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Kakao (XKRX:035720) Cyclically Adjusted PB Ratio : (As of May. 21, 2024)


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What is Kakao Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kakao Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kakao'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.

Kakao Cyclically Adjusted PB Ratio Chart

Kakao 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 3.32 7.62 9.52 3.77 3.36

Kakao 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 4.17 3.26 2.80 3.36 -

Competitive Comparison of Kakao's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Kakao'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.


Kakao's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Kakao's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Kakao 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.

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

For example, Kakao'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)
=22528.211/118.8477*118.8477
=22,528.211

Current CPI (Mar. 2024) = 118.8477.

Kakao Quarterly Data

Book Value per Share CPI Adj_Book
201406 8,172.415 99.353 9,775.978
201409 7,730.683 99.608 9,223.897
201412 8,467.386 99.098 10,154.891
201503 8,422.874 99.720 10,038.500
201506 8,384.339 100.050 9,959.614
201509 8,423.698 100.110 10,000.371
201512 8,495.124 100.220 10,074.096
201603 9,846.988 100.560 11,637.747
201606 9,828.112 100.790 11,588.932
201609 9,846.245 101.460 11,533.645
201612 10,153.769 101.560 11,882.159
201703 10,252.566 102.850 11,847.291
201706 10,675.769 102.610 12,365.175
201709 11,728.067 103.490 13,468.488
201712 11,867.268 102.990 13,694.509
201803 13,590.691 104.100 15,516.065
201806 13,612.077 104.130 15,536.003
201809 12,883.726 105.650 14,493.149
201812 12,979.351 104.350 14,782.616
201903 13,018.428 104.490 14,807.256
201906 13,162.235 104.880 14,915.154
201909 13,450.410 105.200 15,195.345
201912 12,718.909 105.120 14,379.881
202003 13,107.556 105.540 14,760.308
202006 14,072.805 104.870 15,948.513
202009 14,909.707 106.200 16,685.352
202012 14,611.218 105.765 16,418.504
202103 15,428.202 107.357 17,079.491
202106 17,937.332 107.579 19,816.308
202109 20,270.643 108.759 22,150.947
202112 22,972.305 109.676 24,893.283
202203 25,977.009 111.806 27,613.127
202206 25,728.958 114.083 26,803.580
202209 26,252.533 114.831 27,170.755
202212 22,861.783 115.200 23,585.639
202303 24,401.257 116.550 24,882.396
202306 24,263.736 117.140 24,617.481
202309 24,557.947 119.111 24,503.619
202312 22,281.117 118.848 22,281.117
202403 22,528.211 118.848 22,528.211

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.


Kakao  (XKRX:035720) 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.


Kakao Cyclically Adjusted PB Ratio Related Terms

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


Kakao (XKRX:035720) Business Description

Traded in Other Exchanges
N/A
Address
242, Cheomdan-ro, Jeju-si, Jeju, KOR
Kakao operates the largest mobile messaging app in South Korea, Kakao Talk. The company aims to help its users connect with everything and has been expanding its content and services through self-development and mergers and acquisitions. Kakao merged with the second- largest Internet search portal, Daum, in 2014, and it acquired leading music streaming service provider Loen Entertainment in 2016.

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