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Crown Holdings (FRA:CWN) Cyclically Adjusted PB Ratio : 7.71 (As of Jun. 02, 2024)


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What is Crown Holdings Cyclically Adjusted PB Ratio?

As of today (2024-06-02), Crown Holdings's current share price is €76.62. Crown Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.94. Crown Holdings's Cyclically Adjusted PB Ratio for today is 7.71.

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

FRA:CWN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.11   Med: 25.24   Max: 732.13
Current: 7.75

During the past years, Crown Holdings's highest Cyclically Adjusted PB Ratio was 732.13. The lowest was 7.11. And the median was 25.24.

FRA:CWN's Cyclically Adjusted PB Ratio is ranked worse than
94.92% of 295 companies
in the Packaging & Containers industry
Industry Median: 1.29 vs FRA:CWN: 7.75

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.

Crown Holdings's adjusted book value per share data for the three months ended in Mar. 2024 was €18.814. 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 €9.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crown Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Crown Holdings'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.

Crown Holdings Cyclically Adjusted PB Ratio Chart

Crown Holdings 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 30.99 26.70 18.69 10.36 9.05

Crown Holdings 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 9.71 9.53 9.12 9.05 7.29

Competitive Comparison of Crown Holdings's Cyclically Adjusted PB Ratio

For the Packaging & Containers subindustry, Crown Holdings'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.


Crown Holdings's Cyclically Adjusted PB Ratio Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Crown Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Crown Holdings 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.

Crown Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=76.62/9.94
=7.71

* 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.

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

For example, Crown Holdings'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)
=18.814/131.7762*131.7762
=18.814

Current CPI (Mar. 2024) = 131.7762.

Crown Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.763 100.560 1.000
201409 1.508 100.428 1.979
201412 0.694 99.070 0.923
201503 -0.179 99.621 -0.237
201506 0.805 100.684 1.054
201509 0.895 100.392 1.175
201512 0.619 99.792 0.817
201603 1.604 100.470 2.104
201606 2.026 101.688 2.625
201609 2.989 101.861 3.867
201612 2.481 101.863 3.210
201703 3.685 102.862 4.721
201706 4.091 103.349 5.216
201709 4.986 104.136 6.309
201712 3.782 104.011 4.792
201803 4.620 105.290 5.782
201806 4.964 106.317 6.153
201809 5.965 106.507 7.380
201812 6.093 105.998 7.575
201903 7.415 107.251 9.111
201906 8.456 108.070 10.311
201909 10.847 108.329 13.195
201912 11.371 108.420 13.821
202003 11.184 108.902 13.533
202006 11.959 108.767 14.489
202009 12.027 109.815 14.432
202012 13.403 109.897 16.071
202103 14.800 111.754 17.452
202106 14.206 114.631 16.331
202109 16.229 115.734 18.478
202112 13.415 117.630 15.028
202203 13.396 121.301 14.553
202206 13.577 125.017 14.311
202209 14.028 125.227 14.762
202212 14.552 125.222 15.314
202303 15.786 127.348 16.335
202306 17.176 128.729 17.583
202309 18.181 129.860 18.449
202312 18.318 129.419 18.652
202403 18.814 131.776 18.814

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.


Crown Holdings  (FRA:CWN) 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.


Crown Holdings Cyclically Adjusted PB Ratio Related Terms

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


Crown Holdings (FRA:CWN) Business Description

Traded in Other Exchanges
Address
14025 Riveredge Drive, Suite 300, Tampa, FL, USA, 33637-2015
Crown Holdings is one of the world's largest producers of metal packaging. The company manufactures beverage cans, metal food cans, and closures as well as aerosol cans. With the purchase of Signode, the company also has a presence in a wide variety of protective transport packaging. Although it's headquartered in the United States, the vast majority of Crown's sales come from its operations in Europe, South America, and Southeast Asia.

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