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Dr Hoenle AG (XTER:HNL) Cyclically Adjusted PB Ratio : 1.17 (As of Jun. 11, 2024)


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What is Dr Hoenle AG Cyclically Adjusted PB Ratio?

As of today (2024-06-11), Dr Hoenle AG's current share price is €19.85. Dr Hoenle AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €16.94. Dr Hoenle AG's Cyclically Adjusted PB Ratio for today is 1.17.

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

XTER:HNL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 4   Max: 9.83
Current: 1.17

During the past years, Dr Hoenle AG's highest Cyclically Adjusted PB Ratio was 9.83. The lowest was 0.91. And the median was 4.00.

XTER:HNL's Cyclically Adjusted PB Ratio is ranked better than
67.71% of 2177 companies
in the Industrial Products industry
Industry Median: 1.8 vs XTER:HNL: 1.17

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.

Dr Hoenle AG's adjusted book value per share data for the three months ended in Mar. 2024 was €15.420. 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 €16.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dr Hoenle AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dr Hoenle AG'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.

Dr Hoenle AG Cyclically Adjusted PB Ratio Chart

Dr Hoenle AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.91 4.85 3.20 0.97 1.07

Dr Hoenle AG 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 1.25 1.42 1.07 1.05 1.14

Competitive Comparison of Dr Hoenle AG's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Dr Hoenle AG'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.


Dr Hoenle AG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

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



Dr Hoenle AG 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.

Dr Hoenle AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.85/16.94
=1.17

* 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.

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

For example, Dr Hoenle AG'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)
=15.42/125.0381*125.0381
=15.420

Current CPI (Mar. 2024) = 125.0381.

Dr Hoenle AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.444 99.543 10.607
201409 8.630 99.823 10.810
201412 8.970 99.543 11.267
201503 8.990 99.717 11.273
201506 9.492 100.417 11.819
201509 10.138 100.417 12.624
201512 10.497 99.717 13.163
201603 10.215 100.017 12.771
201606 10.621 100.717 13.186
201609 10.863 101.017 13.446
201612 11.176 101.217 13.806
201703 11.041 101.417 13.613
201706 11.367 102.117 13.918
201709 12.315 102.717 14.991
201712 13.263 102.617 16.161
201803 13.652 102.917 16.586
201806 14.485 104.017 17.412
201809 15.800 104.718 18.866
201812 16.533 104.217 19.836
201903 16.007 104.217 19.205
201906 16.200 105.718 19.161
201909 16.324 106.018 19.253
201912 16.953 105.818 20.032
202003 17.174 105.718 20.313
202006 16.328 106.618 19.149
202009 19.192 105.818 22.678
202012 19.438 105.518 23.034
202103 19.289 107.518 22.432
202106 19.338 108.486 22.289
202109 18.264 109.435 20.868
202112 18.895 110.384 21.404
202203 19.449 113.968 21.338
202206 19.718 115.760 21.298
202209 17.632 118.818 18.555
202212 17.885 119.345 18.738
202303 17.932 122.402 18.318
202306 16.392 123.140 16.645
202309 15.807 124.195 15.914
202312 15.383 123.773 15.540
202403 15.420 125.038 15.420

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.


Dr Hoenle AG  (XTER:HNL) 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.


Dr Hoenle AG Cyclically Adjusted PB Ratio Related Terms

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


Dr Hoenle AG (XTER:HNL) Business Description

Traded in Other Exchanges
Address
Nicolaus-Otto-Street 2, Gilching, Munich, BY, DEU, 82205
Dr Hoenle AG supplies industrial UV technology. It operates in three business segments: The Equipment and Systems segment, which accounts for the majority of revenue, includes devices for UVC air and surface disinfection, and it is used for drying inks and coatings, for curing adhesives and plastics, and for solar simulation. The Glass and Lamps segment includes the development, production, and sale of tubing and semi-finished goods made of quartz glass as well as the manufacture of UV medium?pressure and low-pressure lamps. Adhesives segment, which includes industrial adhesives designed for a broad spectrum of applications such as electronics, medical technology, optics, and glass processing. The company generates the majority of its revenue from sales in other countries.

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