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Arcelik AS (IST:ARCLK) Cyclically Adjusted PB Ratio : 6.69 (As of Jun. 09, 2024)


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What is Arcelik AS Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Arcelik AS's current share price is ₺166.90. Arcelik AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₺24.96. Arcelik AS's Cyclically Adjusted PB Ratio for today is 6.69.

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

IST:ARCLK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.64   Med: 3.18   Max: 8.55
Current: 6.69

During the past years, Arcelik AS's highest Cyclically Adjusted PB Ratio was 8.55. The lowest was 1.64. And the median was 3.18.

IST:ARCLK's Cyclically Adjusted PB Ratio is ranked worse than
90.94% of 309 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.47 vs IST:ARCLK: 6.69

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.

Arcelik AS's adjusted book value per share data for the three months ended in Mar. 2024 was ₺97.217. 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 ₺24.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arcelik AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Arcelik AS'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.

Arcelik AS Cyclically Adjusted PB Ratio Chart

Arcelik AS 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 2.59 3.26 4.10 6.71 5.76

Arcelik AS 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 6.59 6.82 7.99 5.76 5.93

Competitive Comparison of Arcelik AS's Cyclically Adjusted PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS'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.


Arcelik AS's Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Arcelik AS 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.

Arcelik AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=166.90/24.96
=6.69

* 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.

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

For example, Arcelik AS'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)
=97.217/131.7762*131.7762
=97.217

Current CPI (Mar. 2024) = 131.7762.

Arcelik AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.066 100.560 7.949
201409 6.281 100.428 8.242
201412 6.446 99.070 8.574
201503 6.288 99.621 8.318
201506 6.396 100.684 8.371
201509 6.998 100.392 9.186
201512 6.892 99.792 9.101
201603 6.772 100.470 8.882
201606 7.195 101.688 9.324
201609 7.789 101.861 10.077
201612 8.847 101.863 11.445
201703 8.913 102.862 11.418
201706 9.165 103.349 11.686
201709 9.639 104.136 12.197
201712 10.183 104.011 12.901
201803 9.978 105.290 12.488
201806 10.636 106.317 13.183
201809 13.262 106.507 16.409
201812 12.110 105.998 15.055
201903 12.962 107.251 15.926
201906 13.394 108.070 16.332
201909 13.330 108.329 16.215
201912 14.293 108.420 17.372
202003 14.542 108.902 17.597
202006 15.864 108.767 19.220
202009 18.793 109.815 22.551
202012 20.452 109.897 24.524
202103 21.096 111.754 24.876
202106 22.570 114.631 25.946
202109 21.920 115.734 24.958
202112 28.685 117.630 32.135
202203 33.250 121.301 36.121
202206 36.047 125.017 37.996
202209 37.355 125.227 39.309
202212 85.264 125.222 89.727
202303 38.471 127.348 39.809
202306 50.378 128.729 51.571
202309 54.281 129.860 55.082
202312 87.616 129.419 89.212
202403 97.217 131.776 97.217

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.


Arcelik AS  (IST:ARCLK) 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.


Arcelik AS Cyclically Adjusted PB Ratio Related Terms

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


Arcelik AS (IST:ARCLK) Business Description

Traded in Other Exchanges
Address
Karaagac Caddesi No 2-6, Sutluce, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. The company generates most of its revenue from white products. The company has factories in a number of countries, such as Turkey, Romania, Russia, China, South Africa, and Thailand. It has a worldwide business presence, including Turkey, Europe, Africa, and the Middle East, with Turkey and Western Europe as the largest markets.

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