* 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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Morgan Stanley Emerg Mkts Debt Fd Cyclically Adjusted PB Ratio Chart
Competitive Comparison of Morgan Stanley Emerg Mkts Debt Fd's Cyclically Adjusted PB Ratio
For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt Fd'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.
Morgan Stanley Emerg Mkts Debt Fd's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Morgan Stanley Emerg Mkts Debt Fd's Cyclically Adjusted PB Ratio falls into.
Morgan Stanley Emerg Mkts Debt Fd 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.
Morgan Stanley Emerg Mkts Debt Fd does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.
Morgan Stanley Emerg Mkts Debt Fd (NYSE:MSD) 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.
Morgan Stanley Emerg Mkts Debt Fd Cyclically Adjusted PB Ratio Related Terms
Thank you for viewing the detailed overview of Morgan Stanley Emerg Mkts Debt Fd's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Morgan Stanley Emerg Mkts Debt Fd (Morgan Stanley Emerg Mkts Debt Fd) Business Description
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
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