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Alpha Adriatic JSC (ZAG:ULPL) Cyclically Adjusted PB Ratio : (As of Jun. 03, 2024)


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What is Alpha Adriatic JSC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alpha Adriatic JSC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Alpha Adriatic JSC'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.

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Alpha Adriatic JSC Cyclically Adjusted PB Ratio Chart

Alpha Adriatic JSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
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Alpha Adriatic JSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Alpha Adriatic JSC's Cyclically Adjusted PB Ratio

For the Integrated Freight & Logistics subindustry, Alpha Adriatic JSC'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.


Alpha Adriatic JSC's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Alpha Adriatic JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Alpha Adriatic JSC 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.

Alpha Adriatic JSC's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Alpha Adriatic JSC's adjusted Book Value per Share data for the three months ended in Sep. 2023 was:

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-52.641/129.8595*129.8595
=-52.641

Current CPI (Sep. 2023) = 129.8595.

Alpha Adriatic JSC Quarterly Data

Book Value per Share CPI Adj_Book
201312 95.666 98.326 126.347
201403 93.406 99.695 121.668
201406 90.192 100.560 116.471
201409 97.703 100.428 126.336
201412 83.752 99.070 109.781
201503 100.646 99.621 131.195
201506 0.000 100.684 0.000
201509 99.125 100.392 128.221
201512 -21.785 99.792 -28.349
201603 -26.460 100.470 -34.200
201606 -28.236 101.688 -36.058
201609 -31.022 101.861 -39.549
201612 -32.041 101.863 -40.847
201703 -35.586 102.862 -44.926
201706 -33.457 103.349 -42.039
201709 -32.455 104.136 -40.472
201712 -32.637 104.011 -40.748
201803 -33.353 105.290 -41.136
201806 -33.289 106.317 -40.660
201809 -32.973 106.507 -40.203
201812 -94.490 105.998 -115.761
201903 -95.431 107.251 -115.548
201906 -96.201 108.070 -115.598
201909 -88.524 108.329 -106.118
201912 -119.518 108.420 -143.152
202003 -104.039 108.902 -124.061
202006 -108.664 108.767 -129.736
202009 -111.814 109.815 -132.223
202012 -86.134 109.897 -101.780
202103 -85.158 111.754 -98.954
202106 -80.233 114.631 -90.891
202109 -79.288 115.734 -88.965
202112 -62.858 117.630 -69.393
202203 -61.073 121.301 -65.382
202206 -60.865 125.017 -63.223
202209 -60.062 125.227 -62.284
202212 -50.843 125.222 -52.726
202303 -51.408 127.348 -52.422
202306 -51.803 128.729 -52.258
202309 -52.641 129.860 -52.641

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.


Alpha Adriatic JSC  (ZAG:ULPL) 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.


Alpha Adriatic JSC Cyclically Adjusted PB Ratio Related Terms

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Alpha Adriatic JSC (ZAG:ULPL) Business Description

Traded in Other Exchanges
N/A
Address
Carrara 6, Pula, HRV, 52100
Alpha Adriatic JSC formerly known as Uljanik Plovidba dd operates in the integrated shipping and logistics industry in Croatia. The company is engaged in shipping of bulk and liquid cargo like petroleum products and chemicals, and provision of different types of services related to maritime activities.

Alpha Adriatic JSC (ZAG:ULPL) Headlines

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