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MarineMax (STU:MLW) Cyclically Adjusted PB Ratio : 1.13 (As of May. 25, 2024)


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What is MarineMax Cyclically Adjusted PB Ratio?

As of today (2024-05-25), MarineMax's current share price is €24.98. MarineMax's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €22.18. MarineMax's Cyclically Adjusted PB Ratio for today is 1.13.

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

STU:MLW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.63   Med: 1.56   Max: 4.69
Current: 1.12

During the past years, MarineMax's highest Cyclically Adjusted PB Ratio was 4.69. The lowest was 0.63. And the median was 1.56.

STU:MLW's Cyclically Adjusted PB Ratio is ranked better than
52.18% of 734 companies
in the Retail - Cyclical industry
Industry Median: 1.175 vs STU:MLW: 1.12

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.

MarineMax's adjusted book value per share data for the three months ended in Mar. 2024 was €38.422. 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 €22.18 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MarineMax Cyclically Adjusted PB Ratio Historical Data

The historical data trend for MarineMax'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.

MarineMax Cyclically Adjusted PB Ratio Chart

MarineMax Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.95 3.17 1.59 1.47

MarineMax 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 1.41 1.60 1.47 1.69 1.38

Competitive Comparison of MarineMax's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, MarineMax'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.


MarineMax's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MarineMax's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



MarineMax 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.98/22.18
=1.13

* 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.

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

For example, MarineMax'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)
=38.422/131.7762*131.7762
=38.422

Current CPI (Mar. 2024) = 131.7762.

MarineMax Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.156 100.560 9.377
201409 7.669 100.428 10.063
201412 8.044 99.070 10.700
201503 9.157 99.621 12.113
201506 9.342 100.684 12.227
201509 10.443 100.392 13.708
201512 10.803 99.792 14.265
201603 10.661 100.470 13.983
201606 11.101 101.688 14.386
201609 11.464 101.861 14.831
201612 12.338 101.863 15.961
201703 12.317 102.862 15.779
201706 12.272 103.349 15.648
201709 11.584 104.136 14.659
201712 11.847 104.011 15.009
201803 11.636 105.290 14.563
201806 12.990 106.317 16.101
201809 13.348 106.507 16.515
201812 13.914 105.998 17.298
201903 14.280 107.251 17.546
201906 15.111 108.070 18.426
201909 15.706 108.329 19.105
201912 15.938 108.420 19.371
202003 16.316 108.902 19.743
202006 17.701 108.767 21.446
202009 17.684 109.815 21.221
202012 17.928 109.897 21.497
202103 19.842 111.754 23.397
202106 21.700 114.631 24.946
202109 23.172 115.734 26.384
202112 25.505 117.630 28.572
202203 28.322 121.301 30.768
202206 32.632 125.017 34.396
202209 36.474 125.227 38.382
202212 35.088 125.222 36.925
202303 36.269 127.348 37.530
202306 37.916 128.729 38.814
202309 38.817 129.860 39.390
202312 38.044 129.419 38.737
202403 38.422 131.776 38.422

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.


MarineMax  (STU:MLW) 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.


MarineMax Cyclically Adjusted PB Ratio Related Terms

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


MarineMax (STU:MLW) Business Description

Traded in Other Exchanges
Address
2600 McCormick Drive, Suite 200, Clearwater, FL, USA, 33759
MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.

MarineMax (STU:MLW) Headlines

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