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Airbus SE (XPAR:AIR) Cyclically Adjusted PB Ratio : 13.09 (As of May. 16, 2024)


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What is Airbus SE Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Airbus SE's current share price is €160.00. Airbus SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €12.22. Airbus SE's Cyclically Adjusted PB Ratio for today is 13.09.

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

XPAR:AIR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.52   Med: 9.53   Max: 14.11
Current: 13.08

During the past years, Airbus SE's highest Cyclically Adjusted PB Ratio was 14.11. The lowest was 4.52. And the median was 9.53.

XPAR:AIR's Cyclically Adjusted PB Ratio is ranked worse than
93.63% of 204 companies
in the Aerospace & Defense industry
Industry Median: 2.465 vs XPAR:AIR: 13.08

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.

Airbus SE's adjusted book value per share data for the three months ended in Mar. 2024 was €23.294. 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 €12.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Airbus SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Airbus SE'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.

Airbus SE Cyclically Adjusted PB Ratio Chart

Airbus SE 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 11.76 8.56 10.47 9.62 11.55

Airbus SE 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 10.61 11.16 10.53 11.55 13.97

Competitive Comparison of Airbus SE's Cyclically Adjusted PB Ratio

For the Aerospace & Defense subindustry, Airbus SE'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.


Airbus SE's Cyclically Adjusted PB Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Airbus SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Airbus SE 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.

Airbus SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=160.00/12.22
=13.09

* 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.

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

For example, Airbus SE'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)
=23.294/128.5800*128.5800
=23.294

Current CPI (Mar. 2024) = 128.5800.

Airbus SE Quarterly Data

Book Value per Share CPI Adj_Book
201406 13.949 99.240 18.073
201409 10.904 99.960 14.026
201412 9.002 99.050 11.686
201503 3.356 99.750 4.326
201506 7.257 100.230 9.310
201509 8.121 100.500 10.390
201512 7.611 99.730 9.813
201603 10.137 100.310 12.994
201606 7.835 100.260 10.048
201609 8.141 100.570 10.408
201612 4.733 100.710 6.043
201703 7.277 101.440 9.224
201706 11.687 101.370 14.824
201709 14.851 102.030 18.715
201712 2.016 101.970 2.542
201803 15.575 102.470 19.544
201806 11.867 103.100 14.800
201809 12.295 103.950 15.208
201812 12.535 103.970 15.502
201903 11.486 105.370 14.016
201906 9.561 105.840 11.615
201909 6.080 106.700 7.327
201912 7.638 106.800 9.196
202003 4.496 106.850 5.410
202006 1.687 107.510 2.018
202009 2.442 107.880 2.911
202012 8.224 107.850 9.805
202103 8.972 108.870 10.596
202106 11.781 109.670 13.812
202109 11.182 110.790 12.978
202112 12.049 114.010 13.589
202203 13.806 119.460 14.860
202206 11.021 119.050 11.903
202209 8.079 126.890 8.187
202212 16.443 124.940 16.922
202303 18.418 124.720 18.988
202306 19.158 125.830 19.577
202309 19.340 127.160 19.556
202312 22.472 126.450 22.851
202403 23.294 128.580 23.294

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.


Airbus SE  (XPAR:AIR) 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.


Airbus SE Cyclically Adjusted PB Ratio Related Terms

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


Airbus SE (XPAR:AIR) Business Description

Industry
Address
P.O. Box 32008, Leiden, ZH, NLD, 2303 DA
Airbus is a major aerospace and defense firm. It designs, develops, and manufactures commercial and military aircraft, as well as space launch vehicles and satellites. The company operates three divisions: commercial, defense and space, and helicopters. Commercial offers aircraft ranging from narrow-body (120-200 seats) A220 and A320 series to much larger A330 and A350 wide body models. The defense and space segment supplies governments with military hardware, including transport aircraft, aerial tankers, and fighter aircraft (Eurofighter). The helicopter division manufactures turbine helicopters for the civil and public markets.