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FLSmidth. A/S (FRA:F6O1) Cyclically Adjusted PB Ratio : 2.02 (As of Jun. 04, 2024)


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What is FLSmidth. A/S Cyclically Adjusted PB Ratio?

As of today (2024-06-04), FLSmidth. A/S's current share price is €52.20. FLSmidth. A/S's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €25.79. FLSmidth. A/S's Cyclically Adjusted PB Ratio for today is 2.02.

The historical rank and industry rank for FLSmidth. A/S's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:F6O1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.47   Max: 2.72
Current: 2.04

During the past years, FLSmidth. A/S's highest Cyclically Adjusted PB Ratio was 2.72. The lowest was 0.86. And the median was 1.47.

FRA:F6O1's Cyclically Adjusted PB Ratio is ranked worse than
52.79% of 2148 companies
in the Industrial Products industry
Industry Median: 1.89 vs FRA:F6O1: 2.04

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.

FLSmidth. A/S's adjusted book value per share data for the three months ended in Mar. 2024 was €26.200. 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 €25.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FLSmidth. A/S Cyclically Adjusted PB Ratio Historical Data

The historical data trend for FLSmidth. A/S'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.

FLSmidth. A/S Cyclically Adjusted PB Ratio Chart

FLSmidth. A/S 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 1.59 1.38 1.40 1.34 1.51

FLSmidth. A/S 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 1.38 1.76 1.68 1.51 1.78

Competitive Comparison of FLSmidth. A/S's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, FLSmidth. A/S'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.


FLSmidth. A/S's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FLSmidth. A/S's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FLSmidth. A/S's Cyclically Adjusted PB Ratio falls into.



FLSmidth. A/S 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.

FLSmidth. A/S's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=52.20/25.79
=2.02

* 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.

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

For example, FLSmidth. A/S'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)
=26.2/118.4000*118.4000
=26.200

Current CPI (Mar. 2024) = 118.4000.

FLSmidth. A/S Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.857 99.700 23.581
201409 20.832 99.700 24.739
201412 21.242 99.400 25.302
201503 22.261 100.200 26.304
201506 22.363 100.300 26.399
201509 21.371 100.200 25.253
201512 21.760 99.800 25.815
201603 21.656 100.200 25.590
201606 21.600 100.600 25.422
201609 22.259 100.200 26.302
201612 23.114 100.300 27.285
201703 23.091 101.200 27.016
201706 22.452 101.200 26.268
201709 22.247 101.800 25.875
201712 21.708 101.300 25.372
201803 21.687 101.700 25.248
201806 21.279 102.300 24.628
201809 21.598 102.400 24.973
201812 22.192 102.100 25.735
201903 21.940 102.900 25.245
201906 22.204 102.900 25.549
201909 23.259 102.900 26.763
201912 23.479 102.900 27.016
202003 22.774 103.300 26.103
202006 22.624 103.200 25.956
202009 22.038 103.500 25.211
202012 21.806 103.400 24.969
202103 22.181 104.300 25.180
202106 22.453 105.000 25.318
202109 23.745 105.800 26.573
202112 24.586 106.600 27.308
202203 24.937 109.900 26.866
202206 26.176 113.600 27.282
202209 27.417 116.400 27.888
202212 25.618 115.900 26.171
202303 25.187 117.300 25.423
202306 25.418 116.400 25.855
202309 26.369 117.400 26.594
202312 25.674 116.700 26.048
202403 26.200 118.400 26.200

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.


FLSmidth. A/S  (FRA:F6O1) 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.


FLSmidth. A/S Cyclically Adjusted PB Ratio Related Terms

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


FLSmidth. A/S (FRA:F6O1) Business Description

Traded in Other Exchanges
Address
Vigerslev Alle 77, Valby, Copenhagen, DNK, DK-2500
FLSmidth & Co. A/S is a Denmark-based company that designs, manufactures, and supplies machinery, cement plants, and minerals processing solutions and provide services along with the construction. The company's two segments are mining and cement. The majority of revenue is generated from the mining segment. Geographically, the company operates across the Americas, Asia, Africa, Europe, and Oceania. Among all areas, South America contributes the most revenue, mainly due to mining.

FLSmidth. A/S (FRA:F6O1) Headlines

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