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New York Times Co (New York Times Co) Cyclically Adjusted PB Ratio : 5.35 (As of Apr. 30, 2024)


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What is New York Times Co Cyclically Adjusted PB Ratio?

As of today (2024-04-30), New York Times Co's current share price is $43.03. New York Times Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.05. New York Times Co's Cyclically Adjusted PB Ratio for today is 5.35.

The historical rank and industry rank for New York Times Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

NYT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 4.59   Max: 9.04
Current: 5.42

During the past years, New York Times Co's highest Cyclically Adjusted PB Ratio was 9.04. The lowest was 1.35. And the median was 4.59.

NYT's Cyclically Adjusted PB Ratio is ranked worse than
92.3% of 636 companies
in the Media - Diversified industry
Industry Median: 1.11 vs NYT: 5.42

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.

New York Times Co's adjusted book value per share data for the three months ended in Dec. 2023 was $10.716. 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 $8.05 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


New York Times Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for New York Times Co'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.

New York Times Co Cyclically Adjusted PB Ratio Chart

New York Times Co 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 5.90 9.01 7.39 4.37 6.09

New York Times Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.37 5.08 5.03 5.15 6.09

Competitive Comparison of New York Times Co's Cyclically Adjusted PB Ratio

For the Publishing subindustry, New York Times Co'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.


New York Times Co's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, New York Times Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where New York Times Co's Cyclically Adjusted PB Ratio falls into.



New York Times Co 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.

New York Times Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.03/8.05
=5.35

* 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.

New York Times Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, New York Times Co's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=10.716/129.4194*129.4194
=10.716

Current CPI (Dec. 2023) = 129.4194.

New York Times Co Quarterly Data

Book Value per Share CPI Adj_Book
201403 5.623 99.695 7.300
201406 5.682 100.560 7.313
201409 5.664 100.428 7.299
201412 4.831 99.070 6.311
201503 4.978 99.621 6.467
201506 5.073 100.684 6.521
201509 5.008 100.392 6.456
201512 5.123 99.792 6.644
201603 4.951 100.470 6.378
201606 4.987 101.688 6.347
201609 4.949 101.861 6.288
201612 5.261 101.863 6.684
201703 5.328 102.862 6.704
201706 5.508 103.349 6.897
201709 5.665 104.136 7.040
201712 5.532 104.011 6.883
201803 5.811 105.290 7.143
201806 5.941 106.317 7.232
201809 6.103 106.507 7.416
201812 6.304 105.998 7.697
201903 6.375 107.251 7.693
201906 6.526 108.070 7.815
201909 6.600 108.329 7.885
201912 7.053 108.420 8.419
202003 7.151 108.902 8.498
202006 7.371 108.767 8.771
202009 7.512 109.815 8.853
202012 7.927 109.897 9.335
202103 8.061 111.754 9.335
202106 8.440 114.631 9.529
202109 8.742 115.734 9.776
202112 9.165 117.630 10.084
202203 8.915 121.301 9.512
202206 9.226 125.017 9.551
202209 9.286 125.227 9.597
202212 9.681 125.222 10.006
202303 9.565 127.348 9.721
202306 9.768 128.729 9.820
202309 10.055 129.860 10.021
202312 10.716 129.419 10.716

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.


New York Times Co  (NYSE:NYT) 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.


New York Times Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of New York Times Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


New York Times Co (New York Times Co) Business Description

Traded in Other Exchanges
Address
620 Eighth Avenue, New York, NY, USA, 10018
New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as nytimes and various smartphone applications. Circulation of The New York Times is the source of revenue for the company, followed by print and digital advertising and its paid digital-only subscription to The New York Times. The company has a daily print circulation of over 3,00,000 and 7,40,000 on Sundays. The source of growth for The New York Times is its digital subscription service, which has over 1,000,000 paid users.
Executives
Arthur G. Sulzberger director, officer: Publisher, The New York Times THE NEW YORK TIMES COMPANY, 620 8TH AVENUE, NEW YORK NY 10018
Diane Brayton officer: EVP, GENERAL COUNSEL & SEC THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
R Anthony Benten officer: SVP, Treasurer & Controller C/O THE NEW YORK TIMES CO, 229 WEST 43RD ST, NEW YORK NY 10036
Kopit Levien Meredith A. officer: EVP & Chief Operating Officer THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
William Bardeen officer: Chief Financial Officer 620 EIGHTH AVENUE, NEW YORK NY 10018
Roland A. Caputo officer: Interim CFO and EVP THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
David S. Perpich director THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Manuel Bronstein director 970 PARK PLACE, SUITE 100, SAN MATEO CA 94403
Beth A. Brooke director C/O EHEALTH, INC., 2625 AUGUSTINE DRIVE, SECOND FLOOR, SANTA CLARA CA 95054
Jacqueline M Welch officer: EVP and CHRO THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur S. Golden director THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Mark Thompson director, officer: PRESIDENT & CEO THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Arthur Jr Sulzberger director, officer: Chairman and Publisher THE NEW YORK TIMES COMPANY, 620 EIGHTH AVENUE, NEW YORK NY 10018
Doreen A Toben director 140 WEST STREET, 29TH FLOOR, NEW YORK NY 10007
Robert E Denham director MUNGER, TOLLES & OLSON LLP, 355 S. GRAND AVENUE, 35TH FLOOR, LOS ANGELES CA 90071