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Cardinal Health (Cardinal Health) Cyclically Adjusted PB Ratio : 7.47 (As of Apr. 28, 2024)


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What is Cardinal Health Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Cardinal Health's current share price is $103.21. Cardinal Health's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $13.82. Cardinal Health's Cyclically Adjusted PB Ratio for today is 7.47.

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

CAH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.06   Med: 3.26   Max: 8.33
Current: 7.47

During the past years, Cardinal Health's highest Cyclically Adjusted PB Ratio was 8.33. The lowest was 2.06. And the median was 3.26.

CAH's Cyclically Adjusted PB Ratio is ranked worse than
90.48% of 63 companies
in the Medical Distribution industry
Industry Median: 1.41 vs CAH: 7.47

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.

Cardinal Health's adjusted book value per share data for the three months ended in Dec. 2023 was $-14.166. 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 $13.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cardinal Health Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cardinal Health'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.

Cardinal Health Cyclically Adjusted PB Ratio Chart

Cardinal Health Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.31 2.71 3.01 2.83 6.03

Cardinal Health 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 4.54 4.62 6.03 5.84 7.29

Competitive Comparison of Cardinal Health's Cyclically Adjusted PB Ratio

For the Medical Distribution subindustry, Cardinal Health'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.


Cardinal Health's Cyclically Adjusted PB Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Cardinal Health's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Cardinal Health 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.

Cardinal Health's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=103.21/13.82
=7.47

* 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.

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

For example, Cardinal Health'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)
=-14.166/129.4194*129.4194
=-14.166

Current CPI (Dec. 2023) = 129.4194.

Cardinal Health Quarterly Data

Book Value per Share CPI Adj_Book
201403 19.155 99.695 24.866
201406 18.994 100.560 24.445
201409 18.731 100.428 24.138
201412 18.485 99.070 24.148
201503 19.242 99.621 24.998
201506 19.073 100.684 24.516
201509 19.772 100.392 25.489
201512 20.378 99.792 26.428
201603 20.592 100.470 26.525
201606 20.354 101.688 25.905
201609 20.350 101.861 25.856
201612 20.009 101.863 25.422
201703 21.032 102.862 26.462
201706 21.544 103.349 26.979
201709 21.200 104.136 26.347
201712 24.124 104.011 30.017
201803 24.235 105.290 29.789
201806 19.608 106.317 23.869
201809 19.710 106.507 23.950
201812 20.279 105.998 24.760
201903 20.906 107.251 25.227
201906 21.164 108.070 25.345
201909 3.072 108.329 3.670
201912 3.421 108.420 4.084
202003 4.120 108.902 4.896
202006 6.106 108.767 7.265
202009 4.837 109.815 5.701
202012 6.704 109.897 7.895
202103 6.151 111.754 7.123
202106 6.155 114.631 6.949
202109 4.905 115.734 5.485
202112 3.603 117.630 3.964
202203 -2.553 121.301 -2.724
202206 -2.597 125.017 -2.688
202209 -6.798 125.227 -7.026
202212 -8.544 125.222 -8.830
202303 -8.706 127.348 -8.848
202306 -11.363 128.729 -11.424
202309 -14.134 129.860 -14.086
202312 -14.166 129.419 -14.166

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.


Cardinal Health  (NYSE:CAH) 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.


Cardinal Health Cyclically Adjusted PB Ratio Related Terms

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


Cardinal Health (Cardinal Health) Business Description

Address
7000 Cardinal Place, Dublin, OH, USA, 43017
Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
Executives
Deborah Weitzman officer: CEO, Pharmaceutical Segment 600 WEST 22ND STREET, SUITE 300, OAK BROOK IL 60523
Mary C. Scherer officer: Chief Accounting Officer 6026 LUDWIG STREET, POWELL OH 43065
Ola M Snow officer: Chief Human Resources Officer 7000 CARDINAL PLACE, DUBLIN OH 43017
Stephen M Mason officer: CEO, Medical Segment 7000 CARDINAL PLACE, DUBLIN OH 43017
Jessica L Mayer officer: Chief Legal/Compliance Officer 7000 CARDINAL PLACE, DUBLIN OH 43017
Michelle D. Greene officer: Chief Information Officer 1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203
Aaron E Alt officer: Chief Financial Officer 3001 COLORADO BLVD., DENTON TX 76210
Michelle Brennan director 1855 S. GRANT STREET, SAN MATEO CA 94402
Sujatha Chandrasekaran director 77 HOT METAL STREET, PITTSBURGH PA 15203
Christine Mundkur director
Steven Barg director ELLIOTT MANAGEMENT CORPORATION, 40 WEST 57TH STREET, NEW YORK NY 10019
Patricia M English officer: Chief Accounting Officer 7000 CARDINAL PLACE, DUBLIN OH 43017
Sheri H. Edison director 1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Jason M. Hollar officer: Chief Financial Officer 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179
John H Weiland director C/O C.R BARD INC, 730 CENTRAL AVE, MURRAY HILL NJ 07974

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