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AGC (ASGLY) Cyclically Adjusted PB Ratio : 0.91 (As of Apr. 27, 2024)


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What is AGC Cyclically Adjusted PB Ratio?

As of today (2024-04-27), AGC's current share price is $7.22. AGC's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $7.95. AGC's Cyclically Adjusted PB Ratio for today is 0.91.

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

ASGLY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.93   Max: 1.24
Current: 1.02

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.

ASGLY's Cyclically Adjusted PB Ratio is ranked better than
69.47% of 1048 companies
in the Chemicals industry
Industry Median: 1.57 vs ASGLY: 1.02

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 Dec. 2023 was $9.474. 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 $7.95 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.82 0.91 0.94 0.94 0.93

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
=7.22/7.95
=0.91

* 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 Dec. 2023 is calculated as:

For example, AGC'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)
=9.474/106.8000*106.8000
=9.474

Current CPI (Dec. 2023) = 106.8000.

AGC Quarterly Data

Book Value per Share CPI Adj_Book
201403 8.738 95.700 9.751
201406 8.877 98.000 9.674
201409 8.718 98.500 9.453
201412 8.071 97.900 8.805
201503 8.047 97.900 8.779
201506 8.220 98.400 8.922
201509 7.770 98.500 8.425
201512 7.781 98.100 8.471
201603 7.879 97.900 8.595
201606 7.965 98.100 8.671
201609 8.342 98.000 9.091
201612 8.167 98.400 8.864
201703 8.333 98.100 9.072
201706 8.677 98.500 9.408
201709 8.969 98.800 9.695
201712 9.279 99.400 9.970
201803 9.578 99.200 10.312
201806 9.448 99.200 10.172
201809 9.453 99.900 10.106
201812 9.165 99.700 9.818
201903 9.382 99.700 10.050
201906 9.535 99.800 10.204
201909 9.320 100.100 9.944
201912 9.587 100.500 10.188
202003 9.009 100.300 9.593
202006 9.188 99.900 9.823
202009 9.170 99.900 9.803
202012 9.709 99.300 10.442
202103 9.890 99.900 10.573
202106 10.161 99.500 10.906
202109 10.556 100.100 11.263
202112 10.419 100.100 11.116
202203 10.508 101.100 11.100
202206 10.203 101.800 10.704
202209 9.619 103.100 9.964
202212 9.297 104.100 9.538
202303 9.480 104.400 9.698
202306 9.663 105.200 9.810
202309 9.356 106.200 9.409
202312 9.474 106.800 9.474

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  (OTCPK:ASGLY) 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 (ASGLY) 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.

AGC (ASGLY) Headlines

From GuruFocus

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