GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » HG Holdings Inc (OTCPK:STLY) » Definitions » Cyclically Adjusted Book per Share

HG Holdings (HG Holdings) Cyclically Adjusted Book per Share : $21.63 (As of Mar. 2024)


View and export this data going back to 1992. Start your Free Trial

What is HG Holdings 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.

HG Holdings's adjusted book value per share for the three months ended in Mar. 2024 was $11.337. 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 $21.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, HG Holdings's average Cyclically Adjusted Book Growth Rate was -22.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -14.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -14.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -14.30% 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 HG Holdings was 13.90% per year. The lowest was -17.20% per year. And the median was -4.40% per year.

As of today (2024-07-21), HG Holdings's current stock price is $5.80. HG Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $21.63. HG Holdings's Cyclically Adjusted PB Ratio of today is 0.27.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of HG Holdings was 0.53. The lowest was 0.07. And the median was 0.25.


HG Holdings Cyclically Adjusted Book per Share Historical Data

The historical data trend for HG Holdings'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.

HG Holdings Cyclically Adjusted Book per Share Chart

HG Holdings 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 43.45 36.98 34.71 29.34 22.84

HG Holdings 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 27.83 26.21 24.57 22.84 21.63

Competitive Comparison of HG Holdings's Cyclically Adjusted Book per Share

For the Insurance - Specialty subindustry, HG Holdings'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.


HG Holdings's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, HG Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where HG Holdings's Cyclically Adjusted PB Ratio falls into.



HG Holdings 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, HG Holdings'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)
=11.337/131.7762*131.7762
=11.337

Current CPI (Mar. 2024) = 131.7762.

HG Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201406 42.362 100.560 55.512
201409 40.949 100.428 53.731
201412 33.271 99.070 44.255
201503 35.192 99.621 46.551
201506 36.350 100.684 47.575
201509 36.986 100.392 48.549
201512 38.360 99.792 50.655
201603 36.982 100.470 48.505
201606 35.769 101.688 46.353
201609 19.356 101.861 25.041
201612 16.278 101.863 21.058
201703 16.034 102.862 20.541
201706 16.101 103.349 20.530
201709 15.488 104.136 19.599
201712 10.042 104.011 12.723
201803 9.404 105.290 11.770
201806 9.776 106.317 12.117
201809 11.011 106.507 13.623
201812 11.129 105.998 13.836
201903 12.260 107.251 15.064
201906 11.361 108.070 13.853
201909 11.331 108.329 13.783
201912 11.159 108.420 13.563
202003 12.021 108.902 14.546
202006 9.578 108.767 11.604
202009 9.430 109.815 11.316
202012 9.320 109.897 11.176
202103 9.262 111.754 10.921
202106 9.231 114.631 10.612
202109 10.360 115.734 11.796
202112 10.289 117.630 11.526
202203 10.096 121.301 10.968
202206 9.977 125.017 10.516
202209 10.973 125.227 11.547
202212 11.598 125.222 12.205
202303 11.331 127.348 11.725
202306 11.365 128.729 11.634
202309 11.457 129.860 11.626
202312 11.336 129.419 11.542
202403 11.337 131.776 11.337

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


HG Holdings  (OTCPK:STLY) 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.

HG Holdings's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=5.80/21.63
=0.27

* 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 HG Holdings was 0.53. The lowest was 0.07. And the median was 0.25.


Be Aware

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


HG Holdings Cyclically Adjusted Book per Share Related Terms

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


HG Holdings (HG Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2115 East 7th Street, Suite 101, Charlotte, NC, USA, 28204
HG Holdings, Inc, together with its consolidated subsidiaries, operates through its wholly owned subsidiarie. The Company engages in the business of providing title insurance through the subsidiary NCTIC and providing title agency services through the subsidiaries NCTG, TAV, and Omega. Through NCTIC, the Company underwrites land title insurance for owners and mortgagees as the primary insurer. The Company currently only provides title insurance services in the state of Florida.
Executives
Peter Mark Sherman director 4409 MICKLETON ROAD, CHARLOTTE NC 28226
Justin Hayles Edenfield officer: Prin. Accting & Fin. Officer 6265 OLD WATER OAK ROAD, SUITE 204, TALLAHASSEE FL 32312
Hale Partnership Capital Management, Llc 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Solas Capital Management, Llc 10 percent owner 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Hale Partnership Fund, L.p. 10 percent owner 3335 PARK SOUTH STATION BLVD., CHARLOTTE NC 28210
Matthew Hultquist director ONE CORPORATE CENTER, RYE NY 10580
Bradley G Garner officer: CFO and CAO 2115 E. 7TH STREET, SUITE 101, CHARLOTTE NC 28211
Hale Steven A Ii director, 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Matthew Wood Smith officer: Interim Chief Exec. Officer 200 N. HAMILTON STREET, HIGH POINT NC 27260
Jeffrey Stuart Gilliam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Tucker Golden Frederick 10 percent owner C/O SOLAS CAPITAL MANAGEMENT, LLC, 1063 POST ROAD, 2ND FLOOR, DARIEN CT 06820
Michael P Haley director 200 NORTH HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Talanta Investment Group, Llc director, 10 percent owner 401 N. TRYON STREET, 10TH FLOOR, CHARLOTTE NC 28202
Justyn Rendal Putnam director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260
Ian Dundee Lapey director 200 N. HAMILTON STREET, NO. 200, HIGH POINT NC 27260

HG Holdings (HG Holdings) Headlines

From GuruFocus

Stanley (STLY) - Catalyst Eminent?

By whopper investments whopper investments 07-17-2012

Stanley Furniture (STLY) – A Stock with a Huge Potential Catalyst

By whopper investments whopper investments 09-02-2011

Micro Cap Value Discovery

By Shadowstock Shadowstock 07-05-2016

Distressed Deep Discount Idea: Stanley Furniture Company

By guruek Shadowstock 01-03-2011

Stanley - 'Here's Another Fine Mess…'

By David Chulak David Chulak 04-29-2014

This Company Is Selling Below Book Value

By Cody Eustice CodyEustice 07-23-2014

Stanley Furniture Co. (STLY): Significant Interim Events

By voisin Frank Voisin 01-20-2011