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Access Engineering (COL:AEL.N0000) Cyclically Adjusted PB Ratio : 0.96 (As of Jun. 08, 2024)


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What is Access Engineering Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Access Engineering's current share price is රු24.50. Access Engineering's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was රු25.65. Access Engineering's Cyclically Adjusted PB Ratio for today is 0.96.

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

COL:AEL.N0000' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.71   Max: 1.74
Current: 0.91

During the past years, Access Engineering's highest Cyclically Adjusted PB Ratio was 1.74. The lowest was 0.36. And the median was 0.71.

COL:AEL.N0000's Cyclically Adjusted PB Ratio is ranked better than
59.19% of 1257 companies
in the Construction industry
Industry Median: 1.12 vs COL:AEL.N0000: 0.91

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.

Access Engineering's adjusted book value per share data for the three months ended in Dec. 2023 was රු35.461. 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 රු25.65 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Access Engineering Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Access Engineering'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.

Access Engineering Cyclically Adjusted PB Ratio Chart

Access Engineering Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.67 0.59

Access Engineering Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.46 0.59 0.67 0.78 0.79

Competitive Comparison of Access Engineering's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Access Engineering'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.


Access Engineering's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Access Engineering's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Access Engineering 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.

Access Engineering's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.50/25.65
=0.96

* 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.

Access Engineering's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=35.461/129.4194*129.4194
=35.461

Current CPI (Dec. 2023) = 129.4194.

Access Engineering Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.916 99.695 19.363
201406 0.000 100.560 0.000
201409 15.594 100.428 20.096
201412 15.624 99.070 20.410
201503 16.269 99.621 21.135
201506 16.622 100.684 21.366
201509 17.307 100.392 22.311
201512 16.812 99.792 21.803
201603 17.462 100.470 22.493
201606 17.488 101.688 22.257
201609 18.209 101.861 23.135
201612 18.339 101.863 23.300
201703 18.840 102.862 23.704
201706 19.438 103.349 24.341
201709 19.516 104.136 24.254
201712 19.322 104.011 24.042
201803 19.793 105.290 24.329
201806 21.123 106.317 25.713
201809 21.753 106.507 26.433
201812 22.163 105.998 27.060
201903 21.195 107.251 25.576
201906 21.234 108.070 25.429
201909 21.733 108.329 25.964
201912 21.805 108.420 26.028
202003 21.834 108.902 25.948
202006 21.906 108.767 26.065
202009 21.934 109.815 25.850
202012 22.608 109.897 26.624
202103 23.825 111.754 27.591
202106 23.852 114.631 26.929
202109 24.262 115.734 27.131
202112 25.328 117.630 27.867
202203 28.187 121.301 30.073
202206 27.561 125.017 28.532
202209 27.611 125.227 28.535
202212 27.385 125.222 28.303
202303 29.557 127.348 30.038
202306 29.969 128.729 30.130
202309 34.844 129.860 34.726
202312 35.461 129.419 35.461

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.


Access Engineering  (COL:AEL.N0000) 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.


Access Engineering Cyclically Adjusted PB Ratio Related Terms

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


Access Engineering (COL:AEL.N0000) Business Description

Traded in Other Exchanges
N/A
Address
No. 278, Union Place, Access Towers, Colombo, LKA, 02
Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.

Access Engineering (COL:AEL.N0000) Headlines

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