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SalMar ASA (SalMar ASA) Cyclically Adjusted PB Ratio : 7.64 (As of May. 26, 2024)


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What is SalMar ASA Cyclically Adjusted PB Ratio?

As of today (2024-05-26), SalMar ASA's current share price is $63.00. SalMar ASA's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $8.25. SalMar ASA's Cyclically Adjusted PB Ratio for today is 7.64.

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

SALRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.07   Med: 9.09   Max: 12.02
Current: 6.85

During the past years, SalMar ASA's highest Cyclically Adjusted PB Ratio was 12.02. The lowest was 4.07. And the median was 9.09.

SALRF's Cyclically Adjusted PB Ratio is ranked worse than
92.27% of 1281 companies
in the Consumer Packaged Goods industry
Industry Median: 1.34 vs SALRF: 6.85

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.

SalMar ASA's adjusted book value per share data for the three months ended in Mar. 2024 was $14.690. 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 $8.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SalMar ASA Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SalMar ASA'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.

SalMar ASA Cyclically Adjusted PB Ratio Chart

SalMar ASA 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 9.27 9.00 9.12 4.80 6.13

SalMar ASA 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 5.44 4.94 6.10 6.13 7.47

Competitive Comparison of SalMar ASA's Cyclically Adjusted PB Ratio

For the Farm Products subindustry, SalMar ASA'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.


SalMar ASA's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



SalMar ASA 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.

SalMar ASA's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=63.00/8.25
=7.64

* 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.

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

For example, SalMar ASA'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)
=14.69/132.6000*132.6000
=14.690

Current CPI (Mar. 2024) = 132.6000.

SalMar ASA Quarterly Data

Book Value per Share CPI Adj_Book
201406 6.284 97.500 8.546
201409 6.596 98.500 8.879
201412 6.229 98.600 8.377
201503 5.869 99.200 7.845
201506 4.972 100.100 6.586
201509 5.062 100.600 6.672
201512 5.279 100.900 6.938
201603 6.000 102.500 7.762
201606 5.338 103.800 6.819
201609 6.077 104.200 7.733
201612 6.862 104.400 8.716
201703 7.305 105.000 9.225
201706 6.549 105.800 8.208
201709 8.161 105.900 10.219
201712 8.097 106.100 10.119
201803 9.468 107.300 11.700
201806 7.548 108.500 9.225
201809 8.425 109.500 10.202
201812 9.304 109.800 11.236
201903 10.065 110.400 12.089
201906 8.277 110.600 9.923
201909 8.197 111.100 9.783
201912 8.840 111.300 10.532
202003 8.329 111.200 9.932
202006 10.010 112.100 11.841
202009 10.856 112.900 12.750
202012 10.006 112.900 11.752
202103 10.935 114.600 12.653
202106 11.834 115.300 13.610
202109 12.171 117.500 13.735
202112 12.516 118.900 13.958
202203 13.841 119.800 15.320
202206 12.080 122.600 13.065
202209 11.835 125.600 12.495
202212 13.499 125.900 14.217
202303 13.598 127.600 14.131
202306 11.190 130.400 11.379
202309 11.920 129.800 12.177
202312 14.317 131.900 14.393
202403 14.690 132.600 14.690

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.


SalMar ASA  (OTCPK:SALRF) 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.


SalMar ASA Cyclically Adjusted PB Ratio Related Terms

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


SalMar ASA (SalMar ASA) Business Description

Address
Industriveien 51, Kverva, NOR, N-7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make it more convenient for customers. The salmon are sold through an in-house salesforce and through close partners of the company. Proximity to customers and tracking the use of resources plays a factor in delivering the raw material. Customers include importers, exporters, and larger processing companies and retail chains.

SalMar ASA (SalMar ASA) Headlines

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