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Spectrum Group International (Spectrum Group International) Cyclically Adjusted PB Ratio : (As of Jun. 07, 2024)


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What is Spectrum Group International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Spectrum Group International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Spectrum Group International'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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Spectrum Group International Cyclically Adjusted PB Ratio Chart

Spectrum Group International Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Cyclically Adjusted PB Ratio
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Spectrum Group International Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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Competitive Comparison of Spectrum Group International's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Spectrum Group International'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.


Spectrum Group International's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Spectrum Group International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Spectrum Group International 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.

Spectrum Group International's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2013 is calculated as:

For example, Spectrum Group International's adjusted Book Value per Share data for the three months ended in Dec. 2013 was:

Adj_Book=Book Value per Share/CPI of Dec. 2013 (Change)*Current CPI (Dec. 2013)
=24463.636/98.3259*98.3259
=24,463.636

Current CPI (Dec. 2013) = 98.3259.

Spectrum Group International Quarterly Data

Book Value per Share CPI Adj_Book
200212 8,125.984 76.324 10,468.514
200303 9,763.780 77.716 12,353.102
200306 11,963.780 77.505 15,177.723
200309 30,750.000 78.138 38,694.685
200312 17,510.985 77.758 22,142.817
200403 19,801.873 79.066 24,625.433
200406 26,862.172 80.037 33,000.534
200409 28,191.241 80.121 34,596.873
200412 32,090.146 80.290 39,298.894
200503 34,746.350 81.555 41,891.405
200506 40,634.672 82.062 48,688.311
200509 43,438.628 83.876 50,922.223
200512 46,744.643 83.032 55,354.672
200603 50,779.004 84.298 59,229.200
200709 0.000 87.964 0.000
200712 0.000 88.616 0.000
200803 0.000 90.090 0.000
200806 27,344.681 92.320 29,123.470
200809 26,020.922 92.307 27,717.652
200812 27,059.364 88.697 29,996.779
200903 27,116.608 89.744 29,709.607
200906 28,547.350 91.003 30,844.453
200909 25,996.541 91.120 28,052.508
200912 28,500.000 91.111 30,756.791
201003 26,813.480 91.821 28,713.097
201006 25,345.141 91.962 27,099.119
201009 25,737.152 92.162 27,458.572
201012 26,790.432 92.474 28,485.773
201103 28,145.846 94.283 29,352.722
201106 28,083.385 95.235 28,994.998
201109 28,304.601 95.727 29,073.075
201112 27,982.515 95.213 28,897.256
201203 27,946.483 96.783 28,392.031
201206 28,243.731 96.819 28,683.260
201209 24,917.647 97.633 25,094.461
201212 25,151.634 96.871 25,529.359
201303 25,574.510 98.209 25,604.848
201306 25,447.249 98.518 25,397.681
201309 25,850.325 98.790 25,728.884
201312 24,463.636 98.326 24,463.636

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.


Spectrum Group International  (OTCPK:SPGZ) 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.


Spectrum Group International Cyclically Adjusted PB Ratio Related Terms

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Spectrum Group International (Spectrum Group International) Business Description

Traded in Other Exchanges
N/A
Address
1063 McGaw, Suite 250, Irvine, CA, USA, 92614
Spectrum Group International Inc is an auctioneer of stamps, coins, arms, armor and militaria, and other memorabilia, targeting both collectors and dealers. It operates in two segments: Trading and Collectibles.The Trading segment operates through A-Mar.
Executives
Gregory N Roberts director, 10 percent owner, officer: President and CEO 2625 ST ANDREWS, TUSTIN CA 92660
Carol Meltzer officer: General Counsel and EVP 775 PASSAIC AVE, WEST CALDWELL NJ 07006
Jeffrey D Benjamin director 9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019
William A Richardson 10 percent owner 2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
William Montgomery director 767 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10153
Joel R Anderson director 202 NORTH COURT STREET, FLORENCE AL 35630
Ellis Landau director CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Jess M Ravich director 11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025
Silver Bow Ventures Llc 10 percent owner C/O SPECTRUM GROUP INTERNATIONAL, 1063 MCGAW, IRVINE CA 92614
Moorhead John director 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Nolan Christopher William Sr director 15 TILGHMAN DRIVE, WAYNE NJ 07470
Thor Gjerdrum officer: Chief Financial Officer & EVP 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801
Mark B Segall director 251 WEST 89TH STREET APT 20, NEW YORK NY 10024
Matthew M Walsh officer: CFO AND EXE. V.P. ALLERGAN, 5 GIRALDA FARMS, MADISON NJ 07940

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