GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pinetree Capital Ltd (OTCPK:PNPFF) » Definitions » Cyclically Adjusted PB Ratio

Pinetree Capital (Pinetree Capital) Cyclically Adjusted PB Ratio : 0.41 (As of May. 17, 2024)


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

What is Pinetree Capital Cyclically Adjusted PB Ratio?

As of today (2024-05-17), Pinetree Capital's current share price is $4.30. Pinetree Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $10.51. Pinetree Capital's Cyclically Adjusted PB Ratio for today is 0.41.

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

PNPFF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.03   Max: 0.42
Current: 0.41

During the past years, Pinetree Capital's highest Cyclically Adjusted PB Ratio was 0.42. The lowest was 0.01. And the median was 0.03.

PNPFF's Cyclically Adjusted PB Ratio is ranked better than
80.96% of 478 companies
in the Capital Markets industry
Industry Median: 1.165 vs PNPFF: 0.41

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.

Pinetree Capital's adjusted book value per share data for the three months ended in Mar. 2024 was $4.445. 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 $10.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinetree Capital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Pinetree Capital'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.

Pinetree Capital Cyclically Adjusted PB Ratio Chart

Pinetree Capital 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 0.02 0.03 0.09 0.13 0.21

Pinetree Capital 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 0.13 0.17 0.20 0.21 0.40

Competitive Comparison of Pinetree Capital's Cyclically Adjusted PB Ratio

For the Capital Markets subindustry, Pinetree Capital'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.


Pinetree Capital's Cyclically Adjusted PB Ratio Distribution in the Capital Markets Industry

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

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



Pinetree Capital 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.

Pinetree Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.30/10.51
=0.41

* 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.

Pinetree Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Pinetree Capital's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.445/126.2576*126.2576
=4.445

Current CPI (Mar. 2024) = 126.2576.

Pinetree Capital Quarterly Data

Book Value per Share CPI Adj_Book
201406 99.370 99.473 126.126
201409 79.641 99.394 101.166
201412 30.380 98.367 38.994
201503 23.988 99.789 30.351
201506 21.979 100.500 27.612
201509 13.099 100.421 16.469
201512 9.739 99.947 12.303
201603 10.216 101.054 12.764
201606 3.410 102.002 4.221
201609 3.124 101.765 3.876
201612 2.848 101.449 3.544
201703 2.706 102.634 3.329
201706 2.884 103.029 3.534
201709 3.127 103.345 3.820
201712 2.918 103.345 3.565
201803 2.933 105.004 3.527
201806 2.935 105.557 3.511
201809 2.549 105.636 3.047
201812 2.421 105.399 2.900
201903 2.604 106.979 3.073
201906 2.657 107.690 3.115
201909 2.658 107.611 3.119
201912 2.766 107.769 3.241
202003 2.266 107.927 2.651
202006 2.313 108.401 2.694
202009 2.537 108.164 2.961
202012 3.035 108.559 3.530
202103 3.406 110.298 3.899
202106 3.430 111.720 3.876
202109 3.241 112.905 3.624
202112 3.199 113.774 3.550
202203 3.011 117.646 3.231
202206 3.132 120.806 3.273
202209 2.919 120.648 3.055
202212 3.107 120.964 3.243
202303 3.041 122.702 3.129
202306 3.377 124.203 3.433
202309 3.259 125.230 3.286
202312 3.603 125.072 3.637
202403 4.445 126.258 4.445

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.


Pinetree Capital  (OTCPK:PNPFF) 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.


Pinetree Capital Cyclically Adjusted PB Ratio Related Terms

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


Pinetree Capital (Pinetree Capital) Business Description

Traded in Other Exchanges
Address
1965 Queen Street East, Unit 200, Toronto, ON, CAN, M4L 1H9
Pinetree Capital Ltd is an investment and merchant banking company. It is engaged in the small-cap market with early-stage investments in resource and technology components. The company has a single reportable geographic segment, Canada. Pinetree's investment portfolio consists of investments, cash, cash equivalents, and cash due from brokers.