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Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Cyclically Adjusted PB Ratio : 11.75 (As of May. 28, 2024)


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What is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio?

As of today (2024-05-28), Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current share price is ₺518.00. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₺44.08. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is 11.75.

The historical rank and industry rank for Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:BRSAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.7   Max: 29.16
Current: 11.86

During the past years, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 29.16. The lowest was 0.70. And the median was 1.70.

IST:BRSAN's Cyclically Adjusted PB Ratio is ranked worse than
97.25% of 472 companies
in the Steel industry
Industry Median: 0.91 vs IST:BRSAN: 11.86

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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's adjusted book value per share data for the three months ended in Mar. 2024 was ₺195.636. 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 ₺44.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS'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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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 1.17 2.34 1.69 3.59 15.39

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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 3.96 8.96 20.66 15.39 14.28

Competitive Comparison of Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio

For the Steel subindustry, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS'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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.



Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=518.00/44.08
=11.75

* 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS'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)
=195.636/131.7762*131.7762
=195.636

Current CPI (Mar. 2024) = 131.7762.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 7.039 99.070 9.363
201503 7.673 99.621 10.150
201506 8.058 100.684 10.546
201509 9.354 100.392 12.278
201512 8.794 99.792 11.613
201603 8.532 100.470 11.191
201606 9.071 101.688 11.755
201609 9.551 101.861 12.356
201612 11.297 101.863 14.615
201703 10.973 102.862 14.057
201706 11.298 103.349 14.406
201709 11.936 104.136 15.104
201712 12.901 104.011 16.345
201803 12.915 105.290 16.164
201806 15.368 106.317 19.048
201809 20.887 106.507 25.843
201812 19.538 105.998 24.290
201903 19.948 107.251 24.510
201906 21.047 108.070 25.664
201909 20.430 108.329 24.852
201912 20.357 108.420 24.742
202003 22.389 108.902 27.092
202006 23.220 108.767 28.132
202009 25.894 109.815 31.072
202012 25.031 109.897 30.014
202103 29.010 111.754 34.207
202106 30.936 114.631 35.563
202109 31.912 115.734 36.335
202112 46.914 117.630 52.556
202203 52.363 121.301 56.885
202206 60.969 125.017 64.265
202209 69.161 125.227 72.778
202212 83.646 125.222 88.024
202303 95.685 127.348 99.012
202306 141.355 128.729 144.701
202309 148.581 129.860 150.774
202312 176.005 129.419 179.210
202403 195.636 131.776 195.636

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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS  (IST:BRSAN) 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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Business Description

Traded in Other Exchanges
N/A
Address
Meclisi Mebusan Caddesi No. 35 – 37, Salipazari, Istanbul, TUR, 34427
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.

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