FTDL (FirsTime Design) Cyclically Adjusted PB Ratio: (As of Jul. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is FirsTime Design Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


FirsTime Design  (OTCPK:FTDL) 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.


FirsTime Design Cyclically Adjusted PB Ratio Related Terms


FirsTime Design Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FirsTime Design'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.

FirsTime Design Cyclically Adjusted PB Ratio Chart

FirsTime Design Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FirsTime Design Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 0.00 0.00 0.00 0.00 0.00

FTDL vs EFOI: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, FirsTime Design'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.


FirsTime Design Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

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

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



FirsTime Design 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.

FirsTime Design's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2012 is calculated as:

For example, FirsTime Design's adjusted Book Value per Share data for the three months ended in Dec. 2012 was:

Adj_Book=Book Value per Share/CPI of Dec. 2012 (Change)*Current CPI (Dec. 2012)
=2.364/229.6010*229.6010
=2.364

Current CPI (Dec. 2012) = 229.6010.

FirsTime Design Quarterly Data

Book Value per Share CPI Adj_Book
200303 35.426 184.200 44.158
200306 33.080 183.700 41.346
200309 31.871 185.200 39.512
200312 29.365 184.300 36.583
200403 26.432 187.400 32.384
200406 23.150 189.700 28.019
200409 23.638 189.900 28.580
200412 17.284 190.300 20.854
200503 16.338 193.300 19.406
200506 13.209 194.500 15.593
200509 12.571 198.800 14.519
200512 13.118 196.800 15.304
200603 10.086 199.800 11.590
200606 9.201 202.900 10.412
200609 6.729 202.900 7.615
200612 12.118 201.800 13.787
200703 9.666 205.352 10.807
200706 7.724 208.352 8.512
200709 8.700 208.490 9.581
200712 7.997 210.036 8.742
200803 5.901 213.528 6.345
200806 4.008 218.815 4.206
200809 2.206 218.783 2.315
200812 -0.042 210.228 -0.046
200903 -1.545 212.709 -1.668
200906 -3.033 215.693 -3.229
200909 -3.565 215.969 -3.790
200912 -4.547 215.949 -4.834
201003 -6.432 217.631 -6.786
201006 -8.196 217.965 -8.634
201009 -8.378 218.439 -8.806
201012 29.020 219.179 30.400
201103 2.650 223.467 2.723
201106 2.712 225.722 2.759
201109 2.648 226.889 2.680
201112 2.121 225.672 2.158
201203 2.102 229.392 2.104
201206 2.224 229.478 2.225
201209 2.292 231.407 2.274
201212 2.364 229.601 2.364

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.


FirsTime Design Business Description

Address W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072
FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.