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News (NWSA) Cyclically Adjusted PB Ratio

: 1.19 (As of Today)
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As of today (2024-04-19), News's current share price is $24.03. News's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $20.21. News's Cyclically Adjusted PB Ratio for today is 1.19.

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

NWSA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.02   Max: 1.37
Current: 1.19

During the past years, News's highest Cyclically Adjusted PB Ratio was 1.37. The lowest was 0.71. And the median was 1.02.

NWSA's Cyclically Adjusted PB Ratio is ranked worse than
51.44% of 626 companies
in the Media - Diversified industry
Industry Median: 1.135 vs NWSA: 1.19

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.

News's adjusted book value per share data for the three months ended in Dec. 2023 was $14.320. 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 $20.21 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


News Cyclically Adjusted PB Ratio Historical Data

The historical data trend for News'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.

News Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 1.27 0.73 0.94

News Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.87 0.82 0.94 0.97 1.21

Competitive Comparison

For the Entertainment subindustry, News'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.


News Cyclically Adjusted PB Ratio Distribution

For the Media - Diversified industry and Communication Services sector, News's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



News 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.

News's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.03/20.21
=1.19

* 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.

News's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, News's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=14.32/129.4194*129.4194
=14.320

Current CPI (Dec. 2023) = 129.4194.

News Quarterly Data

Book Value per Share CPI Adj_Book
201403 22.510 99.695 29.222
201406 22.871 100.560 29.435
201409 22.137 100.428 28.528
201412 21.719 99.070 28.373
201503 21.215 99.621 27.561
201506 20.540 100.684 26.402
201509 19.979 100.392 25.756
201512 20.287 99.792 26.310
201603 20.082 100.470 25.868
201606 19.934 101.688 25.370
201609 19.834 101.861 25.200
201612 18.842 101.863 23.939
201703 19.148 102.862 24.092
201706 18.540 103.349 23.217
201709 18.731 104.136 23.279
201712 18.637 104.011 23.190
201803 16.633 105.290 20.445
201806 15.936 106.317 19.399
201809 15.835 106.507 19.242
201812 15.839 105.998 19.339
201903 15.877 107.251 19.159
201906 15.625 108.070 18.712
201909 14.817 108.329 17.702
201912 15.229 108.420 18.179
202003 13.309 108.902 15.817
202006 12.882 108.767 15.328
202009 12.935 109.815 15.244
202012 13.765 109.897 16.210
202103 13.860 111.754 16.051
202106 13.897 114.631 15.690
202109 13.853 115.734 15.491
202112 14.188 117.630 15.610
202203 14.354 121.301 15.315
202206 14.070 125.017 14.565
202209 13.603 125.227 14.058
202212 14.099 125.222 14.572
202303 14.057 127.348 14.286
202306 14.099 128.729 14.175
202309 13.782 129.860 13.735
202312 14.320 129.419 14.320

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.


News  (NAS:NWSA) 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.


News Cyclically Adjusted PB Ratio Related Terms

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


News (NWSA) Business Description

Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a diversified media conglomerate with significant presence in the U.S, the U.K., and Australia. Key mastheads include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 61%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers in the world, and also has a substantial digital property advertising business (Move) in the U.S.
Executives
Marygrace Degrazio officer: Chief Accounting Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kelly Ayotte director C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Susan Panuccio officer: Chief Financial Officer C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
David B Pitofsky officer: General Counsel C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kevin Halpin officer: Deputy Chief Financial Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joel Klein director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
James R Murdoch director C/O LUPA SYSTEMS, 363 LAFAYETTE STREET, NEW YORK NY 10022
John Elkann director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Elaine L. Chao director C/O DOLE FOOD COMPANY, INC., ONE DOLE DRIVE, WESTLAKE VILLAGE CA 91362
Ana Paula Pessoa director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Masroor Siddiqui director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Natalie Bancroft director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jose Maria Aznar director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lachlan K Murdoch director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Cruden Financial Services Llc 10 percent owner C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501