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Bouygues (STU:BYG0) Cyclically Adjusted PB Ratio : 1.24 (As of May. 23, 2024)


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What is Bouygues Cyclically Adjusted PB Ratio?

As of today (2024-05-23), Bouygues's current share price is €6.90. Bouygues's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €5.58. Bouygues's Cyclically Adjusted PB Ratio for today is 1.24.

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

STU:BYG0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.29   Max: 1.85
Current: 1.22

During the past years, Bouygues's highest Cyclically Adjusted PB Ratio was 1.85. The lowest was 0.96. And the median was 1.29.

STU:BYG0's Cyclically Adjusted PB Ratio is ranked worse than
52.73% of 1210 companies
in the Construction industry
Industry Median: 1.12 vs STU:BYG0: 1.22

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.

Bouygues's adjusted book value per share data for the three months ended in Dec. 2023 was €6.562. 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 €5.58 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bouygues Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Bouygues'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.

Bouygues Cyclically Adjusted PB Ratio Chart

Bouygues 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 1.48 1.32 1.21 1.01 1.17

Bouygues 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 1.09 1.07 1.15 1.17 -

Competitive Comparison of Bouygues's Cyclically Adjusted PB Ratio

For the Engineering & Construction subindustry, Bouygues'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.


Bouygues's Cyclically Adjusted PB Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bouygues's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Bouygues 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.90/5.58
=1.24

* 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.

Bouygues's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bouygues's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.562/118.3900*118.3900
=6.562

Current CPI (Dec. 2023) = 118.3900.

Bouygues Quarterly Data

Book Value per Share CPI Adj_Book
201403 4.631 100.240 5.470
201406 4.415 100.180 5.218
201409 4.619 99.920 5.473
201412 4.674 99.860 5.541
201503 4.578 100.170 5.411
201506 4.327 100.440 5.100
201509 4.457 99.950 5.279
201512 4.558 100.040 5.394
201603 4.373 100.020 5.176
201606 4.149 100.630 4.881
201609 4.338 100.340 5.118
201612 4.587 100.650 5.395
201703 4.581 101.170 5.361
201706 4.413 101.320 5.156
201709 4.651 101.330 5.434
201712 4.938 101.850 5.740
201803 4.905 102.750 5.652
201806 4.709 103.370 5.393
201809 4.916 103.560 5.620
201812 5.186 103.470 5.934
201903 5.153 103.890 5.872
201906 4.952 104.580 5.606
201909 5.282 104.500 5.984
201912 5.479 104.980 6.179
202003 5.345 104.590 6.050
202006 5.292 104.790 5.979
202009 5.192 104.550 5.879
202012 5.464 104.960 6.163
202103 5.509 105.750 6.167
202106 5.388 106.340 5.999
202109 5.585 106.810 6.191
202112 5.870 107.850 6.444
202203 5.984 110.490 6.412
202206 6.019 112.550 6.331
202209 6.369 112.740 6.688
202212 6.561 114.160 6.804
202303 6.473 116.790 6.562
202306 6.275 117.650 6.314
202309 6.453 118.260 6.460
202312 6.562 118.390 6.562

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.


Bouygues  (STU:BYG0) 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.


Bouygues Cyclically Adjusted PB Ratio Related Terms

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


Bouygues (STU:BYG0) Business Description

Industry
Traded in Other Exchanges
Address
32 avenue Hoche, Paris, FRA, 75008
Bouygues is a French conglomerate made up of a disparate range of assets: a construction business, a TV business, and a telecom business. It is one of the biggest construction companies in France and Europe with construction sales of around EUR 25 billion-EUR 30 billion and one of the four telecom operators in France, with both mobile and fixed operations and EUR 6 billion in revenue. It is also the owner of TF1, one of the main media and TV companies in France.

Bouygues (STU:BYG0) Headlines

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