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Naspers (JSE:NPN) Cyclically Adjusted PB Ratio : 4.01 (As of Apr. 28, 2024)


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What is Naspers Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Naspers's current share price is R3624.61. Naspers's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was R902.85. Naspers's Cyclically Adjusted PB Ratio for today is 4.01.

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

JSE:NPN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.09   Med: 6.97   Max: 11.94
Current: 4.01

During the past 13 years, Naspers's highest Cyclically Adjusted PB Ratio was 11.94. The lowest was 2.09. And the median was 6.97.

JSE:NPN's Cyclically Adjusted PB Ratio is ranked worse than
77.27% of 286 companies
in the Interactive Media industry
Industry Median: 1.555 vs JSE:NPN: 4.01

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.

Naspers's adjusted book value per share data of for the fiscal year that ended in Mar23 was R1,770.374. 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 R902.85 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Naspers Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Naspers'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.

Naspers Cyclically Adjusted PB Ratio Chart

Naspers Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 5.81 6.54 2.39 3.65

Naspers Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 2.39 - 3.65 -

Competitive Comparison of Naspers's Cyclically Adjusted PB Ratio

For the Internet Content & Information subindustry, Naspers'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.


Naspers's Cyclically Adjusted PB Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Naspers's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Naspers 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.

Naspers's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3624.61/902.85
=4.01

* 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.

Naspers's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Naspers's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=1770.374/147.5864*147.5864
=1,770.374

Current CPI (Mar23) = 147.5864.

Naspers Annual Data

Book Value per Share CPI Adj_Book
201403 169.690 94.723 264.393
201503 194.991 98.538 292.051
201603 310.302 104.969 436.286
201703 384.747 111.400 509.726
201803 699.152 115.542 893.056
201903 931.556 120.774 1,138.367
202003 847.106 125.679 994.767
202103 1,046.280 129.628 1,191.234
202203 1,434.137 137.594 1,538.285
202303 1,770.374 147.586 1,770.374

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.


Naspers  (JSE:NPN) 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.


Naspers Cyclically Adjusted PB Ratio Related Terms

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


Naspers (JSE:NPN) Business Description

Traded in Other Exchanges
Address
40 Heerengracht, Cape Town, WC, ZAF, 8001
Naspers Ltd is a Internet and entertainment group and technology investor in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds companies that empower people and enrich communities. It runs some of the platforms in the internet, video entertainment, and media. Naspers operates in various sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms. People use products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, BYJU'S, Codecademy, Honor, Delivery Hero, eMAG, ibibo, iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU, Showmax, SimilarWeb, Swiggy, Twiggle, Takealot, and Udemy.

Naspers (JSE:NPN) Headlines

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