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Nasdaq (BSP:N1DA34) Cyclically Adjusted PB Ratio : 5.06 (As of Sep. 21, 2024)


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What is Nasdaq Cyclically Adjusted PB Ratio?

As of today (2024-09-21), Nasdaq's current share price is R$205.42. Nasdaq's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was R$40.61. Nasdaq's Cyclically Adjusted PB Ratio for today is 5.06.

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

BSP:N1DA34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 2.88   Max: 5.56
Current: 5.09

During the past years, Nasdaq's highest Cyclically Adjusted PB Ratio was 5.56. The lowest was 1.73. And the median was 2.88.

BSP:N1DA34's Cyclically Adjusted PB Ratio is ranked worse than
85.46% of 447 companies
in the Capital Markets industry
Industry Median: 1.18 vs BSP:N1DA34: 5.09

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.

Nasdaq's adjusted book value per share data for the three months ended in Jun. 2024 was R$50.947. 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 R$40.61 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nasdaq Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Nasdaq'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.

Nasdaq Cyclically Adjusted PB Ratio Chart

Nasdaq 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 3.06 3.68 5.38 4.46 4.11

Nasdaq Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 3.55 3.44 4.11 4.37 4.13

Competitive Comparison of Nasdaq's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Nasdaq'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.


Nasdaq's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

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

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



Nasdaq 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.

Nasdaq's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=205.42/40.61
=5.06

* 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.

Nasdaq's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Nasdaq's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=50.947/132.5538*132.5538
=50.947

Current CPI (Jun. 2024) = 132.5538.

Nasdaq Quarterly Data

Book Value per Share CPI Adj_Book
201409 14.147 100.428 18.673
201412 15.112 99.070 20.220
201503 17.183 99.621 22.863
201506 17.551 100.684 23.106
201509 21.989 100.392 29.034
201512 22.078 99.792 29.326
201603 21.345 100.470 28.161
201606 19.705 101.688 25.686
201609 18.885 101.861 24.575
201612 18.222 101.863 23.712
201703 16.890 102.862 21.765
201706 18.405 103.349 23.606
201709 17.973 104.136 22.878
201712 18.939 104.011 24.136
201803 18.741 105.290 23.594
201806 21.174 106.317 26.399
201809 23.398 106.507 29.120
201812 21.353 105.998 26.703
201903 21.224 107.251 26.231
201906 21.568 108.070 26.454
201909 22.316 108.329 27.306
201912 23.366 108.420 28.567
202003 26.740 108.902 32.548
202006 30.294 108.767 36.919
202009 32.983 109.815 39.813
202012 33.444 109.897 40.339
202103 36.208 111.754 42.947
202106 32.983 114.631 38.140
202109 33.387 115.734 38.239
202112 36.160 117.630 40.748
202203 30.319 121.301 33.132
202206 30.017 125.017 31.827
202209 31.356 125.227 33.191
202212 32.816 125.222 34.737
202303 32.787 127.348 34.127
202306 30.800 128.729 31.715
202309 32.503 129.860 33.177
202312 46.071 129.419 47.187
202403 46.744 131.776 47.020
202406 50.947 132.554 50.947

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.


Nasdaq  (BSP:N1DA34) 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.


Nasdaq Cyclically Adjusted PB Ratio Related Terms

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


Nasdaq Business Description

Address
151 W. 42nd Street, New York, NY, USA, 10036
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

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