700 102.717 15.460
201712 12.715 102.617 15.493
201803 13.466 102.917 16.360
201806 14.043 104.017 16.881
201809 14.968 104.718 17.873
201812 14.770 104.217 17.721
201903 15.576 104.217 18.688
201906 50.177 105.718 59.347
201909 18.566 106.018 21.897
201912 17.673 105.818 20.883
202003 17.788 105.718 21.039
202006 17.012 106.618 19.951
202009 17.278 105.818 20.416
202012 17.235 105.518 20.423
202103 17.460 107.518 20.305
202106 16.696 108.486 19.243
202109 16.897 109.435 19.306
202112 16.913 110.384 19.158
202203 0.000 113.968 0.000
202206 15.258 115.760 16.481
202209 15.931 118.818 16.765
202212 15.146 119.345 15.869
202303 15.326 122.402 15.656
202306 11.815 123.140 11.997
202309 11.992 124.195 12.073
202312 11.969 123.773 12.091
202403 12.884 125.038 12.884

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.


ZEAL Network SE  (XTER:TIMA) 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.


ZEAL Network SE Cyclically Adjusted PB Ratio Related Terms

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


ZEAL Network SE (XTER:TIMA) Business Description

Traded in Other Exchanges
Address
Strassenbahnring 11, Hamburg, NI, DEU, 20251
ZEAL Network SE is a holding company specialized in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The Germany operating segment comprises the results of the online lottery brokerage business and the Group's charity lotteries in Germany. The Other segment comprises the online lottery operation for the charitable org ONCE in Spain and investment in early-stage start-ups under Zeal ventures. The majority of revenue is derived from the Germany segment.
Executives
Sönke Martens Board of Directors
Dr. Helmut Wilhelm Becker Board of Directors
Jonas Mattsson Board of Directors
Peter Steiner Supervisory Board
Frank Strauß Supervisory Board
Oliver Jaster Supervisory Board

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