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Anteris Technologies (ASX:AVR) Cyclically Adjusted PB Ratio : 2.35 (As of Jun. 06, 2024)


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What is Anteris Technologies Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Anteris Technologies's current share price is A$18.90. Anteris Technologies's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was A$8.04. Anteris Technologies's Cyclically Adjusted PB Ratio for today is 2.35.

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

ASX:AVR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 2.05   Max: 7.16
Current: 2.36

During the past 13 years, Anteris Technologies's highest Cyclically Adjusted PB Ratio was 7.16. The lowest was 0.25. And the median was 2.05.

ASX:AVR's Cyclically Adjusted PB Ratio is ranked worse than
55.79% of 475 companies
in the Medical Devices & Instruments industry
Industry Median: 2.1 vs ASX:AVR: 2.36

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.

Anteris Technologies's adjusted book value per share data of for the fiscal year that ended in Dec23 was A$1.605. 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 A$8.04 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Anteris Technologies Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Anteris Technologies'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.

Anteris Technologies Cyclically Adjusted PB Ratio Chart

Anteris Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.30 1.30 2.42 2.38

Anteris Technologies 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 1.30 - 2.42 - 2.38

Competitive Comparison of Anteris Technologies's Cyclically Adjusted PB Ratio

For the Medical Devices subindustry, Anteris Technologies'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.


Anteris Technologies's Cyclically Adjusted PB Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Anteris Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Anteris Technologies 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.

Anteris Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.90/8.04
=2.35

* 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.

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

For example, Anteris Technologies'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)
=1.605/126.3989*126.3989
=1.605

Current CPI (Dec23) = 126.3989.

Anteris Technologies Annual Data

Book Value per Share CPI Adj_Book
201406 24.122 98.352 31.001
201506 19.630 99.838 24.852
201606 10.572 100.859 13.249
201706 -0.408 102.809 -0.502
201812 3.580 105.967 4.270
201912 2.629 107.917 3.079
202012 0.387 108.846 0.449
202112 1.293 112.654 1.451
202212 0.951 121.477 0.990
202312 1.605 126.399 1.605

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.


Anteris Technologies  (ASX:AVR) 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.


Anteris Technologies Cyclically Adjusted PB Ratio Related Terms

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


Anteris Technologies (ASX:AVR) Business Description

Traded in Other Exchanges
Address
Level 3, 9 Sherwood Road, Suite 302, Toowong Tower, Toowong, QLD, AUS, 4066
Anteris Technologies Ltd is a structural heart company engaged in delivering clinically superior solutions that help healthcare professionals create life-changing outcomes for patients. The group's solutions include Anteris' DurAVR transcatheter heart valve for younger patients who need a heart valve that will last their lifetime, as well as DurAVR with its biomimetic design that replicates the normal blood flow of a healthy human aortic valve. The company derives key revenue from Australia and the U.S.

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