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Noble Investments (UK) (LSE:NBL) Cyclically Adjusted PB Ratio : (As of May. 26, 2024)


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What is Noble Investments (UK) Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Noble Investments (UK) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Noble Investments (UK)'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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Noble Investments (UK) Cyclically Adjusted PB Ratio Chart

Noble Investments (UK) Annual Data
Trend Aug03 Aug04 Aug05 Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12
Cyclically Adjusted PB Ratio
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Noble Investments (UK) Semi-Annual Data
Aug03 Feb04 Aug04 Feb05 Aug05 Feb06 Aug06 Feb07 Aug07 Feb08 Aug08 Feb09 Aug09 Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13
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Competitive Comparison of Noble Investments (UK)'s Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, Noble Investments (UK)'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.


Noble Investments (UK)'s Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Noble Investments (UK)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Noble Investments (UK)'s Cyclically Adjusted PB Ratio falls into.



Noble Investments (UK) 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.

Noble Investments (UK)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Aug12 is calculated as:

For example, Noble Investments (UK)'s adjusted Book Value per Share data for the fiscal year that ended in Aug12 was:

Adj_Book=Book Value per Share/CPI of Aug12 (Change)*Current CPI (Aug12)
=1.121/96.1000*96.1000
=1.121

Current CPI (Aug12) = 96.1000.

Noble Investments (UK) Annual Data

Book Value per Share CPI Adj_Book
200308 21.000 76.800 26.277
200408 0.285 77.900 0.352
200508 0.218 79.700 0.263
200608 0.555 81.800 0.652
200708 0.719 83.400 0.828
200808 0.792 87.100 0.874
200908 0.851 88.300 0.926
201008 0.862 90.400 0.916
201108 0.965 93.900 0.988
201208 1.121 96.100 1.121

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.


Noble Investments (UK)  (LSE:NBL) 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.


Noble Investments (UK) Cyclically Adjusted PB Ratio Related Terms

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Noble Investments (UK) (LSE:NBL) Business Description

Traded in Other Exchanges
N/A
Address
Noble Investments (UK) PLC is engaged in collectibles retail trading and auctions, including rare coins, stamps, tokens, medals and banknotes. Its two segments are Retail trading and related; and Auctions, commissions and fees. Its provides personalized consultancy services to collectors and dealers in English, Ancient and Foreign coins, Commemorative medals and World tokens, Numismatic and Philatelic Books, Banknotes and Paper Ephemera, Military orders and decorations, and World stamps. It operates under Baldwins's and Apex brands. The group has operations in United Kingdom, North America, Europe, and in other part of the world.

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