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Bellevue Group AG (XSWX:BBN) Cyclically Adjusted PB Ratio : 1.48 (As of May. 14, 2024)


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What is Bellevue Group AG Cyclically Adjusted PB Ratio?

As of today (2024-05-14), Bellevue Group AG's current share price is CHF19.25. Bellevue Group AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF12.98. Bellevue Group AG's Cyclically Adjusted PB Ratio for today is 1.48.

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

XSWX:BBN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35   Med: 1.26   Max: 3.29
Current: 1.54

During the past 13 years, Bellevue Group AG's highest Cyclically Adjusted PB Ratio was 3.29. The lowest was 0.35. And the median was 1.26.

XSWX:BBN's Cyclically Adjusted PB Ratio is ranked worse than
81.99% of 933 companies
in the Asset Management industry
Industry Median: 0.79 vs XSWX:BBN: 1.54

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.

Bellevue Group AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF9.309. 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 CHF12.98 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bellevue Group AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bellevue Group 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.

Bellevue Group AG Cyclically Adjusted PB Ratio Chart

Bellevue Group 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 1.57 2.24 3.09 2.82 1.89

Bellevue Group AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 3.09 - 2.82 - 1.89

Competitive Comparison of Bellevue Group AG's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Bellevue Group 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.


Bellevue Group AG's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bellevue Group AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bellevue Group 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.25/12.98
=1.48

* 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.

Bellevue Group AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Bellevue Group AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=9.309/106.4611*106.4611
=9.309

Current CPI (Dec23) = 106.4611.

Bellevue Group AG Annual Data

Book Value per Share CPI Adj_Book
201412 13.468 100.704 14.238
201512 12.548 99.386 13.441
201612 11.803 99.380 12.644
201712 13.206 100.213 14.029
201812 14.716 100.906 15.526
201912 14.812 101.063 15.603
202012 12.397 100.241 13.166
202112 11.017 101.776 11.524
202212 10.128 104.666 10.302
202312 9.309 106.461 9.309

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.


Bellevue Group AG  (XSWX:BBN) 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.


Bellevue Group AG Cyclically Adjusted PB Ratio Related Terms

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


Bellevue Group AG (XSWX:BBN) Business Description

Traded in Other Exchanges
Address
Seestrasse 16, Kusnacht, Zurich, CHE, CH-8700
Bellevue Group AG is a Switzerland based company operating in the finance industry. It is principally engaged in the field of asset management and wealth management. The business operates in one segment. The segment consists of the operating business units Bellevue Asset Management, StarCapital and Bellevue Private Markets. It has a clear focus on managing equity portfolios for selected sector and regional strategies. Bellevue Asset Management has a clear focus on managing equity portfolios for selected sector and regional strategies, based on a fundamental and research-driven stock picking approach («bottom up»). A small part of the product range pursues a holistic asset management approach based on quantitative and experience-driven investment approaches with pronounced anti-cyclicality.