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Old Mutual (STU:2KS) Cyclically Adjusted PB Ratio : (As of Jun. 09, 2024)


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What is Old Mutual Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Old Mutual Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Old Mutual'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.

Old Mutual Cyclically Adjusted PB Ratio Chart

Old Mutual 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 0.62 0.38 0.49 0.39 0.51

Old Mutual Quarterly Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.49 - 0.39 - 0.51

Competitive Comparison of Old Mutual's Cyclically Adjusted PB Ratio

For the Insurance - Life subindustry, Old Mutual'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.


Old Mutual's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Old Mutual's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Old Mutual 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.

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

For example, Old Mutual'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)
=0.633/152.7175*152.7175
=0.633

Current CPI (Dec. 2023) = 152.7175.

Old Mutual Quarterly Data

Book Value per Share CPI Adj_Book
200406 0.298 55.845 0.815
200412 1.200 56.265 3.257
200506 1.439 56.725 3.874
200512 1.445 57.400 3.845
200606 1.991 58.651 5.184
200612 1.757 60.165 4.460
200706 1.971 62.187 4.840
200712 1.805 64.718 4.259
200806 1.863 68.780 4.137
200812 1.368 70.742 2.953
200906 1.659 73.685 3.438
200912 1.612 75.102 3.278
201006 2.061 76.628 4.108
201012 1.719 77.609 3.383
201106 1.881 80.552 3.566
201112 1.630 82.514 3.017
201206 1.989 85.021 3.573
201212 1.767 87.310 3.091
201306 1.646 89.708 2.802
201312 1.668 91.889 2.772
201406 1.660 95.813 2.646
201412 1.782 96.794 2.812
201506 1.891 100.173 2.883
201512 1.835 101.808 2.753
201606 1.654 106.713 2.367
201612 1.795 109.002 2.515
201706 1.904 112.054 2.595
201712 1.788 113.907 2.397
201806 1.361 116.959 1.777
201812 0.973 118.921 1.250
201906 0.952 122.191 1.190
201912 0.967 123.717 1.194
202006 0.737 124.807 0.902
202012 0.786 127.467 0.942
202106 0.863 131.113 1.005
202112 0.683 135.029 0.772
202206 0.790 140.835 0.857
202212 0.713 145.156 0.750
202306 0.648 148.802 0.665
202312 0.633 152.718 0.633

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.


Old Mutual  (STU:2KS) 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.


Old Mutual Cyclically Adjusted PB Ratio Related Terms

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Old Mutual (STU:2KS) Business Description

Address
Mutualpark, Jan Smuts Drive, Pinelands, Cape Town, WC, ZAF, 7405
Old Mutual Ltd provides financial services that include wealth management, banking, asset management, and insurance. The firm is organized into the following operational segments: the mass and foundation cluster; Personal Finance and Wealth Management; Old Mutual Investments; Old Mutual corporate; Old Mutual Insure; Old Mutual Africa Regions; and other group activities.

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