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Mayr-Melnhof Karton AG (WBO:MMK) Cyclically Adjusted PB Ratio : 1.29 (As of Jun. 07, 2024)


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What is Mayr-Melnhof Karton AG Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Mayr-Melnhof Karton AG's current share price is €114.40. Mayr-Melnhof Karton AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €88.68. Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio for today is 1.29.

The historical rank and industry rank for Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

WBO:MMK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.26   Med: 2   Max: 2.81
Current: 1.29

During the past years, Mayr-Melnhof Karton AG's highest Cyclically Adjusted PB Ratio was 2.81. The lowest was 1.26. And the median was 2.00.

WBO:MMK's Cyclically Adjusted PB Ratio is ranked worse than
52.79% of 305 companies
in the Packaging & Containers industry
Industry Median: 1.24 vs WBO:MMK: 1.29

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.

Mayr-Melnhof Karton AG's adjusted book value per share data for the three months ended in Mar. 2024 was €101.477. 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 €88.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mayr-Melnhof Karton AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Mayr-Melnhof Karton 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.

Mayr-Melnhof Karton AG Cyclically Adjusted PB Ratio Chart

Mayr-Melnhof Karton 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 1.92 2.54 2.52 1.89 1.45

Mayr-Melnhof Karton AG 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 1.85 1.59 1.49 1.45 1.30

Competitive Comparison of Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio

For the Packaging & Containers subindustry, Mayr-Melnhof Karton 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.


Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio falls into.



Mayr-Melnhof Karton 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.

Mayr-Melnhof Karton AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=114.40/88.68
=1.29

* 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.

Mayr-Melnhof Karton AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Mayr-Melnhof Karton AG'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)
=101.477/133.7589*133.7589
=101.477

Current CPI (Mar. 2024) = 133.7589.

Mayr-Melnhof Karton AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 52.682 99.496 70.824
201409 54.130 99.586 72.705
201412 54.579 99.676 73.241
201503 56.588 99.992 75.698
201506 55.995 100.492 74.532
201509 56.515 100.292 75.374
201512 56.778 100.692 75.424
201603 58.166 100.692 77.268
201606 59.002 101.092 78.068
201609 60.295 101.192 79.700
201612 62.619 102.092 82.043
201703 64.251 102.592 83.771
201706 62.272 102.991 80.875
201709 64.049 103.591 82.701
201712 65.809 104.291 84.403
201803 67.645 104.491 86.592
201806 66.271 105.091 84.349
201809 67.567 105.691 85.510
201812 69.130 106.291 86.995
201903 71.405 106.391 89.773
201906 70.219 106.791 87.951
201909 72.907 106.991 91.147
201912 75.152 108.091 92.998
202003 75.257 108.024 93.186
202006 74.279 107.915 92.067
202009 74.526 108.348 92.005
202012 77.117 109.321 94.356
202103 79.921 110.186 97.019
202106 77.495 110.943 93.432
202109 80.099 111.916 95.732
202112 82.792 113.971 97.167
202203 87.069 117.647 98.993
202206 93.612 120.567 103.855
202209 97.562 123.811 105.401
202212 97.679 125.541 104.073
202303 99.414 128.460 103.514
202306 98.387 130.191 101.084
202309 98.814 131.272 100.686
202312 100.344 132.570 101.244
202403 101.477 133.759 101.477

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.


Mayr-Melnhof Karton AG  (WBO:MMK) 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.


Mayr-Melnhof Karton AG Cyclically Adjusted PB Ratio Related Terms

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


Mayr-Melnhof Karton AG (WBO:MMK) Business Description

Traded in Other Exchanges
Address
Brahmsplatz 6, Vienna, AUT, A-1040
Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.
Executives
Dr. Nikolaus Ankershofen Supervisory Board
Mmag. Peter Oswald Board of Directors
Univ.-prof. Dr. Klaus Rabel Supervisory Board

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