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Willis Lease Finance (Willis Lease Finance) Cyclically Adjusted PB Ratio : 0.95 (As of Apr. 28, 2024)


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What is Willis Lease Finance Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Willis Lease Finance's current share price is $49.05. Willis Lease Finance's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $51.72. Willis Lease Finance's Cyclically Adjusted PB Ratio for today is 0.95.

The historical rank and industry rank for Willis Lease Finance's Cyclically Adjusted PB Ratio or its related term are showing as below:

WLFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.97   Max: 2.41
Current: 0.95

During the past years, Willis Lease Finance's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.45. And the median was 0.97.

WLFC's Cyclically Adjusted PB Ratio is ranked better than
68.89% of 646 companies
in the Business Services industry
Industry Median: 1.53 vs WLFC: 0.95

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.

Willis Lease Finance's adjusted book value per share data for the three months ended in Dec. 2023 was $64.092. 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 $51.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Willis Lease Finance Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Willis Lease Finance'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.

Willis Lease Finance Cyclically Adjusted PB Ratio Chart

Willis Lease Finance 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 1.82 0.85 0.91 1.25 0.95

Willis Lease Finance 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 1.25 1.13 0.78 0.83 0.95

Competitive Comparison of Willis Lease Finance's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, Willis Lease Finance'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.


Willis Lease Finance's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Willis Lease Finance's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Willis Lease Finance's Cyclically Adjusted PB Ratio falls into.



Willis Lease Finance 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.

Willis Lease Finance's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.05/51.72
=0.95

* 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.

Willis Lease Finance's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Willis Lease Finance'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)
=64.092/129.4194*129.4194
=64.092

Current CPI (Dec. 2023) = 129.4194.

Willis Lease Finance Quarterly Data

Book Value per Share CPI Adj_Book
201403 25.754 99.695 33.433
201406 26.131 100.560 33.630
201409 26.390 100.428 34.008
201412 25.983 99.070 33.943
201503 26.433 99.621 34.340
201506 26.507 100.684 34.072
201509 26.550 100.392 34.227
201512 27.718 99.792 35.947
201603 28.290 100.470 36.441
201606 29.323 101.688 37.320
201609 29.876 101.861 37.959
201612 30.656 101.863 38.949
201703 31.488 102.862 39.618
201706 32.521 103.349 40.725
201709 33.513 104.136 41.650
201712 40.335 104.011 50.188
201803 41.958 105.290 51.574
201806 41.679 106.317 50.736
201809 43.449 106.507 52.796
201812 46.436 105.998 56.697
201903 49.909 107.251 60.225
201906 50.459 108.070 60.428
201909 54.348 108.329 64.929
201912 55.119 108.420 65.795
202003 55.644 108.902 66.128
202006 54.620 108.767 64.991
202009 55.541 109.815 65.456
202012 55.406 109.897 65.249
202103 56.623 111.754 65.573
202106 54.629 114.631 61.676
202109 55.985 115.734 62.605
202112 57.554 117.630 63.323
202203 57.184 121.301 61.011
202206 56.725 125.017 58.723
202209 58.832 125.227 60.802
202212 61.177 125.222 63.228
202303 61.337 127.348 62.335
202306 60.945 128.729 61.272
202309 62.972 129.860 62.759
202312 64.092 129.419 64.092

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.


Willis Lease Finance  (NAS:WLFC) 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.


Willis Lease Finance Cyclically Adjusted PB Ratio Related Terms

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


Willis Lease Finance (Willis Lease Finance) Business Description

Traded in Other Exchanges
N/A
Address
4700 Lyons Technology Parkway, Coconut Creek, FL, USA, 33073
Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.
Executives
Willis Charles F Iv director, 10 percent owner, officer: Executive Chairman 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Scott B. Flaherty officer: SVP, CFO 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Brian Richard Hole officer: President 4700 LYONS TECHNOLOGY, SUITE 2215, COCONUT CREEK FL 33073
Hans Jorg Hunziker director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Austin Chandler Willis director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Rae Ann Mckeating director PO BOX 593, MCCALL ID 83638
Robert J. Keady director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Robert T Morris director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Dean Michael Poulakidas officer: SVP, Gen. Counsel, Secretary 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Anthony R. Spaulding officer: SVP, Technical Services 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Donald A Nunemaker officer: EVP, General Mgr. Leasing 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Bradley Stewart Forsyth officer: SVP, CFO 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Ernest J. Furtado officer: Interim CFO 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Coon W William Jr director 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Judith M Webber officer: SVP, Technical Services 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998