GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Amlin PLC (OTCPK:APLCY) » Definitions » Cyclically Adjusted PB Ratio

Amlin (APLCY) Cyclically Adjusted PB Ratio : (As of May. 06, 2024)


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

What is Amlin Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Amlin Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Amlin'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.

Amlin Cyclically Adjusted PB Ratio Chart

Amlin Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Amlin Semi-Annual Data
Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15
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 - - - - -

Competitive Comparison of Amlin's Cyclically Adjusted PB Ratio

For the Insurance - Property & Casualty subindustry, Amlin'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.


Amlin's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

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



Amlin 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.

Amlin's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec14 is calculated as:

For example, Amlin's adjusted Book Value per Share data for the fiscal year that ended in Dec14 was:

Adj_Book=Book Value per Share/CPI of Dec14 (Change)*Current CPI (Dec14)
=22.259/99.9000*99.9000
=22.259

Current CPI (Dec14) = 99.9000.

Amlin Annual Data

Book Value per Share CPI Adj_Book
200512 11.626 80.300 14.464
200612 15.498 82.600 18.744
200712 17.748 84.500 20.983
200812 15.381 87.100 17.641
200912 20.897 88.900 23.483
201012 21.733 91.700 23.676
201112 17.809 95.000 18.728
201212 19.461 97.300 19.981
201312 21.984 99.200 22.139
201412 22.259 99.900 22.259

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.


Amlin  (OTCPK:APLCY) 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.


Amlin Cyclically Adjusted PB Ratio Related Terms

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


Amlin (APLCY) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Amlin PLC was incorporated on September 17, 1993. The Company is engaged in non-life insurance and reinsurance underwriting in the Lloyd's market, Bermuda and Continental Europe. It specialises in providing insurance cover to commercial enterprises and reinsurance protection to other insurance companies around the world. The group operates six segments through: Amlin London, consisting of the Reinsurance, Property & Casualty, Marine and Aviation business units, underwritten via Syndicate 2001; Amlin UK, underwriting commercial insurance in the UK domestic market, via Syndicate 2001 and Amlin Insurance (UK) Limited; Amlin Bermuda, which writes predominantly property reinsurance business, via Amlin AG, including reinsurance ceded by Syndicate 2001; Amlin Re Europe, which writes Continental European non-life reinsurance business, via Amlin AG; Amlin Europe, including Amlin Europe N.V., a provider of marine, corporate property and casualty insurance in the Netherlands and Belgium and specialty business in France; and Other corporate companies, comprising all other entities of the Group including holding companies.

Amlin (APLCY) Headlines

From GuruFocus

Invesco European Growth Fund Q3 2015 Performance Commentary

By Holly LaFon Holly LaFon 10-23-2015