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Cencora (LTS:0HF3) Cyclically Adjusted PB Ratio : 24.02 (As of May. 23, 2024)


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What is Cencora Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Cencora's current share price is $220.30. Cencora's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $9.17. Cencora's Cyclically Adjusted PB Ratio for today is 24.02.

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

LTS:0HF3' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.74   Med: 8.53   Max: 26.32
Current: 23.46

During the past years, Cencora's highest Cyclically Adjusted PB Ratio was 26.32. The lowest was 4.74. And the median was 8.53.

LTS:0HF3's Cyclically Adjusted PB Ratio is ranked worse than
98.44% of 64 companies
in the Medical Distribution industry
Industry Median: 1.36 vs LTS:0HF3: 23.46

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.

Cencora's adjusted book value per share data for the three months ended in Mar. 2024 was $5.432. 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 $9.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cencora Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cencora'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.

Cencora Cyclically Adjusted PB Ratio Chart

Cencora Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.15 8.35 11.10 13.15 18.98

Cencora 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 16.31 19.91 18.98 22.21 26.30

Competitive Comparison of Cencora's Cyclically Adjusted PB Ratio

For the Medical Distribution subindustry, Cencora'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.


Cencora's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

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

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



Cencora 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=220.30/9.17
=24.02

* 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.

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

For example, Cencora'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)
=5.432/131.7762*131.7762
=5.432

Current CPI (Mar. 2024) = 131.7762.

Cencora Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.856 100.560 11.605
201409 8.818 100.428 11.571
201412 8.062 99.070 10.724
201503 8.667 99.621 11.464
201506 7.277 100.684 9.524
201509 2.979 100.392 3.910
201512 6.301 99.792 8.320
201603 9.782 100.470 12.830
201606 8.755 101.688 11.345
201609 9.677 101.861 12.519
201612 9.754 101.863 12.618
201703 11.586 102.862 14.843
201706 11.658 103.349 14.865
201709 9.470 104.136 11.984
201712 13.156 104.011 16.668
201803 14.506 105.290 18.155
201806 14.283 106.317 17.703
201809 13.755 106.507 17.018
201812 14.446 105.998 17.959
201903 13.899 107.251 17.077
201906 14.346 108.070 17.493
201909 13.924 108.329 16.938
201912 14.358 108.420 17.451
202003 17.657 108.902 21.366
202006 18.912 108.767 22.913
202009 -4.989 109.815 -5.987
202012 -3.406 109.897 -4.084
202103 -1.372 111.754 -1.618
202106 0.183 114.631 0.210
202109 1.073 115.734 1.222
202112 1.155 117.630 1.294
202203 2.628 121.301 2.855
202206 1.079 125.017 1.137
202209 -1.026 125.227 -1.080
202212 -0.881 125.222 -0.927
202303 1.392 127.348 1.440
202306 3.394 128.729 3.474
202309 2.599 129.860 2.637
202312 4.571 129.419 4.654
202403 5.432 131.776 5.432

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.


Cencora  (LTS:0HF3) 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.


Cencora Cyclically Adjusted PB Ratio Related Terms

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


Cencora (LTS:0HF3) Business Description

Traded in Other Exchanges
Address
1 West First Avenue, Conshohocken, PA, USA, 19428-1800
Cencora is one of three domestic leading pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health constitute over 90% of the U.S. pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.

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