Ouro Finoude Animal Participacoes (BSP:OFSA3) Cyclically Adjusted PB Ratio : 1.86 (As of Apr. 27, 2024)

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What is Ouro Finoude Animal Participacoes Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Ouro Finoude Animal Participacoes's current share price is R$21.70. Ouro Finoude Animal Participacoes's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was R$11.64. Ouro Finoude Animal Participacoes's Cyclically Adjusted PB Ratio for today is 1.86.

The historical rank and industry rank for Ouro Finoude Animal Participacoes's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:OFSA3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.78 Med: 2 Max: 2.2
Current: 1.86

During the past 10 years, Ouro Finoude Animal Participacoes's highest Cyclically Adjusted PB Ratio was 2.20. The lowest was 1.78. And the median was 2.00.

BSP:OFSA3's Cyclically Adjusted PB Ratio is ranked worse than
52.86% of 647 companies
in the Drug Manufacturers industry
Industry Median: 1.75 vs BSP:OFSA3: 1.86

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.

Ouro Finoude Animal Participacoes's adjusted book value per share data of for the fiscal year that ended in Dec23 was R$12.821. 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 R$11.64 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation

Ouro Finoude Animal Participacoes Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ouro Finoude Animal Participacoes'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.

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Ouro Finoude Animal Participacoes Cyclically Adjusted PB Ratio Chart

Ouro Finoude Animal Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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2.24

Ouro Finoude Animal Participacoes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															-	-	-	-	2.24

Competitive Comparison of Ouro Finoude Animal Participacoes's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Ouro Finoude Animal Participacoes'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.

Ouro Finoude Animal Participacoes's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ouro Finoude Animal Participacoes's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ouro Finoude Animal Participacoes's Cyclically Adjusted PB Ratio falls into.

Ouro Finoude Animal Participacoes 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.

Ouro Finoude Animal Participacoes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	21.70	/	11.64
	=	1.86

Ouro Finoude Animal Participacoes's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Ouro Finoude Animal Participacoes'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)
	=	12.821	/	156.2729	*	156.2729
	=	12.821

Current CPI (Dec23) = 156.2729.

Ouro Finoude Animal Participacoes Annual Data

	Book Value per Share	CPI	Adj_Book
201412	6.119	94.194	10.152
201512	7.048	104.247	10.565
201612	6.976	110.802	9.839
201712	7.523	114.068	10.307
201812	8.451	118.340	11.160
201912	9.128	123.436	11.556
202012	10.395	129.012	12.591
202112	11.930	141.992	13.130
202212	13.688	150.207	14.241
202312	12.821	156.273	12.821

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.

Ouro Finoude Animal Participacoes (BSP:OFSA3) 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.

Ouro Finoude Animal Participacoes Cyclically Adjusted PB Ratio Related Terms

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

Ouro Finoude Animal Participacoes (BSP:OFSA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ouro Fino Saude Animal Participacoes SA (BSP:OFSA3) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anhanguera Highway SP 330, Km 298, Industrial District, Cravinhos, SP, BRA, 14140-000

Website

https://www.ourofinosaudeanimal.com

Ouro Fino Saude Animal Participacoes SA is engaged in the production and sale of veterinary drugs, vaccines, and other products for cattle, pigs, poultry, sheep, horses and goats and pets. The company reportable segments are Production animals, Companion animals, and International operations. It generates maximum revenue from the Production animals segment. The product portfolio includes Anticoccidials, Antimicrobials, Biological, Ectoparasiticides, Endectocides, Fortifiers / Supplements, and others.

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