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BrightSphere Investment Group (BrightSphere Investment Group) Cyclically Adjusted PB Ratio : 15.73 (As of May. 14, 2024)


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What is BrightSphere Investment Group Cyclically Adjusted PB Ratio?

As of today (2024-05-14), BrightSphere Investment Group's current share price is $22.96. BrightSphere Investment Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $1.46. BrightSphere Investment Group's Cyclically Adjusted PB Ratio for today is 15.73.

The historical rank and industry rank for BrightSphere Investment Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSIG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 11.39   Med: 15.13   Max: 21.11
Current: 15.41

During the past years, BrightSphere Investment Group's highest Cyclically Adjusted PB Ratio was 21.11. The lowest was 11.39. And the median was 15.13.

BSIG's Cyclically Adjusted PB Ratio is ranked worse than
98.61% of 933 companies
in the Asset Management industry
Industry Median: 0.79 vs BSIG: 15.41

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.

BrightSphere Investment Group's adjusted book value per share data for the three months ended in Mar. 2024 was $-0.572. 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 $1.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BrightSphere Investment Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for BrightSphere Investment Group'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.

BrightSphere Investment Group Cyclically Adjusted PB Ratio Chart

BrightSphere Investment Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 16.60 12.65

BrightSphere Investment Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 16.87 15.20 14.17 12.65 15.62

Competitive Comparison of BrightSphere Investment Group's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, BrightSphere Investment Group'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.


BrightSphere Investment Group's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BrightSphere Investment Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



BrightSphere Investment Group 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.

BrightSphere Investment Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.96/1.46
=15.73

* 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.

BrightSphere Investment Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BrightSphere Investment Group'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)
=-0.572/129.4194*129.4194
=-0.572

Current CPI (Mar. 2024) = 129.4194.

BrightSphere Investment Group Quarterly Data

Book Value per Share CPI Adj_Book
201406 -0.348 100.560 -0.448
201409 -0.076 100.428 -0.098
201412 0.304 99.070 0.397
201503 0.523 99.621 0.679
201506 0.880 100.684 1.131
201509 1.030 100.392 1.328
201512 1.376 99.792 1.785
201603 1.458 100.470 1.878
201606 1.555 101.688 1.979
201609 1.774 101.861 2.254
201612 1.437 101.863 1.826
201703 1.574 102.862 1.980
201706 1.078 103.349 1.350
201709 1.192 104.136 1.481
201712 0.687 104.011 0.855
201803 1.110 105.290 1.364
201806 0.823 106.317 1.002
201809 0.939 106.507 1.141
201812 0.982 105.998 1.199
201903 -0.320 107.251 -0.386
201906 -0.139 108.070 -0.166
201909 0.324 108.329 0.387
201912 0.750 108.420 0.895
202003 0.835 108.902 0.992
202006 0.904 108.767 1.076
202009 1.390 109.815 1.638
202012 3.809 109.897 4.486
202103 4.167 111.754 4.826
202106 10.882 114.631 12.286
202109 13.581 115.734 15.187
202112 -0.388 117.630 -0.427
202203 -2.363 121.301 -2.521
202206 -1.714 125.017 -1.774
202209 -1.330 125.227 -1.375
202212 -0.521 125.222 -0.538
202303 -0.210 127.348 -0.213
202306 0.089 128.729 0.089
202309 0.552 129.860 0.550
202312 0.972 129.419 0.972
202403 -0.572 129.419 -0.572

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.


BrightSphere Investment Group  (NYSE:BSIG) 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.


BrightSphere Investment Group Cyclically Adjusted PB Ratio Related Terms

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


BrightSphere Investment Group (BrightSphere Investment Group) Business Description

Traded in Other Exchanges
Address
200 State Street, 13th Floor, Boston, MA, USA, 02109
BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.
Executives
Richard Jonathan Hart officer: Chief Legal Officer 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Christina Wiater officer: Principal Accounting Officer 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Suren Rana director, officer: President and CEO 245 PARK AVENUE, 40TH FLOOR, NEW YORK NY 10167
Paulson & Co. Inc. 10 percent owner 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
John Paulson director, 10 percent owner 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036
Daniel K. Mahoney officer: Head of Finance/PAO C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116
Guang Yang director, officer: President and CEO 850 THIRD AVENUE, 16TH FLOOR, NEW YORK NY 10022
Robert J Chersi director C/O OMAM INC, 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Maliz E Beams director C/O PORT FINANCIAL CORP, 1380 SOLDIERS FIELD RD, BRIGHTON MA 02135
Barbara Trebbi director C/O OMAM INC., 200 CLARENDON STREET, 53RD FLOOR, BOSTON MA 02116
Reginald Love director C/O BRIGHTSPHERE INC., 200 CLARENDON STREET, BOSTON MA 02116
Andrew D Kim director 1133 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10036