GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Consolidated Media Holdings Ltd (ASX:PB1) » Definitions » Cyclically Adjusted PB Ratio

Consolidated Media Holdings (ASX:PB1) Cyclically Adjusted PB Ratio : (As of Jun. 23, 2024)


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

What is Consolidated Media Holdings Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Consolidated Media Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Consolidated Media Holdings'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.

Consolidated Media Holdings Cyclically Adjusted PB Ratio Chart

Consolidated Media Holdings Annual Data
Trend Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Consolidated Media Holdings Semi-Annual Data
Jun95 Jun96 Jun97 Jun98 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12
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 - - - - -

Competitive Comparison of Consolidated Media Holdings's Cyclically Adjusted PB Ratio

For the Broadcasting subindustry, Consolidated Media 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.


Consolidated Media Holdings's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Consolidated Media Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Consolidated Media Holdings 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.

Consolidated Media Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Jun12 is calculated as:

For example, Consolidated Media Holdings's adjusted Book Value per Share data for the fiscal year that ended in Jun12 was:

Adj_Book=Book Value per Share/CPI of Jun12 (Change)*Current CPI (Jun12)
=0.573/93.2436*93.2436
=0.573

Current CPI (Jun12) = 93.2436.

Consolidated Media Holdings Annual Data

Book Value per Share CPI Adj_Book
200306 5.680 72.997 7.255
200406 6.386 74.855 7.955
200506 6.678 76.712 8.117
200606 5.746 79.777 6.716
200706 8.629 81.449 9.879
200806 0.165 85.071 0.181
200906 0.662 86.278 0.715
201006 0.692 88.971 0.725
201106 0.578 92.129 0.585
201206 0.573 93.244 0.573

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.


Consolidated Media Holdings  (ASX:PB1) 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.


Consolidated Media Holdings Cyclically Adjusted PB Ratio Related Terms

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


Consolidated Media Holdings (ASX:PB1) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address

Consolidated Media Holdings (ASX:PB1) Headlines

No Headlines