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Buzzi Spa (MIL:BZU) Cyclically Adjusted PB Ratio : 1.68 (As of Apr. 28, 2024)


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What is Buzzi Spa Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Buzzi Spa's current share price is €34.04. Buzzi Spa's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €20.30. Buzzi Spa's Cyclically Adjusted PB Ratio for today is 1.68.

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

MIL:BZU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.38   Max: 2.01
Current: 1.68

During the past 13 years, Buzzi Spa's highest Cyclically Adjusted PB Ratio was 2.01. The lowest was 0.84. And the median was 1.38.

MIL:BZU's Cyclically Adjusted PB Ratio is ranked worse than
69.82% of 285 companies
in the Building Materials industry
Industry Median: 1.04 vs MIL:BZU: 1.68

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.

Buzzi Spa's adjusted book value per share data of for the fiscal year that ended in Dec23 was €30.391. 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 €20.30 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Buzzi Spa Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Buzzi Spa'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.

Buzzi Spa Cyclically Adjusted PB Ratio Chart

Buzzi Spa 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 1.39 1.23 0.97 1.36

Buzzi Spa Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 1.23 - 0.97 - 1.36

Competitive Comparison of Buzzi Spa's Cyclically Adjusted PB Ratio

For the Building Materials subindustry, Buzzi Spa'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.


Buzzi Spa's Cyclically Adjusted PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Buzzi Spa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Buzzi Spa 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.

Buzzi Spa's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.04/20.3
=1.68

* 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.

Buzzi Spa's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Buzzi Spa's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=30.391/119.5000*119.5000
=30.391

Current CPI (Dec23) = 119.5000.

Buzzi Spa Annual Data

Book Value per Share CPI Adj_Book
201412 11.361 99.721 13.614
201512 12.422 99.814 14.872
201612 13.499 100.300 16.083
201712 13.815 101.200 16.313
201812 15.768 102.300 18.419
201912 17.886 102.800 20.792
202012 17.504 102.600 20.387
202112 22.742 106.600 25.494
202212 26.499 119.000 26.610
202312 30.391 119.500 30.391

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.


Buzzi Spa  (MIL:BZU) 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.


Buzzi Spa Cyclically Adjusted PB Ratio Related Terms

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


Buzzi Spa (MIL:BZU) Business Description

Traded in Other Exchanges
Address
Via Luigi Buzzi, 6, Casale Monferrato, ITA, 15033
Buzzi Spa manufactures and sells cement, ready-mix concrete, and aggregates. The company operates in two segments by product: cement and concrete/aggregates. The cement segment generates the majority of revenue, sells cement and cement-related products to the construction and building industries. The concrete and aggregates segment sells concrete and aggregates from hundreds of firm-owned concrete batch plants and aggregate quarries. The vast majority of Buzzi Unicem's revenue comes from the United States of America.

Buzzi Spa (MIL:BZU) Headlines