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A2A SpA (A2A SpA) Cyclically Adjusted PB Ratio : 1.60 (As of May. 29, 2024)


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What is A2A SpA Cyclically Adjusted PB Ratio?

As of today (2024-05-29), A2A SpA's current share price is $8.23. A2A SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $5.14. A2A SpA's Cyclically Adjusted PB Ratio for today is 1.60.

The historical rank and industry rank for A2A SpA's Cyclically Adjusted PB Ratio or its related term are showing as below:

AEMMY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 1.43   Max: 1.74
Current: 1.63

During the past years, A2A SpA's highest Cyclically Adjusted PB Ratio was 1.74. The lowest was 1.13. And the median was 1.43.

AEMMY's Cyclically Adjusted PB Ratio is ranked worse than
55.78% of 450 companies
in the Utilities - Regulated industry
Industry Median: 1.42 vs AEMMY: 1.63

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.

A2A SpA's adjusted book value per share data for the three months ended in Dec. 2023 was $7.379. 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 $5.14 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


A2A SpA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for A2A SpA'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.

A2A SpA Cyclically Adjusted PB Ratio Chart

A2A SpA 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 1.55 1.30 1.63 1.07 1.61

A2A SpA Quarterly Data
Jun16 Sep16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 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 1.07 1.43 - 1.61 -

Competitive Comparison of A2A SpA's Cyclically Adjusted PB Ratio

For the Utilities - Diversified subindustry, A2A SpA'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.


A2A SpA's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, A2A SpA's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where A2A SpA's Cyclically Adjusted PB Ratio falls into.



A2A SpA 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.

A2A SpA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.23/5.14
=1.60

* 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.

A2A SpA's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, A2A SpA'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)
=7.379/119.7000*119.7000
=7.379

Current CPI (Dec. 2023) = 119.7000.

A2A SpA Quarterly Data

Book Value per Share CPI Adj_Book
201103 8.112 94.791 10.244
201106 7.713 95.442 9.673
201109 7.345 96.000 9.158
201112 5.861 96.837 7.245
201203 6.005 97.954 7.338
201206 5.593 98.605 6.790
201209 5.804 99.070 7.013
201212 6.012 99.070 7.264
201303 6.091 99.535 7.325
201306 6.138 99.814 7.361
201309 6.289 100.000 7.528
201312 6.155 99.721 7.388
201403 6.310 99.907 7.560
201406 6.000 100.093 7.175
201409 5.835 99.814 6.998
201412 5.119 99.721 6.145
201503 4.699 99.814 5.635
201506 4.800 100.279 5.730
201509 4.940 100.000 5.913
201512 4.640 99.814 5.564
201603 4.908 99.600 5.898
201606 4.941 99.900 5.920
201609 5.081 100.100 6.076
201612 4.624 100.300 5.518
201706 4.949 101.100 5.859
201712 5.477 101.200 6.478
201806 5.574 102.400 6.516
201812 5.736 102.300 6.712
201906 5.555 103.100 6.449
201912 5.877 102.800 6.843
202006 5.819 102.900 6.769
202012 6.920 102.600 8.073
202106 7.088 104.200 8.142
202112 6.918 106.600 7.768
202206 6.659 112.500 7.085
202209 0.000 114.200 0.000
202212 6.592 119.000 6.631
202306 6.711 119.700 6.711
202309 0.000 120.300 0.000
202312 7.379 119.700 7.379

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.


A2A SpA  (OTCPK:AEMMY) 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.


A2A SpA Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of A2A SpA's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


A2A SpA (A2A SpA) Business Description

Traded in Other Exchanges
Address
Via Lamarmora 230, Brescia, ITA, 25124
A2A SpA together with its subsidiaries is engaged in the production, sale, and distribution of electricity; sale and distribution of gas; production, distribution, and sale of heat through district heating networks and integrated water cycle management.

A2A SpA (A2A SpA) Headlines

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