GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroseas Ltd (NAS:ESEA) » Definitions » Cyclically Adjusted PB Ratio

Euroseas (Euroseas) Cyclically Adjusted PB Ratio : 0.80 (As of Jun. 15, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Euroseas Cyclically Adjusted PB Ratio?

As of today (2024-06-15), Euroseas's current share price is $35.41. Euroseas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $44.29. Euroseas's Cyclically Adjusted PB Ratio for today is 0.80.

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

ESEA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.05   Max: 0.87
Current: 0.8

During the past years, Euroseas's highest Cyclically Adjusted PB Ratio was 0.87. The lowest was 0.01. And the median was 0.05.

ESEA's Cyclically Adjusted PB Ratio is ranked better than
70.21% of 725 companies
in the Transportation industry
Industry Median: 1.27 vs ESEA: 0.80

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.

Euroseas's adjusted book value per share data for the three months ended in Mar. 2024 was $40.307. 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 $44.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Euroseas Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Euroseas'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.

Euroseas Cyclically Adjusted PB Ratio Chart

Euroseas 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 0.02 0.04 0.25 0.26 0.65

Euroseas 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 0.28 0.37 0.52 0.65 0.81

Competitive Comparison of Euroseas's Cyclically Adjusted PB Ratio

For the Marine Shipping subindustry, Euroseas'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.


Euroseas's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Euroseas's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Euroseas 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.41/44.29
=0.80

* 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.

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

For example, Euroseas'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)
=40.307/117.2848*117.2848
=40.307

Current CPI (Mar. 2024) = 117.2848.

Euroseas Quarterly Data

Book Value per Share CPI Adj_Book
201406 137.278 103.060 156.225
201409 131.831 102.624 150.664
201412 122.670 100.254 143.508
201503 114.340 100.549 133.371
201506 109.978 100.838 127.916
201509 97.816 100.856 113.749
201512 92.779 100.087 108.722
201603 89.656 99.041 106.171
201606 70.577 100.121 82.676
201609 65.772 99.878 77.235
201612 39.799 100.110 46.627
201703 37.194 100.770 43.290
201706 36.125 101.138 41.892
201709 32.351 100.882 37.611
201712 33.134 100.762 38.567
201803 30.556 100.534 35.647
201806 2.731 102.121 3.137
201809 1.923 101.982 2.212
201812 2.442 101.330 2.827
201903 2.146 101.482 2.480
201906 1.055 101.837 1.215
201909 3.328 101.906 3.830
201912 3.652 102.120 4.194
202003 3.979 101.479 4.599
202006 4.173 100.239 4.883
202009 4.161 99.886 4.886
202012 4.074 99.751 4.790
202103 4.662 99.817 5.478
202106 6.287 101.270 7.281
202109 7.453 102.095 8.562
202112 10.536 104.853 11.785
202203 14.670 108.651 15.836
202206 18.404 113.517 19.015
202209 21.396 114.371 21.941
202212 23.630 112.428 24.651
202303 27.349 113.620 28.231
202306 31.045 115.515 31.521
202309 35.247 116.234 35.566
202312 38.004 116.364 38.305
202403 40.307 117.285 40.307

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.


Euroseas  (NAS:ESEA) 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.


Euroseas Cyclically Adjusted PB Ratio Related Terms

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


Euroseas (Euroseas) Business Description

Industry
Traded in Other Exchanges
Address
4 Messogiou and Evropis Street, Maroussi, GRC, 151 24
Euroseas Ltd is a shipping company. Its fleet consists of containerships that transport container boxes providing scheduled service between ports. Its operations are managed by an affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The company employs its vessels on spot and period charters and through pool arrangements.

Euroseas (Euroseas) Headlines

From GuruFocus

Euroseas Ltd. to Participate at Capital Link's Corporate Presentation Series

By Stock market mentor Stock market mentor 01-19-2023