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S & B Industrial Minerals (ATH:ARBA) Cyclically Adjusted PB Ratio : (As of May. 15, 2024)


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What is S & B Industrial Minerals Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


S & B Industrial Minerals Cyclically Adjusted PB Ratio Historical Data

The historical data trend for S & B Industrial Minerals'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.

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S & B Industrial Minerals Cyclically Adjusted PB Ratio Chart

S & B Industrial Minerals Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Cyclically Adjusted PB Ratio
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S & B Industrial Minerals Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
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Competitive Comparison of S & B Industrial Minerals's Cyclically Adjusted PB Ratio

For the Other Industrial Metals & Mining subindustry, S & B Industrial Minerals'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.


S & B Industrial Minerals's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, S & B Industrial Minerals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where S & B Industrial Minerals's Cyclically Adjusted PB Ratio falls into.



S & B Industrial Minerals 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.

S & B Industrial Minerals's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec11 is calculated as:

For example, S & B Industrial Minerals's adjusted Book Value per Share data for the fiscal year that ended in Dec11 was:

Adj_Book=Book Value per Share/CPI of Dec11 (Change)*Current CPI (Dec11)
=4.849/103.8931*103.8931
=4.849

Current CPI (Dec11) = 103.8931.

S & B Industrial Minerals Annual Data

Book Value per Share CPI Adj_Book
200212 0.000 78.290 0.000
200312 0.000 80.698 0.000
200412 0.000 83.194 0.000
200512 4.673 86.207 5.632
200612 5.144 88.714 6.024
200712 5.214 92.159 5.878
200812 4.951 93.971 5.474
200912 5.255 96.453 5.660
201012 4.688 101.443 4.801
201112 4.849 103.893 4.849

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.


S & B Industrial Minerals  (ATH:ARBA) 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.


S & B Industrial Minerals Cyclically Adjusted PB Ratio Related Terms

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S & B Industrial Minerals (ATH:ARBA) Business Description

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