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Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Cyclically Adjusted PB Ratio : (As of May. 07, 2024)


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What is Ladenburg Thalmann Financial Services Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ladenburg Thalmann Financial Services Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ladenburg Thalmann Financial Services'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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Ladenburg Thalmann Financial Services Cyclically Adjusted PB Ratio Chart

Ladenburg Thalmann Financial Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted PB Ratio
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Ladenburg Thalmann Financial Services Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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Competitive Comparison of Ladenburg Thalmann Financial Services's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Ladenburg Thalmann Financial Services'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.


Ladenburg Thalmann Financial Services's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ladenburg Thalmann Financial Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ladenburg Thalmann Financial Services's Cyclically Adjusted PB Ratio falls into.



Ladenburg Thalmann Financial Services 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.

Ladenburg Thalmann Financial Services's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2019 is calculated as:

For example, Ladenburg Thalmann Financial Services's adjusted Book Value per Share data for the three months ended in Dec. 2019 was:

Adj_Book=Book Value per Share/CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=1.624/108.4201*108.4201
=1.624

Current CPI (Dec. 2019) = 108.4201.

Ladenburg Thalmann Financial Services Quarterly Data

Book Value per Share CPI Adj_Book
201003 0.209 91.821 0.247
201006 0.263 91.962 0.310
201009 0.000 92.162 0.000
201012 0.256 92.474 0.300
201103 0.263 94.283 0.302
201106 0.268 95.235 0.305
201109 0.253 95.727 0.287
201112 0.346 95.213 0.394
201203 0.337 96.783 0.378
201206 0.315 96.819 0.353
201209 0.287 97.633 0.319
201212 0.279 96.871 0.312
201303 0.288 98.209 0.318
201306 0.956 98.518 1.052
201309 1.019 98.790 1.118
201312 1.066 98.326 1.175
201403 1.155 99.695 1.256
201406 1.337 100.560 1.442
201409 1.717 100.428 1.854
201412 1.819 99.070 1.991
201503 2.140 99.621 2.329
201506 2.143 100.684 2.308
201509 2.102 100.392 2.270
201512 2.062 99.792 2.240
201603 2.018 100.470 2.178
201606 1.915 101.688 2.042
201609 1.913 101.861 2.036
201612 1.868 101.863 1.988
201703 1.801 102.862 1.898
201706 1.816 103.349 1.905
201709 1.827 104.136 1.902
201712 1.865 104.011 1.944
201803 1.946 105.290 2.004
201806 1.940 106.317 1.978
201809 1.929 106.507 1.964
201812 1.727 105.998 1.766
201903 1.707 107.251 1.726
201906 1.661 108.070 1.666
201909 1.673 108.329 1.674
201912 1.624 108.420 1.624

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.


Ladenburg Thalmann Financial Services  (AMEX:LTS) 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.


Ladenburg Thalmann Financial Services Cyclically Adjusted PB Ratio Related Terms

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


Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Business Description

Traded in Other Exchanges
Address
4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137
Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.
Executives
Howard M Lorber other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Henry C Beinstein other: Former Director 8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Richard M Krasno other: Former Director C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Brett Kaufman officer: Senior Vice President and CFO 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Glenn C Davis other: Former Director 4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Michael Liebowitz other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen other: Former Director and Officer 4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick other: Former Director and Officer GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Brian S Genson other: Former Director
Jacqueline M Simkin other: Former Director 801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Adam Scott Malamed other: Former Director and Officer 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello other: Former Officer 520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Frost Phillip Md Et Al other: Former 10% Owner 4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Nevada Investments Trust other: Former 10% Owner 4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Vector Group Ltd 10 percent owner 4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137

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