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Quaker Houghton (Quaker Houghton) Cyclically Adjusted PB Ratio : 3.35 (As of Apr. 28, 2024)


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What is Quaker Houghton Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Quaker Houghton's current share price is $190.23. Quaker Houghton's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $56.76. Quaker Houghton's Cyclically Adjusted PB Ratio for today is 3.35.

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

KWR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.49   Med: 4.87   Max: 8.5
Current: 3.35

During the past years, Quaker Houghton's highest Cyclically Adjusted PB Ratio was 8.50. The lowest was 2.49. And the median was 4.87.

KWR's Cyclically Adjusted PB Ratio is ranked worse than
76.34% of 1048 companies
in the Chemicals industry
Industry Median: 1.57 vs KWR: 3.35

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.

Quaker Houghton's adjusted book value per share data for the three months ended in Dec. 2023 was $76.941. 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 $56.76 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quaker Houghton Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Quaker Houghton'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.

Quaker Houghton Cyclically Adjusted PB Ratio Chart

Quaker Houghton 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 5.54 7.20 5.35 3.29 3.76

Quaker Houghton 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 3.29 3.76 3.59 2.86 3.76

Competitive Comparison of Quaker Houghton's Cyclically Adjusted PB Ratio

For the Specialty Chemicals subindustry, Quaker Houghton'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.


Quaker Houghton's Cyclically Adjusted PB Ratio Distribution in the Chemicals Industry

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

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



Quaker Houghton 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.

Quaker Houghton's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=190.23/56.76
=3.35

* 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.

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

For example, Quaker Houghton'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)
=76.941/129.4194*129.4194
=76.941

Current CPI (Dec. 2023) = 129.4194.

Quaker Houghton Quarterly Data

Book Value per Share CPI Adj_Book
201403 26.337 99.695 34.190
201406 26.908 100.560 34.630
201409 27.089 100.428 34.909
201412 26.876 99.070 35.109
201503 26.792 99.621 34.806
201506 27.796 100.684 35.729
201509 27.675 100.392 35.677
201512 28.074 99.792 36.409
201603 28.926 100.470 37.261
201606 29.535 101.688 37.589
201609 30.493 101.861 38.743
201612 30.333 101.863 38.539
201703 30.923 102.862 38.907
201706 32.165 103.349 40.279
201709 33.098 104.136 41.134
201712 30.634 104.011 38.117
201803 31.638 105.290 38.889
201806 31.616 106.317 38.486
201809 32.351 106.507 39.311
201812 32.617 105.998 39.824
201903 33.373 107.251 40.271
201906 34.226 108.070 40.988
201909 67.793 108.329 80.991
201912 69.960 108.420 83.510
202003 65.463 108.902 77.797
202006 65.558 108.767 78.006
202009 68.755 109.815 81.029
202012 73.967 109.897 87.107
202103 74.343 111.754 86.094
202106 76.898 114.631 86.818
202109 77.316 115.734 86.458
202112 77.515 117.630 85.284
202203 77.886 121.301 83.099
202206 74.216 125.017 76.830
202209 71.328 125.227 73.716
202212 71.192 125.222 73.578
202303 73.191 127.348 74.382
202306 74.224 128.729 74.622
202309 74.462 129.860 74.210
202312 76.941 129.419 76.941

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.


Quaker Houghton  (NYSE:KWR) 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.


Quaker Houghton Cyclically Adjusted PB Ratio Related Terms

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


Quaker Houghton (Quaker Houghton) Business Description

Industry
Traded in Other Exchanges
N/A
Address
901 East Hector Street, Conshohocken, PA, USA, 19428-2380
Quaker Houghton manufactures and sells a variety of industrial process fluids. The product portfolio of the company includes metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids and surface treatment chemicals. The geographic segments of the company includes America, EMEA, Asia/Pacific and Global Specialty Businesses. Majority of the revenue is earned from America.
Executives
Jeewat Bijlani officer: SVP - Managing Director, Ams. QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Anna Ransley officer: SVP, CDIO QUAKER CHEMICAL CORPORATION, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Russell Shaller director 6555 WEST GOOD HOPE RD, MILWAUKEE WI 53223
Melissa Leneis officer: SVP, CHRO QUAKER CHEMICAL CORPORATION, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Jeffry D Frisby director C/O QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 HECTOR STREET, CONSHOHOCKEN PA 19428
David Slinkman officer: SVP - Chief Technology Officer QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Joseph A Berquist officer: VP & Managing Director - NA QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Robert T Traub officer: SVP, GC & Corp. Sec. QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
David Will other: VP, Global Controller & PAO QUAKER CHEMICAL CORPORATION, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Michael F Barry officer: VP & CFO & Treasurer ONE QUAKER PARK, 901 HECTOR ST, CONSHOHOCHEN PA 19428
Jeffrey L Fleck officer: SVP, Chief GSCO 1310 SEABOARD INDUSTRIAL BLVD, ATLANTA X1 30318
L Wilbert Platzer officer: VP - WWO
Dieter Laininger officer: Vice President - Global Steel QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 E. HECTOR STREET, CONSHOHOCKEN PA 19428-2380
Gulf Hungary Holding Korlatolt Felelossegu Tarsasag 10 percent owner FURJ UTCA 2, BUDAPEST K5 1124
Qh Hungary Holdings Ltd 10 percent owner STERLING TRUST CAYMAN LTD, WH, 238 NORTH CHURCH STREET, P.O BOX 1043, GEORGE TOWN E9 KY1-1102