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Fraport AG (Fraport AG) Cyclically Adjusted PB Ratio : 0.92 (As of Apr. 28, 2024)


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What is Fraport AG Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Fraport AG's current share price is $23.99. Fraport AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $26.05. Fraport AG's Cyclically Adjusted PB Ratio for today is 0.92.

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

FPRUY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.26   Max: 2.49
Current: 1

During the past years, Fraport AG's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 0.79. And the median was 1.26.

FPRUY's Cyclically Adjusted PB Ratio is ranked better than
60.12% of 687 companies
in the Transportation industry
Industry Median: 1.21 vs FPRUY: 1.00

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.

Fraport AG's adjusted book value per share data for the three months ended in Dec. 2023 was $25.487. 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 $26.05 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fraport AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fraport 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.

Fraport AG Cyclically Adjusted PB Ratio Chart

Fraport AG 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 1.99 1.26 1.43 0.84 1.16

Fraport AG 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 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 0.84 1.00 1.04 1.06 1.16

Competitive Comparison of Fraport AG's Cyclically Adjusted PB Ratio

For the Airports & Air Services subindustry, Fraport 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.


Fraport AG's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Fraport 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.99/26.05
=0.92

* 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.

Fraport AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fraport AG's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=25.487/123.6675*123.6675
=25.487

Current CPI (Dec. 2023) = 123.6675.

Fraport AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 23.091 99.543 28.687
201406 22.499 99.543 27.952
201409 22.317 99.823 27.648
201412 21.524 99.543 26.741
201503 19.229 99.717 23.848
201506 19.688 100.417 24.247
201509 20.552 100.417 25.311
201512 20.282 99.717 25.154
201603 20.786 100.017 25.701
201606 20.763 100.717 25.494
201609 21.537 101.017 26.366
201612 21.360 101.217 26.098
201703 21.803 101.417 26.587
201706 22.464 102.117 27.205
201709 24.922 102.717 30.005
201712 24.773 102.617 29.855
201803 25.890 102.917 31.110
201806 24.305 104.017 28.897
201809 25.539 104.718 30.161
201812 25.737 104.217 30.540
201903 25.812 104.217 30.629
201906 25.489 105.718 29.817
201909 26.209 106.018 30.572
201912 26.717 105.818 31.224
202003 25.942 105.718 30.347
202006 25.201 106.618 29.231
202009 24.146 105.818 28.219
202012 23.825 105.518 27.923
202103 22.927 107.518 26.371
202106 23.841 108.486 27.177
202109 23.879 109.435 26.985
202112 22.950 110.384 25.712
202203 21.993 113.968 23.865
202206 21.485 115.760 22.953
202209 20.703 118.818 21.548
202212 22.412 119.345 23.224
202303 22.518 122.402 22.751
202306 23.472 123.140 23.572
202309 24.720 124.195 24.615
202312 25.487 123.668 25.487

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.


Fraport AG  (OTCPK:FPRUY) 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.


Fraport AG Cyclically Adjusted PB Ratio Related Terms

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


Fraport AG (Fraport AG) Business Description

Industry
Address
Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Fraport AG is a German airport operator. The company derives the majority of income domestically, principally through the operation of the Frankfurt airport. Fraport is organized into four segments: aviation, retail and real estate, ground handling, and International activities and services. Aviation, the largest contributor to revenue, includes terminal management, corporate safety, and airport security management. The retail and real estate segment involves retailing, parking lot operations, and renting areas at its airport sites. The ground handling segment provides ground infrastructure services to Fraport's airports. The International activities and services segment includes IT and telecommunication services, and facility and infrastructure management.