What is JMP Group LLC Cyclically Adjusted PB Ratio?
Shiller PE for Stocks: The True Measure of Stock Valuation
JMP Group LLC Cyclically Adjusted PB Ratio Historical Data
The historical data trend for JMP Group LLC'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.
Competitive Comparison of JMP Group LLC's Cyclically Adjusted PB Ratio
For the Capital Markets subindustry, JMP Group LLC'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.
JMP Group LLC's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, JMP Group LLC's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where JMP Group LLC's Cyclically Adjusted PB Ratio falls into.
JMP Group LLC 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.
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.
JMP Group LLC (NYSE:JMP) 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.
JMP Group LLC Cyclically Adjusted PB Ratio Related Terms
Thank you for viewing the detailed overview of JMP Group LLC's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
JMP Group LLC (JMP Group LLC) Business Description
JMP Group LLC is an investment bank that focuses its investment banking and equity research services on small and middle-market firms in five industries: consumer, financial services, health care, real estate, and technology. JMP provides capital raising, financial advisory, sales and trading, and equity research services. JMP also manages more than $1 billion of assets through its hedge funds and collateralized loan obligation management business.
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