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Athos Immobilien AG (WBO:ATH) Cyclically Adjusted PB Ratio : 1.19 (As of May. 28, 2024)


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What is Athos Immobilien AG Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Athos Immobilien AG's current share price is €42.20. Athos Immobilien AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €35.48. Athos Immobilien AG's Cyclically Adjusted PB Ratio for today is 1.19.

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

WBO:ATH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.41   Max: 1.7
Current: 1.21

During the past 13 years, Athos Immobilien AG's highest Cyclically Adjusted PB Ratio was 1.70. The lowest was 1.19. And the median was 1.41.

WBO:ATH's Cyclically Adjusted PB Ratio is ranked worse than
70.99% of 1341 companies
in the Real Estate industry
Industry Median: 0.69 vs WBO:ATH: 1.21

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.

Athos Immobilien AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was €29.188. 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 €35.48 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Athos Immobilien AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Athos Immobilien AG'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.

Athos Immobilien AG Cyclically Adjusted PB Ratio Chart

Athos Immobilien AG 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 1.48 1.32 1.51 1.42 1.28

Athos Immobilien AG Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.48 1.32 1.51 1.42 1.28

Competitive Comparison of Athos Immobilien AG's Cyclically Adjusted PB Ratio

For the Real Estate - Diversified subindustry, Athos Immobilien AG'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.


Athos Immobilien AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Athos Immobilien AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Athos Immobilien AG 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.

Athos Immobilien AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=42.20/35.48
=1.19

* 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.

Athos Immobilien AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Athos Immobilien AG's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=29.188/132.5695*132.5695
=29.188

Current CPI (Dec23) = 132.5695.

Athos Immobilien AG Annual Data

Book Value per Share CPI Adj_Book
201412 28.014 99.676 37.259
201512 28.202 100.692 37.130
201612 28.468 102.092 36.967
201712 29.361 104.291 37.322
201812 29.564 106.291 36.873
201912 27.959 108.091 34.291
202012 30.688 109.321 37.214
202112 31.351 113.971 36.467
202212 30.400 125.541 32.102
202312 29.188 132.570 29.188

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.


Athos Immobilien AG  (WBO:ATH) 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.


Athos Immobilien AG Cyclically Adjusted PB Ratio Related Terms

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Athos Immobilien AG (WBO:ATH) Business Description

Traded in Other Exchanges
N/A
Address
Waltherstrasse 11, Linz, AUT, 4020
Athos Immobilien AG is an investment company. Athos operates through its subsidiaries in the real estate investment sector. It also develops and manages residential and commercial real estate. The company's Real Estate projects are Wohnpark Galli 4210 Gallneukirchen, 4040 Linz, Hohe Straße, Hammerl-Wohnpark, 4600 Wels, Volksgartenstraße 11-15a, 4040 Linz, Landgutstraße 9, 1140 Vienna, Spallartgasse 19 and Grünwinkel, 4040 Urfahr.