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NAOS Emerging Opportunities Co (ASX:NCC) Cyclically Adjusted PB Ratio : 0.39 (As of Jun. 09, 2024)


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What is NAOS Emerging Opportunities Co Cyclically Adjusted PB Ratio?

As of today (2024-06-09), NAOS Emerging Opportunities Co's current share price is A$0.49. NAOS Emerging Opportunities Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 was A$1.27. NAOS Emerging Opportunities Co's Cyclically Adjusted PB Ratio for today is 0.39.

The historical rank and industry rank for NAOS Emerging Opportunities Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASX:NCC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.58   Max: 0.74
Current: 0.4

During the past 11 years, NAOS Emerging Opportunities Co's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.40. And the median was 0.58.

ASX:NCC's Cyclically Adjusted PB Ratio is ranked better than
84.53% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs ASX:NCC: 0.40

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.

NAOS Emerging Opportunities Co's adjusted book value per share data of for the fiscal year that ended in Jun23 was A$0.851. 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 A$1.27 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


NAOS Emerging Opportunities Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for NAOS Emerging Opportunities 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.

NAOS Emerging Opportunities Co Cyclically Adjusted PB Ratio Chart

NAOS Emerging Opportunities Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.67 0.54

NAOS Emerging Opportunities Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 0.67 - 0.54 -

Competitive Comparison of NAOS Emerging Opportunities Co's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, NAOS Emerging Opportunities 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.


NAOS Emerging Opportunities Co's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where NAOS Emerging Opportunities Co's Cyclically Adjusted PB Ratio falls into.



NAOS Emerging Opportunities 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.

NAOS Emerging Opportunities Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.49/1.27
=0.39

* 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.

NAOS Emerging Opportunities Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun23 is calculated as:

For example, NAOS Emerging Opportunities Co's adjusted Book Value per Share data for the fiscal year that ended in Jun23 was:

Adj_Book=Book Value per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.851/124.1700*124.1700
=0.851

Current CPI (Jun23) = 124.1700.

NAOS Emerging Opportunities Co Annual Data

Book Value per Share CPI Adj_Book
201406 1.167 98.352 1.473
201506 1.071 99.838 1.332
201606 1.181 100.859 1.454
201706 1.237 102.809 1.494
201806 1.235 104.945 1.461
201906 1.037 106.617 1.208
202006 0.955 106.246 1.116
202106 1.183 110.332 1.331
202206 0.932 117.112 0.988
202306 0.851 124.170 0.851

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.


NAOS Emerging Opportunities Co  (ASX:NCC) 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.


NAOS Emerging Opportunities Co Cyclically Adjusted PB Ratio Related Terms

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NAOS Emerging Opportunities Co (ASX:NCC) Business Description

Traded in Other Exchanges
N/A
Address
25 Martin Place, Level 34, Sydney, NSW, AUS, 2000
NAOS Emerging Opportunities Co Ltd is an investment company that invests primarily in a concentrated portfolio of listed entities that are outside the S&P/ASX100 Accumulation Index. It operates predominantly in Australia and one industry being the securities industry. The company derives revenue from dividend income, interest income, and the investment portfolio.

NAOS Emerging Opportunities Co (ASX:NCC) Headlines

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