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Sika AG (XSWX:SIKA) Cyclically Adjusted PB Ratio : 10.39 (As of Apr. 27, 2024)


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What is Sika AG Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Sika AG's current share price is CHF264.20. Sika AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was CHF25.44. Sika AG's Cyclically Adjusted PB Ratio for today is 10.39.

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

XSWX:SIKA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.38   Med: 8.16   Max: 20.08
Current: 10.06

During the past 13 years, Sika AG's highest Cyclically Adjusted PB Ratio was 20.08. The lowest was 3.38. And the median was 8.16.

XSWX:SIKA's Cyclically Adjusted PB Ratio is ranked worse than
95.04% of 1048 companies
in the Chemicals industry
Industry Median: 1.57 vs XSWX:SIKA: 10.06

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.

Sika AG's adjusted book value per share data of for the fiscal year that ended in Dec23 was CHF36.903. 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 CHF25.44 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sika AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sika AG'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.

Sika AG Cyclically Adjusted PB Ratio Chart

Sika AG 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 10.13 12.87 18.29 9.61 10.76

Sika AG 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 18.29 - 9.61 - 10.76

Competitive Comparison of Sika AG's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Sika AG'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.


Sika AG's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sika AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Sika AG 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.

Sika AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=264.20/25.44
=10.39

* 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.

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

For example, Sika AG'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)
=36.903/106.4611*106.4611
=36.903

Current CPI (Dec23) = 106.4611.

Sika AG Annual Data

Book Value per Share CPI Adj_Book
201412 18.320 100.704 19.367
201512 19.587 99.386 20.981
201612 22.616 99.380 24.228
201712 26.161 100.213 27.792
201812 11.615 100.906 12.254
201912 22.041 101.063 23.218
202012 23.179 100.241 24.617
202112 30.723 101.776 32.137
202212 32.317 104.666 32.871
202312 36.903 106.461 36.903

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.


Sika AG  (XSWX:SIKA) 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.


Sika AG Cyclically Adjusted PB Ratio Related Terms

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


Sika AG (XSWX:SIKA) Business Description

Industry
Address
Zugerstrasse 50, Baar, CHE, 6340
Sika AG manufactures and sells specialty chemical-based products. The majority of the company's revenue comes from the construction industry. Sika's products are used mainly for bonding, sealing, damping, reinforcing, and protecting in the building and motor vehicle industries. The firm produces additives for concrete, cement, and mortar production, waterproofing systems, roof waterproofing, flooring solutions, sealants, adhesive tapes, assembly foams and elastic adhesives for facade construction, interior and infrastructure construction, as well as concrete protection and repair solutions. The company's reportable segments are based on geography: EMEA, the Americas; Asia-Pacific; and global business. The EMEA segment generates the majority of revenue.

Sika AG (XSWX:SIKA) Headlines

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