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Marks & Spencer Group (Marks & Spencer Group) Cyclically Adjusted PB Ratio : 1.33 (As of Apr. 28, 2024)


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What is Marks & Spencer Group Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Marks & Spencer Group's current share price is $6.53. Marks & Spencer Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 was $4.90. Marks & Spencer Group's Cyclically Adjusted PB Ratio for today is 1.33.

The historical rank and industry rank for Marks & Spencer Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

MAKSY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.55   Max: 3.86
Current: 1.35

During the past 13 years, Marks & Spencer Group's highest Cyclically Adjusted PB Ratio was 3.86. The lowest was 0.46. And the median was 1.55.

MAKSY's Cyclically Adjusted PB Ratio is ranked worse than
52.86% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.16 vs MAKSY: 1.35

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Marks & Spencer Group's adjusted book value per share data of for the fiscal year that ended in Mar23 was $3.472. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $4.90 for the trailing ten years ended in Mar23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marks & Spencer Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Marks & Spencer 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.

Marks & Spencer Group Cyclically Adjusted PB Ratio Chart

Marks & Spencer Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.50 0.54 0.85 0.84 0.86

Marks & Spencer Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 - 0.84 - 0.86 -

Competitive Comparison of Marks & Spencer Group's Cyclically Adjusted PB Ratio

For the Department Stores subindustry, Marks & Spencer 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.


Marks & Spencer Group's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Marks & Spencer Group's Cyclically Adjusted PB Ratio falls into.



Marks & Spencer 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.

Marks & Spencer Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.53/4.9
=1.33

* 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.

Marks & Spencer Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Mar23 is calculated as:

For example, Marks & Spencer Group's adjusted Book Value per Share data for the fiscal year that ended in Mar23 was:

Adj_Book=Book Value per Share/CPI of Mar23 (Change)*Current CPI (Mar23)
=3.472/126.8000*126.8000
=3.472

Current CPI (Mar23) = 126.8000.

Marks & Spencer Group Annual Data

Book Value per Share CPI Adj_Book
201403 5.231 99.300 6.680
201503 5.511 99.600 7.016
201603 5.742 100.400 7.252
201703 4.554 102.700 5.623
201803 4.465 105.100 5.387
201903 3.802 107.000 4.506
202003 4.700 108.600 5.488
202103 3.237 109.700 3.742
202203 3.919 116.500 4.265
202303 3.472 126.800 3.472

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.


Marks & Spencer Group  (OTCPK:MAKSY) 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.


Marks & Spencer Group Cyclically Adjusted PB Ratio Related Terms

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


Marks & Spencer Group (Marks & Spencer Group) Business Description

Traded in Other Exchanges
Address
35 North Wharf Road, Waterside House, London, GBR, W2 1NW
M&S is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The company sells into more than 60 countries from thousands of stores and several websites around the world and offers predominantly own-brand luxury food, clothing, and home products with the majority of sales coming from its U.K. operations. Marks & Spencer operates three business models—owned, franchise, and joint venture—in the U.K. and internationally. The online business globally is delivered through localized owned and franchised websites and partnerships. The food segment includes value products, convenient ready-made meals, and healthy items. The clothing and home division sells own-brand and high-quality womenswear, lingerie, menswear, kidswear, beauty, and home products.