GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Manchester United PLC (FRA:MUF) » Definitions » Cyclically Adjusted PB Ratio

Manchester United (FRA:MUF) Cyclically Adjusted PB Ratio : 3.88 (As of May. 22, 2025)


View and export this data going back to 2012. Start your Free Trial

What is Manchester United Cyclically Adjusted PB Ratio?

As of today (2025-05-22), Manchester United's current share price is €12.49. Manchester United's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was €3.22. Manchester United's Cyclically Adjusted PB Ratio for today is 3.88.

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

FRA:MUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.57   Med: 4.27   Max: 6.31
Current: 3.91

During the past years, Manchester United's highest Cyclically Adjusted PB Ratio was 6.31. The lowest was 2.57. And the median was 4.27.

FRA:MUF's Cyclically Adjusted PB Ratio is ranked worse than
88.91% of 667 companies
in the Media - Diversified industry
Industry Median: 1.09 vs FRA:MUF: 3.91

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.

Manchester United's adjusted book value per share data for the three months ended in Dec. 2024 was €1.392. 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 €3.22 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manchester United Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Manchester United'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.

Manchester United Cyclically Adjusted PB Ratio Chart

Manchester United Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.76 2.66 5.94 4.41

Manchester United Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.27 3.71 4.41 4.57 5.02

Competitive Comparison of Manchester United's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Manchester United'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.


Manchester United's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

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

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


;
;

Manchester United 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.

Manchester United's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.49/3.22
=3.88

* 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.

Manchester United's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.392/135.1000*135.1000
=1.392

Current CPI (Dec. 2024) = 135.1000.

Manchester United Quarterly Data

Book Value per Share CPI Adj_Book
201503 3.990 99.600 5.412
201506 4.048 100.100 5.463
201509 3.948 100.200 5.323
201512 4.054 100.400 5.455
201603 3.734 100.400 5.025
201606 3.532 101.000 4.724
201609 3.250 101.500 4.326
201612 3.374 102.200 4.460
201703 3.222 102.700 4.238
201706 3.332 103.500 4.349
201709 3.363 104.300 4.356
201712 3.209 105.000 4.129
201803 3.218 105.100 4.137
201806 2.955 105.900 3.770
201809 2.945 106.600 3.732
201812 3.062 107.100 3.863
201903 3.216 107.000 4.061
201906 2.830 107.900 3.543
201909 2.804 108.400 3.495
201912 3.304 108.500 4.114
202003 2.818 108.600 3.506
202006 2.396 108.800 2.975
202009 2.290 109.200 2.833
202012 2.750 109.400 3.396
202103 2.686 109.700 3.308
202106 1.946 111.400 2.360
202109 1.767 112.400 2.124
202112 1.781 114.700 2.098
202203 1.552 116.500 1.800
202206 0.911 120.500 1.021
202209 0.710 122.300 0.784
202212 0.766 125.300 0.826
202303 0.719 126.800 0.766
202306 0.742 129.400 0.775
202309 0.512 130.100 0.532
202312 0.684 130.500 0.708
202403 1.266 131.600 1.300
202406 1.011 133.000 1.027
202409 1.043 133.500 1.056
202412 1.392 135.100 1.392

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.


Manchester United  (FRA:MUF) 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.


Manchester United Cyclically Adjusted PB Ratio Related Terms

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


Manchester United Business Description

Traded in Other Exchanges
Address
Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.

Manchester United Headlines

No Headlines