GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pendrell Corp (OTCPK:PCOA) » Definitions » Cyclically Adjusted PB Ratio

Pendrell (Pendrell) Cyclically Adjusted PB Ratio : (As of Jun. 03, 2024)


View and export this data going back to 2002. Start your Free Trial

What is Pendrell Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pendrell Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pendrell'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.

* Premium members only.

Pendrell Cyclically Adjusted PB Ratio Chart

Pendrell Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Pendrell Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Pendrell's Cyclically Adjusted PB Ratio

For the Specialty Business Services subindustry, Pendrell'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.


Pendrell's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pendrell's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Pendrell 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.

Pendrell's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2017 is calculated as:

For example, Pendrell's adjusted Book Value per Share data for the three months ended in Dec. 2017 was:

Adj_Book=Book Value per Share/CPI of Dec. 2017 (Change)*Current CPI (Dec. 2017)
=212471.875/104.0111*104.0111
=212,471.875

Current CPI (Dec. 2017) = 104.0111.

Pendrell Quarterly Data

Book Value per Share CPI Adj_Book
200803 -199,996.250 90.090 -230,901.312
200806 -190,185.542 92.320 -214,269.083
200809 -213,121.687 92.307 -240,144.790
200812 -231,940.964 88.697 -271,985.817
200903 -283,810.843 89.744 -328,929.089
200906 -1,482.654 91.003 -1,694.583
200909 -1,775.634 91.120 -2,026.849
200912 -2,065.444 91.111 -2,357.878
201003 -966.038 91.821 -1,094.291
201006 -1,075.876 91.962 -1,216.843
201009 -1,438.410 92.162 -1,623.349
201012 -1,016.801 92.474 -1,143.658
201103 12,542.318 94.283 13,836.417
201106 12,468.671 95.235 13,617.756
201109 12,285.061 95.727 13,348.209
201112 13,684.747 95.213 14,949.215
201203 13,615.298 96.783 14,632.152
201206 17,125.796 96.819 18,397.930
201209 16,685.240 97.633 17,775.223
201212 16,503.003 96.871 17,719.377
201303 16,100.134 98.209 17,051.246
201306 15,482.026 98.518 16,345.296
201309 14,979.337 98.790 15,771.002
201312 14,544.509 98.326 15,385.472
201403 14,725.549 99.695 15,363.140
201406 14,285.208 100.560 14,775.533
201409 13,773.208 100.428 14,264.641
201412 12,742.563 99.070 13,378.137
201503 12,775.134 99.621 13,338.095
201506 12,474.955 100.684 12,887.202
201509 12,567.294 100.392 13,020.406
201512 8,075.000 99.792 8,416.369
201603 8,423.432 100.470 8,720.284
201606 9,429.973 101.688 9,645.395
201609 9,224.194 101.861 9,418.900
201612 9,041.487 101.863 9,232.182
201703 8,053.621 102.862 8,143.574
201706 9,271.853 103.349 9,331.244
201709 9,394.290 104.136 9,383.059
201712 212,471.875 104.011 212,471.875

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.


Pendrell  (OTCPK:PCOA) 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.


Pendrell Cyclically Adjusted PB Ratio Related Terms

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


Pendrell (Pendrell) Business Description

Traded in Other Exchanges
N/A
Address
2300 Carillon Point, Kirkland, WA, USA, 98033
Pendrell Corp is engaged in licensing and selling its Intellectual Property (IP) rights. The company's subsidiaries hold patents that support three IP licensing programs digital media, digital cinema, and memory and storage technologies.
Executives
Lee E Mikles director, officer: President and CEO 2333 SAN RAMON VALLEY BLVD, STE 450, SAN RAMON CA 94583
Craig Mccaw director, 10 percent owner EAGLE RIVER INC, 2300 CARILLON POINT, KIRKLAND WA 98033
Steve Ednie officer: VP and Chief Financial Officer 4400 CARILLON POINT, KIRKLAND WA 98033
James D Dondero 10 percent owner 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Richard P Emerson director ONE MICROSOFT WAY, REDMOND WA 98052-6399
H Brian Thompson director 1950 OLD GALLOWS ROAD SUITE 201, VIENNA VA 22182
Stuart M Sloan director 1301 FIFTH AVE., SUITE 3000, SEATTLE WA 98101
R. Gerard Salemme director 815 CONNECTICUT AVE., SUITE 610, WASHINGTON DC 20036
Benjamin G Wolff director, officer: President and CEO 2300 CARILLON POINT, KIRKLAND WA 98033
Richard P Fox director
Highland Capital Management Lp 10 percent owner 100 CRESCENT COURT, SUITE 1850, DALLAS TX 75201
Strand Advisors, Inc. 10 percent owner 13455 NOEL ROAD, SUITE 800, DALLAS TX 75240
David H Wasserman other: Former Director
Sam Ginn director
Highland Multi-strategy Fund Gp, L.p. 10 percent owner 13455 NOEL ROAD, SUITE 800, DALLAS TX 75240

Pendrell (Pendrell) Headlines

From GuruFocus

John Rogers Comments on Pendrell Corp

By Holly LaFon 11-20-2015

Deep Value Opportunity for Patient Investors

By Shadowstock Shadowstock 05-10-2017