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Embraer (STU:EMY) Cyclically Adjusted PB Ratio : 1.50 (As of May. 26, 2024)


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What is Embraer Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Embraer's current share price is €27.00. Embraer's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.06. Embraer's Cyclically Adjusted PB Ratio for today is 1.50.

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

STU:EMY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.34   Med: 1.23   Max: 2.86
Current: 1.57

During the past years, Embraer's highest Cyclically Adjusted PB Ratio was 2.86. The lowest was 0.34. And the median was 1.23.

STU:EMY's Cyclically Adjusted PB Ratio is ranked better than
63.24% of 204 companies
in the Aerospace & Defense industry
Industry Median: 2.44 vs STU:EMY: 1.57

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.

Embraer's adjusted book value per share data for the three months ended in Mar. 2024 was €13.961. 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 €18.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Embraer Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Embraer'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.

Embraer Cyclically Adjusted PB Ratio Chart

Embraer 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 1.17 0.48 1.18 0.63 0.94

Embraer Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.52 0.63 0.90 0.94 1.38

Competitive Comparison of Embraer's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, Embraer'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.


Embraer's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Embraer's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Embraer 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.00/18.06
=1.50

* 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.

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

For example, Embraer'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)
=13.961/159.3724*159.3724
=13.961

Current CPI (Mar. 2024) = 159.3724.

Embraer Quarterly Data

Book Value per Share CPI Adj_Book
201312 14.116 88.522 25.414
201403 14.354 90.447 25.292
201406 15.128 91.838 26.253
201409 15.732 92.602 27.076
201412 16.617 94.194 28.115
201503 18.446 97.799 30.059
201506 18.412 100.006 29.342
201509 17.723 101.392 27.858
201512 18.644 104.247 28.503
201603 18.762 106.979 27.951
201606 18.049 108.851 26.426
201609 17.897 109.986 25.933
201612 19.844 110.802 28.543
201703 19.865 111.869 28.300
201706 19.119 112.115 27.178
201709 18.597 112.777 26.281
201712 18.739 114.068 26.182
201803 18.014 114.868 24.993
201806 18.194 117.038 24.775
201809 18.066 117.881 24.425
201812 18.384 118.340 24.758
201903 18.146 120.124 24.075
201906 18.346 120.977 24.169
201909 18.281 121.292 24.020
201912 17.204 123.436 22.213
202003 15.683 124.092 20.142
202006 13.904 123.557 17.934
202009 12.920 125.095 16.460
202012 12.483 129.012 15.421
202103 12.289 131.660 14.876
202106 12.439 133.871 14.809
202109 12.471 137.913 14.412
202112 12.857 141.992 14.431
202203 13.093 146.537 14.240
202206 13.859 149.784 14.746
202209 13.541 147.800 14.601
202212 13.197 150.207 14.002
202303 12.813 153.352 13.316
202312 13.913 157.148 14.110
202403 13.961 159.372 13.961

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.


Embraer  (STU:EMY) 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.


Embraer Cyclically Adjusted PB Ratio Related Terms

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


Embraer (STU:EMY) Business Description

Industry
Traded in Other Exchanges
Address
Avenida Dra. Ruth Cardoso, 8501, 30th Floor, Pinheiros, SP, BRA, 05425-070
Embraer SA based in Sao Paulo, Brazil, Embraer manufactures regional aircraft, business jets, and defense and security products. The company also offers a range of services to support its installed base of hardware. Its defense and security business is currently focused on developing the KC-390 military transport aircraft. The company also produces aircraft systems and structural components. It operates through the following segments: Commercial Aviation; Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from Commercial Aviation segment.

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