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Prosegur Compania De Seguridad (XMAD:PSG) Cyclically Adjusted PB Ratio : 0.92 (As of Apr. 28, 2024)


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What is Prosegur Compania De Seguridad Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Prosegur Compania De Seguridad's current share price is €1.63. Prosegur Compania De Seguridad's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €1.77. Prosegur Compania De Seguridad's Cyclically Adjusted PB Ratio for today is 0.92.

The historical rank and industry rank for Prosegur Compania De Seguridad's Cyclically Adjusted PB Ratio or its related term are showing as below:

XMAD:PSG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.47   Max: 3.71
Current: 0.92

During the past years, Prosegur Compania De Seguridad's highest Cyclically Adjusted PB Ratio was 3.71. The lowest was 0.78. And the median was 1.47.

XMAD:PSG's Cyclically Adjusted PB Ratio is ranked better than
69.81% of 646 companies
in the Business Services industry
Industry Median: 1.53 vs XMAD:PSG: 0.92

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.

Prosegur Compania De Seguridad's adjusted book value per share data for the three months ended in Dec. 2023 was €1.282. 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 €1.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Prosegur Compania De Seguridad Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Prosegur Compania De Seguridad'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.

Prosegur Compania De Seguridad Cyclically Adjusted PB Ratio Chart

Prosegur Compania De Seguridad 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 2.51 1.63 1.43 1.03 0.99

Prosegur Compania De Seguridad 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 1.03 1.05 0.93 0.86 0.99

Competitive Comparison of Prosegur Compania De Seguridad's Cyclically Adjusted PB Ratio

For the Security & Protection Services subindustry, Prosegur Compania De Seguridad'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.


Prosegur Compania De Seguridad's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Prosegur Compania De Seguridad's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Prosegur Compania De Seguridad's Cyclically Adjusted PB Ratio falls into.



Prosegur Compania De Seguridad 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.

Prosegur Compania De Seguridad's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.63/1.77
=0.92

* 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.

Prosegur Compania De Seguridad's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Prosegur Compania De Seguridad'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)
=1.282/121.2698*121.2698
=1.282

Current CPI (Dec. 2023) = 121.2698.

Prosegur Compania De Seguridad Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.354 100.139 1.640
201406 1.281 101.081 1.537
201409 1.400 100.441 1.690
201412 1.425 100.251 1.724
201503 1.573 99.474 1.918
201506 1.403 101.138 1.682
201509 1.288 99.559 1.569
201512 1.170 100.268 1.415
201603 1.183 98.638 1.454
201606 1.223 100.333 1.478
201609 1.227 99.737 1.492
201612 1.255 101.842 1.494
201703 2.452 100.896 2.947
201706 2.368 101.848 2.820
201709 2.372 101.524 2.833
201712 1.786 102.975 2.103
201803 1.797 102.122 2.134
201806 1.699 104.165 1.978
201809 1.758 103.818 2.054
201812 1.667 104.193 1.940
201903 1.599 103.488 1.874
201906 1.674 104.612 1.941
201909 1.646 103.905 1.921
201912 1.453 105.015 1.678
202003 1.663 103.469 1.949
202006 1.604 104.254 1.866
202009 1.385 103.521 1.622
202012 1.279 104.456 1.485
202103 1.352 104.857 1.564
202106 1.433 107.102 1.623
202109 1.464 107.669 1.649
202112 1.288 111.298 1.403
202203 1.522 115.153 1.603
202206 1.694 118.044 1.740
202209 1.658 117.221 1.715
202212 1.423 117.650 1.467
202303 1.547 118.948 1.577
202306 1.551 120.278 1.564
202309 1.537 121.343 1.536
202312 1.282 121.270 1.282

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.


Prosegur Compania De Seguridad  (XMAD:PSG) 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.


Prosegur Compania De Seguridad Cyclically Adjusted PB Ratio Related Terms

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


Prosegur Compania De Seguridad (XMAD:PSG) Business Description

Traded in Other Exchanges
Address
Calle Pajaritos 24, Madrid, ESP, 28007
Prosegur Compania De Seguridad SA is a security company. The company is organized into segments that include security, cash, alarms, cybersecurity, and AVOS. The company also differs in that much of its revenue and operating profit is derived from cash-in-transit services--that is, armored-car cash pickups--as well as ancillary services, such as ATM management, cash counting, and reconciliation.

Prosegur Compania De Seguridad (XMAD:PSG) Headlines

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