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Andritz AG (WBO:ANDR) Cyclically Adjusted PB Ratio : 3.41 (As of May. 15, 2024)


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What is Andritz AG Cyclically Adjusted PB Ratio?

As of today (2024-05-15), Andritz AG's current share price is €54.40. Andritz AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.94. Andritz AG's Cyclically Adjusted PB Ratio for today is 3.41.

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

WBO:ANDR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.38   Med: 3.59   Max: 5.43
Current: 3.4

During the past years, Andritz AG's highest Cyclically Adjusted PB Ratio was 5.43. The lowest was 2.38. And the median was 3.59.

WBO:ANDR's Cyclically Adjusted PB Ratio is ranked worse than
78.05% of 123 companies
in the Industrial Distribution industry
Industry Median: 1.31 vs WBO:ANDR: 3.40

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.

Andritz AG's adjusted book value per share data for the three months ended in Mar. 2024 was €20.541. 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 €15.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Andritz AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Andritz 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.

Andritz AG Cyclically Adjusted PB Ratio Chart

Andritz 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 3.59 3.34 3.71 3.79 3.59

Andritz AG 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 4.26 3.40 3.11 3.59 3.63

Competitive Comparison of Andritz AG's Cyclically Adjusted PB Ratio

For the Industrial Distribution subindustry, Andritz 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.


Andritz AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

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

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



Andritz 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=54.40/15.94
=3.41

* 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.

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

For example, Andritz AG'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)
=20.541/132.0288*132.0288
=20.541

Current CPI (Mar. 2024) = 132.0288.

Andritz AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.837 99.496 11.727
201409 9.378 99.586 12.433
201412 9.899 99.676 13.112
201503 9.486 99.992 12.525
201506 10.028 100.492 13.175
201509 10.206 100.292 13.436
201512 11.708 100.692 15.352
201603 10.422 100.692 13.666
201606 11.031 101.092 14.407
201609 11.656 101.192 15.208
201612 13.007 102.092 16.821
201703 11.853 102.592 15.254
201706 12.290 102.991 15.755
201709 12.468 103.591 15.891
201712 12.872 104.291 16.295
201803 11.542 104.491 14.584
201806 11.978 105.091 15.048
201809 12.341 105.691 15.416
201812 13.026 106.291 16.180
201903 11.778 106.391 14.616
201906 11.758 106.791 14.537
201909 11.220 106.991 13.846
201912 12.082 108.091 14.758
202003 11.880 108.024 14.520
202006 12.076 107.915 14.774
202009 11.888 108.348 14.486
202012 12.670 109.321 15.302
202103 12.434 110.186 14.899
202106 13.510 110.943 16.078
202109 14.255 111.916 16.817
202112 15.874 113.971 18.389
202203 17.320 117.647 19.437
202206 16.926 120.567 18.535
202209 18.731 123.811 19.974
202212 18.691 125.541 19.657
202303 17.768 128.461 18.262
202306 19.074 130.191 19.343
202309 20.319 131.272 20.436
202312 21.950 132.029 21.950
202403 20.541 132.029 20.541

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.


Andritz AG  (WBO:ANDR) 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.


Andritz AG Cyclically Adjusted PB Ratio Related Terms

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


Andritz AG (WBO:ANDR) Business Description

Address
Stattegger Strasse 18, Graz, AUT, 8045
Andritz AG is a producer of high-technology industrial machinery and operates through four operating segments: ANDRITZ Pulp & Paper provides sustainable technology, automation, and service solutions for the production of all types of pulp, paper, board, and tissue, ANDRITZ Metals includes suppliers of technologies, plants, and digital solutions in metal forming, and also includes automation and software solutions, process know-how, and service, ANDRITZ Hydro includes suppliers of electromechanical equipment and services for hydropower plants, and ANDRITZ Separation provides mechanical and thermal technologies as well as services and the related automation solutions for solid/liquid separation, serving the chemical, environmental, food, and the mining and minerals industries.