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Sonova Holding AG (Sonova Holding AG) Cyclically Adjusted PB Ratio : 7.16 (As of Apr. 29, 2024)


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What is Sonova Holding AG Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Sonova Holding AG's current share price is $270.05. Sonova Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was $37.71. Sonova Holding AG's Cyclically Adjusted PB Ratio for today is 7.16.

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

SONVF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.42   Med: 7.32   Max: 12.84
Current: 7.23

During the past 13 years, Sonova Holding AG's highest Cyclically Adjusted PB Ratio was 12.84. The lowest was 5.42. And the median was 7.32.

SONVF's Cyclically Adjusted PB Ratio is ranked worse than
85.53% of 456 companies
in the Medical Devices & Instruments industry
Industry Median: 2.11 vs SONVF: 7.23

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.

Sonova Holding AG's adjusted book value per share data of for the fiscal year that ended in Mar23 was $40.113. 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 $37.71 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonova Holding AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sonova Holding 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.

Sonova Holding AG Cyclically Adjusted PB Ratio Chart

Sonova Holding AG Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.16 6.06 8.10 11.62 7.56

Sonova Holding AG Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 11.62 - 7.56 -

Competitive Comparison of Sonova Holding AG's Cyclically Adjusted PB Ratio

For the Medical Devices subindustry, Sonova Holding 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.


Sonova Holding AG's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sonova Holding 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=270.05/37.71
=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.

Sonova Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Sonova Holding AG's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=40.113/106.2447*106.2447
=40.113

Current CPI (Mar23) = 106.2447.

Sonova Holding AG Annual Data

Book Value per Share CPI Adj_Book
201403 29.309 101.224 30.763
201503 28.068 100.339 29.720
201603 29.135 99.475 31.118
201703 31.970 100.040 33.953
201803 39.326 100.836 41.436
201903 36.309 101.571 37.980
202003 33.361 101.048 35.077
202103 46.881 100.800 49.413
202203 42.457 103.205 43.707
202303 40.113 106.245 40.113

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.


Sonova Holding AG  (OTCPK:SONVF) 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.


Sonova Holding AG Cyclically Adjusted PB Ratio Related Terms

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Sonova Holding AG (Sonova Holding AG) Business Description

Address
Laubisrutistrasse 28, Stafa, CHE, CH-8712
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants through its advanced bionics subsidiary and recently acquired Sennheiser's consumer division to expand into audio technologies.

Sonova Holding AG (Sonova Holding AG) Headlines

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