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ADDYY (adidas AG) Cyclically Adjusted PB Ratio : 6.02 (As of Jul. 11, 2025)


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What is adidas AG Cyclically Adjusted PB Ratio?

As of today (2025-07-11), adidas AG's current share price is $121.71. adidas AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $20.23. adidas AG's Cyclically Adjusted PB Ratio for today is 6.02.

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

ADDYY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.76   Med: 6.94   Max: 10.47
Current: 5.52

During the past years, adidas AG's highest Cyclically Adjusted PB Ratio was 10.47. The lowest was 2.76. And the median was 6.94.

ADDYY's Cyclically Adjusted PB Ratio is ranked worse than
89.35% of 873 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.08 vs ADDYY: 5.52

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.

adidas AG's adjusted book value per share data for the three months ended in Mar. 2025 was $17.286. 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 $20.23 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


adidas AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for adidas 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.

adidas AG Cyclically Adjusted PB Ratio Chart

adidas AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.71 7.60 3.54 5.01 6.38

adidas AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.60 6.01 6.43 6.38 5.83

Competitive Comparison of adidas AG's Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, adidas 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.


adidas AG's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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adidas 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=121.71/20.23
=6.02

* 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.

adidas AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, adidas AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=17.286/127.7792*127.7792
=17.286

Current CPI (Mar. 2025) = 127.7792.

adidas AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.551 100.417 19.788
201509 16.022 100.417 20.388
201512 15.415 99.717 19.753
201603 15.795 100.017 20.179
201606 16.254 100.717 20.621
201609 17.162 101.017 21.709
201612 16.941 101.217 21.387
201703 17.827 101.417 22.461
201706 17.024 102.117 21.302
201709 19.009 102.717 23.647
201712 17.508 102.617 21.801
201803 20.614 102.917 25.594
201806 17.542 104.017 21.549
201809 19.725 104.718 24.069
201812 18.213 104.217 22.331
201903 19.661 104.217 24.106
201906 18.900 105.718 22.844
201909 19.993 106.018 24.097
201912 19.266 105.818 23.265
202003 18.869 105.718 22.807
202006 17.986 106.618 21.556
202009 19.721 105.818 23.814
202012 20.125 105.518 24.371
202103 22.218 107.518 26.405
202106 21.945 108.486 25.848
202109 23.600 109.435 27.556
202112 22.114 110.384 25.599
202203 18.974 113.968 21.273
202206 17.467 115.760 19.281
202209 16.922 118.818 18.198
202212 14.807 119.345 15.853
202303 14.539 122.402 15.178
202306 14.533 123.140 15.080
202309 15.553 124.195 16.002
202312 13.986 123.773 14.439
202403 14.830 125.038 15.155
202406 15.039 125.882 15.266
202409 16.041 126.198 16.242
202412 16.057 127.041 16.150
202503 17.286 127.779 17.286

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.


adidas AG  (OTCPK:ADDYY) 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.


adidas AG Cyclically Adjusted PB Ratio Related Terms

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


adidas AG Business Description

Address
Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 1,900 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 67 countries. The company was founded in 1949 in Germany.