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Koc Holding AS (Koc Holding AS) Cyclically Adjusted PB Ratio : 7.16 (As of Apr. 28, 2024)


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What is Koc Holding AS Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Koc Holding AS's current share price is $34.95. Koc Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $4.88. Koc Holding AS's Cyclically Adjusted PB Ratio for today is 7.16.

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

KHOLY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.39   Med: 2.19   Max: 7.8
Current: 7.61

During the past years, Koc Holding AS's highest Cyclically Adjusted PB Ratio was 7.80. The lowest was 1.39. And the median was 2.19.

KHOLY's Cyclically Adjusted PB Ratio is ranked worse than
96.15% of 416 companies
in the Conglomerates industry
Industry Median: 0.92 vs KHOLY: 7.61

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.

Koc Holding AS's adjusted book value per share data for the three months ended in Dec. 2023 was $27.453. 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 $4.88 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Koc Holding AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Koc Holding AS'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.

Koc Holding AS Cyclically Adjusted PB Ratio Chart

Koc Holding AS 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 2.21 2.03 2.21 4.34 4.97

Koc Holding AS 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 4.34 3.65 4.55 5.90 4.97

Competitive Comparison of Koc Holding AS's Cyclically Adjusted PB Ratio

For the Conglomerates subindustry, Koc Holding AS'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.


Koc Holding AS's Cyclically Adjusted PB Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Koc Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Koc Holding AS 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.

Koc Holding AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.95/4.88
=7.16

* 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.

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

For example, Koc Holding AS'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)
=27.453/129.4194*129.4194
=27.453

Current CPI (Dec. 2023) = 129.4194.

Koc Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 16.553 99.695 21.488
201406 17.774 100.560 22.875
201409 17.641 100.428 22.734
201412 17.483 99.070 22.839
201503 15.334 99.621 19.921
201506 15.211 100.684 19.552
201509 14.077 100.392 18.147
201512 15.621 99.792 20.259
201603 16.154 100.470 20.809
201606 16.152 101.688 20.557
201609 16.501 101.861 20.965
201612 14.563 101.863 18.503
201703 14.090 102.862 17.728
201706 15.490 103.349 19.397
201709 16.344 104.136 20.312
201712 15.377 104.011 19.133
201803 14.823 105.290 18.220
201806 13.080 106.317 15.922
201809 10.045 106.507 12.206
201812 12.343 105.998 15.070
201903 11.735 107.251 14.161
201906 11.559 108.070 13.843
201909 12.019 108.329 14.359
201912 12.224 108.420 14.592
202003 12.429 108.902 14.771
202006 11.780 108.767 14.017
202009 11.419 109.815 13.458
202012 11.848 109.897 13.953
202103 12.781 111.754 14.801
202106 11.708 114.631 13.218
202109 12.741 115.734 14.248
202112 9.259 117.630 10.187
202203 9.975 121.301 10.643
202206 11.581 125.017 11.989
202209 13.288 125.227 13.733
202212 38.664 125.222 39.960
202303 16.463 127.348 16.731
202306 15.024 128.729 15.105
202309 15.643 129.860 15.590
202312 27.453 129.419 27.453

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.


Koc Holding AS  (OTCPK:KHOLY) 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.


Koc Holding AS Cyclically Adjusted PB Ratio Related Terms

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


Koc Holding AS (Koc Holding AS) Business Description

Traded in Other Exchanges
Address
Nakkastepe Azizbey Sokak No.1, Kuzguncuk-Uskuda, Uskudar, Istanbul, TUR, 34674
Koc Holding is a Turkish conglomerate. The group's businesses operate in the energy refining, fuel distribution, liquefied petroleum gas distribution, power generation, natural gas, automotive, automotive retailing, farm tractors, defense, white goods, consumer electronics, air conditioning, banking, leasing, REIT, factoring, brokerage, asset-management, consumer finance, food production, food production distribution, do-it-yourself retailing, tourism, marina operations, information technology, and ship and yacht construction industries. The largest segment by sales is energy, containing the fuel distribution, refining, and power generation businesses.

Koc Holding AS (Koc Holding AS) Headlines

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