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Manchester United (STU:MUF) Cyclically Adjusted PB Ratio : 4.47 (As of May. 26, 2024)


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What is Manchester United Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Manchester United's current share price is €15.425. Manchester United's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €3.45. Manchester United's Cyclically Adjusted PB Ratio for today is 4.47.

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

STU:MUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.57   Med: 4.05   Max: 6.31
Current: 4.35

During the past years, Manchester United's highest Cyclically Adjusted PB Ratio was 6.31. The lowest was 2.57. And the median was 4.05.

STU:MUF's Cyclically Adjusted PB Ratio is ranked worse than
90.2% of 663 companies
in the Media - Diversified industry
Industry Median: 1.11 vs STU:MUF: 4.35

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.

Manchester United's adjusted book value per share data for the three months ended in Dec. 2023 was €0.684. 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 €3.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manchester United Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Manchester United'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.

Manchester United Cyclically Adjusted PB Ratio Chart

Manchester United Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.15 3.76 2.66 5.94

Manchester United 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 5.59 5.35 5.94 4.95 5.27

Competitive Comparison of Manchester United's Cyclically Adjusted PB Ratio

For the Entertainment subindustry, Manchester United'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.


Manchester United's Cyclically Adjusted PB Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manchester United's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Manchester United 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.

Manchester United's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.425/3.45
=4.47

* 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.

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

For example, Manchester United'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)
=0.684/130.5000*130.5000
=0.684

Current CPI (Dec. 2023) = 130.5000.

Manchester United Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.662 99.300 4.813
201406 3.792 99.800 4.958
201409 3.839 100.000 5.010
201412 3.785 99.900 4.944
201503 3.990 99.600 5.228
201506 4.048 100.100 5.277
201509 3.948 100.200 5.142
201512 4.054 100.400 5.269
201603 3.734 100.400 4.853
201606 3.532 101.000 4.564
201609 3.250 101.500 4.179
201612 3.374 102.200 4.308
201703 3.222 102.700 4.094
201706 3.332 103.500 4.201
201709 3.363 104.300 4.208
201712 3.209 105.000 3.988
201803 3.218 105.100 3.996
201806 2.955 105.900 3.641
201809 2.945 106.600 3.605
201812 3.062 107.100 3.731
201903 3.216 107.000 3.922
201906 2.830 107.900 3.423
201909 2.804 108.400 3.376
201912 3.304 108.500 3.974
202003 2.818 108.600 3.386
202006 2.396 108.800 2.874
202009 2.290 109.200 2.737
202012 2.750 109.400 3.280
202103 2.686 109.700 3.195
202106 1.946 111.400 2.280
202109 1.767 112.400 2.052
202112 1.781 114.700 2.026
202203 1.552 116.500 1.739
202206 0.911 120.500 0.987
202209 0.710 122.300 0.758
202212 0.766 125.300 0.798
202303 0.719 126.800 0.740
202306 0.742 129.400 0.748
202309 0.512 130.100 0.514
202312 0.684 130.500 0.684

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.


Manchester United  (STU:MUF) 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.


Manchester United Cyclically Adjusted PB Ratio Related Terms

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


Manchester United (STU:MUF) Business Description

Traded in Other Exchanges
Address
Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.

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