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Ryder System (FRA:RYD) Cyclically Adjusted PB Ratio : 2.16 (As of May. 26, 2024)


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What is Ryder System Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Ryder System's current share price is €111.00. Ryder System's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €51.45. Ryder System's Cyclically Adjusted PB Ratio for today is 2.16.

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

FRA:RYD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.95   Max: 3.17
Current: 2.16

During the past years, Ryder System's highest Cyclically Adjusted PB Ratio was 3.17. The lowest was 0.57. And the median was 1.95.

FRA:RYD's Cyclically Adjusted PB Ratio is ranked worse than
60.33% of 663 companies
in the Business Services industry
Industry Median: 1.59 vs FRA:RYD: 2.16

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.

Ryder System's adjusted book value per share data for the three months ended in Mar. 2024 was €64.337. 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 €51.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ryder System Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ryder System'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.

Ryder System Cyclically Adjusted PB Ratio Chart

Ryder System 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 1.38 1.51 1.83 1.66 2.11

Ryder System 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 1.72 1.60 1.97 2.11 2.14

Competitive Comparison of Ryder System's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Ryder System'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.


Ryder System's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ryder System's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ryder System 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.

Ryder System's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.00/51.45
=2.16

* 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.

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

For example, Ryder System'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)
=64.337/131.7762*131.7762
=64.337

Current CPI (Mar. 2024) = 131.7762.

Ryder System Quarterly Data

Book Value per Share CPI Adj_Book
201406 27.252 100.560 35.712
201409 29.005 100.428 38.059
201412 27.815 99.070 36.998
201503 31.399 99.621 41.534
201506 31.942 100.684 41.806
201509 32.556 100.392 42.734
201512 34.103 99.792 45.033
201603 34.201 100.470 44.858
201606 34.068 101.688 44.148
201609 34.945 101.861 45.208
201612 36.391 101.863 47.078
201703 36.307 102.862 46.513
201706 35.378 103.349 45.109
201709 34.466 104.136 43.614
201712 45.344 104.011 57.448
201803 43.667 105.290 54.652
201806 45.809 106.317 56.779
201809 47.112 106.507 58.290
201812 41.976 105.998 52.184
201903 42.619 107.251 52.365
201906 43.271 108.070 52.763
201909 42.203 108.329 51.337
201912 41.831 108.420 50.842
202003 37.771 108.902 45.705
202006 35.625 108.767 43.161
202009 33.881 109.815 40.657
202012 34.506 109.897 41.376
202103 35.547 111.754 41.916
202106 37.325 114.631 42.907
202109 39.793 115.734 45.309
202112 46.036 117.630 51.573
202203 47.025 121.301 51.086
202206 52.341 125.017 55.171
202209 60.513 125.227 63.678
202212 59.899 125.222 63.034
202303 60.369 127.348 62.468
202306 62.767 128.729 64.253
202309 65.473 129.860 66.439
202312 64.103 129.419 65.270
202403 64.337 131.776 64.337

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.


Ryder System  (FRA:RYD) 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.


Ryder System Cyclically Adjusted PB Ratio Related Terms

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


Ryder System (FRA:RYD) Business Description

Traded in Other Exchanges
Address
11690 N.W. 105th Street, Miami, FL, USA, 33178
Ryder System Inc operates in three business segments: (1) Fleet Management Solutions which provides full-service leasing and leasing with flexible maintenance options, commercial rental and maintenance services of trucks, tractors and trailers to customers; (2) Supply Chain Solutions (SCS), which provides integrated logistics solutions, including distribution management, dedicated transportation, transportation management, brokerage, e-commerce, last mile, and professional services; and (3) Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.

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