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Calamos Asset Management (FRA:FND) Cyclically Adjusted PB Ratio : (As of May. 26, 2024)


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What is Calamos Asset Management Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Calamos Asset Management Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Calamos Asset Management'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.

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Calamos Asset Management Cyclically Adjusted PB Ratio Chart

Calamos Asset Management Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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Calamos Asset Management Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of Calamos Asset Management's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Calamos Asset Management'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.


Calamos Asset Management's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos Asset Management's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Calamos Asset Management's Cyclically Adjusted PB Ratio falls into.



Calamos Asset Management 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.

Calamos Asset Management's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, Calamos Asset Management's adjusted Book Value per Share data for the three months ended in Sep. 2016 was:

Adj_Book=Book Value per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=8.037/101.8610*101.8610
=8.037

Current CPI (Sep. 2016) = 101.8610.

Calamos Asset Management Quarterly Data

Book Value per Share CPI Adj_Book
200612 7.013 85.142 8.390
200703 7.143 86.640 8.398
200706 6.695 87.906 7.758
200709 7.211 87.964 8.350
200712 7.035 88.616 8.086
200803 6.419 90.090 7.258
200806 6.346 92.320 7.002
200809 5.910 92.307 6.522
200812 5.686 88.697 6.530
200903 5.981 89.744 6.789
200906 5.778 91.003 6.467
200909 5.629 91.120 6.293
200912 5.766 91.111 6.446
201003 6.278 91.821 6.964
201006 7.008 91.962 7.762
201009 6.783 92.162 7.497
201012 6.938 92.474 7.642
201103 6.672 94.283 7.208
201106 6.613 95.235 7.073
201109 6.778 95.727 7.212
201112 7.046 95.213 7.538
201203 7.182 96.783 7.559
201206 7.471 96.819 7.860
201209 7.441 97.633 7.763
201212 7.388 96.871 7.769
201303 7.526 98.209 7.806
201306 7.290 98.518 7.537
201309 7.322 98.790 7.550
201312 7.436 98.326 7.703
201403 7.318 99.695 7.477
201406 7.452 100.560 7.548
201409 7.782 100.428 7.893
201412 8.184 99.070 8.415
201503 9.162 99.621 9.368
201506 8.777 100.684 8.880
201509 8.524 100.392 8.649
201512 8.740 99.792 8.921
201603 8.254 100.470 8.368
201606 8.084 101.688 8.098
201609 8.037 101.861 8.037

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.


Calamos Asset Management  (FRA:FND) 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.


Calamos Asset Management Cyclically Adjusted PB Ratio Related Terms

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Calamos Asset Management (FRA:FND) Business Description

Traded in Other Exchanges
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Address
Calamos Asset Management Inc is a Delaware corporation, incorporated on July 23, 2004. It is an asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. The Company together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. The company applies an investment philosophy and proprietary process centered on risk management across a range of investment strategies, including equity, balanced, convertible, high yield, alternative, fixed income and money market investments. The Company currently offers four types of investment products that fall into the categories of mutual funds and separate accounts. Funds include its open-end and closed-end funds as well as its Offshore Funds. The Company includes the Offshore Funds in open-end funds for reporting purposes. Separate accounts are individual portfolios of securities managed to meet clients specific needs and include institutional accounts and managed accounts. The Company competes in all aspects of its business with a large number of investment management firms, commercial banks, broker-dealers and insurance companies. In the United States and other countries in which it does business, it is subject to regulations and laws at both a federal and state level, including U.S. federal, state and local tax laws as well as similar foreign jurisdiction tax laws.