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Precision Castparts (Precision Castparts) Cyclically Adjusted PB Ratio : (As of May. 05, 2024)


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What is Precision Castparts Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Precision Castparts Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Precision Castparts'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.

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Precision Castparts Cyclically Adjusted PB Ratio Chart

Precision Castparts Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15
Cyclically Adjusted PB Ratio
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Precision Castparts Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of Precision Castparts's Cyclically Adjusted PB Ratio

For the Metal Fabrication subindustry, Precision Castparts'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.


Precision Castparts's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Precision Castparts 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.

Precision Castparts's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2015 is calculated as:

For example, Precision Castparts's adjusted Book Value per Share data for the three months ended in Sep. 2015 was:

Adj_Book=Book Value per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=83.408/100.3915*100.3915
=83.408

Current CPI (Sep. 2015) = 100.3915.

Precision Castparts Quarterly Data

Book Value per Share CPI Adj_Book
200512 15.030 83.032 18.172
200603 15.840 84.298 18.864
200606 16.783 85.606 19.682
200609 18.115 85.606 21.244
200612 19.529 85.142 23.027
200703 20.671 86.640 23.952
200706 22.556 87.906 25.760
200709 24.420 87.964 27.870
200712 26.435 88.616 29.948
200803 29.095 90.090 32.422
200806 31.237 92.320 33.968
200809 32.576 92.307 35.429
200812 32.966 88.697 37.312
200903 34.698 89.744 38.815
200906 37.333 91.003 41.184
200909 38.867 91.120 42.822
200912 40.522 91.111 44.649
201003 41.505 91.821 45.379
201006 43.225 91.962 47.187
201009 45.454 92.162 49.513
201012 47.471 92.474 51.535
201103 49.832 94.283 53.061
201106 52.050 95.235 54.869
201109 53.774 95.727 56.394
201112 55.911 95.213 58.952
201203 57.558 96.783 59.704
201206 59.662 96.819 61.863
201209 62.332 97.633 64.093
201212 64.864 96.871 67.221
201303 66.912 98.209 68.399
201306 69.715 98.518 71.041
201309 72.376 98.790 73.549
201312 75.984 98.326 77.580
201403 78.478 99.695 79.027
201406 82.168 100.560 82.031
201409 81.609 100.428 81.580
201412 83.143 99.070 84.252
201503 78.860 99.621 79.470
201506 81.594 100.684 81.357
201509 83.408 100.392 83.408

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.


Precision Castparts  (NYSE:PCP) 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.


Precision Castparts Cyclically Adjusted PB Ratio Related Terms

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


Precision Castparts (Precision Castparts) Business Description

Traded in Other Exchanges
N/A
Address
Precision Castparts Corp was incorporated in the State of Oregon. The Company is a manufacturer of complex metal components and products provides high-quality investment castings, forgings and fasteners/fastener systems for critical aerospace and power applications. It also provides investment castings and forgings for general industrial, armament, medical and other applications; nickel alloys and mill forms, as well as cobalt alloys, for the aerospace, chemical processing, oil and gas, pollution control and other industries; seamless pipe for coal-fired, industrial gas turbine, and nuclear power plants, as well as oil and gas applications; fasteners for automotive and general industrial markets; specialty alloys for the investment casting industry; refiner plates, screen cylinders and other products for the pulp and paper industry; metal-injection-molded and ThixoFormedparts for automotive and other markets; grinder pumps and affiliated components for low pressure sewer systems; critical auxiliary equipment and gas monitoring systems for the power generation industry; and metalworking tools for the fastener market and other applications. It manufactures complex metal components and products in three main business segments: Investment Cast Products, Forged Products and Fastener Products. The Company's Investment Cast Products segment manufactures investment castings for aircraft engines, IGT engines, airframes, medical prostheses, armament, unmanned aerial vehicles and other industrial applications. The segment also provides alloys to PCC's investment casting operations, as well as to other investment casting companies. It manufactures forged components for the aerospace and power generation markets. Forged Products' aerospace and IGT sales are mainly derived from the same large engine customers served by the Investment Cast Products segment, with additional aerospace sales to manufacturers of landing gear and airframes. Therefore, the dynamics of the aerospace and IGT markets, as described in the Investment Cast Products section above, are virtually the same for Forged Products. It manufactures forged components for the aerospace and power generation markets. Forged Products' aerospace and IGT sales are mainly derived from the same large engine customers served by the Investment Cast Products segment, with additional aerospace sales to manufacturers of landing gear and airframes. Therefore, the dynamics of the aerospace and IGT markets, as described in the Investment Cast Products section above, are virtually the same for Forged Products. The Company's main competitors are Ladish Co., a subsidiary of Allegheny Technologies, Inc., Fortech, S.A. and Thyssen AG for aerospace turbine products, Alcoa Inc. and Firth Rixson Limited for aerospace structural products, Vallourec & Mannesmann Tubes and Sumitomo Corporation for energy products and Allegheny Technologies, Inc., Carpenter Technology Corporation, Haynes International, Inc., an
Executives
Ulrich Schmidt director PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239
Richard L Wambold director C/O PACTIV CORP, 1900 W FIELD COURT, LAKE FOREST IL 60045
Lester L Lyles director C/O MTC TECHNOLOGIES INC, 4032 LINDEN AVENUE, DAYTON OH 45432
Timothy A Wicks director C/O PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239
Andrew Masterman officer: EVP, Pres. Wyman-Gordon 401 PLYMOUTH ROAD, SUITE 500, PLYMOUTH MEETING PA 19462-1646
Kevin M Stein officer: Exec VP TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114
Steven G Rothmeier director C/O E.W BLANCH HOLDINGS INC, 500 N. AKARD #4500, DALLAS TX 75201
Russell S Pattee officer: VP and Corporate Controller PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239
Chris Ayers officer: Exec. VP, Pres. PCC Forgings 4650 S.W. MACADAM, SUITE #440, PORTLAND OR 97239
William D Larsson officer: Sr. VP and CFO 35 SHARPS CIRCLE, RENO NV 89519
Byron O Pond director C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409
Wayne F Robbins officer: President; PCC Flow Technologi 4650 SW MACADAM, STE 440, PORTLAND OR 97239

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