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MBN (OSNDF) Cyclically Adjusted PB Ratio : (As of May. 31, 2024)


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What is MBN Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MBN Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MBN'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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MBN Cyclically Adjusted PB Ratio Chart

MBN Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PB Ratio
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MBN Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
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Competitive Comparison of MBN's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, MBN'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.


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

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

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



MBN 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.

MBN's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec21 is calculated as:

For example, MBN's adjusted Book Value per Share data for the fiscal year that ended in Dec21 was:

Adj_Book=Book Value per Share/CPI of Dec21 (Change)*Current CPI (Dec21)
=8.198/113.7740*113.7740
=8.198

Current CPI (Dec21) = 113.7740.

MBN Annual Data

Book Value per Share CPI Adj_Book
201212 6.550 95.760 7.782
201312 6.275 96.945 7.364
201412 6.100 98.367 7.055
201512 5.786 99.947 6.586
201612 6.357 101.449 7.129
201712 6.023 103.345 6.631
201812 5.809 105.399 6.271
201912 6.135 107.769 6.477
202012 6.389 108.559 6.696
202112 8.198 113.774 8.198

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.


MBN  (GREY:OSNDF) 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.


MBN Cyclically Adjusted PB Ratio Related Terms

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MBN (OSNDF) Business Description

Traded in Other Exchanges
N/A
Address
812 Memorial Drive NW, Calgary, AB, CAN, T2N 3C8
MBN Corp is an investment management company. It manages investment products for individual and institutional investors. Its products include mutual funds, closed-end funds, private and public resource funds, and real estate funds. Its objective is to create long-term value through a dual-track strategy of growing the company's assets under management through mergers with other investment funds, and pursuing opportunities with the broader financial services sector to acquire investment management companies and/or establish such companies working with proven investment managers.

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