GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Varta AG (XTER:VAR1) » Definitions » Cyclically Adjusted PB Ratio

Varta AG (XTER:VAR1) Cyclically Adjusted PB Ratio : 1.15 (As of May. 14, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Varta AG Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Varta AG's current share price is €10.94. Varta AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was €9.48. Varta AG's Cyclically Adjusted PB Ratio for today is 1.15.

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

XTER:VAR1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.15   Med: 6.45   Max: 12.62
Current: 1.15

During the past 11 years, Varta AG's highest Cyclically Adjusted PB Ratio was 12.62. The lowest was 1.15. And the median was 6.45.

XTER:VAR1's Cyclically Adjusted PB Ratio is ranked better than
68.46% of 2045 companies
in the Industrial Products industry
Industry Median: 1.84 vs XTER:VAR1: 1.15

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.

Varta AG's adjusted book value per share data of for the fiscal year that ended in Dec22 was €5.924. 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 €9.48 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Varta AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Varta 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.

Varta AG Cyclically Adjusted PB Ratio Chart

Varta AG Annual Data
Trend Dec09 Dec10 Dec11 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 12.86 2.38

Varta AG Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 - 2.38 - - -

Competitive Comparison of Varta AG's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Varta 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.


Varta AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Varta AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Varta 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.94/9.48
=1.15

* 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.

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

For example, Varta 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)
=5.924/119.3449*119.3449
=5.924

Current CPI (Dec22) = 119.3449.

Varta AG Annual Data

Book Value per Share CPI Adj_Book
200912 8.421 92.919 10.816
201012 6.558 94.132 8.315
201112 5.360 95.998 6.664
201612 7.309 101.217 8.618
201712 6.007 102.617 6.986
201812 6.754 104.217 7.734
201912 10.257 105.818 11.568
202012 12.339 105.518 13.956
202112 13.174 110.384 14.244
202212 5.924 119.345 5.924

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.


Varta AG  (XTER:VAR1) 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.


Varta AG Cyclically Adjusted PB Ratio Related Terms

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


Varta AG (XTER:VAR1) Business Description

Industry
Traded in Other Exchanges
Address
VARTA-Platz 1, Ellwangen, BW, DEU, 73479
Varta AG manufactures and markets a wide range of industrial, commercial, and miniaturized batteries for equipment and devices. It operates in five reportable business segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Others. The company generates the majority of its revenue from the Consumer Batteries segment which comprises the product categories of household comprises the product categories of household batteries, rechargeable batteries, chargers, portable power (power banks), and lights.
Executives
Rainer Hald Board of Directors
Martin Ohneberg Supervisory Board
Ddr. Michael Tojner Supervisory Board
Dr. Markus Hackstein Board of Directors
Dr. Michael Pistauer Supervisory Board
Herbert Schein Board of Directors
Armin Hessenberger Board of Directors

Varta AG (XTER:VAR1) Headlines

No Headlines