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Matson (FRA:68M) Cyclically Adjusted PB Ratio : 4.14 (As of Jun. 09, 2024)


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What is Matson Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Matson's current share price is €112.00. Matson's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €27.03. Matson's Cyclically Adjusted PB Ratio for today is 4.14.

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

FRA:68M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.98   Med: 2.04   Max: 7.53
Current: 4.08

During the past years, Matson's highest Cyclically Adjusted PB Ratio was 7.53. The lowest was 0.98. And the median was 2.04.

FRA:68M's Cyclically Adjusted PB Ratio is ranked worse than
87.55% of 723 companies
in the Transportation industry
Industry Median: 1.25 vs FRA:68M: 4.08

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.

Matson's adjusted book value per share data for the three months ended in Mar. 2024 was €63.916. 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 €27.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Matson Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Matson'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.

Matson Cyclically Adjusted PB Ratio Chart

Matson 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 2.51 3.73 5.58 2.92 3.93

Matson Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.58 3.14 3.35 3.93 3.77

Competitive Comparison of Matson's Cyclically Adjusted PB Ratio

For the Marine Shipping subindustry, Matson'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.


Matson's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

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

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



Matson 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.

Matson's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=112.00/27.03
=4.14

* 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.

Matson's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Matson's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=63.916/131.7762*131.7762
=63.916

Current CPI (Mar. 2024) = 131.7762.

Matson Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.854 100.560 7.671
201409 6.615 100.428 8.680
201412 6.830 99.070 9.085
201503 8.193 99.621 10.837
201506 7.920 100.684 10.366
201509 8.820 100.392 11.577
201512 9.509 99.792 12.557
201603 9.128 100.470 11.972
201606 9.000 101.688 11.663
201609 9.550 101.861 12.355
201612 10.936 101.863 14.148
201703 10.108 102.862 12.949
201706 9.821 103.349 12.522
201709 10.250 104.136 12.971
201712 13.464 104.011 17.058
201803 12.975 105.290 16.239
201806 14.024 106.317 17.382
201809 14.925 106.507 18.466
201812 15.548 105.998 19.329
201903 15.767 107.251 19.373
201906 15.802 108.070 19.268
201909 16.897 108.329 20.554
201912 16.903 108.420 20.544
202003 16.825 108.902 20.359
202006 16.811 108.767 20.367
202009 17.576 109.815 21.091
202012 18.289 109.897 21.930
202103 19.898 111.754 23.463
202106 22.398 114.631 25.748
202109 27.195 115.734 30.964
202112 35.991 117.630 40.319
202203 42.794 121.301 46.490
202206 51.779 125.017 54.579
202209 61.449 125.227 64.663
202212 59.732 125.222 62.859
202303 59.137 127.348 61.193
202306 59.896 128.729 61.314
202309 64.111 129.860 65.057
202312 63.995 129.419 65.160
202403 63.916 131.776 63.916

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.


Matson  (FRA:68M) 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.


Matson Cyclically Adjusted PB Ratio Related Terms

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


Matson (FRA:68M) Business Description

Industry
Traded in Other Exchanges
Address
1411 Sand Island Parkway, Honolulu, HI, USA, 96819
Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific, and logistics which offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates the majority of its revenue from ocean transportation.

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