PEGX (The Pegasus) Cyclically Adjusted PB Ratio: (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is The Pegasus Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Pegasus  (OTCPK:PEGX) 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.


The Pegasus Cyclically Adjusted PB Ratio Related Terms


The Pegasus Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Pegasus'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.

The Pegasus Cyclically Adjusted PB Ratio Chart

The Pegasus Annual Data
Trend Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

The Pegasus Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 0.00 0.00 0.00 0.00 0.00

PEGX vs SALM, NTN: Cyclically Adjusted PB Ratio Comparison

For the Broadcasting subindustry, The Pegasus'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.


The Pegasus Cyclically Adjusted PB Ratio vs Media - Diversified Industry

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

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



The Pegasus 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.

The Pegasus's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2006 is calculated as:

For example, The Pegasus's adjusted Book Value per Share data for the three months ended in Sep. 2006 was:

Adj_Book=Book Value per Share/CPI of Sep. 2006 (Change)*Current CPI (Sep. 2006)
=1109.773/202.9000*202.9000
=1,109.773

Current CPI (Sep. 2006) = 202.9000.

The Pegasus Quarterly Data

Book Value per Share CPI Adj_Book
199612 1,089.189 158.600 1,393.420
199703 1,302.857 160.000 1,652.186
199706 1,035.897 160.300 1,311.188
199709 810.000 161.200 1,019.535
199712 721.053 161.300 907.016
199803 318.421 162.200 398.321
199806 1,935.088 163.000 2,408.769
199809 1,580.952 163.600 1,960.728
199812 907.813 163.900 1,123.827
199903 1,340.000 165.000 1,647.794
199906 534.615 166.200 652.668
199909 -173.418 167.900 -209.568
199912 -363.110 168.300 -437.760
200003 336.050 171.200 398.274
200006 5,754.265 172.400 6,772.276
200009 4,693.624 173.700 5,482.650
200012 4,814.694 174.000 5,614.376
200103 4,084.532 176.200 4,703.471
200106 3,529.375 178.000 4,023.091
200109 2,833.263 178.300 3,224.167
200112 2,596.509 176.700 2,981.504
200203 2,151.583 178.800 2,441.589
200206 2,102.262 179.900 2,371.034
200209 2,856.403 181.000 3,202.012
200212 2,336.672 180.900 2,620.844
200303 2,051.404 184.200 2,259.663
200306 1,658.965 183.700 1,832.357
200309 1,340.000 185.200 1,468.067
200312 2,667.544 184.300 2,936.759
200403 426.323 187.400 461.585
200406 -3,338.483 189.700 -3,570.787
200409 -3,526.667 189.900 -3,768.092
200412 -1,808.555 190.300 -1,928.302
200503 -1,841.445 193.300 -1,932.898
200506 1,421.909 194.500 1,483.318
200509 1,379.038 198.800 1,407.479
200512 1,321.641 196.800 1,362.606
200603 1,249.985 199.800 1,269.379
200606 1,176.000 202.900 1,176.000
200609 1,109.773 202.900 1,109.773

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.


The Pegasus Business Description

Address 225 City Line Avenue, Suite 100, Bala Cynwyd, PA, USA, 19004
The Pegasus Companies Inc is the holding company for a variety of satellite and media companies. The company previously operated as an independent provider of DIRECTV to more than 1.1 million subscribers but went into bankruptcy following the termination of the relationship. The company primarily owns and operates six broadcast TV stations and operates three others. These stations serve markets in Tennessee, Florida, Pennsylvania, and Maine.