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Nilfisk Holding A/S (OCSE:NLFSK) Cyclically Adjusted PB Ratio : 1.63 (As of Jun. 05, 2024)


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What is Nilfisk Holding A/S Cyclically Adjusted PB Ratio?

As of today (2024-06-05), Nilfisk Holding A/S's current share price is kr152.80. Nilfisk Holding A/S's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was kr93.82. Nilfisk Holding A/S's Cyclically Adjusted PB Ratio for today is 1.63.

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

OCSE:NLFSK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 1.34   Max: 1.66
Current: 1.66

During the past 10 years, Nilfisk Holding A/S's highest Cyclically Adjusted PB Ratio was 1.66. The lowest was 1.22. And the median was 1.34.

OCSE:NLFSK's Cyclically Adjusted PB Ratio is ranked better than
54.74% of 2154 companies
in the Industrial Products industry
Industry Median: 1.895 vs OCSE:NLFSK: 1.66

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.

Nilfisk Holding A/S's adjusted book value per share data of for the fiscal year that ended in Dec23 was kr75.561. 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 kr93.82 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nilfisk Holding A/S Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nilfisk Holding 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.

Nilfisk Holding A/S Cyclically Adjusted PB Ratio Chart

Nilfisk Holding 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 - - - - 1.26

Nilfisk Holding 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 - - - 1.26 -

Competitive Comparison of Nilfisk Holding A/S's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Nilfisk Holding 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.


Nilfisk Holding A/S's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Nilfisk Holding 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.

Nilfisk Holding A/S's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=152.80/93.82
=1.63

* 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.

Nilfisk Holding A/S's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Nilfisk Holding A/S's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=75.561/116.7000*116.7000
=75.561

Current CPI (Dec23) = 116.7000.

Nilfisk Holding A/S Annual Data

Book Value per Share CPI Adj_Book
201412 0.000 99.400 0.000
201512 54.985 99.800 64.296
201612 334.468 100.300 389.157
201712 37.860 101.300 43.616
201812 40.567 102.100 46.368
201912 43.509 102.900 49.344
202012 36.970 103.400 41.725
202112 56.937 106.600 62.332
202212 71.498 115.900 71.992
202312 75.561 116.700 75.561

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.


Nilfisk Holding A/S  (OCSE:NLFSK) 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.


Nilfisk Holding A/S Cyclically Adjusted PB Ratio Related Terms

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Nilfisk Holding A/S (OCSE:NLFSK) Business Description

Traded in Other Exchanges
Address
Kornmarksvej 1, Brondby, DNK, DK-2605
Nilfisk Holding A/S through its subsidiaries manufactures and produces cleaning equipment. The product offered by the group includes floor-cleaning machines, high-pressure cleaners, industrial vacuum cleaners, and outdoor cleaning equipment. In addition, the firm also provides after-sales service for the professional cleaning industry. The operating segments of the organization are Europe, Americas, APAC, Consumer, Private Label and other. Geographically the activities are carried out throughout the region of Denmark.

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