AON has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
AON has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
As of today (2024-04-28), Aon's current share price is $285.03. Aon's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $18.05. Aon's Cyclically Adjusted PB Ratio for today is 15.79.
The historical rank and industry rank for Aon's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Aon's highest Cyclically Adjusted PB Ratio was 18.49. The lowest was 3.02. And the median was 6.55.
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.
Aon's adjusted book value per share data for the three months ended in Dec. 2023 was $-4.159. 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 $18.05 for the trailing ten years ended in Dec. 2023.
The historical data trend for Aon'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.
Aon Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | 9.17 | 9.73 | 13.95 | 14.69 | 16.12 |
Aon 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 | 14.69 | 15.69 | 17.51 | 17.00 | 16.12 |
For the Insurance Brokers subindustry, Aon'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.
For the Insurance industry and Financial Services sector, Aon's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Aon's Cyclically Adjusted PB Ratio falls into.
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.
Aon's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 285.03 | / | 18.05 | |
= | 15.79 |
* 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.
Aon's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Aon'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) |
= | -4.159 | / | 120.1096 | * | 120.1096 | |
= | -4.159 |
Current CPI (Dec. 2023) = 120.1096.
Aon Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201403 | 26.801 | 100.573 | 32.007 |
201406 | 26.510 | 100.773 | 31.597 |
201409 | 25.304 | 100.474 | 30.249 |
201412 | 23.468 | 99.576 | 28.307 |
201503 | 22.592 | 99.975 | 27.142 |
201506 | 22.866 | 100.573 | 27.308 |
201509 | 21.479 | 100.274 | 25.728 |
201512 | 22.246 | 99.676 | 26.806 |
201603 | 19.943 | 99.676 | 24.031 |
201606 | 20.688 | 101.072 | 24.585 |
201609 | 20.622 | 100.274 | 24.701 |
201612 | 20.897 | 99.676 | 25.181 |
201703 | 21.895 | 100.374 | 26.200 |
201706 | 21.459 | 100.673 | 25.602 |
201709 | 20.634 | 100.474 | 24.667 |
201712 | 18.510 | 100.075 | 22.216 |
201803 | 21.619 | 100.573 | 25.819 |
201806 | 18.704 | 101.072 | 22.227 |
201809 | 17.670 | 101.371 | 20.936 |
201812 | 17.289 | 100.773 | 20.607 |
201903 | 19.822 | 101.670 | 23.417 |
201906 | 16.275 | 102.168 | 19.133 |
201909 | 14.917 | 102.268 | 17.519 |
201912 | 14.541 | 102.068 | 17.111 |
202003 | 13.713 | 102.367 | 16.090 |
202006 | 15.555 | 101.769 | 18.358 |
202009 | 15.454 | 101.072 | 18.365 |
202012 | 15.499 | 101.072 | 18.418 |
202103 | 18.833 | 102.367 | 22.097 |
202106 | 19.778 | 103.364 | 22.982 |
202109 | 9.977 | 104.859 | 11.428 |
202112 | 4.939 | 106.653 | 5.562 |
202203 | 5.528 | 109.245 | 6.078 |
202206 | 3.233 | 112.734 | 3.445 |
202209 | -3.772 | 113.431 | -3.994 |
202212 | -2.575 | 115.425 | -2.680 |
202303 | -0.342 | 117.618 | -0.349 |
202306 | 0.320 | 119.611 | 0.321 |
202309 | -2.918 | 120.708 | -2.904 |
202312 | -4.159 | 120.110 | -4.159 |
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.
Aon (NYSE:AON) 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.
Thank you for viewing the detailed overview of Aon's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Byron Spruell | director | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Eric Andersen | officer: CEO, Aon Benfield | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Sarah G Smith | director | C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282 |
Christa Davies | officer: EVP, Global Finance | AON CORPORATE LAW DEPT, 200 EAST RANDOLPH ST, 8TH FL, CHICAGO IL 60601 |
Michael Neller | officer: Principal Accounting Officer | 200 EAST RANDOLPH ST., CHICAGO IL 60601 |
Mindy F. Simon | officer: Chief Operating Officer | FOUR EMBARCADERO CENTER, SUITE 2100, SAN FRANCISCO CA 94111 |
Adriana Karaboutis | director | C/O BIOGEN IDEC INC., 225 BINNEY ST., CAMBRIDGE MA 02142 |
Darren Zeidel | officer: General Counsel | 200 EAST RANDOLPH ST., CHICAGO IL 60640 |
Lester B Knight | director | C/O AON CORP, 200 EAST RANDOLPH STREET, CHICAGO IL 60601 |
Jillian Slyfield | officer: Chief Innovation Officer | 200 E RANDOLPH ST., CHICAGO IL 60601 |
J Michael Losh | director | H.B. FULLER COMPANY, P.O. BOX 64683, ST. PAUL MN 55164-0683 |
James Platt | officer: Chief Operating Officer | THE LEADENHALL BUILDING, 122 LEADENHALL ST., LONDON X0 EC3V 4AN |
John G Bruno | officer: Executive Vice President, CIO | |
Carolyn Y Woo | director | 801 E. 86TH AVENUE, MERRILLVILLE IN 4641- |
Anthony R Goland | officer: EVP and CHRO | C/O AON LAW DEPARTMENT, 200 EAST RANDOLPH ST, CHICAGO IL 60601 |
From GuruFocus
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 01-22-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.