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Metrovacesa (FRA:MS6N) Cyclically Adjusted PB Ratio : 0.69 (As of May. 20, 2024)


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What is Metrovacesa Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Metrovacesa's current share price is €9.17. Metrovacesa's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 was €13.29. Metrovacesa's Cyclically Adjusted PB Ratio for today is 0.69.

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

FRA:MS6N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.53   Max: 0.68
Current: 0.68

During the past years, Metrovacesa's highest Cyclically Adjusted PB Ratio was 0.68. The lowest was 0.42. And the median was 0.53.

FRA:MS6N's Cyclically Adjusted PB Ratio is ranked better than
72.73% of 77 companies
in the Homebuilding & Construction industry
Industry Median: 1.32 vs FRA:MS6N: 0.68

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.

Metrovacesa's adjusted book value per share data for the three months ended in Jun. 2023 was €11.356. 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 €13.29 for the trailing ten years ended in Jun. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metrovacesa Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Metrovacesa'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.

Metrovacesa Cyclically Adjusted PB Ratio Chart

Metrovacesa Annual Data
Trend Dec12 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 - - 0.49 0.48 -

Metrovacesa Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.47 0.48 0.54 0.53 -

Competitive Comparison of Metrovacesa's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, Metrovacesa'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.


Metrovacesa's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Metrovacesa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Metrovacesa 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.17/13.29
=0.69

* 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.

Metrovacesa's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Metrovacesa's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=11.356/120.2784*120.2784
=11.356

Current CPI (Jun. 2023) = 120.2784.

Metrovacesa Quarterly Data

Book Value per Share CPI Adj_Book
201006 11.941 94.114 15.261
201009 8.309 93.993 10.633
201012 10.733 95.953 13.454
201103 11.537 96.085 14.442
201106 2.187 97.111 2.709
201109 2.063 96.946 2.560
201112 1.848 98.235 2.263
201203 1.784 97.909 2.192
201206 1.661 98.952 2.019
201209 1.607 100.254 1.928
201212 17.195 101.052 20.467
201303 17.268 100.284 20.711
201512 11.553 100.268 13.859
201609 0.000 99.737 0.000
201612 0.325 101.842 0.384
201706 0.000 101.848 0.000
201709 13.600 101.524 16.112
201712 15.806 102.975 18.462
201803 15.842 102.122 18.659
201806 15.813 104.165 18.259
201809 15.793 103.818 18.297
201812 15.809 104.193 18.250
201903 15.775 103.488 18.334
201906 15.519 104.612 17.843
201909 15.478 103.905 17.917
201912 15.458 105.015 17.705
202003 15.416 103.469 17.920
202006 14.955 104.254 17.254
202009 14.913 103.521 17.327
202012 14.393 104.456 16.573
202103 14.378 104.857 16.493
202106 13.981 107.102 15.701
202109 14.064 107.669 15.711
202112 13.732 111.298 14.840
202203 13.803 115.153 14.417
202206 13.211 118.044 13.461
202209 13.239 117.221 13.584
202212 11.924 117.650 12.190
202303 11.901 118.948 12.034
202306 11.356 120.278 11.356

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.


Metrovacesa  (FRA:MS6N) 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.


Metrovacesa Cyclically Adjusted PB Ratio Related Terms

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


Metrovacesa (FRA:MS6N) Business Description

Traded in Other Exchanges
Address
Quintanavides street, 13, Parque vía Norte, Madrid, ESP, 28050
Metrovacesa SA is a real estate company. Its operations mainly focus on the development and sale of residential property on land classified as suitable for development. Operating segments is Residential, Commercial and Others. The company earns majority of its revenue through Residential segment. Geographically, it operates majorly in Spain.

Metrovacesa (FRA:MS6N) Headlines

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