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AGC (STU:SHJ) Cyclically Adjusted PB Ratio : 0.94 (As of May. 24, 2024)


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What is AGC Cyclically Adjusted PB Ratio?

As of today (2024-05-24), AGC's current share price is €32.60. AGC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €34.55. AGC's Cyclically Adjusted PB Ratio for today is 0.94.

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

STU:SHJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.93   Max: 1.24
Current: 0.96

During the past years, AGC's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.51. And the median was 0.93.

STU:SHJ's Cyclically Adjusted PB Ratio is ranked better than
72.3% of 1094 companies
in the Chemicals industry
Industry Median: 1.665 vs STU:SHJ: 0.96

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.

AGC's adjusted book value per share data for the three months ended in Mar. 2024 was €43.781. 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 €34.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGC Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AGC'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.

AGC Cyclically Adjusted PB Ratio Chart

AGC 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 0.86 0.77 1.12 0.82 0.93

AGC 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 0.91 0.94 0.94 0.93 0.97

Competitive Comparison of AGC's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, AGC'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.


AGC's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AGC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



AGC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=32.60/34.55
=0.94

* 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.

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

For example, AGC'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)
=43.781/107.2000*107.2000
=43.781

Current CPI (Mar. 2024) = 107.2000.

AGC Quarterly Data

Book Value per Share CPI Adj_Book
201406 32.666 98.000 35.733
201409 33.826 98.500 36.814
201412 32.727 97.900 35.836
201503 37.179 97.900 40.711
201506 36.621 98.400 39.896
201509 34.615 98.500 37.672
201512 35.716 98.100 39.029
201603 35.377 97.900 38.738
201606 35.444 98.100 38.732
201609 37.163 98.000 40.652
201612 38.710 98.400 42.172
201703 38.958 98.100 42.572
201706 38.612 98.500 42.022
201709 37.627 98.800 40.826
201712 39.202 99.400 42.278
201803 38.839 99.200 41.971
201806 40.439 99.200 43.700
201809 40.508 99.900 43.468
201812 40.279 99.700 43.309
201903 41.514 99.700 44.637
201906 42.190 99.800 45.318
201909 42.315 100.100 45.316
201912 43.140 100.500 46.016
202003 40.767 100.300 43.572
202006 40.793 99.900 43.774
202009 38.928 99.900 41.773
202012 39.902 99.300 43.076
202103 41.539 99.900 44.574
202106 42.168 99.500 45.431
202109 44.862 100.100 48.044
202112 46.105 100.100 49.375
202203 47.706 101.100 50.584
202206 48.259 101.800 50.819
202209 48.576 103.100 50.508
202212 43.881 104.100 45.188
202303 44.273 104.400 45.460
202306 44.595 105.200 45.443
202309 43.832 106.200 44.245
202312 43.437 106.800 43.600
202403 43.781 107.200 43.781

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.


AGC  (STU:SHJ) 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.


AGC Cyclically Adjusted PB Ratio Related Terms

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


AGC (STU:SHJ) Business Description

Industry
Traded in Other Exchanges
Address
1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8405
AGC Inc produces and sells glass and glass-related products in two segments based on product type: Automotive glass and Float glass. The Automotive glass segment, which generates the majority of revenue, is the largest automotive glass supplier in India. The Float glass segment manufactures and sells glass products to the architectural, interior design, and construction industries. The segment also produces solar glass, which is used for solar power generation. Nearly all of the company's revenue comes from India.

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