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Principal Financial Group (STU:PG4) Cyclically Adjusted PB Ratio : (As of Oct. 31, 2024)


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What is Principal Financial Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Principal Financial Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Principal Financial Group'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.

Principal Financial Group Cyclically Adjusted PB Ratio Chart

Principal Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 1.19 1.55 1.68 0.07

Principal Financial Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.06 0.07 0.08 0.07 -

Competitive Comparison of Principal Financial Group's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Principal Financial Group'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.


Principal Financial Group's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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



Principal Financial Group 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.

Principal Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Principal Financial Group's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=44.156/133.0289*133.0289
=44.156

Current CPI (Sep. 2024) = 133.0289.

Principal Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
201412 28.102 99.070 37.735
201503 32.712 99.621 43.682
201506 29.307 100.684 38.722
201509 29.205 100.392 38.700
201512 29.334 99.792 39.104
201603 31.052 100.470 41.115
201606 32.447 101.688 42.447
201609 33.431 101.861 43.660
201612 33.700 101.863 44.011
201703 34.453 102.862 44.557
201706 34.441 103.349 44.332
201709 34.887 104.136 44.567
201712 37.570 104.011 48.052
201803 34.354 105.290 43.405
201806 35.008 106.317 43.804
201809 35.358 106.507 44.163
201812 35.820 105.998 44.955
201903 40.383 107.251 50.089
201906 44.583 108.070 54.880
201909 48.353 108.329 59.378
201912 47.564 108.420 58.360
202003 42.728 108.902 52.194
202006 49.401 108.767 60.420
202009 48.407 109.815 58.640
202012 49.804 109.897 60.287
202103 47.489 111.754 56.529
202106 50.087 114.631 58.126
202109 51.334 115.734 59.005
202112 54.342 117.630 61.456
202203 42.835 121.301 46.976
202206 41.780 125.017 44.458
202209 38.957 125.227 41.384
202212 38.678 125.222 41.089
202303 39,422.407 127.348 41,181.076
202306 39.626 128.729 40.950
202309 41.924 129.860 42.947
202312 42.337 129.419 43.518
202403 43.784 131.776 44.200
202406 44.045 132.554 44.203
202409 44.156 133.029 44.156

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.


Principal Financial Group  (STU:PG4) 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.


Principal Financial Group Cyclically Adjusted PB Ratio Related Terms

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Principal Financial Group Business Description

Traded in Other Exchanges
Address
711 High Street, Des Moines, IA, USA, 50392
Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.

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