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Owens & Minor (FRA:6OM) Cyclically Adjusted PB Ratio : 1.11 (As of Jun. 06, 2024)


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What is Owens & Minor Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Owens & Minor's current share price is €15.70. Owens & Minor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €14.16. Owens & Minor's Cyclically Adjusted PB Ratio for today is 1.11.

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

FRA:6OM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.17   Med: 2.07   Max: 3.18
Current: 1.14

During the past years, Owens & Minor's highest Cyclically Adjusted PB Ratio was 3.18. The lowest was 0.17. And the median was 2.07.

FRA:6OM's Cyclically Adjusted PB Ratio is ranked better than
67.69% of 65 companies
in the Medical Distribution industry
Industry Median: 1.35 vs FRA:6OM: 1.14

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.

Owens & Minor's adjusted book value per share data for the three months ended in Mar. 2024 was €10.769. 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 €14.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Owens & Minor Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Owens & Minor'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.

Owens & Minor Cyclically Adjusted PB Ratio Chart

Owens & Minor 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 0.33 1.82 2.83 1.25 1.26

Owens & Minor 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 0.93 1.21 1.04 1.26 1.81

Competitive Comparison of Owens & Minor's Cyclically Adjusted PB Ratio

For the Medical Distribution subindustry, Owens & Minor'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.


Owens & Minor's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Owens & Minor's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Owens & Minor 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.

Owens & Minor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.70/14.16
=1.11

* 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.

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

For example, Owens & Minor'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)
=10.769/131.7762*131.7762
=10.769

Current CPI (Mar. 2024) = 131.7762.

Owens & Minor Quarterly Data

Book Value per Share CPI Adj_Book
201406 12.037 100.560 15.774
201409 12.394 100.428 16.263
201412 12.741 99.070 16.947
201503 14.178 99.621 18.754
201506 13.815 100.684 18.081
201509 13.961 100.392 18.326
201512 14.509 99.792 19.159
201603 14.369 100.470 18.846
201606 14.185 101.688 18.382
201609 14.249 101.861 18.434
201612 14.912 101.863 19.291
201703 14.818 102.862 18.983
201706 14.443 103.349 18.416
201709 13.750 104.136 17.400
201712 13.958 104.011 17.684
201803 13.369 105.290 16.732
201806 11.015 106.317 13.653
201809 10.906 106.507 13.494
201812 7.315 105.998 9.094
201903 7.057 107.251 8.671
201906 6.984 108.070 8.516
201909 7.096 108.329 8.632
201912 6.619 108.420 8.045
202003 5.992 108.902 7.251
202006 5.505 108.767 6.670
202009 6.014 109.815 7.217
202012 7.966 109.897 9.552
202103 8.794 111.754 10.370
202106 9.580 114.631 11.013
202109 9.996 115.734 11.382
202112 11.011 117.630 12.335
202203 11.309 121.301 12.286
202206 11.906 125.017 12.550
202209 12.812 125.227 13.482
202212 11.702 125.222 12.315
202303 11.331 127.348 11.725
202306 10.822 128.729 11.078
202309 10.863 129.860 11.023
202312 11.071 129.419 11.273
202403 10.769 131.776 10.769

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.


Owens & Minor  (FRA:6OM) 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.


Owens & Minor Cyclically Adjusted PB Ratio Related Terms

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


Owens & Minor (FRA:6OM) Business Description

Traded in Other Exchanges
Address
9120 Lockwood Boulevard, Mechanicsville, VA, USA, 23116
Owens & Minor Inc distributes consumable medical supplies to a variety of providers. The business is under two segments: Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment includes the United States distribution business (Medical Distribution), outsourced logistics and value-added services business, and Global Products business which manufactures and sources medical surgical products through production and kitting operations. The Patient Direct segment includes home healthcare businesses (Byram and Apria).

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