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Furniture Brands International, (FRA:FBN1) Cyclically Adjusted PB Ratio : (As of Jun. 21, 2024)


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What is Furniture Brands International, Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Furniture Brands International, Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Furniture Brands International,'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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Furniture Brands International, Cyclically Adjusted PB Ratio Chart

Furniture Brands International, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PB Ratio
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Furniture Brands International, Quarterly Data
Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
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Competitive Comparison of Furniture Brands International,'s Cyclically Adjusted PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, Furniture Brands International,'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.


Furniture Brands International,'s Cyclically Adjusted PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Furniture Brands International,'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Furniture Brands International,'s Cyclically Adjusted PB Ratio falls into.



Furniture Brands International, 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.

Furniture Brands International,'s Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2013 is calculated as:

For example, Furniture Brands International,'s adjusted Book Value per Share data for the three months ended in Jun. 2013 was:

Adj_Book=Book Value per Share/CPI of Jun. 2013 (Change)*Current CPI (Jun. 2013)
=-0.325/98.5178*98.5178
=-0.325

Current CPI (Jun. 2013) = 98.5178.

Furniture Brands International, Quarterly Data

Book Value per Share CPI Adj_Book
200309 105.736 78.138 133.314
200312 99.317 77.758 125.832
200403 101.087 79.066 125.956
200406 101.418 80.037 124.837
200409 101.601 80.121 124.930
200412 95.149 80.290 116.751
200503 96.996 81.555 117.170
200506 104.621 82.062 125.601
200509 103.797 83.876 121.917
200512 105.079 83.032 124.677
200603 106.463 84.298 124.422
200606 102.047 85.606 117.439
200609 102.691 85.606 118.180
200612 100.118 85.142 115.847
200703 99.457 86.640 113.092
200706 97.955 87.906 109.780
200709 92.465 87.964 103.559
200712 83.757 88.616 93.115
200803 81.419 90.090 89.036
200806 78.542 92.320 83.814
200809 80.857 92.307 86.297
200812 38.905 88.697 43.212
200903 40.001 89.744 43.912
200906 35.635 91.003 38.578
200909 31.836 91.120 34.421
200912 26.835 91.111 29.016
201003 28.674 91.821 30.765
201006 33.895 91.962 36.311
201009 32.379 92.162 34.612
201012 25.042 92.474 26.679
201103 23.609 94.283 24.669
201106 22.584 95.235 23.363
201109 21.333 95.727 21.955
201112 12.792 95.213 13.236
201203 13.036 96.783 13.270
201206 13.188 96.819 13.419
201209 11.287 97.633 11.389
201212 5.292 96.871 5.382
201303 3.549 98.209 3.560
201306 -0.325 98.518 -0.325

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.


Furniture Brands International,  (FRA:FBN1) 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.


Furniture Brands International, Cyclically Adjusted PB Ratio Related Terms

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Furniture Brands International, (FRA:FBN1) Business Description

Traded in Other Exchanges
N/A
Address
Furniture Brands International, Inc., is a Delaware corporation, which was organized in 1921 as a holding company. The Company is engaged in designing, manufacturing, sourcing and retailing of home furnishings. It markets products through a wide range of channels, including its own Thomasville retail stores and through interior designers, multi-line/independent retailers and mass merchant stores. Its portfolio includes Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and La Barge. Through these brands, the Company offers case goods, consisting of bedroom, dining room, and living room wood furniture; stationary upholstery products, consisting of sofas, loveseats, sectionals, and chairs; motion upholstered furniture, consisting of recliners and sleep sofas; occasional furniture, consisting of wood, metal and glass tables, accent pieces, home entertainment centers, and home office furniture; and decorative accessories and accent pieces. The Company's brands are featured in every price and product category in the residential furniture industry. Each of its brands targets specific customers in relation to style and price point. The raw materials used in manufacturing its products include lumber, veneers, plywood, fiberboard, particleboard, steel, paper, hardware, adhesives, finishing materials, glass, mirrored glass, fabrics, leathers, metals, stone, synthetics and upholstered filling material. The Company's products compete against domestic manufacturers, importers, and foreign manufacturers entering the United States market; as well as increased direct importing by some larger retailers. Its competitors include: Ashley Furniture Industries, Inc.; La-Z-Boy Incorporated; Ethan Allen Interiors Inc., and many other home furnishings retailers and manufacturers. The elements of competition include price, style, quality, service, brand and marketing.

Furniture Brands International, (FRA:FBN1) Headlines

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