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Private Equity Holding AG (XSWX:PEHN) Cyclically Adjusted PB Ratio : 0.62 (As of May. 21, 2024)


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What is Private Equity Holding AG Cyclically Adjusted PB Ratio?

As of today (2024-05-21), Private Equity Holding AG's current share price is CHF72.40. Private Equity Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 was CHF117.53. Private Equity Holding AG's Cyclically Adjusted PB Ratio for today is 0.62.

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

XSWX:PEHN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.84   Max: 1.14
Current: 0.63

During the past 13 years, Private Equity Holding AG's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.53. And the median was 0.84.

XSWX:PEHN's Cyclically Adjusted PB Ratio is ranked better than
66.74% of 935 companies
in the Asset Management industry
Industry Median: 0.8 vs XSWX:PEHN: 0.63

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.

Private Equity Holding AG's adjusted book value per share data of for the fiscal year that ended in Mar24 was CHF154.295. 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 CHF117.53 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Private Equity Holding AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Private Equity Holding 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.

Private Equity Holding AG Cyclically Adjusted PB Ratio Chart

Private Equity Holding AG Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.84 0.82 0.72 0.60

Private Equity Holding AG Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 0.82 - 0.72 - 0.60

Competitive Comparison of Private Equity Holding AG's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Private Equity Holding 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.


Private Equity Holding AG's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Private Equity Holding AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Private Equity Holding AG's Cyclically Adjusted PB Ratio falls into.



Private Equity Holding 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.

Private Equity Holding AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.40/117.53
=0.62

* 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.

Private Equity Holding AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Private Equity Holding AG's adjusted Book Value per Share data for the fiscal year that ended in Mar24 was:

Adj_Book=Book Value per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=154.295/107.3549*107.3549
=154.295

Current CPI (Mar24) = 107.3549.

Private Equity Holding AG Annual Data

Book Value per Share CPI Adj_Book
201503 76.772 100.339 82.140
201603 84.672 99.475 91.379
201703 84.781 100.040 90.980
201803 90.929 100.836 96.808
201903 95.865 101.571 101.324
202003 94.247 101.048 100.130
202103 134.299 100.800 143.033
202203 157.036 103.205 163.350
202303 150.319 106.245 151.890
202403 154.295 107.355 154.295

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.


Private Equity Holding AG  (XSWX:PEHN) 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.


Private Equity Holding AG Cyclically Adjusted PB Ratio Related Terms

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Private Equity Holding AG (XSWX:PEHN) Business Description

Traded in Other Exchanges
N/A
Address
Gotthardstrasse 28, Zug, CHE, CH-6302
Private Equity Holding AG offers institutional and private investors the opportunity to invest in a broadly diversified private equity portfolio within a simple legal and tax-optimized structure. The company's investment is managed by Alpha Associates. Their business model consists of Investing in Private Equity Fund, Acquisition of Fund interest on the Secondary markets, and direct co-investments. It has a presence in the United States of America, Europe, and the Rest of the World.

Private Equity Holding AG (XSWX:PEHN) Headlines

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