E*TRADE Financial (LTS:0IEO) Cyclically Adjusted PB Ratio : (As of May. 27, 2024)

E*TRADE Financial Cyclically Adjusted PB Ratio Chart

E*TRADE Financial Annual Data
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E*TRADE Financial Quarterly Data
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Competitive Comparison of E*TRADE Financial's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, E*TRADE Financial'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.

E*TRADE Financial's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, E*TRADE Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where E*TRADE Financial's Cyclically Adjusted PB Ratio falls into.

E*TRADE Financial 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.

E*TRADE Financial's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2020 is calculated as:

For example, E*TRADE Financial's adjusted Book Value per Share data for the three months ended in Jun. 2020 was:

Current CPI (Jun. 2020) = 108.7673.

E*TRADE Financial Quarterly Data

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.

E*TRADE Financial  (LTS:0IEO) 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.

E*TRADE Financial Cyclically Adjusted PB Ratio Related Terms

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E*TRADE Financial (LTS:0IEO) Business Description