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Swisscom AG (XSWX:SCMN) Cyclically Adjusted PB Ratio : 3.04 (As of May. 16, 2024)


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What is Swisscom AG Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Swisscom AG's current share price is CHF503.50. Swisscom AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was CHF165.53. Swisscom AG's Cyclically Adjusted PB Ratio for today is 3.04.

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

XSWX:SCMN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.98   Med: 4.3   Max: 5.78
Current: 3.04

During the past years, Swisscom AG's highest Cyclically Adjusted PB Ratio was 5.78. The lowest was 2.98. And the median was 4.30.

XSWX:SCMN's Cyclically Adjusted PB Ratio is ranked worse than
78.25% of 285 companies
in the Telecommunication Services industry
Industry Median: 1.47 vs XSWX:SCMN: 3.04

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.

Swisscom AG's adjusted book value per share data for the three months ended in Mar. 2024 was CHF235.127. 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 CHF165.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swisscom AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Swisscom 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.

Swisscom AG Cyclically Adjusted PB Ratio Chart

Swisscom 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 4.43 3.95 3.87 3.40 3.11

Swisscom 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 3.78 3.54 3.39 3.11 3.33

Competitive Comparison of Swisscom AG's Cyclically Adjusted PB Ratio

For the Telecom Services subindustry, Swisscom 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.


Swisscom AG's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Swisscom AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Swisscom 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=503.50/165.53
=3.04

* 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.

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

For example, Swisscom 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)
=235.127/107.3549*107.3549
=235.127

Current CPI (Mar. 2024) = 107.3549.

Swisscom AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 101.851 101.517 107.708
201409 102.313 101.247 108.485
201412 105.846 100.704 112.837
201503 100.286 100.339 107.299
201506 94.977 100.464 101.492
201509 95.865 99.785 103.137
201512 101.097 99.386 109.203
201603 94.861 99.475 102.375
201606 82.181 100.088 88.148
201609 87.777 99.604 94.607
201612 125.752 99.380 135.844
201703 133.107 100.040 142.840
201706 126.212 100.285 135.109
201709 138.180 100.254 147.968
201712 147.794 100.213 158.327
201803 162.349 100.836 172.845
201806 148.605 101.435 157.278
201809 160.786 101.246 170.488
201812 158.740 100.906 168.885
201903 161.906 101.571 171.126
201906 152.273 102.044 160.198
201909 154.183 101.396 163.245
201912 171.269 101.063 181.931
202003 174.782 101.048 185.692
202006 159.048 100.743 169.486
202009 166.403 100.585 177.604
202012 183.198 100.241 196.200
202103 201.942 100.800 215.074
202106 194.163 101.352 205.663
202109 203.429 101.533 215.095
202112 208.699 101.776 220.140
202203 217.347 103.205 226.087
202206 201.112 104.783 206.049
202209 207.764 104.835 212.758
202212 215.591 104.666 221.129
202303 225.706 106.245 228.065
202306 210.880 106.576 212.422
202309 219.104 106.570 220.719
202312 224.297 106.461 226.180
202403 235.127 107.355 235.127

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.


Swisscom AG  (XSWX:SCMN) 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.


Swisscom AG Cyclically Adjusted PB Ratio Related Terms

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


Swisscom AG (XSWX:SCMN) Business Description

Traded in Other Exchanges
Address
Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, CH-3050
Swisscom is the incumbent telecom operator in Switzerland, with a high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. It also owns Fastweb in Italy, which has a broadband network and operates as a wireless reseller.

Swisscom AG (XSWX:SCMN) Headlines

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