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Haynes International (Haynes International) Cyclically Adjusted PB Ratio : 1.86 (As of May. 15, 2024)


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What is Haynes International Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Haynes International's current share price is $59.355. Haynes International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $31.87. Haynes International's Cyclically Adjusted PB Ratio for today is 1.86.

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

HAYN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.38   Max: 2.54
Current: 1.86

During the past years, Haynes International's highest Cyclically Adjusted PB Ratio was 2.54. The lowest was 0.58. And the median was 1.38.

HAYN's Cyclically Adjusted PB Ratio is ranked worse than
50.1% of 2048 companies
in the Industrial Products industry
Industry Median: 1.85 vs HAYN: 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.

Haynes International's adjusted book value per share data for the three months ended in Mar. 2024 was $34.920. 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 $31.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Haynes International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Haynes International'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.

Haynes International Cyclically Adjusted PB Ratio Chart

Haynes International Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 0.62 1.29 1.13 1.45

Haynes International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.59 1.59 1.45 1.79 1.89

Competitive Comparison of Haynes International's Cyclically Adjusted PB Ratio

For the Metal Fabrication subindustry, Haynes International'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.


Haynes International's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Haynes International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Haynes International 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.

Haynes International's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.355/31.87
=1.86

* 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.

Haynes International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Haynes International's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=34.92/129.4194*129.4194
=34.920

Current CPI (Mar. 2024) = 129.4194.

Haynes International Quarterly Data

Book Value per Share CPI Adj_Book
201406 28.391 100.560 36.539
201409 27.920 100.428 35.980
201412 28.071 99.070 36.670
201503 28.716 99.621 37.305
201506 29.441 100.684 37.844
201509 27.478 100.392 35.423
201512 27.235 99.792 35.321
201603 27.068 100.470 34.867
201606 26.973 101.688 34.329
201609 24.922 101.861 31.665
201612 24.597 101.863 31.251
201703 24.558 102.862 30.898
201706 24.465 103.349 30.636
201709 26.681 104.136 33.159
201712 24.815 104.011 30.877
201803 24.777 105.290 30.455
201806 24.519 106.317 29.847
201809 26.648 106.507 32.381
201812 26.253 105.998 32.054
201903 26.343 107.251 31.788
201906 26.383 108.070 31.595
201909 23.676 108.329 28.285
201912 24.181 108.420 28.864
202003 24.179 108.902 28.735
202006 23.503 108.767 27.966
202009 23.886 109.815 28.150
202012 23.489 109.897 27.662
202103 23.162 111.754 26.823
202106 23.250 114.631 26.249
202109 27.330 115.734 30.562
202112 27.313 117.630 30.051
202203 27.716 121.301 29.571
202206 28.411 125.017 29.412
202209 30.088 125.227 31.095
202212 30.890 125.222 31.925
202303 31.871 127.348 32.389
202306 32.478 128.729 32.652
202309 34.114 129.860 33.998
202312 34.582 129.419 34.582
202403 34.920 129.419 34.920

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.


Haynes International  (NAS:HAYN) 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.


Haynes International Cyclically Adjusted PB Ratio Related Terms

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


Haynes International (Haynes International) Business Description

Traded in Other Exchanges
Address
1020 West Park Avenue, Kokomo, IN, USA, 46904-9013
Haynes International Inc is a producer of high-performance nickel and cobalt-based alloys. The company is focused on developing, manufacturing, marketing, and distributing technology and high-performance alloys. The company operates in a single segment: the design, manufacture, marketing, and distribution of technologically advanced, high-performance alloys for use in the aerospace, industrial gas turbine, chemical processing, and other industries Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, China, and other countries.
Executives
Lee M Pike officer: VP - Research and Technology 1020 WEST PARK AVENUE, KOKOMO IN 46904
Susan Perry officer: VP, HUMAN RESOURCES 1020 WEST PARK AVENUE, KOKOMO IN 46904
Brian R Shelton director 67 GLENMOOR DRIVE, ENGLEWOOD CO 80113
Alicia B Masse director 1020 WEST PARK AVENUE, PO BOX 9013, KOKOMO IN 46904-9013
Scott R Pinkham officer: V.P. - Manufacturing Planning 1020 WEST PARK AVENUE, KOKOMO IN 46904
Losch Marlin C Iii officer: V.P. - International Sales 14634 BEACON BOULEVARD, CARMEL IN 46032
Van Bibber David Sean officer: Controller, Chief Acctng Oficr C/O HAYNES INTERNATIONAL, INC., 1020 WEST PARK AVE., P.O. BOX 9013, KOKOMO IN 46904
Angela Kohlheim officer: General Counsel 1020 WEST PARK AVENUE, P.O. BOX 9013, KOKOMO IN 46904-9013
Venkat Ishwar officer: VP - Technology 1020 WEST PARK AVENUE, KOKOMO IN 46904
Donald C Campion director 3747 LOCH BEND DR., COMMERCE MI 48382
Michael L Shor director, officer: President and CEO CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612
David L Strobel officer: VP Operations C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612
Janice Catherine Wilken officer: VP-General Counsel & Secretary 1020 W. PARK AVENUE, P.O. BOX 9013, KOKOMO IN 46904-9013
Robert Getz director 830 THIRD AVENUE, 9TH FLOOR, NEW YORK NY 10022
Larry O Spencer director 2000 N M-63, BENTON HARBOR MI 49022