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MidCap Financial Investment (STU:55O1) Cyclically Adjusted PB Ratio : 0.67 (As of Jun. 19, 2024)


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What is MidCap Financial Investment Cyclically Adjusted PB Ratio?

As of today (2024-06-19), MidCap Financial Investment's current share price is €14.19. MidCap Financial Investment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €21.07. MidCap Financial Investment's Cyclically Adjusted PB Ratio for today is 0.67.

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

STU:55O1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.57   Max: 0.7
Current: 0.66

During the past years, MidCap Financial Investment's highest Cyclically Adjusted PB Ratio was 0.70. The lowest was 0.21. And the median was 0.57.

STU:55O1's Cyclically Adjusted PB Ratio is ranked better than
63.6% of 956 companies
in the Asset Management industry
Industry Median: 0.785 vs STU:55O1: 0.66

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.

MidCap Financial Investment's adjusted book value per share data for the three months ended in Mar. 2024 was €14.184. 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 €21.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MidCap Financial Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MidCap Financial Investment'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.

MidCap Financial Investment Cyclically Adjusted PB Ratio Chart

MidCap Financial Investment Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.27 0.57 0.54 0.59

MidCap Financial Investment 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 0.47 0.52 0.58 0.59 0.65

Competitive Comparison of MidCap Financial Investment's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, MidCap Financial Investment'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.


MidCap Financial Investment's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MidCap Financial Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MidCap Financial Investment 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.

MidCap Financial Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.19/21.07
=0.67

* 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.

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

For example, MidCap Financial Investment'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)
=14.184/131.7762*131.7762
=14.184

Current CPI (Mar. 2024) = 131.7762.

MidCap Financial Investment Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.296 100.560 25.286
201409 20.291 100.428 26.625
201412 20.520 99.070 27.294
201503 22.687 99.621 30.010
201506 21.415 100.684 28.028
201509 20.922 100.392 27.463
201512 20.811 99.792 27.481
201603 19.602 100.470 25.710
201606 18.416 101.688 23.865
201609 18.566 101.861 24.019
201612 19.505 101.863 25.233
201703 18.919 102.862 24.237
201706 17.958 103.349 22.898
201709 16.922 104.136 21.414
201712 16.738 104.011 21.206
201803 15.950 105.290 19.962
201806 16.622 106.317 20.602
201809 16.624 106.507 20.568
201812 16.727 105.998 20.795
201903 16.866 107.251 20.723
201906 16.816 108.070 20.505
201909 16.974 108.329 20.648
201912 16.444 108.420 19.986
202003 14.205 108.902 17.189
202006 13.579 108.767 16.452
202009 13.110 109.815 15.732
202012 12.815 109.897 15.366
202103 13.339 111.754 15.729
202106 13.295 114.631 15.283
202109 13.660 115.734 15.553
202112 14.229 117.630 15.940
202203 14.335 121.301 15.573
202206 14.685 125.017 15.479
202209 15.602 125.227 16.418
202212 0.000 125.222 0.000
202303 14.175 127.348 14.668
202306 14.027 128.729 14.359
202309 14.314 129.860 14.525
202312 14.128 129.419 14.385
202403 14.184 131.776 14.184

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.


MidCap Financial Investment  (STU:55O1) 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.


MidCap Financial Investment Cyclically Adjusted PB Ratio Related Terms

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


MidCap Financial Investment (STU:55O1) Business Description

Traded in Other Exchanges
Address
9 West 57th Street, 37th Floor, New York, NY, USA, 10019
MidCap Financial Investment Corp is an externally managed, publicly traded, Business Development Company, focused on providing senior debt solutions to middle market companies.

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