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Metrovacesa (XMAD:MVC) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)


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What is Metrovacesa Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metrovacesa Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Metrovacesa'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.

Metrovacesa Cyclically Adjusted PB Ratio Chart

Metrovacesa Annual Data
Trend Dec12 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 - - 0.49 0.48 -

Metrovacesa Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.47 0.48 0.54 0.53 -

Competitive Comparison of Metrovacesa's Cyclically Adjusted PB Ratio

For the Residential Construction subindustry, Metrovacesa'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.


Metrovacesa's Cyclically Adjusted PB Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Metrovacesa's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Metrovacesa 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.

Metrovacesa's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Metrovacesa's adjusted Book Value per Share data for the three months ended in Jun. 2023 was:

Adj_Book=Book Value per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=1.741/120.2784*120.2784
=1.741

Current CPI (Jun. 2023) = 120.2784.

Metrovacesa Quarterly Data

Book Value per Share CPI Adj_Book
201006 11.821 94.114 15.107
201009 8.225 93.993 10.525
201012 11.085 95.953 13.895
201103 11.537 96.085 14.442
201106 1.133 97.111 1.403
201109 2.063 96.946 2.560
201112 1.848 98.235 2.263
201203 1.784 97.909 2.192
201206 1.661 98.952 2.019
201209 1.607 100.254 1.928
201212 1.535 101.052 1.827
201303 1.542 100.284 1.849
201512 1.032 100.268 1.238
201609 0.000 99.737 0.000
201612 1.011 101.842 1.194
201706 0.000 101.848 0.000
201709 2.087 101.524 2.473
201712 2.426 102.975 2.834
201803 2.432 102.122 2.864
201806 2.425 104.165 2.800
201809 2.421 103.818 2.805
201812 2.422 104.193 2.796
201903 2.417 103.488 2.809
201906 2.377 104.612 2.733
201909 2.371 103.905 2.745
201912 2.369 105.015 2.713
202003 2.363 103.469 2.747
202006 2.292 104.254 2.644
202009 2.285 103.521 2.655
202012 2.206 104.456 2.540
202103 2.204 104.857 2.528
202106 2.143 107.102 2.407
202109 2.155 107.669 2.407
202112 2.104 111.298 2.274
202203 2.115 115.153 2.209
202206 2.025 118.044 2.063
202209 2.029 117.221 2.082
202212 1.827 117.650 1.868
202303 1.824 118.948 1.844
202306 1.741 120.278 1.741

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.


Metrovacesa  (XMAD:MVC) 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.


Metrovacesa Cyclically Adjusted PB Ratio Related Terms

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Metrovacesa (XMAD:MVC) Business Description

Traded in Other Exchanges
Address
Quintanavides street, 13, Parque vía Norte, Madrid, ESP, 28050
Metrovacesa SA is a real estate company. Its operations mainly focus on the development and sale of residential property on land classified as suitable for development. Operating segments is Residential, Commercial and Others. The company earns majority of its revenue through Residential segment. Geographically, it operates majorly in Spain.