GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Publicis Groupe SA (OTCPK:PGPEF) » Definitions » Cyclically Adjusted PB Ratio

Publicis Groupe (Publicis Groupe) Cyclically Adjusted PB Ratio : 2.80 (As of Apr. 27, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Publicis Groupe Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Publicis Groupe's current share price is $108.53. Publicis Groupe's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was $38.81. Publicis Groupe's Cyclically Adjusted PB Ratio for today is 2.80.

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

PGPEF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 2.42   Max: 4.55
Current: 2.94

During the past 13 years, Publicis Groupe's highest Cyclically Adjusted PB Ratio was 4.55. The lowest was 0.83. And the median was 2.42.

PGPEF's Cyclically Adjusted PB Ratio is ranked worse than
82.41% of 631 companies
in the Media - Diversified industry
Industry Median: 1.09 vs PGPEF: 2.94

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.

Publicis Groupe's adjusted book value per share data of for the fiscal year that ended in Dec23 was $42.598. 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 $38.81 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Publicis Groupe Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Publicis Groupe'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.

Publicis Groupe Cyclically Adjusted PB Ratio Chart

Publicis Groupe 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 1.49 1.46 1.98 1.81 2.41

Publicis Groupe Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 1.98 - 1.81 - 2.41

Competitive Comparison of Publicis Groupe's Cyclically Adjusted PB Ratio

For the Advertising Agencies subindustry, Publicis Groupe'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.


Publicis Groupe's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Publicis Groupe's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Publicis Groupe 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.

Publicis Groupe's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=108.53/38.81
=2.80

* 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.

Publicis Groupe's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Publicis Groupe's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=42.598/118.2300*118.2300
=42.598

Current CPI (Dec23) = 118.2300.

Publicis Groupe Annual Data

Book Value per Share CPI Adj_Book
201412 35.181 99.860 41.653
201512 32.268 100.040 38.135
201612 28.341 100.650 33.291
201712 31.147 101.850 36.156
201812 33.715 103.470 38.524
201912 34.704 104.980 39.084
202012 35.578 104.960 40.076
202112 38.878 107.850 42.620
202212 40.504 114.160 41.948
202312 42.598 118.230 42.598

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.


Publicis Groupe  (OTCPK:PGPEF) 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.


Publicis Groupe Cyclically Adjusted PB Ratio Related Terms

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


Publicis Groupe (Publicis Groupe) Business Description

Address
133, Avenue des Champs-Elysees, Paris, FRA, 75008
Headquartered in France, Publicis is the world's third-largest ad holding company based on revenue. Publicis' services, which include traditional and digital advertising, public relations, and consulting, are provided worldwide, with over 80% of its revenue coming from more-developed regions such as North America and Europe.