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Atkore (STU:AOA) Cyclically Adjusted PB Ratio : 10.77 (As of May. 19, 2024)


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What is Atkore Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Atkore's current share price is €139.35. Atkore's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.94. Atkore's Cyclically Adjusted PB Ratio for today is 10.77.

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

STU:AOA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.5   Med: 11.88   Max: 12.71
Current: 10.5

During the past years, Atkore's highest Cyclically Adjusted PB Ratio was 12.71. The lowest was 10.50. And the median was 11.88.

STU:AOA's Cyclically Adjusted PB Ratio is ranked worse than
95.44% of 2060 companies
in the Industrial Products industry
Industry Median: 1.85 vs STU:AOA: 10.50

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.

Atkore's adjusted book value per share data for the three months ended in Mar. 2024 was €39.475. 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 €12.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atkore Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Atkore'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.

Atkore Cyclically Adjusted PB Ratio Chart

Atkore Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
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Atkore 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 - - - - 13.17

Competitive Comparison of Atkore's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Atkore'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.


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

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

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



Atkore 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=139.35/12.94
=10.77

* 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.

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

For example, Atkore'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)
=39.475/131.7762*131.7762
=39.475

Current CPI (Mar. 2024) = 131.7762.

Atkore Quarterly Data

Book Value per Share CPI Adj_Book
201309 0.000 98.790 0.000
201409 2.192 100.428 2.876
201412 0.000 99.070 0.000
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 2.228 100.392 2.925
201512 2.426 99.792 3.204
201603 2.577 100.470 3.380
201606 2.848 101.688 3.691
201609 3.670 101.861 4.748
201612 4.214 101.863 5.452
201703 4.521 102.862 5.792
201706 4.789 103.349 6.106
201709 4.783 104.136 6.053
201712 5.170 104.011 6.550
201803 1.081 105.290 1.353
201806 1.373 106.317 1.702
201809 2.222 106.507 2.749
201812 2.318 105.998 2.882
201903 3.035 107.251 3.729
201906 3.840 108.070 4.682
201909 4.504 108.329 5.479
201912 5.158 108.420 6.269
202003 5.667 108.902 6.857
202006 6.092 108.767 7.381
202009 6.777 109.815 8.132
202012 7.710 109.897 9.245
202103 10.194 111.754 12.020
202106 12.189 114.631 14.012
202109 15.980 115.734 18.195
202112 18.377 117.630 20.587
202203 21.175 121.301 23.004
202206 25.531 125.017 26.911
202209 30.720 125.227 32.327
202212 30.191 125.222 31.771
202303 32.330 127.348 33.454
202306 34.501 128.729 35.318
202309 36.862 129.860 37.406
202312 37.329 129.419 38.009
202403 39.475 131.776 39.475

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.


Atkore  (STU:AOA) 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.


Atkore Cyclically Adjusted PB Ratio Related Terms

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


Atkore (STU:AOA) Business Description

Industry
Traded in Other Exchanges
Address
16100 South Lathrop Avenue, Harvey, IL, USA, 60426
Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.