CRH (CRH) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)

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What is CRH Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation

CRH Cyclically Adjusted PB Ratio Historical Data

The historical data trend for CRH'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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CRH Cyclically Adjusted PB Ratio Chart

CRH Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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2.01

2.12

2.42

1.58

2.63

CRH Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															2.42	-	1.58	-	2.63

Competitive Comparison of CRH's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, CRH'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.

CRH's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, CRH's Cyclically Adjusted PB Ratio distribution charts can be found below:

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

CRH 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.

CRH's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CRH'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)
	=	28	/	120.1096	*	120.1096
	=	28.000

Current CPI (Dec23) = 120.1096.

CRH Annual Data

	Book Value per Share	CPI	Adj_Book
201412	16.705	99.576	20.150
201512	17.286	99.676	20.830
201612	17.555	99.676	21.154
201712	20.721	100.075	24.869
201812	22.491	100.773	26.807
201912	24.096	102.068	28.355
202012	25.037	101.072	29.753
202112	26.253	106.653	29.565
202212	29.750	115.425	30.957
202312	28.000	120.110	28.000

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.

CRH (NYSE:CRH) 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.

CRH Cyclically Adjusted PB Ratio Related Terms

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CRH (CRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » CRH PLC (NYSE:CRH) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

CRH:USA CRHl:UK CRH:UK CRG:Germany

Address

Stonemason’s Way, Rathfarnham, Dublin, IRL, D16 KH51

Website

https://www.crh.com

CRH is a global manufacturer of a range of building products used in construction projects, operating via a vertically integrated business model. The past decade has seen CRH transform into a leading building materials business, with increasing exposure to upstream building activities such as aggregates and cement. CRH's geographic footprint is mostly across developed markets. North America is CRH's largest market and accounts for 59% of sales. The company is the largest producer of aggregates and asphalt in the U.S.