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Amadeus IT Group (XMAD:AMS) Cyclically Adjusted PB Ratio : 7.76 (As of May. 22, 2024)


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What is Amadeus IT Group Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Amadeus IT Group's current share price is €66.04. Amadeus IT Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €8.51. Amadeus IT Group's Cyclically Adjusted PB Ratio for today is 7.76.

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

XMAD:AMS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.26   Med: 9.03   Max: 20.1
Current: 7.76

During the past years, Amadeus IT Group's highest Cyclically Adjusted PB Ratio was 20.10. The lowest was 6.26. And the median was 9.03.

XMAD:AMS's Cyclically Adjusted PB Ratio is ranked worse than
84.59% of 1350 companies
in the Software industry
Industry Median: 2.61 vs XMAD:AMS: 7.76

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.

Amadeus IT Group's adjusted book value per share data for the three months ended in Dec. 2023 was €10.176. 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 €8.51 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amadeus IT Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Amadeus IT Group'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.

Amadeus IT Group Cyclically Adjusted PB Ratio Chart

Amadeus IT Group 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 14.45 10.25 8.85 6.31 7.62

Amadeus IT Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only 6.31 7.77 8.53 6.83 7.62

Competitive Comparison of Amadeus IT Group's Cyclically Adjusted PB Ratio

For the Information Technology Services subindustry, Amadeus IT Group'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.


Amadeus IT Group's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Amadeus IT Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Amadeus IT Group 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.

Amadeus IT Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=66.04/8.51
=7.76

* 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.

Amadeus IT Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Amadeus IT Group's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=10.176/121.2997*121.2997
=10.176

Current CPI (Dec. 2023) = 121.2997.

Amadeus IT Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.534 100.139 5.492
201406 4.598 101.081 5.518
201409 4.938 100.441 5.963
201412 4.149 100.251 5.020
201503 4.769 99.474 5.815
201506 4.822 101.138 5.783
201509 5.159 99.559 6.286
201512 5.201 100.268 6.292
201603 5.583 98.638 6.866
201606 5.678 100.333 6.865
201609 6.152 99.737 7.482
201612 6.256 101.842 7.451
201703 6.803 100.896 8.179
201706 6.705 101.848 7.986
201709 7.185 101.524 8.585
201712 6.004 102.975 7.072
201803 6.617 102.122 7.860
201806 6.747 104.165 7.857
201809 7.363 103.818 8.603
201812 7.375 104.193 8.586
201903 8.154 103.488 9.557
201906 8.127 104.612 9.423
201909 8.943 103.905 10.440
201912 8.776 105.015 10.137
202003 9.038 103.469 10.596
202006 9.624 104.254 11.198
202009 8.959 103.521 10.498
202012 8.317 104.456 9.658
202103 8.301 104.857 9.603
202106 8.101 107.102 9.175
202109 8.173 107.669 9.208
202112 8.325 111.298 9.073
202203 8.618 115.153 9.078
202206 9.439 118.044 9.699
202209 10.247 117.221 10.604
202212 10.191 117.650 10.507
202303 10.677 118.948 10.888
202306 10.538 120.278 10.627
202309 10.687 121.343 10.683
202312 10.176 121.300 10.176

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.


Amadeus IT Group  (XMAD:AMS) 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.


Amadeus IT Group Cyclically Adjusted PB Ratio Related Terms

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


Amadeus IT Group (XMAD:AMS) Business Description

Industry
Address
Salvador de Madariaga, 1, Madrid, ESP, 28027
Among the top three operators, Amadeus' 40%-plus market share in air global distribution system bookings is the largest in the industry. The GDS segment represented 56% of total prepandemic sales in 2019. The company has a growing IT solutions division (44% of 2019 revenue) that addresses the airline, airport, rail, hotel, and business intelligence markets. Transaction fees, which are tied to volume and not price, account for the bulk of sales and profits.