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AAK AB (LTS:0A0J) Cyclically Adjusted PB Ratio : 6.39 (As of Jun. 10, 2024)


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What is AAK AB Cyclically Adjusted PB Ratio?

As of today (2024-06-10), AAK AB's current share price is kr293.50. AAK AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was kr45.94. AAK AB's Cyclically Adjusted PB Ratio for today is 6.39.

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

LTS:0A0J' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.97   Med: 6.22   Max: 8.51
Current: 6.35

During the past years, AAK AB's highest Cyclically Adjusted PB Ratio was 8.51. The lowest was 3.97. And the median was 6.22.

LTS:0A0J's Cyclically Adjusted PB Ratio is ranked worse than
90.94% of 1358 companies
in the Consumer Packaged Goods industry
Industry Median: 1.36 vs LTS:0A0J: 6.35

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.

AAK AB's adjusted book value per share data for the three months ended in Mar. 2024 was kr73.190. 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 kr45.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AAK AB Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AAK AB'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.

AAK AB Cyclically Adjusted PB Ratio Chart

AAK AB 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 7.24 6.05 6.24 4.57 4.99

AAK AB 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 4.67 4.83 4.54 4.99 5.49

Competitive Comparison of AAK AB's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, AAK AB'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.


AAK AB's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AAK AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AAK AB 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.

AAK AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=293.50/45.94
=6.39

* 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.

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

For example, AAK AB'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)
=73.19/132.2054*132.2054
=73.190

Current CPI (Mar. 2024) = 132.2054.

AAK AB Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.090 100.432 25.129
201409 20.906 100.161 27.594
201412 22.991 100.225 30.327
201503 25.198 99.950 33.330
201506 24.395 99.995 32.253
201509 25.195 100.228 33.233
201512 26.000 100.276 34.279
201603 26.008 100.751 34.128
201606 26.359 101.019 34.496
201609 27.727 101.138 36.244
201612 29.646 102.022 38.417
201703 30.639 102.022 39.704
201706 28.653 102.752 36.866
201709 28.909 103.279 37.006
201712 30.205 103.793 38.473
201803 33.059 103.962 42.040
201806 33.709 104.875 42.494
201809 34.438 105.679 43.082
201812 35.108 105.912 43.824
201903 38.092 105.886 47.560
201906 37.571 106.742 46.534
201909 40.547 107.214 49.999
201912 40.740 107.766 49.979
202003 42.573 106.563 52.817
202006 39.802 107.498 48.950
202009 40.992 107.635 50.349
202012 37.974 108.296 46.358
202103 41.926 108.360 51.152
202106 39.588 108.928 48.048
202109 42.929 110.338 51.437
202112 45.582 112.486 53.573
202203 49.112 114.825 56.546
202206 51.951 118.384 58.017
202209 58.414 122.296 63.147
202212 57.929 126.365 60.606
202303 61.142 127.042 63.627
202306 63.962 129.407 65.345
202309 66.933 130.224 67.952
202312 65.946 131.912 66.093
202403 73.190 132.205 73.190

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.


AAK AB  (LTS:0A0J) 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.


AAK AB Cyclically Adjusted PB Ratio Related Terms

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


AAK AB (LTS:0A0J) Business Description

Traded in Other Exchanges
Address
Skrivaregatan 9, Malmo, SWE, SE-215 32
AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food ingredients, Chocolate & confectionery fats, and Technical products & feed. The food ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. The majority is from the Food ingredients segment.

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