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Cablevision Systems (FRA:CVY) Cyclically Adjusted PB Ratio : (As of May. 21, 2024)


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What is Cablevision Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cablevision Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cablevision Systems'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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Cablevision Systems Cyclically Adjusted PB Ratio Chart

Cablevision Systems Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted PB Ratio
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Cablevision Systems Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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Competitive Comparison of Cablevision Systems's Cyclically Adjusted PB Ratio

For the Broadcasting subindustry, Cablevision Systems'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.


Cablevision Systems's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

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

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



Cablevision Systems 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.

Cablevision Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2016 is calculated as:

For example, Cablevision Systems's adjusted Book Value per Share data for the three months ended in Mar. 2016 was:

Adj_Book=Book Value per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=-15.705/100.4704*100.4704
=-15.705

Current CPI (Mar. 2016) = 100.4704.

Cablevision Systems Quarterly Data

Book Value per Share CPI Adj_Book
200606 -14.627 85.606 -17.167
200609 -14.663 85.606 -17.209
200612 -13.824 85.142 -16.313
200703 -13.889 86.640 -16.106
200706 -12.826 87.906 -14.659
200709 -12.543 87.964 -14.326
200712 -11.903 88.616 -13.495
200803 -11.108 90.090 -12.388
200806 -10.830 92.320 -11.786
200809 -11.693 92.307 -12.727
200812 -13.378 88.697 -15.154
200903 -13.602 89.744 -15.228
200906 -12.556 91.003 -13.862
200909 -11.833 91.120 -13.047
200912 -11.711 91.111 -12.914
201003 -14.987 91.821 -16.399
201006 -16.639 91.962 -18.178
201009 -15.868 92.162 -17.299
201012 -16.126 92.474 -17.520
201103 -15.962 94.283 -17.010
201106 -13.272 95.235 -14.002
201109 -14.420 95.727 -15.135
201112 -15.449 95.213 -16.302
201203 -15.656 96.783 -16.253
201206 -16.921 96.819 -17.559
201209 -16.945 97.633 -17.437
201212 -16.234 96.871 -16.837
201303 -16.435 98.209 -16.813
201306 -15.827 98.518 -16.141
201309 -14.802 98.790 -15.054
201312 -14.408 98.326 -14.722
201403 -13.957 99.695 -14.066
201406 -13.959 100.560 -13.947
201409 -14.410 100.428 -14.416
201412 -14.903 99.070 -15.114
201503 -16.863 99.621 -17.007
201506 -15.983 100.684 -15.949
201509 -15.965 100.392 -15.978
201512 -16.294 99.792 -16.405
201603 -15.705 100.470 -15.705

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.


Cablevision Systems  (FRA:CVY) 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.


Cablevision Systems Cyclically Adjusted PB Ratio Related Terms

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Cablevision Systems (FRA:CVY) Business Description

Traded in Other Exchanges
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Address
Cablevision Systems Corp is a Delaware corporation which was organized in 1997. It operates through its subsidiary, CSC Holdings. CSC Holdings is a cable operator in the United States. It also provides high-speed data and Voice over Internet Protocol services using its television broadband network; and Ethernet-based data, Internet, voice and video transport and managed services, to the business market in the New York metropolitan area. One of its subsidiaries also operates a newspaper publishing business. It also owns a cable television advertising sales business and regional news and other local programming services businesses. The Company classifies its operations into three reportable segments: Cable, consisting principally of video, high-speed data, and VoIP services; Lightpath; and Other, consisting principally of Newsday, which includes the Newsday daily newspaper, amNew York, Star Community Publishing Group, and online websites including newsday.com and exploreLI.com, the News 12 Networks, which provides regional news programming services, Cablevision Media Sales Corporation, a cable television advertising company, and MSG Varsity, a program service dedicated to showcasing high school sports and activities and other local programming. The Company's cable television systems are operated in New York, New Jersey, and Connecticut under non-exclusive franchise agreements, where required by the franchising authority, with state and/or municipal or county franchising authorities. The Company's competitors include Verizon Communications, Inc., AT&T Inc., RCN Corporation, among others. Its cable television systems are subject to federal, state and local regulations.

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