GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Network 1 Financial Group Inc (OTCPK:NTFL) » Definitions » Cyclically Adjusted PB Ratio

Network 1 Financial Group (Network 1 Financial Group) Cyclically Adjusted PB Ratio : (As of May. 22, 2024)


View and export this data going back to 1999. Start your Free Trial

What is Network 1 Financial Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Network 1 Financial Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Network 1 Financial Group'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.

Network 1 Financial Group Cyclically Adjusted PB Ratio Chart

Network 1 Financial Group Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Jun09 Jun10 Jun11
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Network 1 Financial Group Quarterly Data
Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12
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 Network 1 Financial Group's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Network 1 Financial Group'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.


Network 1 Financial Group's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Network 1 Financial Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Network 1 Financial Group's Cyclically Adjusted PB Ratio falls into.



Network 1 Financial Group 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.

Network 1 Financial Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2012 is calculated as:

For example, Network 1 Financial Group's adjusted Book Value per Share data for the three months ended in Mar. 2012 was:

Adj_Book=Book Value per Share/CPI of Mar. 2012 (Change)*Current CPI (Mar. 2012)
=0.002/96.7829*96.7829
=0.002

Current CPI (Mar. 2012) = 96.7829.

Network 1 Financial Group Quarterly Data

Book Value per Share CPI Adj_Book
200206 0.035 75.902 0.045
200209 0.041 76.366 0.052
200212 0.046 76.324 0.058
200303 0.057 77.716 0.071
200306 0.079 77.505 0.099
200309 0.093 78.138 0.115
200312 0.094 77.758 0.117
200403 0.105 79.066 0.129
200406 0.124 80.037 0.150
200409 0.123 80.121 0.149
200412 0.102 80.290 0.123
200503 0.091 81.555 0.108
200506 0.093 82.062 0.110
200509 0.107 83.876 0.123
200512 0.118 83.032 0.138
200603 0.112 84.298 0.129
200606 0.112 85.606 0.127
200609 0.137 85.606 0.155
200612 0.130 85.142 0.148
200703 0.122 86.640 0.136
200706 0.120 87.906 0.132
200709 0.118 87.964 0.130
200712 0.116 88.616 0.127
200803 0.112 90.090 0.120
200806 0.109 92.320 0.114
200809 0.107 92.307 0.112
200812 0.100 88.697 0.109
200903 0.047 89.744 0.051
200906 0.032 91.003 0.034
200909 0.016 91.120 0.017
200912 0.017 91.111 0.018
201003 0.016 91.821 0.017
201006 0.014 91.962 0.015
201009 0.012 92.162 0.013
201012 0.015 92.474 0.016
201103 0.009 94.283 0.009
201106 0.006 95.235 0.006
201109 0.003 95.727 0.003
201112 0.003 95.213 0.003
201203 0.002 96.783 0.002

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.


Network 1 Financial Group  (OTCPK:NTFL) 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.


Network 1 Financial Group Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Network 1 Financial Group's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Network 1 Financial Group (Network 1 Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
2 Bridge Avenue, Suite 241, Red Bank, NJ, USA, 07701
Network 1 Financial Group Inc is registered as a broker-dealer with the Securities and Exchange Commission the State of Texas and various other states. The company's clients include high net worth individuals from many countries, institutional investors, managed pension funds and hedge funds.

Network 1 Financial Group (Network 1 Financial Group) Headlines