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Graco (FRA:GA8) Cyclically Adjusted PB Ratio : 10.70 (As of May. 18, 2024)


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What is Graco Cyclically Adjusted PB Ratio?

As of today (2024-05-18), Graco's current share price is €76.00. Graco's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €7.10. Graco's Cyclically Adjusted PB Ratio for today is 10.70.

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

FRA:GA8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.52   Med: 13.16   Max: 18.14
Current: 10.78

During the past years, Graco's highest Cyclically Adjusted PB Ratio was 18.14. The lowest was 9.52. And the median was 13.16.

FRA:GA8's Cyclically Adjusted PB Ratio is ranked worse than
95.53% of 2060 companies
in the Industrial Products industry
Industry Median: 1.85 vs FRA:GA8: 10.78

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.

Graco's adjusted book value per share data for the three months ended in Mar. 2024 was €12.705. 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 €7.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graco Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Graco'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.

Graco Cyclically Adjusted PB Ratio Chart

Graco 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 13.97 17.32 15.59 10.72 11.82

Graco 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 11.09 12.57 10.20 11.82 12.13

Competitive Comparison of Graco's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Graco'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.


Graco's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Graco's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Graco 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.

Graco's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=76.00/7.1
=10.70

* 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.

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

For example, Graco'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)
=12.705/131.7762*131.7762
=12.705

Current CPI (Mar. 2024) = 131.7762.

Graco Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.668 100.560 3.496
201409 2.810 100.428 3.687
201412 2.722 99.070 3.621
201503 3.238 99.621 4.283
201506 3.665 100.684 4.797
201509 3.381 100.392 4.438
201512 3.529 99.792 4.660
201603 3.428 100.470 4.496
201606 3.603 101.688 4.669
201609 3.796 101.861 4.911
201612 3.248 101.863 4.202
201703 3.181 102.862 4.075
201706 3.452 103.349 4.402
201709 3.587 104.136 4.539
201712 3.609 104.011 4.572
201803 3.519 105.290 4.404
201806 3.645 106.317 4.518
201809 4.102 106.507 5.075
201812 4.001 105.998 4.974
201903 4.488 107.251 5.514
201906 4.913 108.070 5.991
201909 5.356 108.329 6.515
201912 5.514 108.420 6.702
202003 5.534 108.902 6.696
202006 5.470 108.767 6.627
202009 5.908 109.815 7.090
202012 6.261 109.897 7.508
202103 6.854 111.754 8.082
202106 7.243 114.631 8.326
202109 7.823 115.734 8.907
202112 8.883 117.630 9.951
202203 9.069 121.301 9.852
202206 9.830 125.017 10.361
202209 10.717 125.227 11.278
202212 10.468 125.222 11.016
202303 11.021 127.348 11.404
202306 11.559 128.729 11.833
202309 12.149 129.860 12.328
202312 12.144 129.419 12.365
202403 12.705 131.776 12.705

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.


Graco  (FRA:GA8) 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.


Graco Cyclically Adjusted PB Ratio Related Terms

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


Graco (FRA:GA8) Business Description

Industry
Traded in Other Exchanges
Address
88-11th Avenue Northeast, Minneapolis, MN, USA, 55413
Graco manufactures equipment used for managing fluids, coatings, and adhesives, specializing in difficult-to-handle materials. Graco's business is organized into three segments: industrial, process, and contractor. The Minnesota-based firm serves a wide range of end markets, including industrial, automotive, and construction, and its broad array of products include pumps, valves, meters, sprayers, and equipment used to apply coatings, sealants, and adhesives. The firm generated roughly $2.1 billion in sales and $573 million in operating income in 2022.

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