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Moody's (STU:DUT) Cyclically Adjusted PB Ratio : 83.59 (As of Apr. 30, 2024)


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What is Moody's Cyclically Adjusted PB Ratio?

As of today (2024-04-30), Moody's's current share price is €349.40. Moody's's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €4.18. Moody's's Cyclically Adjusted PB Ratio for today is 83.59.

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

STU:DUT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 70.88   Med: 121.96   Max: 2267.15
Current: 80.52

During the past years, Moody's's highest Cyclically Adjusted PB Ratio was 2267.15. The lowest was 70.88. And the median was 121.96.

STU:DUT's Cyclically Adjusted PB Ratio is ranked worse than
99.79% of 466 companies
in the Capital Markets industry
Industry Median: 1.155 vs STU:DUT: 80.52

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.

Moody's's adjusted book value per share data for the three months ended in Dec. 2023 was €16.674. 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 €4.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moody's Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Moody's'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.

Moody's Cyclically Adjusted PB Ratio Chart

Moody's 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 - 772.83 220.40 91.08 83.94

Moody's Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 91.08 89.00 90.61 74.14 83.94

Competitive Comparison of Moody's's Cyclically Adjusted PB Ratio

For the Financial Data & Stock Exchanges subindustry, Moody's'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.


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

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

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



Moody's 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.

Moody's's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=349.40/4.18
=83.59

* 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.

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

For example, Moody's'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)
=16.674/129.4194*129.4194
=16.674

Current CPI (Dec. 2023) = 129.4194.

Moody's Quarterly Data

Book Value per Share CPI Adj_Book
201403 1.304 99.695 1.693
201406 1.552 100.560 1.997
201409 0.933 100.428 1.202
201412 -0.745 99.070 -0.973
201503 -1.708 99.621 -2.219
201506 -1.473 100.684 -1.893
201509 -2.118 100.392 -2.730
201512 -2.645 99.792 -3.430
201603 -2.688 100.470 -3.463
201606 -2.777 101.688 -3.534
201609 -2.631 101.861 -3.343
201612 -6.090 101.863 -7.738
201703 -4.531 102.862 -5.701
201706 -3.168 103.349 -3.967
201709 -1.620 104.136 -2.013
201712 -1.450 104.011 -1.804
201803 0.844 105.290 1.037
201806 1.083 106.317 1.318
201809 1.790 106.507 2.175
201812 2.109 105.998 2.575
201903 0.575 107.251 0.694
201906 1.650 108.070 1.976
201909 2.273 108.329 2.716
201912 2.935 108.420 3.503
202003 2.809 108.902 3.338
202006 4.925 108.767 5.860
202009 6.768 109.815 7.976
202012 6.893 109.897 8.118
202103 9.109 111.754 10.549
202106 9.744 114.631 11.001
202109 11.111 115.734 12.425
202112 13.000 117.630 14.303
202203 11.782 121.301 12.571
202206 11.826 125.017 12.242
202209 12.432 125.227 12.848
202212 12.980 125.222 13.415
202303 14.715 127.348 14.954
202306 15.818 128.729 15.903
202309 16.338 129.860 16.283
202312 16.674 129.419 16.674

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.


Moody's  (STU:DUT) 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.


Moody's Cyclically Adjusted PB Ratio Related Terms

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


Moody's (STU:DUT) Business Description

Traded in Other Exchanges
Address
7 World Trade Center at 250 Greenwich Street, New York, NY, USA, 10007
Moody's, along with S&P Ratings, is a leading provider of credit ratings on fixed-income securities. The ratings segment, Moody's Investors Service, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm's revenue and profits. The other segment, Moody's Analytics, consists of research, data, and analytics as well as enterprise risk solutions. RD&A's products include credit research, quantitative credit scores, economic research, business intelligence, know-your-customer tools, commercial real estate data and analytical tools, and training services. ERS includes risk-management software solutions for financial institutions.

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