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Pool (FRA:SP1) Cyclically Adjusted PB Ratio : 21.74 (As of May. 24, 2024)


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What is Pool Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Pool's current share price is €337.90. Pool's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €15.54. Pool's Cyclically Adjusted PB Ratio for today is 21.74.

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

FRA:SP1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.75   Med: 23.37   Max: 63.76
Current: 21.98

During the past years, Pool's highest Cyclically Adjusted PB Ratio was 63.76. The lowest was 8.75. And the median was 23.37.

FRA:SP1's Cyclically Adjusted PB Ratio is ranked worse than
100% of 123 companies
in the Industrial Distribution industry
Industry Median: 1.3 vs FRA:SP1: 21.98

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.

Pool's adjusted book value per share data for the three months ended in Mar. 2024 was €32.188. 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 €15.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pool Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pool'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.

Pool Cyclically Adjusted PB Ratio Chart

Pool 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 30.80 49.00 58.45 24.02 25.48

Pool 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 25.54 26.30 23.66 25.48 24.29

Competitive Comparison of Pool's Cyclically Adjusted PB Ratio

For the Industrial Distribution subindustry, Pool'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.


Pool's Cyclically Adjusted PB Ratio Distribution in the Industrial Distribution Industry

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

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



Pool 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=337.90/15.54
=21.74

* 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.

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

For example, Pool'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)
=32.188/131.7762*131.7762
=32.188

Current CPI (Mar. 2024) = 131.7762.

Pool Quarterly Data

Book Value per Share CPI Adj_Book
201406 4.525 100.560 5.930
201409 4.523 100.428 5.935
201412 4.554 99.070 6.057
201503 5.112 99.621 6.762
201506 5.370 100.684 7.028
201509 5.461 100.392 7.168
201512 5.497 99.792 7.259
201603 4.403 100.470 5.775
201606 5.646 101.688 7.317
201609 5.810 101.861 7.516
201612 4.734 101.863 6.124
201703 5.037 102.862 6.453
201706 6.529 103.349 8.325
201709 4.403 104.136 5.572
201712 4.689 104.011 5.941
201803 4.993 105.290 6.249
201806 6.654 106.317 8.247
201809 7.891 106.507 9.763
201812 4.975 105.998 6.185
201903 5.016 107.251 6.163
201906 7.612 108.070 9.282
201909 9.211 108.329 11.205
201912 9.212 108.420 11.196
202003 7.896 108.902 9.555
202006 10.795 108.767 13.079
202009 12.464 109.815 14.957
202012 13.065 109.897 15.666
202103 13.787 111.754 16.257
202106 18.092 114.631 20.798
202109 20.894 115.734 23.790
202112 23.591 117.630 26.428
202203 26.583 121.301 28.879
202206 29.370 125.017 30.958
202209 30.798 125.227 32.409
202212 29.845 125.222 31.407
202303 30.072 127.348 31.118
202306 34.476 128.729 35.292
202309 34.358 129.860 34.865
202312 31.387 129.419 31.959
202403 32.188 131.776 32.188

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.


Pool  (FRA:SP1) 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.


Pool Cyclically Adjusted PB Ratio Related Terms

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


Pool (FRA:SP1) Business Description

Traded in Other Exchanges
Address
109 Northpark Boulevard, Covington, LA, USA, 70433-5001
Pool Corp distributes swimming pool supplies and related products. It sells national-brand and private-label products to approximately 120000 customers. The products include non-discretionary pool-maintenance products, like chemicals and replacement parts, as well as pool equipment, like packaged pools (kits to build swimming pools), cleaners, filters, heaters, pumps, and lights. Customers include pool builders and remodelers, independent retail stores, and pool repair and service companies.

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