GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Maxxam Inc (OTCPK:MAXX) » Definitions » Cyclically Adjusted PB Ratio

Maxxam (Maxxam) Cyclically Adjusted PB Ratio : (As of May. 25, 2024)


View and export this data going back to 1972. Start your Free Trial

What is Maxxam Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Maxxam Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Maxxam'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.

Maxxam Cyclically Adjusted PB Ratio Chart

Maxxam Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Maxxam Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
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 - - - - -

Competitive Comparison of Maxxam's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Maxxam'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.


Maxxam's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Maxxam's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Maxxam 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.

Maxxam's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2009 is calculated as:

For example, Maxxam's adjusted Book Value per Share data for the three months ended in Sep. 2009 was:

Adj_Book=Book Value per Share/CPI of Sep. 2009 (Change)*Current CPI (Sep. 2009)
=-22845.395/91.1196*91.1196
=-22,845.395

Current CPI (Sep. 2009) = 91.1196.

Maxxam Quarterly Data

Book Value per Share CPI Adj_Book
199912 947.296 71.008 1,215.606
200003 778.505 72.231 982.085
200006 1,218.970 72.737 1,527.028
200009 507.595 73.286 631.115
200012 1,808.077 73.413 2,244.185
200103 3,936.090 74.341 4,824.476
200106 2,435.848 75.100 2,955.435
200109 4,438.912 75.227 5,376.706
200112 -18,226.733 74.552 -22,277.357
200203 -20,325.546 75.438 -24,550.829
200206 -20,612.792 75.902 -24,745.551
200209 -20,888.548 76.366 -24,924.196
200212 -22,320.950 76.324 -26,648.062
200303 -22,711.605 77.716 -26,628.687
200306 -23,045.646 77.505 -27,093.865
200309 -24,525.636 78.138 -28,600.284
200312 -24,311.667 77.758 -28,489.243
200403 -26,058.577 79.066 -30,031.165
200406 -26,343.096 80.037 -29,990.971
200409 -27,175.732 80.121 -30,906.354
200412 -27,506.276 80.290 -31,216.507
200503 -28,104.603 81.555 -31,400.537
200506 -28,550.482 82.062 -31,701.898
200509 -28,370.339 83.876 -30,820.498
200512 -27,716.799 83.032 -30,416.510
200603 -28,135.735 84.298 -30,412.620
200606 -33,517.110 85.606 -35,675.961
200609 -9,557.775 85.606 -10,173.395
200612 -10,085.592 85.142 -10,793.726
200703 -10,685.062 86.640 -11,237.492
200706 -11,004.762 87.906 -11,407.079
200709 -11,524.535 87.964 -11,937.936
200712 -12,458.313 88.616 -12,810.230
200803 -16,250.000 90.090 -16,435.769
200806 -16,809.211 92.320 -16,590.576
200809 -20,460.526 92.307 -20,197.352
200812 -21,233.553 88.697 -21,813.411
200903 -21,913.377 89.744 -22,249.217
200906 -22,401.316 91.003 -22,429.969
200909 -22,845.395 91.120 -22,845.395

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.


Maxxam  (OTCPK:MAXX) 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.


Maxxam Cyclically Adjusted PB Ratio Related Terms

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


Maxxam (Maxxam) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.
Executives
Charles E Hurwitz director, 10 percent owner, officer: Chairman of the Board & CEO 1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank director 2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin director 1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd 10 percent owner C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley officer: Controller 9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

Maxxam (Maxxam) Headlines

No Headlines