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Ryanair Holdings (STU:RY4C) Cyclically Adjusted PB Ratio : 3.73 (As of May. 23, 2024)


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What is Ryanair Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Ryanair Holdings's current share price is €18.505. Ryanair Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €4.96. Ryanair Holdings's Cyclically Adjusted PB Ratio for today is 3.73.

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

STU:RY4C' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.48   Med: 4.31   Max: 7.55
Current: 3.71

During the past years, Ryanair Holdings's highest Cyclically Adjusted PB Ratio was 7.55. The lowest was 2.48. And the median was 4.31.

STU:RY4C's Cyclically Adjusted PB Ratio is ranked worse than
84.94% of 704 companies
in the Transportation industry
Industry Median: 1.255 vs STU:RY4C: 3.71

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.

Ryanair Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was €6.679. 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 €4.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ryanair Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ryanair Holdings'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.

Ryanair Holdings Cyclically Adjusted PB Ratio Chart

Ryanair Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.81 4.75 3.46 3.30 4.25

Ryanair Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 2.79 3.30 3.35 3.94 4.25

Competitive Comparison of Ryanair Holdings's Cyclically Adjusted PB Ratio

For the Airlines subindustry, Ryanair Holdings'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.


Ryanair Holdings's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ryanair Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Ryanair Holdings 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.

Ryanair Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.505/4.96
=3.73

* 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.

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

For example, Ryanair Holdings'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)
=6.679/120.9901*120.9901
=6.679

Current CPI (Mar. 2024) = 120.9901.

Ryanair Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 2.436 100.573 2.931
201406 2.610 100.773 3.134
201409 3.130 100.474 3.769
201412 2.993 99.576 3.637
201503 3.004 99.975 3.635
201506 3.011 100.573 3.622
201509 3.433 100.274 4.142
201512 3.066 99.676 3.722
201603 2.787 99.676 3.383
201606 2.977 101.072 3.564
201609 3.722 100.274 4.491
201612 3.940 99.676 4.783
201703 3.632 100.374 4.378
201706 3.536 100.673 4.250
201709 4.002 100.474 4.819
201712 4.058 100.075 4.906
201803 3.816 100.573 4.591
201806 4.181 101.072 5.005
201809 4.805 101.371 5.735
201812 4.302 100.773 5.165
201903 4.601 101.670 5.475
201906 4.692 102.168 5.556
201909 5.716 102.268 6.762
201912 5.673 102.068 6.725
202003 4.512 102.367 5.333
202006 4.281 101.769 5.090
202009 4.424 101.072 5.296
202012 4.143 101.072 4.959
202103 4.119 102.367 4.868
202106 3.960 103.364 4.635
202109 4.370 104.859 5.042
202112 4.350 106.653 4.935
202203 4.888 109.245 5.414
202206 5.469 112.779 5.867
202209 5.862 113.504 6.249
202212 5.526 115.436 5.792
202303 4.956 117.609 5.098
202309 7.401 120.749 7.416
202312 6.906 120.749 6.920
202403 6.679 120.990 6.679

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.


Ryanair Holdings  (STU:RY4C) 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.


Ryanair Holdings Cyclically Adjusted PB Ratio Related Terms

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


Ryanair Holdings (STU:RY4C) Business Description

Address
Airside Business Park, Swords, Dublin, IRL, K67 NY94
Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.

Ryanair Holdings (STU:RY4C) Headlines

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