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Puma SE (FRA:PUM) Cyclically Adjusted PB Ratio : 2.95 (As of Apr. 28, 2024)


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What is Puma SE Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Puma SE's current share price is €43.02. Puma SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €14.59. Puma SE's Cyclically Adjusted PB Ratio for today is 2.95.

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

FRA:PUM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.61   Med: 4.48   Max: 9.44
Current: 2.99

During the past years, Puma SE's highest Cyclically Adjusted PB Ratio was 9.44. The lowest was 2.61. And the median was 4.48.

FRA:PUM's Cyclically Adjusted PB Ratio is ranked worse than
80.4% of 643 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.96 vs FRA:PUM: 2.99

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.

Puma SE's adjusted book value per share data for the three months ended in Dec. 2023 was €17.040. 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 €14.59 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Puma SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Puma SE'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.

Puma SE Cyclically Adjusted PB Ratio Chart

Puma SE 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 5.96 7.99 8.71 4.13 3.46

Puma SE 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 4.13 4.01 3.85 4.04 3.46

Competitive Comparison of Puma SE's Cyclically Adjusted PB Ratio

For the Footwear & Accessories subindustry, Puma SE'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.


Puma SE's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



Puma SE 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.

Puma SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.02/14.59
=2.95

* 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.

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

For example, Puma SE'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)
=17.04/123.6675*123.6675
=17.040

Current CPI (Dec. 2023) = 123.6675.

Puma SE Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.023 99.543 12.452
201406 10.080 99.543 12.523
201409 10.704 99.823 13.261
201412 10.677 99.543 13.265
201503 11.551 99.717 14.325
201506 10.981 100.417 13.524
201509 10.885 100.417 13.405
201512 10.785 99.717 13.375
201603 10.500 100.017 12.983
201606 10.679 100.717 13.112
201609 10.917 101.017 13.365
201612 11.425 101.217 13.959
201703 11.580 101.417 14.121
201706 10.912 102.117 13.215
201709 11.021 102.717 13.269
201712 10.876 102.617 13.107
201803 11.147 102.917 13.394
201806 10.688 104.017 12.707
201809 11.424 104.718 13.491
201812 11.392 104.217 13.518
201903 12.018 104.217 14.261
201906 11.804 105.718 13.808
201909 13.027 106.018 15.196
201912 12.528 105.818 14.641
202003 12.776 105.718 14.945
202006 11.872 106.618 13.771
202009 11.873 105.818 13.876
202012 11.515 105.518 13.496
202103 13.094 107.518 15.061
202106 13.128 108.486 14.965
202109 14.570 109.435 16.465
202112 14.794 110.384 16.574
202203 16.245 113.968 17.628
202206 16.737 115.760 17.880
202209 18.806 118.818 19.574
202212 16.505 119.345 17.103
202303 16.964 122.402 17.139
202306 16.671 123.140 16.742
202309 17.889 124.195 17.813
202312 17.040 123.668 17.040

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.


Puma SE  (FRA:PUM) 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.


Puma SE Cyclically Adjusted PB Ratio Related Terms

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


Puma SE (FRA:PUM) Business Description

Address
Puma Way 1, Herzogenaurach, BY, DEU, 91074
Puma designs and markets footwear, apparel, and accessories under its own name and golf clubs and golf accessories under the Cobra Golf name. Footwear (51% of 2022 sales) is its largest category, followed by apparel (34%) and accessories (15%). Puma also licenses its name for fragrances, eyewear, and watches. Most (77% in 2022) of its sales are through wholesale partners, with the rest through approximately 1,000 owned retail and outlet stores and online channels. The company's products are sold in Europe, the Middle East, and Africa (36.8% of 2022 sales), the Americas (43.5%), and Asia-Pacific (19.7%).
Executives
Bjørn Gulden Board of Directors

Puma SE (FRA:PUM) Headlines

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