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Sandston (Sandston) Cyclically Adjusted PB Ratio : (As of Jun. 05, 2024)


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What is Sandston Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sandston Cyclically Adjusted PB Ratio Historical Data

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

Sandston Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
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Sandston Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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Competitive Comparison of Sandston's Cyclically Adjusted PB Ratio

For the Shell Companies subindustry, Sandston'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.


Sandston's Cyclically Adjusted PB Ratio Distribution in the Diversified Financial Services Industry

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

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



Sandston 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.

Sandston's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2022 is calculated as:

For example, Sandston's adjusted Book Value per Share data for the three months ended in Dec. 2022 was:

Adj_Book=Book Value per Share/CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=-0.002/125.2218*125.2218
=-0.002

Current CPI (Dec. 2022) = 125.2218.

Sandston Quarterly Data

Book Value per Share CPI Adj_Book
201303 -0.001 98.209 -0.001
201306 -0.001 98.518 -0.001
201309 -0.001 98.790 -0.001
201312 -0.002 98.326 -0.003
201403 -0.001 99.695 -0.001
201406 -0.001 100.560 -0.001
201409 -0.001 100.428 -0.001
201412 -0.001 99.070 -0.001
201503 -0.001 99.621 -0.001
201506 -0.001 100.684 -0.001
201509 -0.001 100.392 -0.001
201512 -0.002 99.792 -0.003
201603 -0.001 100.470 -0.001
201606 -0.002 101.688 -0.002
201609 -0.002 101.861 -0.002
201612 -0.002 101.863 -0.002
201703 -0.001 102.862 -0.001
201706 -0.001 103.349 -0.001
201709 -0.001 104.136 -0.001
201712 -0.001 104.011 -0.001
201803 -0.001 105.290 -0.001
201806 -0.001 106.317 -0.001
201809 -0.001 106.507 -0.001
201812 -0.001 105.998 -0.001
201903 -0.001 107.251 -0.001
201906 -0.001 108.070 -0.001
201909 -0.002 108.329 -0.002
201912 -0.001 108.420 -0.001
202003 -0.001 108.902 -0.001
202006 -0.001 108.767 -0.001
202009 -0.001 109.815 -0.001
202012 -0.001 109.897 -0.001
202103 -0.001 111.754 -0.001
202106 -0.001 114.631 -0.001
202109 -0.001 115.734 -0.001
202112 -0.001 117.630 -0.001
202203 -0.001 121.301 -0.001
202206 -0.002 125.017 -0.002
202209 -0.002 125.227 -0.002
202212 -0.002 125.222 -0.002

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.


Sandston  (OTCPK:SDON) 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.


Sandston Cyclically Adjusted PB Ratio Related Terms

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Sandston (Sandston) Business Description

Traded in Other Exchanges
N/A
Address
1496 Business Park Drive, Suite A, Traverse City, MI, USA, 49868
Website
Sandston Corp is a shell company.
Executives
Richard Anthony Walawender director, officer: Secretary 150 W. JEFFERSON, SUITE 2500, DETROIT MI 48226
Daniel J Dorman director, 10 percent owner, officer: President and CEO
Lawrence J Defiore director
Dennis A Sierk officer: VP-Pdct Mgmt & Pres-Optim. 5840 INTERFACE DRIVE, ANN ARBOR AL 48103
Hugo Braun director 206 SOUTH FIFTH AVENUE, ANN ARBOR MI 48104
Nematron Corp director 40950 WOODWARD AVENUE, SUITE 304, BLOOMFIELD HILLS MI 48034

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