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AerCap Holdings NV (AerCap Holdings NV) Cyclically Adjusted PB Ratio : 1.29 (As of Apr. 28, 2024)


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What is AerCap Holdings NV Cyclically Adjusted PB Ratio?

As of today (2024-04-28), AerCap Holdings NV's current share price is $85.49. AerCap Holdings NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $66.02. AerCap Holdings NV's Cyclically Adjusted PB Ratio for today is 1.29.

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

AER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.51   Max: 2.86
Current: 1.29

During the past years, AerCap Holdings NV's highest Cyclically Adjusted PB Ratio was 2.86. The lowest was 0.49. And the median was 1.51.

AER's Cyclically Adjusted PB Ratio is ranked better than
58.05% of 646 companies
in the Business Services industry
Industry Median: 1.53 vs AER: 1.29

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.

AerCap Holdings NV's adjusted book value per share data for the three months ended in Dec. 2023 was $81.923. 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 $66.02 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AerCap Holdings NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AerCap Holdings NV'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.

AerCap Holdings NV Cyclically Adjusted PB Ratio Chart

AerCap Holdings NV 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 1.65 1.08 1.31 0.99 1.13

AerCap Holdings NV 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 0.99 0.92 1.01 0.97 1.13

Competitive Comparison of AerCap Holdings NV's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, AerCap Holdings NV'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.


AerCap Holdings NV's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AerCap Holdings NV's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AerCap Holdings NV 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.

AerCap Holdings NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=85.49/66.02
=1.29

* 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.

AerCap Holdings NV's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, AerCap Holdings NV'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)
=81.923/120.1096*120.1096
=81.923

Current CPI (Dec. 2023) = 120.1096.

AerCap Holdings NV Quarterly Data

Book Value per Share CPI Adj_Book
201403 21.823 100.573 26.062
201406 33.891 100.773 40.394
201409 35.627 100.474 42.590
201412 37.038 99.576 44.675
201503 38.541 99.975 46.303
201506 39.239 100.573 46.861
201509 40.802 100.274 48.873
201512 41.674 99.676 50.217
201603 42.915 99.676 51.713
201606 44.456 101.072 52.830
201609 46.051 100.274 55.160
201612 48.366 99.676 58.281
201703 50.160 100.374 60.023
201706 52.141 100.673 62.208
201709 54.086 100.474 64.656
201712 56.079 100.075 67.306
201803 58.391 100.573 69.734
201806 58.407 101.072 69.409
201809 60.355 101.371 71.512
201812 61.875 100.773 73.748
201903 63.799 101.670 75.370
201906 65.980 102.168 77.567
201909 68.092 102.268 79.972
201912 70.791 102.068 83.304
202003 72.378 102.367 84.923
202006 74.294 101.769 87.683
202009 67.907 101.072 80.698
202012 67.980 101.072 80.785
202103 69.908 102.367 82.024
202106 70.352 103.364 81.749
202109 73.886 104.859 84.632
202112 67.527 106.653 76.047
202203 59.658 109.245 65.591
202206 61.153 112.734 65.154
202209 63.314 113.431 67.042
202212 65.537 115.425 68.197
202303 67.549 117.618 68.980
202306 70.157 119.611 70.449
202309 76.719 120.708 76.339
202312 81.923 120.110 81.923

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.


AerCap Holdings NV  (NYSE:AER) 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.


AerCap Holdings NV Cyclically Adjusted PB Ratio Related Terms

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


AerCap Holdings NV (AerCap Holdings NV) Business Description

Traded in Other Exchanges
Address
65 St. Stephen's Green, AerCap House, Dublin, IRL, D02 YX20
AerCap Holdings NV is an aircraft leasing company. Its major activities include leasing, financing, sales, and management of commercial aircraft and engines. It also provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. Its geographical segments include China, United States, and Other countries.
Executives
Michael George Walsh director 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
James A Lawrence director 2211 S 47TH ST, PHOENIX AZ 85034
Michael Gradon director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Aengus Kelly officer: Chief Executive Officer AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Den Dikken Wouter Marinus officer: Chief Operating Officer AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
James N Chapman director 14 ALPINE ROAD, GREENWICH CT 06830
Peter Juhas officer: Chief Financial Officer 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Philip Gene Scruggs officer: Chief Comm. Off. and President AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Robert G Warden director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Marius Jonkhart director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Al Noaimi Salem Rashed Abdulla Ali director AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Walter Field Mclallen director 1225 17TH AVE SOUTH, NASHVILLE TN 37212
Paul T Dacier director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Pieter Korteweg director C/O CERBERUS CAPITAL MANAGEMENT L.P., 299 PARK AVENUE - 22ND FLOOR, NEW YORK NY 10171
Robert H Benmosche director 180 MAIDEN LANE, NEW YORK NY 10038