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OneMain Holdings (OneMain Holdings) Cyclically Adjusted PB Ratio : 1.79 (As of May. 01, 2024)


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What is OneMain Holdings Cyclically Adjusted PB Ratio?

As of today (2024-05-01), OneMain Holdings's current share price is $50.48. OneMain Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $28.19. OneMain Holdings's Cyclically Adjusted PB Ratio for today is 1.79.

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

OMF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.65   Max: 2.8
Current: 1.85

During the past years, OneMain Holdings's highest Cyclically Adjusted PB Ratio was 2.80. The lowest was 0.73. And the median was 1.65.

OMF's Cyclically Adjusted PB Ratio is ranked worse than
71.65% of 261 companies
in the Credit Services industry
Industry Median: 0.89 vs OMF: 1.85

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.

OneMain Holdings's adjusted book value per share data for the three months ended in Dec. 2023 was $26.604. 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 $28.19 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


OneMain Holdings Cyclically Adjusted PB Ratio Historical Data

The historical data trend for OneMain Holdings'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.

OneMain Holdings Cyclically Adjusted PB Ratio Chart

OneMain Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.24 2.04 1.25 1.75

OneMain Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.37 1.59 1.43 1.75 -

Competitive Comparison of OneMain Holdings's Cyclically Adjusted PB Ratio

For the Credit Services subindustry, OneMain Holdings'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.


OneMain Holdings's Cyclically Adjusted PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, OneMain Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



OneMain Holdings 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.

OneMain Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.48/28.19
=1.79

* 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.

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

For example, OneMain Holdings'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)
=26.604/129.4194*129.4194
=26.604

Current CPI (Dec. 2023) = 129.4194.

OneMain Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201403 13.925 99.695 18.077
201406 14.613 100.560 18.807
201409 18.303 100.428 23.587
201412 17.634 99.070 23.036
201503 17.607 99.621 22.874
201506 22.278 100.684 28.636
201509 22.181 100.392 28.595
201512 20.886 99.792 27.087
201603 21.729 100.470 27.990
201606 22.411 101.688 28.523
201609 22.604 101.861 28.719
201612 22.733 101.863 28.883
201703 22.949 102.862 28.874
201706 23.311 103.349 29.191
201709 23.872 104.136 29.668
201712 24.219 104.011 30.135
201803 24.923 105.290 30.635
201806 25.696 106.317 31.280
201809 26.806 106.507 32.573
201812 27.968 105.998 34.148
201903 29.027 107.251 35.027
201906 30.429 108.070 36.440
201909 30.082 108.329 35.938
201912 31.815 108.420 37.977
202003 22.724 108.902 27.005
202006 23.608 108.767 28.091
202009 23.250 109.815 27.401
202012 25.614 109.897 30.164
202103 24.599 111.754 28.487
202106 26.418 114.631 29.826
202109 23.742 115.734 26.549
202112 24.200 117.630 26.626
202203 24.556 121.301 26.199
202206 24.514 125.017 25.377
202209 24.564 125.227 25.386
202212 24.909 125.222 25.744
202303 25.550 127.348 25.966
202306 25.389 128.729 25.525
202309 25.856 129.860 25.768
202312 26.604 129.419 26.604

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.


OneMain Holdings  (NYSE:OMF) 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.


OneMain Holdings Cyclically Adjusted PB Ratio Related Terms

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


OneMain Holdings (OneMain Holdings) Business Description

Traded in Other Exchanges
Address
601 N.W. Second Street, Evansville, IN, USA, 47708
OneMain Holdings is engaged in nonprime consumer finance companies in the United States and one of only a few companies in the consumer installment lending industry. It formed after a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. Its services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company's one reportable segment is consumer and insurance. In addition to hundreds of branches, the company also has a significant online business. The main source of revenue is net interest income.
Executives
Rajive Chadha officer: Chief Operating Officer & EVP C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Douglas H. Shulman director, officer: President and CEO C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Toos Daruvala director 12 SYCAMORE ROAD, SCARSDALE NY 10583
Philip Bronner director C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Uniform Investco Sub L.p. other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE SOUTH, SUITE 3300, MINNEAPOLIS MN 55402
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
George G Hicks other: See Remarks 901 MARQUETTE AVENUE SOUTH, SUITE 3300, MINNEAPOLIS MN 55402
Jay N. Levine director, officer: President and CEO C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Lisa Green Hall director C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Micah R. Conrad officer: EVP and CFO C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Richard A Smith director 175 PARK AVENUE, MADISON NJ 07940
Varde Investment Partners Ugp, Llc other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Varde Skyway Fund Ugp, Llc other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Varde Credit Partners Ugp, Llc other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402