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Wolters Kluwer NV (XAMS:WKL) Cyclically Adjusted PB Ratio : 14.58 (As of Apr. 27, 2024)


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What is Wolters Kluwer NV Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Wolters Kluwer NV's current share price is €142.90. Wolters Kluwer NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €9.80. Wolters Kluwer NV's Cyclically Adjusted PB Ratio for today is 14.58.

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

XAMS:WKL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.47   Med: 7.84   Max: 15.12
Current: 14.58

During the past 13 years, Wolters Kluwer NV's highest Cyclically Adjusted PB Ratio was 15.12. The lowest was 3.47. And the median was 7.84.

XAMS:WKL's Cyclically Adjusted PB Ratio is ranked worse than
96.59% of 646 companies
in the Business Services industry
Industry Median: 1.53 vs XAMS:WKL: 14.58

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.

Wolters Kluwer NV's adjusted book value per share data of for the fiscal year that ended in Dec23 was €7.272. 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 €9.80 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wolters Kluwer NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wolters Kluwer 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.

Wolters Kluwer NV Cyclically Adjusted PB Ratio Chart

Wolters Kluwer 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 8.59 8.85 12.10 10.14 13.13

Wolters Kluwer NV 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 12.10 - 10.14 - 13.13

Competitive Comparison of Wolters Kluwer NV's Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, Wolters Kluwer 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.


Wolters Kluwer NV's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

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

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



Wolters Kluwer 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.

Wolters Kluwer NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=142.90/9.8
=14.58

* 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.

Wolters Kluwer NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Wolters Kluwer NV'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)
=7.272/126.4000*126.4000
=7.272

Current CPI (Dec23) = 126.4000.

Wolters Kluwer NV Annual Data

Book Value per Share CPI Adj_Book
201412 7.136 99.050 9.106
201512 8.473 99.730 10.739
201612 8.895 100.710 11.164
201712 8.022 101.970 9.944
201812 8.312 103.970 10.105
201912 8.925 106.800 10.563
202012 7.952 107.850 9.320
202112 9.361 114.010 10.378
202212 9.288 124.940 9.397
202312 7.272 126.400 7.272

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.


Wolters Kluwer NV  (XAMS:WKL) 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.


Wolters Kluwer NV Cyclically Adjusted PB Ratio Related Terms

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Wolters Kluwer NV (XAMS:WKL) Business Description

Traded in Other Exchanges
Address
Zuidpoolsingel 2, P.O. Box 1030, Alphen aan den Rijn, ZH, NLD, 2400
Wolters Kluwer is a Europe-listed global information services company. It operates across four distinct business segments serving a wide array of clients: health (26% of 2020 sales), tax and accounting (31%), legal and regulatory (23%), and governance, risk, and compliance (20%). Within these divisions, Wolters aims to be the industry leader in a variety of niche, higher-value services.

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