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MicroStrategy (STU:MIGA) Cyclically Adjusted PB Ratio : 30.88 (As of May. 22, 2024)


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What is MicroStrategy Cyclically Adjusted PB Ratio?

As of today (2024-05-22), MicroStrategy's current share price is €1536.00. MicroStrategy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €49.74. MicroStrategy's Cyclically Adjusted PB Ratio for today is 30.88.

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

STU:MIGA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.84   Med: 7.79   Max: 35.26
Current: 30.67

During the past years, MicroStrategy's highest Cyclically Adjusted PB Ratio was 35.26. The lowest was 2.84. And the median was 7.79.

STU:MIGA's Cyclically Adjusted PB Ratio is ranked worse than
97.26% of 1348 companies
in the Software industry
Industry Median: 2.605 vs STU:MIGA: 30.67

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.

MicroStrategy's adjusted book value per share data for the three months ended in Mar. 2024 was €125.126. 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 €49.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MicroStrategy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MicroStrategy'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.

MicroStrategy Cyclically Adjusted PB Ratio Chart

MicroStrategy 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 4.02 9.96 12.26 3.12 12.50

MicroStrategy 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 6.32 7.23 6.78 12.50 31.58

Competitive Comparison of MicroStrategy's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, MicroStrategy'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.


MicroStrategy's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, MicroStrategy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MicroStrategy 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1536.00/49.74
=30.88

* 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.

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

For example, MicroStrategy'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)
=125.126/131.7762*131.7762
=125.126

Current CPI (Mar. 2024) = 131.7762.

MicroStrategy Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.418 100.560 25.446
201409 20.537 100.428 26.948
201412 23.267 99.070 30.948
201503 28.417 99.621 37.589
201506 29.848 100.684 39.065
201509 32.030 100.392 42.043
201512 36.659 99.792 48.408
201603 36.776 100.470 48.235
201606 38.123 101.688 49.403
201609 40.524 101.861 52.425
201612 45.777 101.863 59.220
201703 46.745 102.862 59.885
201706 45.848 103.349 58.459
201709 44.881 104.136 56.794
201712 44.714 104.011 56.650
201803 43.471 105.290 54.407
201806 46.309 106.317 57.398
201809 47.489 106.507 58.756
201812 43.982 105.998 54.678
201903 41.350 107.251 50.806
201906 43.445 108.070 52.975
201909 45.583 108.329 55.449
201912 45.245 108.420 54.992
202003 42.768 108.902 51.751
202006 42.031 108.767 50.922
202009 35.665 109.815 42.797
202012 47.419 109.897 56.860
202103 31.462 111.754 37.099
202106 6.592 114.631 7.578
202109 37.856 115.734 43.103
202112 76.766 117.630 85.998
202203 69.358 121.301 75.348
202206 -15.659 125.017 -16.506
202209 -17.873 125.227 -18.808
202212 -31.316 125.222 -32.955
202303 31.944 127.348 33.055
202306 53.685 128.729 54.956
202309 54.281 129.860 55.082
202312 117.695 129.419 119.838
202403 125.126 131.776 125.126

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.


MicroStrategy  (STU:MIGA) 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.


MicroStrategy Cyclically Adjusted PB Ratio Related Terms

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


MicroStrategy (STU:MIGA) Business Description

Industry
Traded in Other Exchanges
Address
1850 Towers Crescent Plaza, Tysons Corner, VA, USA, 22182
MicroStrategy Inc is a provider of enterprise analytics and mobility software. It offers MicroStrategy Analytics platform that delivers reports and dashboards and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management. The company's reportable operating segment is engaged in the design, development, marketing, and sales of its software platform through licensing arrangements and cloud-based subscriptions and related services.

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