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Basf SE (Basf SE) Cyclically Adjusted PB Ratio : 1.06 (As of May. 29, 2024)


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What is Basf SE Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Basf SE's current share price is $51.54. Basf SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $48.51. Basf SE's Cyclically Adjusted PB Ratio for today is 1.06.

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

BFFAF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.92   Med: 2.23   Max: 3.99
Current: 1.07

During the past years, Basf SE's highest Cyclically Adjusted PB Ratio was 3.99. The lowest was 0.92. And the median was 2.23.

BFFAF's Cyclically Adjusted PB Ratio is ranked better than
68.86% of 1127 companies
in the Chemicals industry
Industry Median: 1.66 vs BFFAF: 1.07

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.

Basf SE's adjusted book value per share data for the three months ended in Mar. 2024 was $45.264. 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 $48.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Basf SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Basf SE'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.

Basf SE Cyclically Adjusted PB Ratio Chart

Basf SE 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 2.04 1.87 1.64 1.10 1.10

Basf SE 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 1.11 1.01 0.96 1.10 1.17

Competitive Comparison of Basf SE's Cyclically Adjusted PB Ratio

For the Chemicals subindustry, Basf SE'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.


Basf SE's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Basf SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Basf SE 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.

Basf SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.54/48.51
=1.06

* 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.

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

For example, Basf SE'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)
=45.264/125.0381*125.0381
=45.264

Current CPI (Mar. 2024) = 125.0381.

Basf SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 38.612 99.543 48.502
201409 37.770 99.823 47.311
201412 37.071 99.543 46.566
201503 34.444 99.717 43.191
201506 36.364 100.417 45.280
201509 36.022 100.417 44.854
201512 36.667 99.717 45.978
201603 36.698 100.017 45.879
201606 34.715 100.717 43.098
201609 35.487 101.017 43.926
201612 36.530 101.217 45.127
201703 39.271 101.417 48.418
201706 38.699 102.117 47.385
201709 42.140 102.717 51.297
201712 43.598 102.617 53.124
201803 47.520 102.917 57.734
201806 43.761 104.017 52.605
201809 45.329 104.718 54.125
201812 43.419 104.217 52.093
201903 45.120 104.217 54.134
201906 49.218 105.718 58.213
201909 48.549 106.018 57.259
201912 50.200 105.818 59.318
202003 51.156 105.718 60.505
202006 46.114 106.618 54.081
202009 43.514 105.818 51.418
202012 44.673 105.518 52.937
202103 49.566 107.518 57.643
202106 48.906 108.486 56.368
202109 50.457 109.435 57.651
202112 50.184 110.384 56.846
202203 49.330 113.968 54.122
202206 52.793 115.760 57.024
202209 52.374 118.818 55.116
202212 46.899 119.345 49.136
202303 48.764 122.402 49.814
202306 46.119 123.140 46.830
202309 46.473 124.195 46.789
202312 43.103 123.773 43.544
202403 45.264 125.038 45.264

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.


Basf SE  (OTCPK:BFFAF) 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.


Basf SE Cyclically Adjusted PB Ratio Related Terms

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


Basf SE (Basf SE) Business Description

Industry
Address
Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, DEU, 67056
Founded in 1865 and based in Germany, BASF is the world's largest chemical company, with products spanning the full spectrum of commodities to specialties. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market position in approximately 70% of its businesses.