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SEI Investments Co (FRA:SI3) Cyclically Adjusted Book per Share : €11.80 (As of Mar. 2024)


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What is SEI Investments Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

SEI Investments Co's adjusted book value per share for the three months ended in Mar. 2024 was €15.825. 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 €11.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SEI Investments Co's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of SEI Investments Co was 28.60% per year. The lowest was 2.80% per year. And the median was 12.80% per year.

As of today (2024-05-13), SEI Investments Co's current stock price is €63.00. SEI Investments Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €11.80. SEI Investments Co's Cyclically Adjusted PB Ratio of today is 5.34.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SEI Investments Co was 11.25. The lowest was 4.19. And the median was 7.11.


SEI Investments Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for SEI Investments Co's Cyclically Adjusted Book per Share 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.

SEI Investments Co Cyclically Adjusted Book per Share Chart

SEI Investments Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.50 7.16 9.16 10.92 11.45

SEI Investments Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 10.57 10.97 11.74 11.45 11.80

Competitive Comparison of SEI Investments Co's Cyclically Adjusted Book per Share

For the Asset Management subindustry, SEI Investments 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.


SEI Investments Co's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where SEI Investments Co's Cyclically Adjusted PB Ratio falls into.



SEI Investments Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, SEI Investments Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=15.825/129.4194*129.4194
=15.825

Current CPI (Mar. 2024) = 129.4194.

SEI Investments Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 5.282 100.560 6.798
201409 5.780 100.428 7.449
201412 6.070 99.070 7.930
201503 7.145 99.621 9.282
201506 7.016 100.684 9.018
201509 7.090 100.392 9.140
201512 7.231 99.792 9.378
201603 7.213 100.470 9.291
201606 7.113 101.688 9.053
201609 7.315 101.861 9.294
201612 7.768 101.863 9.869
201703 8.030 102.862 10.103
201706 7.728 103.349 9.677
201709 7.636 104.136 9.490
201712 7.945 104.011 9.886
201803 8.283 105.290 10.181
201806 8.685 106.317 10.572
201809 8.988 106.507 10.922
201812 9.115 105.998 11.129
201903 9.511 107.251 11.477
201906 9.583 108.070 11.476
201909 10.295 108.329 12.299
201912 10.450 108.420 12.474
202003 10.612 108.902 12.611
202006 10.361 108.767 12.328
202009 10.162 109.815 11.976
202012 9.974 109.897 11.746
202103 10.767 111.754 12.469
202106 10.627 114.631 11.998
202109 11.215 115.734 12.541
202112 11.894 117.630 13.086
202203 13.056 121.301 13.930
202206 13.421 125.017 13.894
202209 14.461 125.227 14.945
202212 13.748 125.222 14.209
202303 14.117 127.348 14.347
202306 14.125 128.729 14.201
202309 14.841 129.860 14.791
202312 14.903 129.419 14.903
202403 15.825 129.419 15.825

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


SEI Investments Co  (FRA:SI3) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

SEI Investments Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=63.00/11.8
=5.34

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of SEI Investments Co was 11.25. The lowest was 4.19. And the median was 7.11.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


SEI Investments Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of SEI Investments Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


SEI Investments Co (FRA:SI3) Business Description

Traded in Other Exchanges
Address
1 Freedom Valley Drive, Oaks, PA, USA, 19456
SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with about $99 billion in assets under management. As of December 2022, SEI (including LSV) manages, administers, or advises on over $1.2 trillion in assets.

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