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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.
MBN Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | - | - | - | - | - |
MBN Semi-Annual Data | ||||||||||||||||||||
Jun12 | Dec12 | Jun13 | Dec13 | Jun14 | Dec14 | Jun15 | Dec15 | Jun16 | Dec16 | Jun17 | Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | - | - | - | - | - |
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.
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.
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.
Thank you for viewing the detailed overview of MBN's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
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