PRGNF (Paragon Shipping) Cyclically Adjusted PB Ratio: (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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 Paragon Shipping Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Paragon Shipping  (OTCPK:PRGNF) 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.


Paragon Shipping Cyclically Adjusted PB Ratio Related Terms


Paragon Shipping Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Paragon Shipping'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.

Paragon Shipping Cyclically Adjusted PB Ratio Chart

Paragon Shipping Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
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

Paragon Shipping Quarterly Data
Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Dec16
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

PRGNF vs CTRM, GLBS, TOPS: Cyclically Adjusted PB Ratio Comparison

For the Marine Shipping subindustry, Paragon Shipping'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.


Paragon Shipping Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Paragon Shipping's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Paragon Shipping 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.

Paragon Shipping's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2016 is calculated as:

For example, Paragon Shipping's adjusted Book Value per Share data for the three months ended in Dec. 2016 was:

Adj_Book=Book Value per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=-172.074/100.1095*100.1095
=-172.074

Current CPI (Dec. 2016) = 100.1095.

Paragon Shipping Quarterly Data

Book Value per Share CPI Adj_Book
200109 1,685,447.000 74.702 2,258,685.885
200112 1,597,512.000 75.725 2,111,930.226
200612 96,286.000 88.714 108,654.017
200703 102,142.000 89.344 114,449.594
200706 103,401.000 90.040 114,964.326
200709 266,209.000 90.470 294,572.361
200712 275,636.000 92.159 299,415.272
200803 291,884.000 93.306 313,168.355
200806 306,379.000 94.462 324,697.189
200809 311,911.000 94.663 329,856.314
200812 308,431.000 93.971 328,579.444
200903 326,408.000 94.514 345,730.827
200906 403,419.000 94.959 425,298.779
200909 439,388.000 95.339 461,375.213
200912 456,266.000 96.453 473,560.923
201003 465,273.000 98.231 474,169.103
201006 472,455.000 99.918 473,360.494
201009 456,266.000 100.650 453,816.259
201012 490,472.000 101.443 484,023.638
201103 253,272.500 102.652 247,000.372
201106 245,602.000 103.254 238,122.430
201109 246,282.000 103.723 237,701.345
201112 110,612.000 103.893 106,583.710
201203 111,319.500 104.371 106,774.188
201206 111,293.000 104.599 106,516.186
201209 102,481.000 104.662 98,023.836
201212 71,840.333 104.729 68,671.850
201303 70,894.000 104.150 68,143.536
201306 71,109.667 104.198 68,319.743
201309 47,668.200 103.487 46,112.544
201312 46,530.200 102.937 45,252.009
201403 41,239.667 102.748 40,180.816
201406 39,698.000 103.060 38,561.338
201409 38,741.000 102.624 37,791.618
201412 31,771.571 100.254 31,725.682
201503 30,522.143 100.549 30,388.610
201506 20,172.000 100.838 20,026.348
201509 18,298.714 100.856 18,163.219
201512 -6,455.429 100.087 -6,456.912
201612 -172.074 100.110 -172.074

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.


Paragon Shipping Business Description

Address 15 Karamanli Avenue, Voula, GRC, 166 73
Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.