GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » State Street Corp (LTS:0L9G) » Definitions » Cyclically Adjusted PB Ratio

State Street (LTS:0L9G) Cyclically Adjusted PB Ratio : 1.35 (As of May. 25, 2025)


View and export this data going back to 2018. Start your Free Trial

What is State Street Cyclically Adjusted PB Ratio?

As of today (2025-05-25), State Street's current share price is $96.135. State Street's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $71.38. State Street's Cyclically Adjusted PB Ratio for today is 1.35.

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

LTS:0L9G' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.45   Max: 2.55
Current: 1.34

During the past years, State Street's highest Cyclically Adjusted PB Ratio was 2.55. The lowest was 0.93. And the median was 1.45.

LTS:0L9G's Cyclically Adjusted PB Ratio is ranked worse than
79.04% of 940 companies
in the Asset Management industry
Industry Median: 0.79 vs LTS:0L9G: 1.34

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.

State Street's adjusted book value per share data for the three months ended in Mar. 2025 was $80.135. 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 $71.38 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


State Street Cyclically Adjusted PB Ratio Historical Data

The historical data trend for State Street'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.

State Street Cyclically Adjusted PB Ratio Chart

State Street Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.58 1.21 1.15 1.39

State Street Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.12 1.07 1.26 1.39 1.25

Competitive Comparison of State Street's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, State Street'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.


State Street's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, State Street's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


;
;

State Street 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.

State Street's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=96.135/71.38
=1.35

* 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.

State Street's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, State Street's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=80.135/134.9266*134.9266
=80.135

Current CPI (Mar. 2025) = 134.9266.

State Street Quarterly Data

Book Value per Share CPI Adj_Book
201506 46.099 100.684 61.777
201509 46.551 100.392 62.565
201512 46.040 99.792 62.249
201603 47.509 100.470 63.802
201606 48.446 101.688 64.281
201609 49.158 101.861 65.115
201612 47.188 101.863 62.505
201703 48.087 102.862 63.077
201706 50.445 103.349 65.858
201709 52.047 104.136 67.436
201712 52.009 104.011 67.468
201803 52.552 105.290 67.344
201806 52.962 106.317 67.214
201809 54.976 106.507 69.646
201812 55.395 105.998 70.513
201903 56.668 107.251 71.291
201906 58.415 108.070 72.932
201909 59.179 108.329 73.709
201912 60.072 108.420 74.758
202003 60.777 108.902 75.301
202006 63.573 108.767 78.863
202009 65.440 109.815 80.404
202012 67.191 109.897 82.494
202103 66.169 111.754 79.889
202106 67.513 114.631 79.466
202109 69.300 115.734 80.792
202112 69.367 117.630 79.567
202203 66.050 121.301 73.469
202206 64.716 125.017 69.846
202209 64.332 125.227 69.315
202212 66.514 125.222 71.669
202303 67.687 127.348 71.715
202306 69.009 128.729 72.332
202309 70.143 129.860 72.880
202312 72.275 129.419 75.351
202403 72.851 131.776 74.593
202406 74.504 132.554 75.838
202409 78.221 133.029 79.337
202412 77.952 133.157 78.988
202503 80.135 134.927 80.135

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.


State Street  (LTS:0L9G) 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.


State Street Cyclically Adjusted PB Ratio Related Terms

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


State Street Business Description

Address
One Congress Street, Boston, MA, USA, 02114
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $47 trillion in assets under custody and administration and $4.7 trillion assets under management as of Dec. 31, 2024, State Street operates globally in more than 100 geographic markets and employs about 53,000 worldwide.

State Street Headlines

No Headlines